INVESTMENT & FINANCE
Equity Bank FY09 Pre-tax Profit Growth Slows down to 5%
Equity Bank 2009 full year profit slowed down to a mere 5%, from Ksh.5.02 billion at the end of 2008 to Ksh.5.278 in the period under review, after recovering from a 15% half-year dip in profit. The bank late last year indicated it expected to record a 20% growth in profit for the full year, [...]
Barclays Bank (K) FY09 Pre-tax Profits Rise 12%
Barclays Bank of Kenya Full year pre-tax profits for the year ended December 31 2009 rose 12% to stand at Ksh.9.002 Billion from compared to Ksh.8.016 Billion the previous year. This was mainly attributed to effective cost controls and a significant drop in provisions for bad loans.
The bank raised its dividend per share to Ksh.2.50 [...]
KCB Group FY09 Pre-tax Profit Rise 5%
Kenya Commercial Bank, the biggest bank in Kenya in terms of assets, reported a 5% rise in its 2009 pretax full year profit to stand at Ksh.6.3 billion compared to 2008’s Ksh.6.012 billion. This was mainly attributed to gains in net income, debt recoveries and a fall in provisions for bad loans. Net income jumped [...]
Barclays Q3 Pretax Profit Grows Marginally by 4%
Barclays Bank of Kenya Ltd. Pretax profit for the nine months ended September rose marginally to 4.22% to stand at Ksh.6.63 billion from Ksh.6.36 billion the same period in 2008. The bank’s earnings per share for the period rose to Ksh.3.4 from Ksh.3.2 the previous year.
Customer deposits dropped to Ksh.123 billion from Ksh.132 billion [...]
Cooperative Bank Nine Months Pre-tax Profit Rise 10%
Co-operative Bank reported a 10% rise in pre-tax profits for the nine months period ending September 30. The bank recorded Ksh.2.85 billion up from Ksh.2.59 in the corresponding period in 2008. This was mainly driven by a 27% increase in net interest income from Sh3.9 billion to Sh4.9 billion.
During the period under review, net loans [...]
DTK Bank Nine Months Pre-tax Profit Rise 17.4%
Diamond Trust Bank Kenya reported a 17.4% rise in pre-tax profits for the nine months period ending September 30. The bank recorded Ksh.1.34 billion up from Ksh.1.14 billion in the corresponding period in 2008. This was mainly attributed to the expansion and the resilience of SMEs performance — which account for 70% of DTK business.
During [...]
KCB Group Q3 Profits Stagnates
Kenya Commercial Bank Group Pretax profit for the nine months ended September 2009 rose marginally to 1.43% to stand at Ksh.5.27 billion from Ksh.5.2 billion the same period in 2008. The Groups Net profits dropped 6.98% to Ksh.3.5 billion.
Operating income grew by 14.4% to stand at Ksh.17.4 billion, mainly attributable to a 58% growth [...]
NIC Bank 9 Months Pretax Profit Up 12%
NIC Bank recorded a 12% growth in pre-tax profits for the third quarter of the year 2009 to stand at ksh.1.19 billion. The bank reported a Ksh.819 million in after-tax profits compared to Ksh.741 million recorded by end of September 2008. Net Interest income went up 25.6% to Ksh.1.8 billion compared to Sh1.4 billion last [...]
StanChart [K] Bank 2009: 9 Months Pretax Profit Grows 41%
Standard Chartered Bank Kenya recorded the biggest growth in pre-tax profits for the third quarter of the year 2009 at 41% to stand at ksh.5.2 billion. The bank reported a Ksh.3.68 billion in after-tax profits compared to Ksh.2.54 million recorded by end of September 2008. Net Interest income went up 25.12% to Ksh.5.5 billion compared [...]
Jubilee Holdings Reports HY2009 Results
Jubilee Holdings Limited an NSE Listed integrated composite insurance and financial services provider recently announced its financial results for the half year period ended June 30, 2009. Group revenues were KES4.9 billion and net income was KES242 million (KES5.38 per share) compared with revenues of KES4.25 billion and net income of KES240 million (KES5.34 per [...]
