KCB Group’s 1H21 PAT surged 101.92% y/y to KES 15.30B, above our forecast of KES 9.80B, fueled by a 13.86% y/y increase in interest income to KES 47.12B, a 5.94% y/y increase in NFI to KES 14.79B, and a 40.30% y/y drop in loan loss provisions to KES 6.58B. KCB’s Board of Directors did not recommend the payment of dividends as they sought to conserve cash.
Download (306.81 KB)
AIB-AXYS Africa Ltd is the fusion of two established companies; AIB Capital Limited and Apex Africa Capital Limited, both with over 25 years of experience in the Securities market. With the solid reputation and experience of the professional teams, we leverage talent and networks to better service businesses and investors looking to capitalize on the African growth story, and its vibrant financial sector.
Latest Reports
