KCB Group 3Q21 EPS edged up 91.51% to KES 9.92, well above our expectations. PAT was up 131.44% y/y to KES 25.21Bn which was also above our expectations driven by a 15.57% y/y increase in total operating income to KES 79.91Bn and a 53.39% y/y decline in loan loss provisions to KES 9.33Bn. Customer deposits grew 11.19% to KES 859.10Bn while the loan book increased by 12.87% to KES 651.82Bn.
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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.
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