KCB | KCB Group Q3'24 Earnings Note

    KCB Group reported an impressive 49.0% y/y surge in net earnings to KES 45.76Bn over the first nine months of 2024.

    Net interest margin edged up modestly by 10bps y/y to 6.7%, reflecting the lenders’ ability to optimize its yield generation despite heightened cost of funding pressures.

    Recommendation - We maintain our BUY recommendation on KCB Group underpinned by the successful execution of its strategic transformation and demonstrated earnings momentum.

     

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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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