KCB Bank has reported a first quarter profit of Sh16 billion in Q1 2024, surpassing Equity Bank and reclaiming its position as East Africa’s most profitable bank. The bank's total assets increased by 22.4% year-over-year to KES 1.99 trillion.
KCB share price now up 147% from its November 2023 low. This market has made bargain hunters & risk takers rich.
𝐑𝐨𝐮𝐧𝐝𝐮𝐩 𝐨𝐟 𝐓𝐨𝐩 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐂𝐨𝐧𝐭𝐞𝐧𝐭 [𝟐𝟖𝐭𝐡 𝐌𝐚𝐲.]: 1. In Q1 2024, Standard Chartered [@StanChartKE] reported KES 13.1B in operating income, up 21.40% YoY. Net income was up 39.5% YoY to KES 5.6B and Per Share Earnings were up 36.7% YoY to KES 14.42. https://t.co/e2iRIo5LO5
A thread on KCB Group [@KCBGroup] Q1 2024 Results: 1. Total Assets: —The Group's Total Assets increased by 22.4% y/y to KES 1.99T https://t.co/jjProaP6vQ
How KCB reclaimed position of East Africa’s most profitable bank https://t.co/TgXzOihlAl
KCB bank beats Equity with Sh16 billion first quarter profit https://t.co/4MPDClD41M https://t.co/NhgI3uebrR