Kakuzi's FY 23 results show a 21.8% sales increase to KES 5.4B, with pre-tax profits down 45.6% to KES 663.9M. KCB Group sells National Bank of Kenya, while KCB's pre-tax profit falls 15% in 2023. KCB received funding from EIB and Proparco. KCB skips dividend for the first time in 21 years. Co-operative Bank Kenya's FY 2023 highlights include total assets up 10.5% to 671.1B and PAT up 5.2% to 23.2B. KCB's share price drops 17% erasing previous gains.
Markets today: 🟢 Jubilee[@JubileeInsKE]: +6.9% to KES 198.0 🔴 Uchumi [@UchumiKenya]: -10.0% to KES 0.18 🗒️ Notable point: — Foreigners were net buyers [net inflows of KES 24.23M]. https://t.co/hSNTsdVoXM https://t.co/DfIBIByWwE
Banks peeking their head out... $KBE https://t.co/gQAgujo4Ya
KCB share price is down 17% this morning erasing all of the gains from yesterday: https://t.co/P9Wki1w923
KCB share price is down 17% this morning erasing all of the fails from yesterday: https://t.co/vUlNTGtnFl
Safaricom us up 4% to 16 while KCB is down 17% to KES 22 this morning: https://t.co/R6Da2dtvPv
A thread on KCB Group [ @KCBGroup] FY 2023 results. 1. Total Assets: —The group achieved a remarkable 39.7% y/y growth in total assets to reach KES 2.2T. https://t.co/RugogkuO3T
Co-operative Bank Kenya [@Coopbankenya] FY 2023 Highlights (YoY, KES): ◾Total Assets: +10.5% to 671.1B ◾Net Interest Income: -0.6% to 45.2B ◾Provisions: -30.8% to 6B ◾PAT: +5.2% to 23.2B ◾EPS: +5.4% to 3.92 ◾DPS: 1.50 [2022: 1.50] ◾Gross NPLs: +27.9% to 66.9B https://t.co/s3gadASFzE https://t.co/36dw4dAwcP
KCB shareholders waiting for the market to open: https://t.co/aUmD05d1r9 https://t.co/FqK9900mn5
A few changes in the KCB shareholder ownership stakes as of Dec 2023 vs Dec 2022: —Local institutional investors down from 45.01% to 44.3% —Local retail investors up from 26.4% to 27% —Foreign investors up from 8.86% to 8.91% https://t.co/bjZZVFGHy7
KCB skips dividend for the first time in 21 years! https://t.co/cycCCehyVv
$KRE: banks absolutely ripping now https://t.co/WMGiiwrdmN
Markets today: 🟢BK Group: +9.3% to KES 35.10 🔴 Eveready: -8.4% to KES 1.67 🗒️ Notable point: — Foreigners were net sellers [net outflows of KES 86.58M]. https://t.co/I3dt4rgg9o https://t.co/RlnXlTClRq
Kenya's KCB Group's pretax profit falls 15% in 2023 https://t.co/IuI9fM5eZ8 https://t.co/k5zT8KPL30
Full-year profit at KCB falls 8%, as Kenya’s biggest bank saw operating costs surge by 61% https://t.co/laBdwlL0Wl
KCB got $115M from EIB and $95M from Proparco to fund growth: https://t.co/YlRPKdapub
Shared services between KCB Kenya and NBK yielded KES 4.5B in savings in the past 3 years: #KCBFY2023Results https://t.co/SjiQtDP7VP
Initial thoughts on $KR / $ACI — this will be one to follow over the next few months! https://t.co/gUWi8NAn7E
KCB up 10% so far today: https://t.co/yF57mV50IW https://t.co/5Nwnfs6EiB
KCB Group to sell its subsidiary National Bank of Kenya, report says https://t.co/g9DHVXDp3n https://t.co/UO8Q9oFUVH
Kakuzi [@Kakuzi_Plc] posts its FY 23 results: —Sales are up 21.8% to KES 5.4B —Pre-Tax Profits are down 45.6% to KES 663.9M —After-Tax Profits are down 46.4% to KES 453.5M —DPS is KES 24 per share, unchanged from FY 22 https://t.co/7WzNW972zb https://t.co/1Av0neu8UJ