Afreximbank has over $450 million for investment, KCB received $115 million from EIB and $95 million from Proparco. KCB's full-year profit fell 8% with a 61% surge in operating costs. KCB's pretax profit dropped 15% in 2023. KCB skipped dividends for the first time in 21 years, with NPLs hitting KES 208.3 billion in FY 2023. Co-operative Bank Kenya saw various changes in shareholder ownership stakes. Safaricom and KCB experienced price fluctuations in the market. UBA Kenya signed a $6 billion deal with the African Continental Free Trade Agreement to support SMEs and entrepreneurs.
Of the 5 listed banks that have reported so far, only KCB has not paid dividends for FY 2023: https://t.co/YToQZPBTud
Co-operative Bank Kenya [@Coopbankenya] subsidiaries performed quite well in FY 2023 https://t.co/6ZnfdlcRJF https://t.co/ozmEjtnNI4
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
KCB's gross non-performing loans were up 29% to KES 208.3B, half due to customers not being paid by the government: [@BloombergAfrica] https://t.co/w9Pq1dQbii https://t.co/SAmMe2XsHa
Nairobi-based lender KCB’s efforts to clean up its loan book of legacy bad debt is being frustrated by government delays in paying suppliers and court injunctions slowing down the sale of collateral to recoup losses https://t.co/C0nfh1QvU5
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
Breaking: @UBA_KE has entered into a 6 billion dollar deal with the African Continental Free Trade Agreement to support & finance SMEs and entrepreneurs in Kenya & across Africa. This is some big news for businesses that need funding in Kenya. Kuna pesa. #UBASMEOpportunities
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
KCB NPLs hit KES 208.3B in FY 2023. The mortgage and corporate segments have the highest NPL ratios: https://t.co/b3dkGbqIqW
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
A day in the life of a KCB shareholder: https://t.co/Xea0gxjHqM
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
Afreximbank funds have over $450 mln for investment, say officials https://t.co/zSTL59CHM2 https://t.co/pSgOcItRa0