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Discuss Kenya Commercial Bank Ltd• KCB Shares Phillip Mutsvagiwa • April 2008 (2 replies)
• KCB Prices and demand Nairobian • August 2007 (4 replies)
• KCB Shares Vs Dividends Eddie • March 2007 (2 replies)
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0.50
0.25Segment: Main Investment Market
Sector: Finance And Investment
Brief Company Profile
Kencom House Moi Avenue P.O. Box 48400 Nairobi, Kenya +254-20-3270000 (Phone)
+254-2-216405 (Fax)
Company website:
http://www.kcbbankgroup.com/
News Releases | Financial Information | Corporate History/Profile | Executives | Employment Opportunities
Updated: Mon, December 22, 2008
Business Performance
The Kenya Commercial Bank (KCB) is currently shifting gear from a recovery phase to a growth and expansion phase. The latter phase involves the opening of seven new branches, the expansion of the ATM network from 84 to 116 and the re-branding of its mortgage subsidiary — Savings & Loan. In addition, the bank is in the process of turning round the Tanzanian subsidiary while at the same time venturing into Southern Sudan. In May, this year the bank opened a branch in Southern Sudan. However, the Southern Sudan venture is heavily dependent on the prospects of the NGO sector in Southern Sudan.
At the end of the 2005 financial year, KCB's customer deposits grew by 15% to KES 64.20 Billion while loans and advances have been, more or less, maintained at their 2004 levels being at KES 36.00 Billion as the bank opted to transfer a greater portion of its funds towards investment in Government securities. Both net interest income and profit before tax have risen considerably in 2005, being at KES 5.13 Billion and KES 1.95 Billion respectively compared to the previous year's levels of KES 3.80 Billion and KES 920.00 Million. The bank's non-performing loans have declined as reflected by the improvement of the ratio of total non-performing loans (NPLs) to total loans from 35.8% in December 2004 to 24.3% in 2005. The bank's capital adequacy, as measured by total capital to total risk weighted assets, has improved from 16.66% to 18.38% in 2005, which gives KCB sufficient leeway for loan expansion.
The upward momentum in profitability has been maintained in 2006 with the third quarter profit before tax rising by 77% to KES 2.26 Billion. Customer deposits were also up by 16% to KES 71.80 Billion while advances improved by 14.7% to KES 41.30 Billion while NPLs were stable at 21.7%.
Future Prospects
With the generally upbeat regional economic outlook and the improvement in its quality of lending, the bank is well placed to continue on the path of improved performance through organic growth.
Updated: Tue, November 7, 2006
• Impala Defeat KCB to Retain Floodlit Title (08 Feb 2010)
Impala Rugby Football Club retained the Resolution Health Impala Floodlit rugby tournament title with a breathtaking Kelvin Omiyo try in a thrilling final at Ngong Road on Saturday night.
• 'Flash' Strikes Again in Eldoret (08 Feb 2010)
As predicted, Group 'N' cars had an edge over the four wheel drives as Kenya National Rally Championship title holder Carl "Flash" Tundo edged out his fierce rival Ian Duncan in Eldoret's KCB Biashara Banking Rally, the first round of the season, on...
• Bank Asks Judge to Step Aside (05 Feb 2010)
KCB Group wants a judge to disqualify himself from hearing a dispute between the bank and the Kenya Planters' Cooperative Union (KPCU).
• Stage Set for Season's Opening KCB Rally (05 Feb 2010)
High altitude, technical changes and a wet surface will count as over 40 drivers and crews roll into Eldoret for the first race of the new season's Kenya National Rally Championship series on Sunday.
• Car Track Renews Rally Car Safety and Monitoring Deal (02 Feb 2010)
Car Track have renewed their sponsorship and support to the KCB Kenya National Rally Championship series for the second year running with the hope of integrating technology and safety of rally crews.
• Tundo First Off the Ramp as KCB Biashara Duel Revs Off (02 Feb 2010)
The gloves are off as the Kenya National Rally Championship revs off the podium in Eldoret on Saturday with the KCB Biashara Banking rally.
• Kenyan Team to Leave After Regional Duel (29 Jan 2010)
Kenya's team for this year's Sunshine Tour which was due to leave this weekend for South Africa to feature in the "Summer Swing" events of the 2010 Tour, will now leave after the first leg of the KCB East African Golf Tour at Thika Sports Club between...
• KCB Releases Sh30 Million for New Rally Season (27 Jan 2010)
Rally organisers on Wednesday received Sh30 million sponsorship from Kenya Commercial Bank (KCB) ahead of this year's Kenya National Rally Championship series.
• KCB to Sponsor Regional Golf Tour (26 Jan 2010)
At long last, a Sunshine Tour professional golf tournament will be held in Kenya in August, courtesy of Kenya Commercial Bank.
• Chemweno It is as an Upstart Fells Big Names (18 Jan 2010)
World cross country sensation Gladys Chemweno beat a quality field to win the women's senior race at the sixth leg of the Kenya Commercial Bank and Athletics Kenya series at the Eldoret Polytechnic on Saturday.
• Big Show is on in Eldoret (15 Jan 2010)
More than 2,000 local and elite runners are expected at the sixth leg of the Kenya Commercial Bank and Athletics Kenya Cross-country series in Eldoret today.
• Mt Elgon It is as Poland Ticket Battle Intensifies (08 Jan 2010)
The battle for the Sh1 million Athletics Kenya jackpot will help raise the tempo as athletes descend on Kapsokwony High School on Saturday for the sixth of the seven-leg KCB cross country weekend circuit meetings.
• KPCU Abusing Court Process, Says KCB (07 Jan 2010)
The Kenya Planters Co-operative Union has been accused of abusing the court process, as the battle for the control of the giant miller's assets intensified on Thursday.
• AK Fetes Mt Elgon Greats With KCB Race (06 Jan 2010)
The seventh leg of the Kenya Commercial Bank (KCB) Cross Country series is a recognition of the Mt Elgon contribution to Kenya's rich athletics history, Athletics Kenya Western Branch chairman Henry Alukhaba, said on Wednesday.
• KCB Eyes Housing Market (06 Jan 2010)
Kenya Commercial Bank is eyeing the increasing housing demand in East Africa, to grow its business.
• Battle for Ak's Million Hots Up (18 Dec 2009)
World 10,000m champion Linet Masai, Mercy Cherono and Moses Masai will lead a group of elite runners expected at Saturday's fifth round of the KCB national cross-country weekend meeting at the Kisii Golf Course.
• KCB-Uganda Donates to Child Health (18 Dec 2009)
THE Kenya Commercial Bank (KCB) has donated equipment worth sh3.1m to a child health rehabilitation unit in Mukono to help set up a new orthopaedic workshop.
• Lions Sharpen Claws to Sink Dockworkers (07 Dec 2009)
Champions KCB Lions and KPA men and women's teams open the defence of their league titles with Game One of the best-of-three series play-offs finals at the KPA Makande gymnasium in Mombasa on Saturday.
• Lions Look to Finish Off ICC (30 Nov 2009)
Champions Kenya Commercial Bank Lions start as favourites against International Christian Centre in one of the six second games of semi-finals on the card in Kakamega, Nairobi and Mombasa this weekend.
• Mwamba, Nakuru Cruise At Prinsloo Sevens (30 Nov 2009)
Champions Mwamba and hosts Nakuru led big wigs into to the main cup quarterfinals of the Prinsloo Sevens at Nakuru Athletics Club on Saturday. However, it's Kenya Commercial Bank (KCB), who produced the most exquisite display to top the ranking after...
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