mmnjug™ Profile picture
Mar 17 14 tweets 5 min read
.@KCBGroup recorded a historic 74% rise in profit after tax for the full year ending December 2021, riding on economic recovery across markets.

#KCBFY2021Results
Revenues up 13.5% to Kes108.6B
Net interest income up 15.0% to Kes77.7B
Non funded income up by 9.9% to Kes30.9B
Costs up by 11.9% to Kes47.8B from Kes42.8B
PAT up 74% to Kes34.2B from Kes19.6B
Revenue up 13.5% to KShs.108.6B

#KCBFY2021Results
Total Assets up 15.4% to Kes1.139T
Customer Loans up by 13.5% to Kes675.5B
Customer Deposits up 9.1% to Kes837.1B
NPLs up from 14.7% to 16.5%
Provisions reduced by 52% to close at Kes13.0B fro Kes27.2B
Core capital vs total risk-weighted assets closed at 18.0% against statutory minimum of 10.5%.
Total capital to risk-weighted assets ratio at 21.7% vs a regulatory 14.5% minimum.
.@KCBGroup Board of Directors recommended a final dividend of KShs 2.00 per share. This follows an interim dividend of KShs. 1.00 paid out in January this year.
.@KCBGroup successfully completed the acquisition of BPR on July 31, 2021 and has kicked off integration activities that will see the amalgamation of BPR and KCB Bank Rwanda into a single banking business.
PBT contribution from @KCBGroup businesses went up to 13.7% with a 2022 target of 20%
Overall lending to MSME up by 23% from Kes60B to Kes74B.
.@KCBGroup continued to pursue growth initiatives within its Beyond Banking Strategy (2020-2023) anchored on delivering the very best in customer experience, driving a digital future, and is optimistic of better prospects this year on the back of a projected EAC economic recovery
.@KCBGroup is focusing on putting its customers first with leading value propositions.
To support this MSME support approach, in December, the Bank revamped its MSME proposition across the markets with a Thematic Campaign dubbed #PartnerKwaGround to demonstrate the support KCB extends to MSMEs and position us as a Bank that supports the segment across all sectors.
.@KCBGroup received a series of global accolades, cementing its market leadership position. KCB Bank was in December named the Bank of the Year by the Banker Magazine on the back of its efficiency and cost reduction drive, as well as the continued success of its digital business.
.@KCBGroup was also feted as the Best Sustainable Bank in Kenya by the International Business Magazine for its efforts in driving and ensuring the adoption of sustainable and green financing initiatives.
.@KCBGroup has been at the forefront in championing the adoption of sustainable financial business models, specifically in areas such as responsible lending and green finance.
This keen focus on adopting sustainable business models has seen @KCBGroup being recognized as the “Most Valuable Banking Brand Kenya 2022” by Brand Finance.

#KCBFY2021Results

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More from @mmnjug

Mar 18
By yesterday afternoon, 2.22pm, the top trending re-tweet in Kenya was that of the social media bigwig @amerix, who had tweeted thus about the departed tycoon-farmer-and-politician Jackson Kibor of Uasin Gishu. - @NationAfrica Image
There is a reason @amerix, who has become (in)famous on social media for his perceived ‘anti-feminism,’ had capped the word ‘MAN’ throughout his tweet.
Jackson Kibor, 88, had become the unlikely male role model for many Kenyan men — from those half-to-quarter his age — so much so that he was a common social media meme, dispensing advice through implanted quotes (most on “how to deal with women”).
Read 10 tweets
Mar 17
The past 40 years in the Central African Republic (CAR) have been fitful. A UN peacekeeping, Minusca, has been around since 2014, holding a bandage to the country’s wounds. Among the 20 peacekeeping nations, three — Tanzania, Burundi and Rwanda — are East African. - @cobbo3
At the end of 2020 ahead of the elections, a rebel group the Coalition of Patriots for Change (CPC), the nth in a long chain, threatened President Faustin-Archange Touadera. He went ahead with the polls and won, and in mid-January 2021 they made a move to kick him out.
An encounter with the peacekeepers, and a bilateral battalion of the Rwandan army, which operates independently and came to Bangui after Toudera called for help as rebels were on the horizon, put paid to the insurgents’ ambitions.
Read 23 tweets
Mar 17
GoK will import 30 percent of cooking gas through the National Oil Corporation of Kenya in a move aimed at controlling the price of the commodity that has hit an all-time high. - @BD_Africa
The @NationalOilKE's quota is aimed at forcing cash-hungry private importers to lower the cost of LPG and ultimately retail prices following the review of regulations that reserve 30% of cooking gas imports to NOCK and carry out its role of influencing market prices.
.@NationalOilKE formed to stabilise and influence fuel prices, has largely been forced to follow the dictates of the market controlled by private players.
Read 22 tweets
Mar 17
.@KeEquityBank has won the Visa Top Acquiring Award as well as the Visa E-Commerce (Acquiring) Award during the #VisaAwards2021 ceremony. - @CapitalFMKenya
The two awards from Visa were issued to the Bank for leading in Visa acquired volumes, significantly growing its E-Commerce volumes, and leading in E-Commerce payment volumes.
.@KeEquityBank grew its acquiring business by double-digit to 53% percent YoY, which was attributed to the E-Commerce business, as its processed volume tripled compared to 2020.
Read 7 tweets
Mar 17
Mzee Jackson Kibor, a prominent businessman-cum-politician from Uasin Gishu county, is dead. He passed away on Wednesday at an Eldoret hospital where he had been receiving treatment. - @NationAfrica
Confirming the news, Mzee Kibor’s family said he had been battling illness since late 2020 and had been using medical oxygen ever since.
In 2017, Mzee Kibor made headlines after an Eldoret court allowed him to divorce his third wife, only months after divorcing his second wife with whom they had been married for over 50 years. He married a fourth wife soon after. His wife died in the 90s.
Read 4 tweets
Mar 16
The UN-backed @GlobalFund has revealed fresh rot at @Kemsa_Kenya after it found out that 908,000 mosquito nets, 1.1M condoms and tuberculosis drugs worth Sh10M had disappeared from its warehouse. - @BD_Africa
.@GlobalFund, which finances the fight against HIV/Aids, tuberculosis and malaria, has also raised the red flag over suspected fake suppliers demanding Sh1.66B from Kemsa.
The lost medicines are believed to have been stolen and resold on the black market and to private chemists, shining a spotlight once again on @Kemsa_Kenya over its graft record.
Read 23 tweets

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