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Reports For The Co-operative Bank of Kenya Ltd

Kestrel Company Reports


Date Title Action
March 2021 KENYA BANKING SECTOR: HOLD, market pricing driven by an attainable 17% ROE by FY23 View
August 2020 KENYAN BANKING SECTOR OUTLOOK: SELL (27.4% downside): Higher cost of risk and lower NIMs weigh down on valuations View
Dec-2019 KENYA BANKING SECTOR: BUY (26.8% UPSIDE): KCB TOP PICK View
May 2015 Recommendation: BUY View
May 2015 Co-Operative Bank Limited-Company Update May 2015 View
Sep 2014 Recommendation: ACCUMULATE View
Jun 2013 Recommendation: BUY View
Nov 2011 Recommendation: ACCUMULATE View
Aug 2010 Recommendation: ACCUMULATE View
Dec 2009 Recommendation: BUY View
Nov 2008 IPO Research - Recommendation: LONG TERM BUY View

Quarterly Results Notes


Date Title Action
November 2021 Co-op bank 3Q21 results: EPS +18.6% y/y - Above Expectations View
May-2021 Co-op 1Q21 Results - Below expectations on increased CoR View
Mar-2021 Co-op Bank FY20 Results – Marginally below expectations driven by higher provisions. View
Nov-2020 Co-op 3Q20 Results - EPS -10.7% y/y (above expectations) View
May-2018 Coop Bank 1Q18 - NPL increase a concern View
May 2017 Co-Op Bank Kenya 1Q17 Results - Above Expectations View
Dec 2016 Co-op Bank 9M16 Results Note View
Apr 2015 1Q15 Results Note-In Line With Estimates View

Full Year Results Notes


Date Title Action
Mar 2017 Co-op FY16 Results Note View
Mar 2017 Co-op Bank - Post Interest Rate Cap Financial Performance View
Mar 2016 Co-Op Bank Kenya FY15 Results - In Line With Expectations View
Mar 2015 FY14 Results Note-In Line With Estimates View

Half Year Results Notes


Date Title Action
Aug-2019 Co-op Bank 1H19 Results View
Aug 2018 Coop 1H18 Results Note View
Aug 2016 CO-OP BANK 1H16 RESULTS NOTE View

Earnings Estimates


Date Title Action
Mar 2015 FY14 Estimates and Forward Guidance View

Conference Calls


Date Title Action
June 2021 Co-op bank 1Q21 Results Call Transcript View
Aug-2020 Co-operative Bank 1H20 Conference Call Transcript View
May-2020 Co-operative Bank 1Q20 Conference Call Transcript View
Mar-2019 Co-op Bank FY18 Conference Call Transcript View
Nov-2018 Co-op Bank 3Q18 Conference Call Transcript View
Aug 2018 Co-op Bank 1H18 Conference Call Transcript View
Aug 2018 Co-operative Bank 1H18 Results + Conference Call Registration View
May 2018 Co-op 1Q18 Conference Call Transcript View
May 2018 Co-operative Bank 1Q18 Results + Conference Call Registration View
Mar 2018 Co-operative Bank FY17 Results Call Transcript View
Mar 2018 Co-operative Bank of Kenya FY17 Results - Conference Call Details View
Nov 2017 Co-op 3Q17 Conference Call Transcript View
Aug 2017 Co-op Bank 1H17 Conference Call Registration View
Mar 2017 Co-op Bank FY16 Conference Call Registration View
Aug 2016 Co-op 1H16 Conference Call Transcript View
May 2016 Co-op 1Q16 Conference Call Transcript View

Sector reports


Date Title Action
Jan 2019 KENYA BANKING SECTOR: BUY (24.0% Upside) View
May 2017 KENYA TIER 1 LOCAL BANKS - PROFITS TO FALL DUE TO THE INTEREST CAPS View
Feb 2017 Kenya Banks - BUY - 2017 ROE Forecasts And Sensitivities View
Aug 2016 Local Tier 1 Banks Update View

Financial Results


Date Title Action
November 2024 Co-op 3Q24 EPS increases 4.4% y/y - Above our Expectations View
May 2024 Co-op bank 1Q24 EPS up 7.7% y/y - Slightly Ahead of our Estimates View
November 2023 Co-op bank 3Q23 EPS grows 8.2% y/y - Ahead of our Expectations View
August 2023 Co-op bank 1H23 EPS grows 6.7% y/y - Ahead of our Expectations View
May 2023 Co-op bank 1Q23 EPS grew 5.1% y/y - Ahead of Estimates View
March 2023 Co-op bank FY22 EPS grows 30.5% y/y - In line with Expectations View
November 2022 Co-op bank 3Q22 EPS grows 47.0% y/y - Ahead of Estimates View
August 2022 Co-op bank 1H22 EPS up 54.8% - Above Expectations View
March 2022 Co-op bank FY21 EPS grows 44.2% y/y - Above Expectations View
August 2021 Co-op bank 1H21 EPS grows 2.4% y/y - In line with Expectations View
Aug-2020 Co-op 1H20 Results - EPS KES 1.23, -3.6% y/y - above expectations View
May-2020 Co-operative Bank 1Q20 Financials View
Mar 2020 Co-op Bank FY19 EPS +13.8% y/y (above expectations) View
Nov 2019 Co-op Bank 3Q19 EPS +5.7% y/y (marginally above expectations) View
May 2019 Co-op Bank 1Q19 Financial Results View
Mar 2019 Co-op Bank FY18 Results View
Nov 2018 Co-op Bank 3Q18 Results View
Jun 2018 Co-op Unaudited results for the period ended 30th June 2018 View
Mar 2018 Co-op Unaudited results for the period ended 31st March 2018 View
Dec 2017 Co-op Audited results for the period ended 31st December 2017 View
Sep 2017 Co-op Bank 3Q17 Unaudited Results and Conference Call Registration View
Jun 2017 Co-op Unaudited results for the period ended 30th June 2017 View
Mar 2017 Co-op Unaudited results for the period ended 31st March 2017 View
Dec 2016 Co-op Audited results for the period ended 31st December 2016 View
Sep 2016 Co-op Bank unaudited financial results for 3 months ending 30 September 2016 View
Sep 2016 Co-op Unaudited results for the period ended 30th September 2016 View
Jun 2016 Co-op Unaudited results for the period ended 30th June 2016 View
Mar 2016 Co-op Unaudited results for the period ended 31st March 2016 View
Dec 2015 Co-op Audited results for the period ended 31st December 2015 View
Sep 2015 Co-op Unaudited results for the period ended 30th September 2015 View
Jun 2015 Co-op Unaudited results for the period ended 30th June 2015 View
Dec 2014 Co-op Audited results for the period ended 31st December 2014 (Abridged) View
Dec 2014 Co-op Audited results for the period ended 31st December 2014 View
Sep 2014 Co-op Unaudited results for the period ended 30th September 2014 View
Jun 2014 Co-op Unaudited results for the period ended 30th June 2014 View
Mar 2014 Co-op Unaudited results for the period ended 31st March 2014 View
Dec 2013 Co-op Unaudited results for the period ended 31st December 2013 View
Dec 2013 Co-op Audited results for the period ended 31st December 2013 View
Sep 2013 Co-op Unaudited results for the period ended 30th September 2013 View
Jun 2013 Co-op Unaudited results for the period ended 30th June 2013 View
Mar 2013 Co-op Unaudited results for the period ended 31st March 2013 View
Dec 2012 Co-op Audited results for the period ended 31st December 2012 View
Sep 2012 Co-op Unaudited results for the period ended 30th September 2012 View
Jun 2012 Co-op Unaudited results for the period ended 30th June 2012 View
Jun 2012 Co-op Unaudited results for the period ended 30th June 2012 View
Mar 2012 Co-op Unaudited results for the period ended 31st March 2012 View
Dec 2011 Co-op Audited results for the period ended 31st December 2011 View
Sep 2011 Co-op Unaudited results for the period ended 30th September 2011 View
Jun 2011 Co-op Unaudited results for the period ended 30th June 2011 View
Mar 2011 Co-op Unaudited results for the period ended 31st March 2011 View
Dec 2010 Co-op Audited results for the period ended 31st December 2010 View
Sep 2010 Co-op Unaudited results for the period ended 30th September 2010 View
Jun 2010 Co-op Unaudited results for the period ended 30th June 2010 View
Mar 2010 Co-op Unaudited results for the period ended 31st March 2010 View
Dec 2009 Co-op Audited results for the period ended 31st December 2009 View
Sep 2009 Co-op Unaudited results for the period ended 3oth September 2009 View
Jun 2009 Co-op Unaudited results for the period ended 30th June 2009 View
Mar 2009 Co-op Unaudited results for the period ended 31st March 2009 View
Dec 2008 Co-op Audited results for the period ended 31st December 2008 View
Jun 2008 Co-op Audited results for the period ended 30 June 2008 View

Investor presentations


Date Title Action
March 2025 Co-op bank FY24 Investor Presentation View
November 2024 Co-op bank 3Q24 Investor Presentation View
August 2024 Co-op bank 1H24 Investor Presentation View
May 2024 Co-op bank 1Q24 Investor Presentation View
March 2024 Co-op bank FY23 Investor Presentation View
November 2023 Co-op bank 3Q23 Investor Briefing Presentation View
August 2023 Co-op bank 1H23 Investor Presentation View
May 2023 Co-op bank 1Q23 Investor Presentation View
November 2022 Co-op bank 3Q22 Investor Presentation View
August 2022 Co-op bank 1H22 Investor Presentation View
May Co-op bank 1Q22 - Investor Presentation View
March 2022 Co-operative bank FY21 Investor Presentation View
November 2021 Co-op bank 3Q21 Investor Presentation View
August 2021 Co-op bank 1H21 Investor Presentation View
May 2021 Co-op bank 1Q21 Investor Presentation View
Nov-2020 Co-operative Bank 3Q20 Investor Presentation View
Aug-2020 Co-operative Bank - 1H20 Investor Presentation View
May-2020 Co-operative Bank 1Q20 Investor Presentation View
Mar-2020 Co-op Bank FY19 Investor Presentation View
May-2019 Co-op Bank 1Q19 Investor Presenation View
Mar-2019 Co-op Bank FY18 Investor Presentation View
Nov-2018 Co-op 3Q18 Investor Presentation View
Aug 2018 Co-op Bank 1H18 Investor Presentation View
May 2018 Co-op 1Q18 Results Investor Briefing View
Mar 2018 Co-op FY17 Results Investor Presentation View
Nov 2017 Co-op Bank investor presentation for 3Q17 financial results View
Mar 2017 Co-op FY16 Results Investor Presentation View
Oct 2016 Co-op Bank investor presentation for 3Q16 financial results View
Aug 2016 Co-op 1H16 Results Investor Briefing View
May 2016 Co-op 1Q16 Results Investor Briefing View
Feb 2016 Co-op FY15 Results Investor Presentation View
Nov 2015 Co-op 3Q15 Results Investor Briefing View
Aug 2015 Co-op 1H15 Results Investor Briefing View
May 2015 Co-op 1Q15 Results Investor Briefing View
Jun 2013 Co-op FY2013 Strategic Focus View
Mar 2013 Co-op FY12 Results Investor Presentation View
Dec 2011 Co-op Investor Fact Book View
Jun 2009 Co-op 1H09 Results Investor Briefing View
Dec 2008 Co-op Information Memorandum IPO View

Annual reports


Date Title Action
May 2024 Co-op bank 2023 Annual Report View
May 2024 Co-op bank 2023 Annual Report View
May 2023 Co-op bank 2022 Annual Report View
May 2022 Co-op bank 2021 Annual Report View
September 2021 Co-op bank 2020 Annual Report View
Jul-2020 Co-operative Bank FY19 Annual Report View
May-2019 Co-op Bank 2018 Annual Report View
May-2018 Co-op Bank FY17 Annual Report View
Dec-2016 Co-operative Bank Annual Report - 2016 View
Dec 2015 Co-op Annual Report and Financial Statement 2015 View
Dec 2014 Co-op Annual Report and Financial Statement 2014 View
Dec 2013 Co-op Annual Report and Financial Statement 2013 View
Dec 2011 Co-op Annual Report and Financial Statement 2011 View
Dec 2010 Co-op Annual Report and Financial Statement 2010 View
Dec 2009 Co-op Annual Report and Financial Statement 2009 View
Dec 2008 Co-op Annual Report and Financial Statement 2008 View

Circulars/Press Releases


Date Title Action
May 2018 Co-op Notice of AGM View
Nov 2017 Co-op Bank Press Release for 3Q17 Results View
Sep 2017 Co-operative Bank - Appointment of Chairman View
Mar 2017 Co-op Bank 2016 Profit Rises by 15% to Ksh 17.7 Billion View
Aug 2016 Co-op Bank Half Year 2016 Profit Rises +19% to Kshs 10.45 Billion as Transformation Advances View
Dec 2015 Co-op Bank 2015 Profit Before Tax increases by 41% View
Apr 2015 The Co-operative Bank of Kenya Limited - Group Financial Results for the period ended 31st March 2015 View
Oct 2013 Co-op expands regionally into South Sudan View
May 2013 Co-op Quarter 1 profit before tax increases by 31% View
Apr 2013 Co-op Strategic Investment in Co-op Bank View