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Reports For KCB Group Ltd

Kestrel Company Reports


Date Title Action
March 2024 KCB SALE OF NATIONAL BANK OF KENYA: GOOD CALL, AVOIDS CONTINUED VALUE DESTRUCTION & ALLOWS MANAGEMENT TO REFOCUS View
May 2021 KENYA BANKING SECTOR: EQUITY COMMANDS GREATER RE-RATING POTENTIAL THAN KCB View
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
Sep 2013 Recommendation: BUY View
Jun 2012 Recommendation: STRONG BUY View
Apr 2011 Recommendation: STRONG BUY View
Sep 2010 Recommendation: LONG TERM BUY View
Jun 2010 Recommendation: LONG TERM BUY View
Mar 2010 Recommendation: LONG TERM BUY View
Dec 2009 Recommendation: LONG TERM BUY View
Jun 2008 Recommendation: BUY View
Nov 2007 Recommendation: Accumulate View

Kestrel Special Reports


Date Title Action
Apr-2019 KCB - NBK Takeover - Initial estimates suggest KCB may be paying up for NBK View
Jun 2017 KCB Group: Brief Analysis of the Potential Acquisition of National Bank Kenya View
May 2016 KCB Group Recommendation: Take up Scrip Dividend View

Quarterly Results Notes


Date Title Action
Mar-2021 KCB FY20 Results - Above expectations, helped by lower than anticipated tax View
Nov-2020 KCB 3Q20 Results - EPS KES 2.36, -40.4% y/y. Below expectations. View
May-2020 KCB 1Q20 Financial Results View
Nov-2019 KCB 3Q19 Results - Above expectations, but we have concerns on NPL guidance. View
May-2018 KCB 1Q18 - weaker than anticipated operating performance offset by lower expenses View
May 2017 KCB Group 1Q17 Results - Above expectations View
Dec 2016 KCB Bank 9M16 Results Note View
Apr 2007 1Q07 - Recommendation: LONG TERM BUY View

Full Year Results Notes


Date Title Action
Mar 2017 KCB Group - Post Rate Cap Financial Performance View
Mar 2016 KCB Bank FY15 Results Note View
Feb 2015 FY14 Results Note - Above estimates View

Half Year Results Notes


Date Title Action
Aug 2018 KCB 1H18 Results - Above Expectations View
Aug 2016 KCB 1H16 Results Note View

Earnings Estimates


Date Title Action
Mar 2017 KCB FY16 Results Expectations View
Feb 2015 FY14 Earnings Estimates View

Conference Calls


Date Title Action
Nov-2020 KCB 3Q20 Investor Call Transcript View
May-2020 KCB 1Q20 Call Transcript View
Mar-2020 KCB Bank - FY19 Conference Call Transcript View
Nov-2019 KCB 3Q19 Conference Call Transcript View
Mar-2019 KCB FY18 Conference Call Transcript View
Nov-2018 KCB 3Q18 Conference Call Transcript View
Aug 2018 KCB 1H18 Conference Call Transcript View
Aug 2018 KCB 1H18 Results + Conference Call Registration View
May 2018 KCB 1Q18 Conference Call Transcript View
May 2018 KCB Group 1Q18 Results + Conference Call Registration View
Mar 2018 KCB FY17 Conference Call Transcript View
Mar 2018 KCB FY17 Results Investor Conference Call Dial In Details View
Nov 2017 KCB Group - 3Q17 Conference Call Transcript View
Aug 2017 KCB 1H17 Conference Call Transcript View
Jul 2017 Invitation KCB H1 2017 Financial Performance conference call View
May 2017 KCB 1Q17 Conference Call Transcript View
Mar 2017 KCB FY16 Conference Call Transcript View
Aug 2016 KCB 1H16 Conference Call Transcript View
May 2016 KCB 1Q16 Conference Call Transcript View
Feb 2015 KCB FY14 Conference Call Transcript View
Jan 2015 KCB 2015 Forward Guidance Conference Call Transcript View

Sector reports


Date Title Action
Jan 2019 KENYA BANKING SECTOR: BUY (24.0% Upside) View
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
Oct 2008 Kenya Banking Sector: Recommendation BUY View

Financial Results


Date Title Action
March 2025 KCB 2024 Full Year Results View
November 2024 KCB 3Q24 EPS grows 48.9% y/y - Ahead of our Estimates View
August 2023 KCB bank 1H23 EPS declines 20% y/y - Below Estimates View
March 2023 KCB bank FY22 EPS increases 19.5% y/y - Above our Expectations View
November 2022 KCB's 3Q22 EPS up 21.1% y/y - Above Expectations View
August 2022 KCB bank 1H22 EPS up 27.6% y/y - Above Expectations View
May 2022 KCB bank 1Q22 EPS up 53.4% y/y - Above Expectations View
March 2022 KCB bank FY21 EPS up 74.4% y/y - Ahead of Expectations View
November 2021 KCB 3Q21 EPS +119.5% y/y - Above Expectations View
August 2021 KCB bank 1H21 EPS grows 59.7% y/y - Above Expectations View
May 2021 KCB bank 1Q21 EPS grows 1.0% y/y, Marginally Ahead of Estimates View
Aug-2020 KCB 1H20 Results - EPS KES 2.36, -40.4% y/y. Below expectations. View
Mar 2020 KCB Bank FY19 EPS +3.6% y/y - marginally below expectations View
August 2019 KCB 1H19 results - Above Expectations View
May 2019 KCB bank 1Q19 Financial Results View
Mar 2019 KCB Bank EPS up 21.8% y/y in FY18 View
Nov 2018 KCB Bank 3Q18 Results View
Jun 2018 KCB Unaudited Quarterly Financial Statements and Other Disclosures for the Period ended 30th June 2018 View
May 2018 KCB Bank 1Q18 Financial Results View
Dec 2017 KCB Audited Results and Other Disclosures for the year ended 31st December 2017 View
Nov-2017 KCB 3Q17 Results + Investor Presentation View
Jun 2017 KCB Unaudited Quarterly Financial Statements and Other Disclosures for the Period ended 30th June 2017 View
Mar 2017 KCB Unaudited Quarterly Financial Statements and Other Disclosures for the Period ended 31st March 2017 View
Dec 2016 KCB Audited Results and Other Disclosures for the year ended 31st December 2016 View
Sep 2016 KCB Unaudited Quarterly Financial Statements and Other Disclosures for the Period ended 30th September 2016 View
Jun 2016 KCB Unaudited Quarterly Financial Statements and Other Disclosures for the Period ended 30th June 2016 View
Mar 2016 KCB Unaudited Quarterly Financial Statements and Other Disclosures for the Period ended 31st March 2016 View
Dec 2015 KCB Audited Results and Other Disclosures for the year ended 31st December 2015 View
Sep 2015 KCB Unaudited Quarterly Financial Statements and Other Disclosures for the Period ended 30th September 2015 View
Jun 2015 KCB Unaudited Financial Statements and Other Disclosures for the Period ended 30th June 2015 View
Mar 2015 KCB Unaudited Quarterly Financial Statements and Other Disclosures for the Period ended 31st March 2015 View
Dec 2014 KCB Audited Results and Other Disclosures for the year ended 31st December 2014 View
Sep 2014 KCB Unaudited Quarterly Financial Statements and Other Disclosures for the Period ended 30th September 2014 View
Jun 2014 KCB Unaudited Quarterly Financial Statements and Other Disclosures for the Period ended 30th June 2014 View
Mar 2014 KCB Unaudited Quarterly Financial Statements and Other Disclosures for the Period ended 31st March 2014 View
Dec 2013 KCB Audited Results and Other Disclosures for the year ended 31st December 2013 View
Sep 2013 KCB Unaudited Quarterly Financial Statements and Other Disclosures for the Period ended 30th September 2013 View
Jun 2013 KCB Unaudited Quarterly Financial Statements and Other Disclosures for the Period ended 30th June 2013 View
Mar 2013 KCB Unaudited Quarterly Financial Statements and Other Disclosures for the Period ended 31st March 2013 View
Dec 2012 KCB Audited Results and Other Disclosures for the year ended 31st December 2012 View
Sep 2012 KCB Unaudited Quarterly Financial Statements and Other Disclosures for the Period ended 30th September 2012 View
Jun 2012 KCB Unaudited Financial Statements and Other Disclosures for the Period ended 30th June 2012 View
Mar 2012 KCB Unaudited Quarterly Financial Statements and Other Disclosures for the Period ended 31st March 2012 View
Dec 2011 KCB Audited Results and Other Disclosures for the year ended 31st December 2011 View
Jun 2011 KCB Unaudited Quarterly Financial Statements and Other Disclosures for the Period ended 30th June 2011 View
Mar 2011 KCB Unaudited Quarterly Financial Statements and Other Disclosures for the Period ended 31st March 2011 View
Dec 2010 KCB Audited Results and Other Disclosures for the year ended 31st December 2010 View
Sep 2010 KCB Unaudited Quarterly Financial Statements and Other Disclosures for the Period ended 30th September 2010 View
Jun 2010 KCB Unaudited Financial Statements and Other Disclosures for the Period ended 30th June 2010 View
Mar 2010 KCB Unaudited Quarterly Financial Statements and Other Disclosures for the Period ended 31st March 2010 View
Dec 2009 KCB Audited Results and Other Disclosures for the year ended 31st December 2009 View
Sep 2009 KCB Unaudited Quarterly Financial Statements and Other Disclosures for the Period ended 30th September 2009 View
Jun 2009 KCB Unaudited Quarterly Financial Statements and Other Disclosures for the Period ended 30th June 2009 View
Dec 2008 KCB Audited Results and Other Disclosures for the year ended 31st December 2008 View
Sep 2008 KCB Unaudited Quarterly Financial Statements and Other Disclosures for the Period ended 30th September 2008 View
Jun 2008 KCB Unaudited Quarterly Financial Statements and Other Disclosures for the Period ended 30th June 2008 View
Mar 2008 KCB Unaudited Quarterly Financial Statements and Other Disclosures for the Period ended 31st March 2008 View
Dec 2007 KCB Audited Results and Other Disclosures for the year ended 31st December 2007 View
Sep 2007 KCB Unaudited Quarterly Financial Statements and Other Disclosures for the Period ended 30th September 2007 View
Jun 2007 KCB Unaudited Quarterly Financial Statements and Other Disclosures for the Period ended 30th June 2007 View
Mar 2007 KCB Unaudited Quarterly Financial Statements and Other Disclosures for the Period ended 31st March 2007 View
Dec 2006 KCB Audited Results and Other Disclosures for the year ended 31st December 2006 View
Jun 2006 KCB Unaudited Quarterly Financial Statements and Other Disclosures for the Period ended 30th June 2006 View
Dec 2004 KCB Audited Results and Other Disclosures for the year ended 31st December 2004 View

Investor presentations


Date Title Action
March 2025 KCB Full Year 2024 Investor Presentation View
May 2024 KCB bank 1Q24 Investor Presentation View
November 2023 KCB bank 3Q23 Investor Presentation View
August 2023 KCB bank 1H23 Investor Presentation View
May 2023 KCB bank 1Q23 Investor Presentation View
March 2023 KCB bank FY22 Investor Presentation View
August 2022 KCB bank 1H22 Results Investor Presentation View
May 2022 KCB bank 1Q22 investor presentation View
March 2022 KCB bank FY21 Investor Presentation View
November 2021 KCB bank 3Q21 Results Investor Presentation View
August 2021 KCB bank 1H21 Investor Presentation View
June 2021 KCB bank 1Q21 Investor Presentation View
May 2021 KCB bank 1Q21 Investor Presentation View
Nov-2020 KCB 3Q20 Investor Presentation View
Aug-2020 KCB 1H20 Investor Presentation View
May-2020 KCB Bank 1Q20 Investor Presentation View
Mar-2020 KCB Bank FY19 Investor Presentation View
Nov-2019 KCB 3Q19 Investor Presentation View
May 2019 KCB bank 1Q19 Investor Presentation View
Mar 2019 KCB Bank FY18 Investor Briefing View
Nov-2018 KCB 3Q18 Investor Presentation View
Nov 2018 KCB Group 3Q18 Investor Presentation View
Aug 2018 KCB 1H18 Investor Presentation View
May 2018 KCB Bank 1Q18 Investor Presentation View
Mar 2018 KCB FY17 Results Investor Briefing View
Feb 2018 KCB - Kestrel Mini Conf Presentation View
Nov-2017 KCB 3Q17 Results - Investor Presentation View
Aug 2017 KCB 1H17 Results Investor Briefing View
Aug 2017 KCB 1H17 Results Investor Briefing View
May 2017 KCB 1Q17 Results Investor Briefing View
Mar 2017 KCB FY16 Results Investor Briefing View
Aug 2016 KCB 1H16 Results Investor Briefing View
May 2016 KCB 1Q16 Results Investor Briefing View
Feb 2016 KCB FY15 Results Investor Briefing View
Oct 2015 KCB 3Q15 Results Investor Briefing View
Aug 2015 KCB 1H15 Results Investor Briefing View
May 2015 KCB 1Q15 Results Investor Briefing View
Feb 2015 KCB FY14 Results Investor Briefing View
Oct 2014 KCB 3Q14 Results Investor Briefing View
Jul 2014 KCB 1H14 Results Investor Briefing View
May 2014 KCB 1Q14 Results Investor Briefing View
Nov 2013 KCB 3Q13 Results Investor Briefing View
Feb 2013 KCB FY12 Results Investor Briefing View
Mar 2012 KCB FY11 Results Investor Briefing View
Jul 2009 KCB 1H09 Results Investor Briefing View
Feb 2009 KCB FY08 Results Investor Briefing View
Feb 2008 KCB FY07 Results Investor Briefing View
Aug 2007 KCB 1H07 Results Investor Briefing View

Annual reports


Date Title Action
May 2024 KCB Group 2023 Annual Report View
May 2023 KCB bank 2022 Annual Report View
July 2022 KCB bank 2022 Annual Report View
September 2021 KCB bank 2020 Annual Report View
May 2021 KCB Group 2020 Annual Report View
May-2020 KCB 2019 Annual Report View
Jun-2019 National Bank of Kenya 2018 Annual Report View
May-2019 KCB Group FY18 Annual Report View
Apr 2018 KCB Group FY17 Annual Report View
Dec 2016 KCB Integrated Report & Financial Statements 2016 View
Dec 2015 KCB Integrated Report & Financial Statements 2015 View
Mar-2015 KCB FY14 Annual Report View
Dec 2013 KCB Integrated Report & Financial Statements 2013 View
Dec 2012 KCB Integrated Report & Financial Statements 2012 View
Dec 2011 KCB Integrated Report & Financial Statements 2011 View
Dec 2010 KCB Integrated Report & Financial Statements 2010 View
Dec 2009 KCB Integrated Report & Financial Statements 2009 View
Dec 2005 KCB Integrated Report & Financial Statements 2005 View

Circulars/Press Releases


Date Title Action
August 2022 KCB bank proposed acquisition of Trust Merchant Bank SA View
December 2021 Termination of proposed acquisition of African Banking Corporation Tanzania View
November 2020 KCB announces proposed acquisition of BPR Rwanda and ABC - Tanzania View
November 2020 KCB announces proposed acquisition of BPR Rwanda and ABC - Tanzania View
August 2019 Update on KCB-NBK Take-over View
Jun-2019 National Bank Interim Circular to Shareholders - 2018 View
May 2019 KCB - NBK Takeover (Shareholders' Circular) View
Jun 2018 KCB Group - Appointment of Non Executive Director View
May 2018 KCB Group - AGM Resolutions View
Apr 2018 KCB - Notice of the 47th AGM View
Feb 2018 KCB - Appointment of a Non Executive Director View
Feb 2018 KCB - Change in the Board of Director View
Sep 2017 KCB Group - Appointment of Non Executive Director View
Apr 2017 KCB Retirement of Non Executive Director View
Mar 2017 KCB Group Grows Pre-Tax Earnings by 10% to KShs. 29.1B View
Dec 2015 KCB Scrip Dividend Issue for the year ended 31 December 2015 View
Jul 2015 KCB Group Records 13% First Half Pre-Tax Profit to KShs. 13.2Bn View
Nov 2014 KCB Group posts 17% Rise in Pre-Tax Profit to KShs. 17.7 Billion View
Feb 2009 KCB Profits hit Kshs 6 Billion Mark View
Aug 2007 KCB Reports 40% Growth in Half Year Profits View