19th December 2018
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Company Data
 
Equity Group Holdings Ltd
http://www.equitybank.co.ke/
Par Value:                  0.50/-
Closing Price:           37.25
Total Shares Issued:          3702777020.00
Market Capitalization:        137,928,443,995
EPS:             5
PE:                 7.450
 

Kenyas lead microfinance model.

6 Month earnings through 30th June 2018 versus through 30th June 2017
H1 Loans and Advances [net] to customers 275.036697b versus 265.086161b +3.75%
H1 Total assets 542.016243b versus 504.944293b +7.341%
H1 Customer Deposits 393.685732b versus 362.788362b
H1 Total Interest Income 25.356195b versus 23.005192b
H1 Net Interest Income 19.582992b versus 17.942652b
H1 Non-Interest Income 13.175875b versus 12.976624b
H1 Total Operating Income 32.758867b versus 30.919276b
H1 Loan Loss Provision 787.392m versus 1.860344b -57.67%
H1 Staff Costs 5.226063b versus 5.158500b
H1 Total Operating Expenses 17.288152b versus 17.627060b -1.92%
H1 Profit before Tax 15.470715b versus 13.292216b +16.389%
H1 Profit after Tax 10.941384b versus 9.338685b
H1 EPS 2.90 versus 2.47 +17.408%

Download our Investor Presentation #EquityHYResults
https://bit.ly/2MfhhX3

Regional subsidiaries enhanced the Groups profitability, having grown their profitability by 62% to Kshs 2.8bn in the first half of 2018 #EquityHYResults
https://twitter.com/KeEquityBank/status/1029976230697861121

@KeEquityBank #EquityHYResults
https://twitter.com/KeEquityBank/status/1029972353038598146

All non Kenyan banking subsidiaries recorded double digit growth in profitability contributing to 18% of Groups PBT Dr. James Mwangi #EquityHYResults
https://twitter.com/KeEquityBank/status/1029965997510406145

The Groups deployment of funding was underpinned by investment in government securities which grew by 37% to reach Ksh 159bn up from Ksh 116bn Dr. James Mwangi #EquityHYResults
https://twitter.com/KeEquityBank/status/1029965226727403520

Conclusions

They have a muscled up Balance Sheet with plenty of Firepower.
These are Good results.
I like the regional Footprint which is gaining some meaningful traction.

FY Kenyan government securities held to maturity 128.001775b vs. 100.588954b +27.252%
FY Loans and advances to customers (net) 279.091669b vs. 266.068089b +4.895%
FY Total assets 524.465745b vs. 473.713133b +10.714%
FY Customer deposits 373.143247b vs. 337.198618b +10.660%
FY Borrowed funds 46.137632b vs. 45.770072b +0.803%
FY Total shareholders funds 93.142935b vs. 81.977096b +13.621%
FY Loans and advances interest income 33.830635b vs. 43.065889b -21.444%
FY Government securities interest income 13.393880b vs. 7.882239b +69.925%
FY Total interest income 48.410471b vs. 51.840604b -6.617%
FY Customer deposits expense [8.075892b] vs. [7.883466b] +2.441%
FY Other interest expenses [2.418697b] vs. [1.922526b] +25.808%
FY Total interest expenses [10.840862b] vs. [10.026712b] +8.120%
FY Net interest income 37.569609b vs. 41.813893b -10.150%
FY Fees and commissions income on loans and advances 5.914035b vs. 4.416234b +33.916%
FY Other fees and commissions income 13.365790b vs. 11.364858b +17.606%
FY FX trading income 4.110964b vs. 3.307113b +24.307%
FY Total non interest income 27.591699b vs. 22.218783b +24.182%
FY Total operating income 65.161308b vs. 64.032676b +1.763%
FY Loan loss provision [3.431331b] vs. [6.645641b] -48.367%
FY Staff costs [11.475853b] vs. [11.628908b] -1.316%
FY Other operating expenses [16.310153b] vs. [13.987251b] +16.607%
FY Total operating expenses [38.278885b] vs. [39.105794b] -2.115%
FY Profit/ [Loss] before tax and exceptional items 26.882423b vs. 24.926883b +7.845%
FY Profit/ [Loss] after tax and exceptional items 18.918051b vs. 16.602529b +13.947%
Basic and diluted EPS 5.00 vs. 4.38 +14.155%
Dividend per share 2.00 vs. 2.00
Total NPL and advances 15.442413b vs. 16.717199b -7.626%
Liquidity ratio 54.2% vs. 47.6% +6.600

Equity Bank FY17 Results via Kestrel Capital
NIMs stood at 8.5%, higher than our estimates of 8.2%.
Non interest income increased by 22.0% y/y to KES 27.6bn, marginally below our estimate of 27.9bn.
Staff costs were higher than expected at KES 11.5bn, down 1% y/y. Notably, other operating expenses were also slightly higher than expected, up 17% y/y to KES 16.3bn.
NPLs declined from 7.4% in 3Q17 to 6.3% in 4Q17 notable improvement especially if you look at the trend in NPLs going up even into Feb 2018.
As at the last price of KES 53.50, Equity Bank trades at a P/E of 12.2 and a P/B of 2.2. Notably, the ROE currently stands at 17.8%.
We believe Equity Bank is trading at fair valuations even assuming a reversal of interest rate caps.

@KeEquityBank Please find our Press release and detailed presentation here
Press Release: http://bit.ly/2pvcUc2

@KeEquityBank Investor Presentation:
http://bit.ly/2G2LGkl

We believe that the future of banking is predictive capability and this is where we have set our eyes as a Group Dr. Mwangi EquityFYResults2017 @KeEquityBank
https://twitter.com/KeEquityBank/status/976713983943233536

Equitel transaction volumes grew by 11% to Ksh 251.6mn from 227.4mn YoY Dr. Mwangi EquityFYResults2017
Equitel transaction value grew by 32% to Kshs 480.3bn up from Ksh 364.4bn in 2016 Dr. Mwangi EquityFYResults2017
Equity bank Uganda PBT grew by 88%, Rwanda by 76%, DRC by 55%, South Sudan by 107%, Finserve by 29% and EIB by 48%. EquityFYResults2017
Regional and business diversification resulted in a double digit growth across the subsidiaries with an increased contribution of PBT of 14% from 8% YoY EquityFYResults2017
Subsidiary contribution to PAT doubled to 14% from 7% EquityFYResults2017
NPLs at 6.3% vs Industry average of 10.6%. EquityFYResults2017


@RichTvAfrica 14% Growth in PAT (Group) EquityFYResults2017
https://twitter.com/RichTvAfrica/status/976704922526912512

Equity added one million customers in 2017. Total customers at 12.1 million EquityFYResults2017 @BharteshShah
https://twitter.com/bharteshshah/status/976702769779355649

96% of all transactions are outside the branch. EquityFYResults2017 @BharteshShah
https://twitter.com/bharteshshah/status/976699949818826752

Conclusions

The Pivot to GOK securities tapered the NPLs ratio by 430 basis points.
Subsidiary contribution is set to accelerate further, in my opinion.
They will probably move very quick once the caps are modified to liquefy what remains a Key Franchise of the bank.
These are in my view strong results which promise much,
2018 is promising and hence we are very optimistic this year Dr Mwangi EquityFYResults2017

H1 Investment securities 115.595812b vs. 73.032331b +58.280%
H1 Loans and advances to customers (net) 265.086161b vs. 269.032284b -1.467%
H1 Total assets 504.944293b vs. 444.436850b +13.614%
H1 Customer deposits 362.788342b vs. 319.230725b +13.645%
H1 Total Shareholders Funds 85.893664b vs. 75.404004b +13.911%
H1 Total interest income 23.005192b vs. 26.095743b -11.843%
H1 Total interest expenses [5.062540b] vs. [4.862984b] +4.104%
H1 Net interest income 17.942652b vs. 21.232759b -15.495%
H1 Other fees and commissions income 6.286849b vs. 5.244938b +19.865%
H1 Total Non interest income 12.976624b vs. 10.847924b +19.623%
H1 Total operating income 30.919276b vs. 32.080683b -3.620%
H1 Total operating expenses [17.627060b] vs. [17.850607b] -1.252%
H1 Profit/ [Loss] before tax and exceptional items 13.292216b vs. 14.230076b -6.591%
H1 Profit/ [Loss] after tax and exceptional items 9.361478b vs. 10.111308b -7.416%
Basic and diluted EPS 2.47 vs. 2.68 -7.836%
Gross NPL and Advances 20.363500b vs. 12.931302b +57.474%
Total NPL and Advances 17.495591b vs. 10.757755b +62.632%
Net NPL and Advances 9.694174b vs. 5.958126b +62.705%
Liquidity ratio 51.1% vs. 37.0% +14.100%

Regional Loan Growth
Kenya 222.4b vs. 207.5b -7%
DRC 19.6b vs. 15.6b +26%
Tanzania 16.6b vs. 14.6b +13%
Rwanda 11.1b vs. 7.4b +49%
Uganda 10.2b vs. 8.7b +17%
South Sudan 0.1b vs. 0.3b -65%

From @Twitter

Dr. James Mwangi releases the #EquityHYResults @Engage_BM
https://twitter.com/Engage_BM/status/899870014441967616

EquityHYResults Dr. Mwangi investment in GoK securities increased to 115.5 billion from 73 billion JohnGachiri
Intermediation has ceased to be the basis for our model because we have shifted to government paper. James Mwangi EquityH1Results
@KeEquityBank subsidiaries in Tanzania, Congo, Rwanda & Uganda now contributes 10% of the groups total profit up from 5%. EquityHYResults
The banking industry has become skewed. The Top 10 banks share 92% of profits. The small banks share 8%. James Mwangi EquityH1Results

Conclusions

Strong results in the context of the Pivot to Government Securities.
very bullish about the region.

FY Investment securities 100.588954b vs. 42.775489b +135.156%
FY Loans and advances to customers (net) 266.068089b vs. 269.892942b -1.417%
FY Total assets 473.713133b vs. 428.062514b +10.664%
FY Customer deposits 337.198618b vs. 302.168588b +11.593%
FY Total shareholders funds 81.977096b vs. 72.136415b +13.602%
FY Loans and advances interest 43.065889b vs. 37.909498b +13.602%
FY Total interest income 51.840604b vs. 43.454466b +19.299%
FY Customer deposits expense [7.883466b] vs. [6.898327b] +14.281%
FY Total interest expenses [10.026712b] vs. [9.330902b] +7.457%
FY Net interest income 41.813893b vs. 34.123565b +22.537%
FY Foreign exchange trading income 3.307113b vs. 2.946453b +12.240%
FY Total Non-Interest income 22.218783b vs. 21.939059b +1.275%
FY Total operating income 64.032676b vs. 56.062624b +14.216%
FY Loan loss provision [6.645641b] vs. [2.433181b] +173.126%
FY Total operating expenses [39.105794b] vs. [32.104935b] +21.806%
FY Profit [Loss] before tax and exceptional items 24.926883b vs. 23.957689b +4.045%
FY Profit [Loss] after tax and exceptional items 16.602529b vs. 17.327000b -4.181%
EPS 4.38 vs. 4.59 -4.575%
Dividend per share 2.00 vs. 2.00
Total NPL and Advances 16.717199b vs. 7.327662b +128.138%
Liquidity ratio 47.6% vs. 33.2% +14.400%

From the Twitter Feed EquityFY2016Results

bharteshshah KeEquityBank Equity Bank Kenya liquidity up to 48% from 29% in 2015. Very liquid balance sheet in a turbulent envr
bharteshshah KeEquityBank turbulent macro environment industry NPL at 10%+, reverse repo in Dec at 92B.
bharteshshah KeEquityBank Equity NPL at 6.8% vs industry at 11%
JohnGachiri EquityFY2016Results 17.5% return on infrastructure bond has no risk Dr. Mwangi
bharteshshah KeEquityBank if risk free rate (t bonds) yield more than the cap where is the incentive to price risk?
bharteshshah KeEquityBank EquityFY2016Results KE net loans down by 5% and govt paper up by 171%
mainakibui CBKKenya capping interest rates without capping inflation is creating chaos. equityfy2016results KeEquityBank fb
The operating environment for banks in 2016 was turbulent Dr. Mwangi #EquityFY2016Results
JohnGachiri EquityFY2016Results Total banking industry recorded a -2% growth in deposits but Equitys growth was 17%. Dr. Mwangi
KeEquityBank Equitel did 227mn transactions, Agency 62mn transactions, ATMs 24.8mn transactions, Branch 20.4mn transactions EquityFY2016Results

Conclusions

signalling strength in a sector that is facing unprecedented challenges

Loans and advances to customers (net) 269.032284b vs. 236.915137b +13.556%
Total assets 444.436850b vs. 400.993037b +10.834%
Customer deposits 319.230725b vs. 299.696865b +6.518%
Total shareholders funds 75.404004b vs. 64.996397b +16.013%
H1 Loans and advances income 22.744689b vs. 16.964392b +34.073%
H1 Total interest income 24.095743b vs. 19.266418b +25.066%
H1 Customer deposits expense [3.873219b] vs. [3.113287b] +24.409%
H1 Net interest income 21.232759b vs. 15.504370b +36.947%
H1 Other fees and commissions income 5.244938b vs. 4.864393b +7.823%
H1 Total Non Interest Income 10.847924b vs. 10.806126b +21.931%
H1 Total Operating Income 32.847924b vs. 26.310496b +21.931%
H1 Total operation expenses [17.850607b] vs. [14.215105b] +25.575%
Profit [loss] before tax and exceptional items 14.230076b vs. 12.095391b +17.649%
Profit [loss] after tax and exceptional items 10.111308b vs. 8.568217b +18.009%
EPS 2.68 vs. 1.16 +131.034%
Gross NPL and advances 12.931302b vs. 10.862262b +19.048%
Net NPL 5.958126b vs. 4.070263b +46.382%
Liquidity Ratio 37.0% vs. 31.0% +6.000%

Equity Bank Tweets

The loans disbursed through Equitel account for 82% of total loans disbursed by the bank #EquityHY2016Results
https://twitter.com/KeEquityBank/status/767599469655359488

We disbursed KES 20.8bn through our mobile channel Equitel with KES 5.6bn outstanding #EquityHY2016Results
https://twitter.com/KeEquityBank/status/767598604584452096

Kestrel Commentary

reported an 18% yy increase in pretax profit to 14.2bn due to higher net interest income (+37% yy). Loans and advances grew by 14% yy to KES 269.0bn against our forecast of KES 290.1bn. Excluding S. Sudan, the loan book grew 19% y/y. Deposits increased by 7% yy to KES 320.8bn against our forecast of KES 315.4bn. Excluding the impact of S. Sudan the deposits grew by 16% yy. Non interest income was flat at KES 10.8bn against our forecast of KES 10.5bn. Loan loss provisions grew by 182% to KES 1.9bn against our forecast of KES 1.6bn. The NPL ratio was 4.6% against our forecast of 3.9%. The slower decline was similar to that of other Tier 1 banks. A significant improvement is expected in 3Q16. NPL coverage, however, increased to 53.9%. Cost to income ratio improved to 49.6% from 51.4% against our forecast of 48.6%. S. Sudan largely disappointed. Pretax profits from S. Sudan are down 112% yy. Loan book declined by 91% yy and deposits declined by 69% yy. Please find attached the Companys statement. (Source Company, Kestrel Research)

Conclusions

strong results.

FY Investment securities 42.775489b vs. 48.369008b -11.564%%
FY Loans and advances to customers 269.892942b vs. 214.170424b +26.018%
FY Customer deposits 302.168588b vs. 245.383135b +23.142%
FY Loans and advances income 37.909498b vs. 30.999140b +22.292%
FY Customer deposit expense [6.898327b] vs. [4.666626b] +47.823%
FY Total interest expense [17.147978b] vs. [11.527020b] +48.763%
FY Net interest income 34.123565b vs. 29.174637b +16.963%
FY Other fees & commission income 11.147606b vs. 8.84154b +26.082%
FY Foreign exchange trading income 2.946453b vs. 2.344899b +25.654%
FY Total operating income 56.062624b vs. 47.648679b +17.658%
FY Staff costs [10.291398b] vs. [10.775752b] -4.495%
FY Other operating expenses [13.111215b] vs. [9.168403b] +43.004%
FY Profit before tax and exceptional items 23.957689b vs. 21.300196b +12.476%
FY Profit after tax and exceptional items 17.327000b vs. 17.151365b +1.024%
Gains [losses] from translating the financial statements of foreign operations [5.752592b] vs. 0.136631b
EPS 4.59 vs. 4.63 -0.864%
Dividend per share 2.00 vs. 1.80 +11.111%
Total Non performing loans and advances 7.327662b vs. 7.349608b -0.299%
Liquidity ratio 33.2% vs. 39.6% -6.400%

Conclusions

FY Other operating expenses [13.111215b] vs. [9.168403b] +43.004% crimped Earnings

Group Consolidated Earnings through 30th June 2015 versus through 30th June 2014
First Half Total Assets 400.993037b versus 302.915330b +32.37%
First Half Loans and Advances [Net] to Customers 236.815137b versus 186.513517b +26.96%
First Half total Interest Income 19.266418b versus 16.971022b +13.52%
First Half Total Interest Expenses 3.762048b versus 2.956384b +27.25%
First Half Net Interest Income 15.504370b versus 14.014638b
First Half Total Non Interest Income 10.806126b versus 8.318802b +29.90%
First Half Total Operating Income 26.310496b versus 22.333440b +17.8%
First Half Loan Loss Provision 684.895m versus 517.968m
First Half Other Operating Expenses 5.402157b versus 3.786435b +42.67%
First Half total Operating Expenses 14.215106b versus 11.615353b +22.38%
First Half Profit before Tax 12.095390b versus 10.718087b +12.85%
First Half Profit after Tax 8.568216b versus 7.660671b +11.846%

From The Equity Twitter Handle

@KeEquityBank Number of agents increased to 21,108 agents. 54% growth year on year Dr. James Mwangi #EquityQ22015
https://twitter.com/KeEquityBank/status/628443069470375936

@KeEquityBank An interesting trend that we are observing is people requesting for Eazzy loans via Equitel after banking hours Dr. Mwangi EquityQ22015
https://twitter.com/KeEquityBank/status/628442671187632128

@KeEquityBank Equity Investment Bank saw 461% growth PBT Dr. James Mwangi EquityQ22015
https://twitter.com/KeEquityBank/status/628440880643485696

Conclusions

They have evidently invested in this First Half and this is evidenced by the +42.67% Increase in Other Operating Expenses and a +22.38% increase in Total Operating Expenses.

Full Year Earnings through 31st December 2014 versus 31st December 2013
Full Year Group Assets 344.571649b versus 277.728818b +24.067%
Full Year Loans and Advances 214.170424b versus 171.363429b +24.9802%
Full Year Total Interest Income 35.366888b versus 31.889624b
Full Year Total Interest Expenses 6.192251b versus 5.399033b
Full Year net Interest Income 29.174637b versus 26.490591b
Full Year Total Non-Interest Income 18.474042b versus 15.370698b
Full Year Total operating Income 47.648679b versus 41.861289b
Full Year Loan Loss Provision 1.590863b versus 2.401942b
Full Year Staff Costs 10.775752b versus 9.024259b
Full Year Total Operating Expenses 26.348483b versus 22.710865b
Full Year Profit Before Tax before exceptional items 21.300196b versus 19.150424b
Gain on disposal of associate 1.063737b versus 0.00
Full Year Profit after tax and exceptional items 17.151368 versus 13.423784b +27.768%
Full Year Earnings Per share 4.63 versus 3.59 +28.96%
Full Year Dividend 1.80 versus 1.50 +20.00%

The groups performance was supported by strong underlying fundamentals, including a 24 percent growth in the balance sheet, Mwangi said.

Conclusions

Strong Earnings sweetened via a 1.063737b One Off Gain.

Group 1st Half 2014 Earnings through 30th June 2014
H1 Loans and Advances to Customers [Net] 186.513517b versus 150.477390b
H1 Total Assets 302.915330b versus 261.577670b
H1 Total Interest Income 16.971022b versus 15.712169b
H1 Total Interest Expenses 2.956384b versus 2.445385b
H1 Net Interest Income 14.014638b versus 13.266784b
H1 Total Non interest Income 8.318802b versus 6.975382b
H1 Total Operating Income 22.333440b versus 20.242166b
H1 Total Operating Expenses 11.615353b versus 11.391251b
H1 Profit Before Tax 10.718067b versus 8.850915b +21.095%
H1 Profit After Tax 7.660671b versus 6.307609b +21.451%

When you look at the loan book, it is very exciting, Mwangi said.
http://af.reuters.com/article/kenyaNews/idAFL6N0Q518U20140730

Equity, which also has operations in Uganda, Tanzania, Rwanda and South Sudan, said its assets grew to 302.92 billion shillings from 261.58 billion in the first six months of 2013.

Mwangi said that all the firms subsidiaries had broken even and together contributed 15 percent to the pretax profit.

The bank said its mobile banking business had also grown during the first half of the year, with 3.04 million customers as at the end of June 2014, from 2.78 million customers at the end of 2013.

Conclusions

Solid momentum propelling these results.

FY through 31st December 2013 versus through 31st December 2012
FY Total Assets 277.728818b versus 243.170458b
FY Loans and Advances net to Customers 171.363429b versus 135.692125b
Customer Deposits 194.620593b versus 165.812458b
FY Interest Income 31.889624b versus 30.847947b
FY Total Interest Expenses 5.399033b versus 6.883814b
FY Net Interest Income 26.490591b versus 23.964133b
FY Total Non-Interest Income 15.370697b versus 12.863346b
Total Operating Income 41.861288b versus 36.827479b
Staff Costs 9.024259b versus 7.145470b +26.293%
Total Operating Expenses 22.710866b versus 19.578805b
Full Year Profit Before Tax 19.150422b versus 17.248674b +11.025%
Full Year profit After Tax 13.277796b versus 12.080255b +9.9132%
FY EPS 3.59 versus 3.26 +10.122%
Final Dividend of 1.50 a share versus 1.25 +20.00%

Conclusions

On a PE of sub 9.00 its relatively inexpensive.

H1 Earnings through 30th June 2013 versus H1 through June 2012 H1 PBT 8.850915b versus 7.559540b +17.082% H1 PAT 6.307609b versus 5.402833b +16.746%

FY Results through December 2012 versus FY through December 2011
Total Assets 243.170458b versus 196.293896b +23.88%
Loans and Advances to Customers [Net] 135.692125b versus 113.823792b +19.21244%
Total Interest Income 30.847947b versus 19.339570b
Total Interest Expenses 6.883814b versus 3.116533b
Net Interest Income 23.964133b versus 16.223036b
Total Non Interest Income 12.863346b versus 12.447008b
Total Operating Income 36.827479b versus 28.670045b +28.452%
Loan Loss Provision 1.608316b versus 1.629648b
Staff Costs 7.145470b versus 5.988598b +19.3179%
Total Operating Expenses 19.578805b versus 15.990902b +22.4371%
FY PBT 17.419407b versus 12.834019b +35.7283%
FY PAT 12.080255b versus 10.325157b +16.998%
FY EPS 3.26 versus 2.79 +16.845%
Final Dividend of 1.25 per share +25%

Conclusions

Strong FY Earnings where FY PAT expanded 16.998%.
The Dividend Increase of 25% and the Yield of 4.424% will support.
The PE is now 8.6656.
Dr Mwangi signalled a Strong Q4 at the Q3 Earnings Release where he said The fourth quarter promises to be much better on account of reduced interest rates, reduced inflation and stability in the exchange rate.



Q3 2012 versus Q3 2011
Loans and Advances Net to Customers 131.335156b versus 109.336657b +20.11996%
Total Assets 232.222461b versus 195.377240b
Customer Deposits 162.120318b versus 144.501820b
Total Interest Income 22.470444b versus 13.584541b
Net Interest Income 17.232422b versus 11.115318b
Total Non Interest Income 9.420487b versus 9.340678b
Total Operating Income 26.683109b versus 20.455896b +30.4421%
Total Operating Expenses 14.957555b versus 11.466694b +30.443%
Q3 PBT 11.695554b versus 8.989202b +30.1066%
Q3 PAT 8.300635b versus 7.292920b +13.81771%

The fourth quarter promises to be much better on account of reduced interest rates, reduced inflation and stability in the exchange rate, said James Mwangi, Chief Executive of Equity.

Conclusions

Increasing Loan Book +20.11996%
Profit Before Tax +30.1066%

FY 2011 versus FY 2010
Kenya Government Securities 22.616694b versus 8.633028b +161.978694%
Government Securities held for Dealing Purposes 7.594887b versus 22.577650b -66.361038%
Loans and Advances Net 113.82372b versus 78.301921b +45.365169%
Total Assets 196.293896b versus 143.018114b
Customer Deposits 140.446501b versus 104.430586b
Total Interest Income 19.339570b versus 13.775153b
Net Interest Income 16.223036b versus 11.713344b
Foreign Exchange 1.969830b versus 0.878079b +124.334029%
Non Interest Income 12.447008b versus 10.438626b
Total Operating Income 28.670045b versus 22.151970b
Loan Loss Provision 1.904578b versus 1.629648b
Total operating Expenses 15.990902b versus 13.201681b
Profit Before Tax PBT 12.834019B versus 9.044792b +41.89402%
PAT 10.325157b versus 7.131325b +44.785955%
EPS 2.79 versus 1.93 +44.559585%
Final Dividend 1.00 Shilling a Share versus 0.80 Last Time +25%

Conclusions

PAT H1 was +57.38% Q3 2011 was +42.284% and FY 2011 was +44.785955%.

Swot Analysis Q3 30.09. 2011 versus 30.06.2011 Group
Total Assets 195.3776b versus 136.584b
Government Securities 1.969214b versus 1.455993b
Total Income 20.455896b versus 16.506583b
PAT 7.29292b versus 5.125581b +42.284% versus +57.38% at the H1 2011 Release

Swot Analysis 6 months Results to 30th June 2011 versus 30th June 2010
Total Assets 171.352419b versus 122.499096b +39..88%
Total Interest Income 8.310553b versus 6.420483b
Net Interest Income 7.265865b versus 5.412720b
Total Operating Income 13.151039b versus 10.121691b
Loan Loss Provision 1.153687b versus 0.920457b
Total Operating Expenses 7.315396b versus 6.278050
PBT and Exceptional Items 5.835643b versus 3.843641b +51.825%
PAT and Exceptional Items 4.737625b versus 3.010396b +57.38%
Net Non Performing Loans 1.974635b versus 2.572865b

Conclusions

57.38% PAT H1 is plain muscular.

Full Year 2010 Compared to Full Year 2009 Swot Analysis
Total Assets 143.018b versus 100.811b
Total Non Interest Income 10.438626b versus 6.506103b
Profit and Loss After Tax 7.131325b versus 4.223988b +68.82%
EPS 1.93 versus 1.14
Dividend 0.80 per share

In the full year to December 2010, profit increased 69 percent to 7.13 billion shillings.
Average Price Over the last 5 Weeks
Average Price Over the last 5 Months
No. Of Shares Traded Over the last 5 Weeks
No. Of Shares Traded Over the last 5 Months
Market Capitalization Over the last 5 Weeks
Market Capitalization Over the last 5 Months
Data Source: Nairobi Stock Exchange
Trading Day: 18 Dec 2018
 
Downloads
 
  05-NOV-2018 ::  Unaudited Financial Statements
  Un audited Financial Statements & Other Disclosures for the Period Ended 30th September 2018.

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  21-SEP-2018 ::  Public Notice
  Appointment of Managing Director for Equity Bank Kenya Limited.

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  16-AUG-2018 ::  Half Year Results
  Results for the Period Ended 30th June 2018.

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  07-JUN-2018 ::  Public Announcement
  Retirement of Group Chairman and Appointment of Chairman Designate.

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  17-MAY-2018 ::  Quarterly Results
  Unaudited Quarterly Financial Statements & Other Disclosures for the Period Ended 31st March 2018

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  11-MAY-2018 ::  AGM Resolutions
  Annual General Meeting Resolutions.

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  11-APR-2018 ::  AGM Notice
  Notice of Annual General Meeting

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  22-MAR-2018 ::  Full Year Results
  Audited Financial Statements & Other Disclosures for the Year Ended 31st December 2017.

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