Potentash
  • Relationships
    • The Singlehood Series
    • Dating
    • Sex
    • Parenting
  • Lifestyle
    • Home
    • Food + Beverage
    • Fashion
    • Interviews
  • Stories
    • The Singlehood Series
    • Fiction
    • Poetry
  • Skin + Beauty
    • Skin
      • Skincare
    • Hair
      • Haircare
  • Wellness
    • Physical Health
    • Emotional Wellness
    • Mental Wellness
    • Social Wellness
    • Spiritual Wellness
  • Business
    • Business Finance
    • Personal Finance
    • Entrepreneurship
    • Investments
    • Personal Investments
  • Entertainment
    • Internet
    • Events
    • Music
    • Books
No Result
View All Result
  • Login
Potentash
  • Relationships
    • The Singlehood Series
    • Dating
    • Sex
    • Parenting
  • Lifestyle
    • Home
    • Food + Beverage
    • Fashion
    • Interviews
  • Stories
    • The Singlehood Series
    • Fiction
    • Poetry
  • Skin + Beauty
    • Skin
      • Skincare
    • Hair
      • Haircare
  • Wellness
    • Physical Health
    • Emotional Wellness
    • Mental Wellness
    • Social Wellness
    • Spiritual Wellness
  • Business
    • Business Finance
    • Personal Finance
    • Entrepreneurship
    • Investments
    • Personal Investments
  • Entertainment
    • Internet
    • Events
    • Music
    • Books
No Result
View All Result
  • Login
Potentash
No Result
View All Result
KCB Bank Group profits for 2014 up by 18.2%

KCB Bank Group profits for 2014 up by 18.2%

Rayhab Gachango by Rayhab Gachango
26 February 2015
in Business, News
Reading Time: 2 mins read
7 0
0
9
SHARES
48
VIEWS
FacebookTwitterWhatsApp

kcb

Today there was a briefing by KCB Group on their 2014 financial results. If you are a shareholder you will have something to smile about at the AGM. Some key figures below.

  • Profit Before Tax: Up 18.2% from KShs 20.1billion to KShs 23.8billion
  • Total Assets: Up 25.5% from KShs 390.9billion to KShs 490.3billion
  • Net Loans and Advances: Up 24.6% from KShs 227.7billion to KShs 283.7billion
  • Customer deposits: Up 23.4% from KShs 305.7billion to KShs 377.3billion
  • Shareholder Funds: Up 19.4% from KShs 63.4billion to KShs 74.9billion
  • Total Capital Ratio: At 21% compared with Regulatory Minimum of 14.5%
  • Long term debt funding: Up 65.0% from KShs 7.7billion to KShs 12.7billion
  • KCB Foundation 1% contribution rising from KShs 201mn to KShs 238mn

KBC Bank Group has posted an 18% increase in 2014 pre-tax profit financials. Great profits have been realized as customer numbers have grown from 2.5 million to 4.1 million in 2014 and double digit growth of KCB’s balance sheet. KCB’s net loans have increased by 24.5% to stand at 284 billion up from 228 billion in 2013.

The factors that have driven positive growth figures include enhancing financial inclusion to 10 million customers, building strategic partnerships with both businesses and government, increased micro lending to 3 million loans, increase in SME contributions to 20% of the loan book, affordable mortgage proposition and integrated product and services offerings like bancassurance, investment banking and brokerage services.

The partnership with Safaricom has enabled KCB to triple mobile transactions and they have also invested in their agency footprint to enhance digital payments. The idea is to increase reliability and capacity to over 25 million customers and also draw in new customers.

KCB is also working on putting together and funding infrastructure projects and renewable energy projects. They are taking opportunities to expand the economy and also expand the bank’s profit base.

Their loan portfolio includes personal loans at 36% followed by real estate at 16%. Agriculture, construction, manufacturing, trade and transport are also areas with significant percentages.

Regionally Kenya still provides the biggest chunk of business at 81.25% of business up from 80% in 2013. But Tanzania is the fastest growing business moving from 3.0% in 2013 to 3.5% in 2014. South Sudan has understandably gone down from 10.9% in 2013 to 8.6% in 2014. Uganda has also improved slightly going from 3% to 3.2%. Business in Rwanda and Burundi seems to have gone down in percentage. There are plans to expand the business to Eastern Congo, Ethiopia and Somalia.

Share4Tweet2SendShare1Pin1
Previous Post

The facts about #DigitalMigration

Next Post

Kenya to host first National Innovation Conference

Rayhab Gachango

Rayhab Gachango

Potentash Founder. A creative writer. The Managing Editor at Potentash. Passionate about telling African stories and stories about the inclusion of minorities. Find me at [email protected]. “We're all stories, in the end.” ― Steven Moffat

Next Post
Kenya to host first National Innovation Conference

Kenya to host first National Innovation Conference

Please login to join discussion

Recommended

6 Trendy Hairstyles You Should Try

6 Trendy Hairstyles You Should Try

3 October 2022
163
How Safaricom utilises TikTok

From Influencer Partnerships To Content Streaming: How Safaricom Is Using TikTok To Gain More Traction With Its Customers

15 September 2023
49

Popular Stories

  • The Singlehood Series: I’ve Been Secretly Seeing My Ex For Years

    The Singlehood Series: I’ve Been Secretly Seeing My Ex For Years

    81 shares
    Share 32 Tweet 20
  • Urban Farming: Here Is How To Grow Healthy Sukuma Wiki (Kale) And Spinach In Your Backyard

    7969 shares
    Share 3188 Tweet 1992
  • The Singlehood Series: I Found Out That She Was Still Married After Dating Her For A Year

    26 shares
    Share 10 Tweet 6
  • Musician Crystal Asige Lost Her Sight In Her Early 20s But She Has Not Let That Stop Her From Pursuing Her Dreams

    2320 shares
    Share 928 Tweet 580
  • He Wanted Children, She Didn’t Anymore. Can Love Survive When The Life You Imagined Crumbles?

    1 shares
    Share 0 Tweet 0

Potentash Blog

Potentash is an award-winning lifestyle blog. We publish lifestyle content that intersects with health, women, beauty, travel, business, relationships, finances and entertainment.

Explore

  • The Singlehood Series
  • From Stairs To Ramps
  • Man Around Nairobi
  • Pearls And Heels
  • Personal Finance
  • Food + Beverage
  • Editor’s Pick
  • Reviews

Get the Potentash Newsletter

  • Newsletter Archive
  • Subscribe
  • Frequently Asked Questions
  • Privacy Policy
  • Contact Us

Copyright © 2023. Potentash, In Partnership with Decima

Welcome Back!

Sign In with Linked In
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • Login
No Result
View All Result
  • Relationships
    • The Singlehood Series
    • Dating
    • Sex
    • Parenting
  • Lifestyle
    • Home
    • Food + Beverage
    • Fashion
    • Interviews
  • Stories
    • The Singlehood Series
    • Fiction
    • Poetry
  • Skin + Beauty
    • Skin
      • Skincare
    • Hair
      • Haircare
  • Wellness
    • Physical Health
    • Emotional Wellness
    • Mental Wellness
    • Social Wellness
    • Spiritual Wellness
  • Business
    • Business Finance
    • Personal Finance
    • Entrepreneurship
    • Investments
    • Personal Investments
  • Entertainment
    • Internet
    • Events
    • Music
    • Books

Copyright © 2023. Potentash, In Partnership with Decima