Earnings Report /
Kenya

Kenya Commercial Bank: H1 21 – Low cost of risk and better efficiency boost performance; reiterate Buy

  • Strong performance on both cost of risk and cost/income ratio coming in lower

  • The bank's non-interest revenue performance was not impressive, but we see it as a temporary headwind

  • We retain our Buy recommendation as the share price still has upside

Faith Mwangi
Faith Mwangi

Equity Research Analyst, Financials (East Africa)

Tellimer Research
20 August 2021
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