AIB-AXYS Africa

KCB posted a marginal 41bps y/y climb in after-tax profits (PAT) to KES 30.72Bn in the nine months to September 2023. Deposit growth soared by unprecedented margins on faster deposit mobilization across regional subsidiaries,. The counter is currentl...

NASI increased by 1.92% , NSE-10 increased by 1.89% , while the NSE-20 increased by 2.59% . Equity turnover increased by 17.78% to KES 0.52Bn from KES 0.44Bn. During the week, foreigners were net buyers recording net inflows of KES 18.04Mn .

T-bills were oversubscribed for a fourth week recording an overall decreased subscription rate of 115.11% from 208.32%. In the secondary market, the value of bonds traded increased by 18.48% to KES 13.95Bn from KES 11.78Bn . In the international mark...

Customer deposits grew 26.06% y/y to KES 353.31Bn faster than the 14.33% y/y growth in the loan book to KES 330.93Bn . Net interest income grew 25.99% to KES 29.32Bn faster than the 6.41% y/y increase in non funded income to KES 10.83Bn. ABSA is curr...

Equity Group posted a mild 5.32% y/y increase in profit after tax (PAT) to KES 36.20Bn by close of Q3’23. . Loan book grew by 25.52% to KES 845.92Bn faster than the 19.89% growth in the customer deposits to KES 1.21Tn. The trailing ROaE and ROaA dece...

COOP Group posted a 7.59% y/y climb in net earnings (PAT) to KES 18.39Bn by close of Q3’23. Loan Book growth of 12.80% to KES 378.08Bn paced faster than the 0.19% growth in Customer Deposits to KES 432.83Bn. Gross NPLs edged up 19.50% y/y to KES 61.9...

NASI increased by 1.74%, NSE-10 increased by 2.33%, while the NSE-20 increased by 3.66% . Equity turnover increased 44.89%. Bamburi Cement was the highest gainer while the loser was Nairobi Business Ventures. During the week, foreigners were net sell...

T-bills were oversubscribed for a third week recording an overall decreased subscription rate of 208.32% from 255.64%. In the secondary market, the value of bonds traded increased by 179.96% to KES 26.97Bn from KES 9.63Bn. In the international market...

Safaricom PLC HY’24 PAT declined 10.06% y/y to KES 27.19Bn. Revenues increased 7.29% y/y to KES 164.62Bn which included KES 2.89Bn in revenue from Safaricom Ethiopia. Earnings per Share (EPS) increased 12.50% to KES 0.90 from KES 0.80 in HY’23.

T-bills were oversubscribed for a second week recording an overall increased subscription rate of 255.64% from 102.82%. In the primary market IFB1/2023/6.5 was oversubscribed by recording a 177.80% subscription rate. In the secondary market, the valu...

Headline inflation during the quarter decreased to an average of 6.93% from 8.67% in Q3’22. Activity in the equities market in Q3’23 improved compared to the preceding quarter . In Q3’23, the Monetary Policy Committee maintained its aggressive moneta...

T-bills were undersubscribed recording an overall decreased subscription rate of 75.63% from 123.39%. In the primary market for the month of November the government is looking to raise KES 50.00Bn. In the secondary market, the value of bonds traded i...

T-bills were oversubscribed for a third week recording an overall decreased subscription rate of 123.39% from 180.15%. In the primary market for the month of November the government is looking to raise KES 50.00Bn for budgetary support. In the second...