KCB INVESTOR PRESENTATION Q317 GROUP FINANCIAL RESULTS NOVEMBER 2017 JOSHUA OIGARA GROUP CEO & MD LAWRENCE KIMATHI GROUP CFO
|
|
- Theresa Garrison
- 5 years ago
- Views:
Transcription
1 KCB INVESTOR PRESENTATION Q317 GROUP FINANCIAL RESULTS NOVEMBER 2017 JOSHUA OIGARA GROUP CEO & MD LAWRENCE KIMATHI GROUP CFO
2 Macro-Economic Highlights: Kenya GDP Anchored by Non-Agriculture GDP Growth Rate (%) 7.5% 7.1% 6.5% 6.3% 6.1% 5.9% 6.0% 6.2% 5.7% 5.8% 5.6% 5.7% 5.5% 5.3% 4.6% 6.8% 6.1% 6.1% 5.0% 4.7% 4.9% 5.3% 5.6% 5.8% 5.0% 4.1% 4.3% 4.0% 3.8% 1.4% 0.1% Q215 Q315 Q415 Q116 Q216 Q316 Q416 Q117 Q % Non Agriculture Real GDP Agriculture P Source: CBK 2
3 Macro-Economic Highlights: Kenya Inflation USD/KES Exchange Rate % 11.70% % 9.04% 9.21% 7.50% 6.99% 6.34% 6.35% 5.00% 2.50% 5.50% 3.70% 7.47% 4.50% 4.30% 3.90% 8.04% 7.06% 3.50% Interest Rate Evolution (%) Inflation rate Target Upper Target Lower Non Food Non Fuel Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 91 day T bill Average lending rates CBR Rate Sources: CBK, KNBS 3
4 Macro-Economic Highlights: Kenya Current Account Balance (% of GDP) -6.7% -5.2% -6.0% -6.2% -5.8% -10.4% Est Mar 17 Est May 17 FY17 (Forecast) 12 Month Private Sector Credit Growth 4.7% 4.6% 4.3% 4.2% 3.8% 3.3% 2.4% 2.1% 1.5% 1.4% 1.6% Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Source: CBK 4
5 Macro-Economic Highlights: Regional GDP (%) Uganda Tanzania Rwanda Burundi Ethiopia (2.1) (3.7) e 2017p (7.1) 6.1% 5.3% 3.1% 5.3% 1.8% Inflation 7.1% 7.9% 13.9% 8.1% 10.8% Tanzania Uganda Rwanda Burundi Ethiopia Q % 480.0% 52.8 % 362.0% South Sudan 91 Day T-Bills 20.0% 15.0% 15.0% 13.6% 14.0% 11.8% 11.1% 9.2% 9.8% 9.8% 9.2% 9.0% 8.8% 7.1% 7.0% 7.0% 7.6% 6.0% 6.2% 4.4% 4.0% 4.0% 3.0% Tanzania Uganda Rwanda Burundi South Sudan Q 2017 Q Sources: IMF, Bloomberg 5 Exchange Rates to USD (Period Average) Country FY 2016 Q Q Burundi 1,629 1,690 1,748 Uganda 3,484 3,598 3,638 Tanzania 2,186 2,231 2,239 Rwanda South Sudan Ethiopia* *Ethiopia Birr devalued by 15% in October 2017 to 26.91
6 DIGITAL CHANNEL PERFORMANCE
7 86% of Transactions outside the Branch Q Q Branch, 14% Branch, 20% ATM, 10% Mobile, 57% Agency, 14% Mobile, 52% ATM, 11% Agency, 12% POS, 5% POS, 5% Internet Banking, 0% Internet Banking, 0% Channel Revenue KShs M Channel Volumes KShs B Internet ATMs Agency POS Mobile Q3 16 Q3 17 Acquiring Agency banking ATMs Mobile Q3 16 Q3 17 Source: KCB data 7
8 Increased Activity on Mobile Mobile transactions (M) Mobile Loan Disbursement (KShs B) 35% Q3 16 Q3 17 Q3 16 Q3 17 KCB App Total transactions Source: KCB data 8
9 Increased Activity on Digital Channels Channels Activity 7.7 Evolution of Channel Activity % 50% Agency (Average Trns' per agent per day) Mobile (Average Trns' per active customer p.m) ATM (Average POS (Average Trns' Trns' per ATM p.m per POS per day) in '000's) Q3 16 Q3 17 5% Distribution of Agency transactions Others Bill Payment 1.9% 1.0% 1.4% 1.8% 15% Balance Enquiry School Fees 9.6% 9.0% 11.9% 13.4% 200% Cash Withdrawal Cash Deposit 17.1% 17.1% 58.2% 57.6% Branch ATM Agency POS Internet Banking Q3 16 Q3 17 Q3 16 Q3 17 9
10 OUR PERFORMANCE TO DATE
11 15% Total Assets growth driven by Net Loans & Advances KShs B 15% 644 Kenya Asset Portfolio % % % Q Q Q Q Net Loans and advances Investment in Govt. Securities Cash and Balances with Central Bank and other Financial Institutions Other Assets 11
12 Composition of the Loan book 31.9% 17.1% KCB Sept 2017 Industry Mar % 0.5% 2.3% 4.5% 3.0% 3.8% 3.4% 2.4% 4.8% 3.3% 5.8% 8.5% 9.1% 4.2% 10.8% 19.1% 11.2% 12.2% 16.0% 25.5% MINING & QUARRYING ENERGY & WATER AGRICULTURE TOURISM,RESTAURANT & HOTELS FINANCIALS TRANSPORT BUILDING & CONSTRUCTION TRADE MANUFACTURING REAL ESTATE PERSONAL *Gross Loans Kenya KES:B Sep-16 Retail Corporate Mortgage SME Sep-17 12
13 Asset Quality within guidance level 9.1% 9.1% 9.5% 9.9% 10.7% 6.8% 6.6% 8.3% 8.0% 7.9% 7.9% 8.0% 1.4% 1.3% 1.0% 1.0% 1.0% 1.0% 2015 Q Q H Q CoR NPL Group Industry NPL (Kenya) NPL Per sector Mining and Quarrying 20.78% 10.9% Trade 19.54% 14.5% 8.1% Transport and communication 16.60% Building and construction 23.9% 12.39% 10.01% 10.1% 10.2% 8.01% 7.8% 6.94% 6.3% 5.7% 4.07% 3.7% 7.3% 3.21% 1.20% 0.84% Manufacturing Agriculture Real estate Personal/Household Energy and water Financial Services Tourism, restaurants and hotels Industry Mar-17 KCB Sep 17 13
14 Stable Coverage Position 79.5% 76.0% 82.5% 75.4% 85.6% 69.5% 41.4% 45.6% 43.6% 50.8% 44.1% 46.5% 2015 Q Q H Q IFRS CBK 14
15 KShs B 77% of Funding from Deposits 15% Kenya Funding Portfolio 15% % % Q Q Q Q Deposits Bal. to banks and debt Equity Other Liabilities 15
16 Strong deposit mix 2% 5% 5% 6% 55% 46% 46% 45% 42% 49% 49% 49% 2015 Q Q Corporate Retail Other Deposits by Type Q3 16 4% Deposits by Type FY 16 5% Deposits by Type Q3 17 6% 28% 26% 23% 4% 64% 4% 65% 5% 66% Demand Savings Term Call 16
17 Adequate Headroom on Capital Ratios Group Core Capital to RWA Group Total Capital to RWA 15.7% 16.6% 18.40% 17.40% 16.9% 17.9% 19.70% 18.60% 14.5% 14.5% 14.50% 14.50% 10.5% 10.5% 10.50% 10.50% 2015 Q Q Q Q Min. Core/RWA Core Capital /RWA Min. Total/TWA Total Capital /RWA 17
18 Stable Balance Sheet supported by 16% growth in Deposits KShs Millions KCB Bank Kenya KCB GROUP Actual Q3-16 Actual Q3-17 Y-O-Y Change Actual Q3-16 Actual Q3-17 Y-O-Y Change Cash 6,535 6,119 (6%) 9,898 9,443 (5%) Balances with Central Bank 16,710 33,081 98% 16,710 33,081 98% Balances with other institutions 9,087 5,757 (37%) 38,611 42,280 10% Investments in Government & Other securities 89,104 90,447 2% 100, ,647 3% Net loans and advances* 332, ,994 16% 364, ,494 15% Fixed assets 9,032 9,205 2% 12,695 12,816 1% Other assets 17,477 21,740 24% 19,872 23,072 16% Total Assets 480, ,343 15% 562, ,833 14% Customer Deposits 372, ,095 17% 429, ,305 16% Balances due to other banks 4,935 6,915 40% 12,155 15,491 27% Other liabilities 8,835 9,913 12% 13,544 14,420 6% Long-term debt 14,733 11,877 (19%) 15,968 14,424 (10%) Total Liabilities 401, ,800 16% 470, ,640 15% Shareholders Equity 79,113 87,543 11% 91, ,193 13% Total Liabilities and Equity 480, ,343 15% 562, ,833 14% *Group Gross Loans: 433,910M 18
19 Resilient P&L performance KShs Millions KCB Bank Kenya KCB GROUP Actual Q3-16 Actual Q3-17 Y-O-Y Change Actual Q3-16 Actual Q3-17 Y-O-Y Change Interest Income 43,688 41,816 (4%) 48,496 46,764 (4%) Interest Expense (10,442) (9,135) 13% 12,447 11,091 11%) Net interest income 33,246 32,681 (2%) 36,049 35,673 (1%) Foreign exchange income 1,618 2,231 38% 3,530 3,632 3% Net fees and commissions 6,890 8,133 23% 8,949 11,231 26% Other income 1,908 1,879 (2%) 2,290 2,621 14% Total operating income 43,662 44,924 3% 50,818 53,157 5% Total operating expenses (18,977) (21,241) (12%) (22,044) (26,429) (20%) Net provisions for bad debts (2,977) (2,651) (3%) (3,400) (3,137) (8%) Profit Before Loss on Monetary Position 21,708 21,032 (3%) 25,374 23,592 (7%) Loss on Monetary Position - - (3,631) (1,174) 68% Profit before tax 21,708 21,032 (3%) 21,743 22,418 3% Tax 6,512 6,542-7,390 7,341 1% Profit after tax 15,196 14,490 (5%) 14,354 15,076 5% 19
20 Overview of Key Financial Ratios FY16 Q1 17 H1 17 KENYA GROUP 22.2% 20.3% 23.6% Return on Average Equity 24.1% 20.1% 47.6% 52.5% 47.4% Cost to Income 47.3% 51.9% 8.0% 7.9% 7.8% Gross NPL to Gross Loans 8.0% 8.0% 69.5% 79.6% 84.6% NPL Coverage 80.2% 85.6% 23.8% 23.3% 14.5% Debt to Equity 13.9% 14.0% 32.3% 35.0% 28.3% Non funded income to total income 27.8% 32.9% 3.3% 3.1% 2.8% Cost of funds 2.8% 2.9% 9.6% 7.9% 9.2% Net Interest Margin 9.5% 9.1% 1.0% 1.0% 0.9% Cost of risk 1.0% 1.0% 86.1% 86.6% 90.7% Loan to Deposit Ratio 91.5% 87.4% 11% 14% 19% Growth of Net Loans and Advances 16% 15% 6% 8% 16% Growth of Customer Deposits 17% 16% 20
21 Thank you. Investor Relations
KCB GROUP PLC INVESTOR PRESENTATION. FY17 FINANCIAL RESULTS
KCB GROUP PLC INVESTOR PRESENTATION. FY17 FINANCIAL RESULTS JOSHUA OIGARA GROUP CEO & MD LAWRENCE KIMATHI GROUP CFO KCB Group at a glance 6,483 staff 15.7M Customers 153,431 shareholders Market Capitalization
More informationKCB INVESTOR PRESENTATION FY2016 GROUP FINANCIAL RESULTS 9 MARCH 2017 JOSHUA OIGARA GROUP CEO & MD LAWRENCE KIMATHI GROUP CFO
KCB INVESTOR PRESENTATION FY2016 GROUP FINANCIAL RESULTS 9 MARCH 2017 JOSHUA OIGARA GROUP CEO & MD LAWRENCE KIMATHI GROUP CFO Macro-Economic Highlights: Kenya 6.1 4.6 GDP Growth rate (%) 5.7 5.6 5.3 6.0
More informationKCB GROUP PLC INVESTOR PRESENTATION. H FINANCIAL RESULTS
KCB GROUP PLC INVESTOR PRESENTATION. H1 2018 FINANCIAL RESULTS MACRO-ECONOMIC HIGHLIGHTS Macro-Economic Highlights Kenya GDP Growth Rate (%) 5.7% 5.3% 4.7% 4.7% 6.2% Kenya 5.2% 1.0% Q2 2017 Q3 2017 Q4
More informationWHAT DRIVES US. Customer perspective Market share Shared Value Brand position STRATEGY: TRANSFORMATIVE PARTNERSHIPS
FY 2018 RESULTS OUR STRATEGY WHO WE ARE Our Purpose Simplifying your world to enable your progress Our Promise Go Ahead Our Values Inspiring Simple Friendly WHAT DRIVES US Customer perspective Market share
More informationKCB INVESTOR AND MEDIA PRESENTATION 2012 FULL YEAR GROUP AUDITED FINANCIAL RESULTS
KCB INVESTOR AND MEDIA PRESENTATION 2012 FULL YEAR GROUP AUDITED FINANCIAL RESULTS 1 Outline 1. East Africa Macroeconomic View 2. The Bank at a Glance 3. 2012 full year KCB group Financial Results 4. Future
More informationInvestor Briefing & Q Performance. April 2016
Investor Briefing & Q1 2016 Performance April 2016 Presentation Outline 1. Macro-economic overview 2. Governance & leadership structure 3. Regional expansion and diversification 4. Digital bank 5. SME
More informationMONTHLY ECONOMIC INDICATORS
MONTHLY ECONOMIC INDICATORS SEPTEMBER 0 Table of Contents 1. INFLATION... 2 2. MONEY, CREDIT AND INTEREST RATES... 6 3. REAL SECTOR INDICATORS... 9 4. BALANCE OF PAYMENTS AND EXTERNAL SECTOR INDICATORS...
More informationWeekly Statistical Bulletin
1 / Central Bank of Kenya Statistical Bulletin Weekly Statistical Bulletin Key Monetary and Financial Indicators January July 6, 2018 22, 2018 Real GDP Growth Economic growth accelerated to 5.7 percent
More informationInvestor Briefing & H Performance Presentation Outline
Investor Briefing & Performance August Presentation Outline 1. Macro-economic overview 2. Governance & leadership structure 3. Regional expansion and diversification 4. Innovation & digital banking 5.
More informationInvestor Briefing & FY 2016 Performance. March 2017
Investor Briefing & FY Performance March 2017 Turbulent operating environment 2 Public confidence dented by failure of 3 commercial banks Significant variance in interbank rates reflect risk aversion in
More informationTHE CBK WEEKLY BULLETIN
December 30, 20 THE CBK WEEKLY BULLETIN Highlights for the Week Overall 12-month inflation eased from 19.7 percent in November 20 to 18.9 percent in December 20, while annual average inflation rose from
More informationJanuary 27, 2012 THE CBK WEEKLY BULLETIN
January 27, 2012 Highlights for the Week THE CBK WEEKLY BULLETIN The money market liquidity was tight during the week ending January 25, 2012. The Central Bank mopped Ksh 0.6 billion in the repo market
More informationTRENDS, DYNAMICS, AND CHALLENGES OF CAPITAL FLOWS TO FRONTIER MARKETS
HIGH-LEVEL CONFERENCE ON MANAGING CAPITAL FLOWS: LESSONS FROM EMERGING MARKETS FOR FRONTIER ECONOMIES MARCH 2, 2015, MAURITIUS TRENDS, DYNAMICS, AND CHALLENGES OF CAPITAL FLOWS TO FRONTIER MARKETS By Henry
More informationCBK Weekly Statistical Bulletin of Key Monetary and Financial Indicators
JANUARY 22, 2016 Highlights The money market was relatively liquid during the week ending January 20, 2016 supported by government payments, redemption of government securities and OMO maturities. The
More informationCBK Weekly Statistical Bulletin of Key Monetary and Financial Indicators
MARCH 17, 2017 Highlights The money market was relatively liquid during the week ending March 15, 2017, largely supported by net redemption of government securities. The average interbank rate declined
More informationSeptember 1, Inflation
1 / CBK Statistical Bulletin Central Bank of Kenya September 1, 2017 Overall inflation increased to 8.0 percent in August 2017 from 7.5 percent in July 2017, largely on account of increases in prices of
More informationPresentation to Chief Executive Officers of Commercial and Microfinance Banks Dr. Patrick Njoroge Governor, Central Bank of Kenya
Presentation to Chief Executive Officers of Commercial and Microfinance Banks Dr. Patrick Njoroge Governor, Central Bank of Kenya August 6, 2015 Outline 1. The Information basis for the MPC meeting 2.
More informationMONTHLY ECONOMIC INDICATORS
MONTHLY ECONOMIC INDICATORS JULY Table of Contents 1. INFLATION... 2 2. MONEY, CREDIT AND INTEREST RATES... 6 3. REAL SECTOR INDICATORS... 9 4. BALANCE OF PAYMENT AND EXTERNAL SECTOR INDICATORS... 10 5.
More informationMONTHLY ECONOMIC INDICATORS
MONTHLY ECONOMIC INDICATORS April 1 Monthly Economic Bulletin April Table of Contents 1. INFLATION...3 2. MONEY, CREDIT AND INTEREST RATES...7 3. REAL SECTOR INDICATORS...10 4. BALANCE OF PAYMENTS AND
More informationNIC Bank Group Analyst Breakfast 24 August 2015
NIC Bank Group Analyst Breakfast 24 August 2015 John Gachora Group Managing Director David Abwoga Director, Finance and Strategy Page 1 Agenda Who we are Macro-Economic Overview Our Strategy Financial
More informationKEY MONETARY AND FINANCIAL INDICATORS
January 04, 2019 KEY MONETARY AND FINANCIAL INDICATORS Inflation Overall inflation increased marginally to 5.7 percent in December 2018 from 5.6 percent in November, but remained within target, mainly
More informationKenya s Banking Sector: Is consolidation in the offing after the new regulations?
Kenya s Banking Sector: Is consolidation in the offing after the new regulations? Presentation by George Bodo Head of Banking Research, Ecobank Capital. October 10th, 2016. Villa Rosa Kempinsky, Nairobi
More informationFinancial results presentation Full year 2013
Financial results presentation Full year 2013 1 Contents Presentation of Speakers 2013 Operating Environment & Banking Industry CAL Bank Performance Highlights Income Statement Balance Sheet Share Price
More informationWeekly Statistical Bulletin
1 / Central Bank of Kenya Statistical Bulletin Weekly Statistical Bulletin Key Monetary and Financial Indicators January May 25, 2018 22, 2018 Interbank Market Activity in the interbank market was subdued
More informationTo be a World Class Modern Central Bank
1 Monthly Economic Bulletin June 2018 Table of Contents SYMBOLS... 3 DEFINITIONS... 4 1. INFLATION... 6 2. MONEY, CREDIT AND INTEREST RATES... 10 3. REAL SECTOR INDICATORS... 13 4. BALANCE OF PAYMENTS
More informationTo be a World Class Modern Central Bank
1 Monthly Economic Bulletin Table of Contents 1. INFLATION... 2 2. MONEY, CREDIT AND INTEREST RATES... 6 3. REAL SECTOR INDICATOR... 9 4. BALANCE OF PAYMENTS AND EXTERNAL SECTOR INDICATORS... 10 5. DEVELOPMENTS
More informationWeekly Statistical Bulletin
1 / Central Bank of Kenya Statistical Bulletin Weekly Statistical Bulletin Key Monetary and Financial Indicators January 22, 2018 September 28, 2018 Inflation Overall inflation rose to 5.7 percent in September
More informationMONTHLY ECONOMIC INDICATORS
MONTHLY ECONOMIC INDICATORS May 2018 1 Monthly Economic Bulletin May 2018 Table of Contents SYMBOLS... 3 DEFINITIONS... 4 1. INFLATION... 6 2. MONEY, CREDIT AND INTEREST RATES... 10 3. REAL SECTOR INDICATORS...
More informationMONTHLY ECONOMIC INDICATORS
To be a World Class Modern Central Bank MONTHLY ECONOMIC INDICATORS August 2018 1 Monthly Economic Bulletin August 2018 Table of Contents SYMBOLS... 3 DEFINITIONS... 4 1. INFLATION... 6 2. MONEY, CREDIT
More informationWeekly Statistical Bulletin
1 / Central Bank of Kenya Statistical Bulletin Weekly Statistical Bulletin Key Monetary and Financial Indicators January April 6, 2018 22, 2018 Highlights Inflation declined further to 4.2 percent in March
More informationZambia s Economic Outlook
Zambia s Economic Outlook F R A N C I S C H I P I M O D I R E C T O R E C O N O M I C S B A N K O F Z A M B I A Z A M B I A I N V E S T M E N T C O N F E R E N C E N O V E M B E R 4, 2 0 1 5 L O N D O
More informationStandard Bank Group : J' :ź? WN ī 5' :Tź :TJ' ī ' 'T 55i : 5 ':T J T ': : ' 5 N?5WT'?:N HJ?b' J Ąā 1W: ăāăĉ
Standard Bank Group OVERVIEW OF STANDARD BANK GROUP AFRICA IS OUR HOME, WE DRIVE HER GROWTH ON-THE-GROUND PRESENCE IN 2 SUB-SAHARAN COUNTRIES OFFICES IN SIX KEY CENTRES 1 216 Branches 9 173 ATMs South
More informationMPC MARKET PERCEPTIONS SURVEY - MARCH
MPC MARKET PERCEPTIONS SURVEY - MARCH 2018 1 CONTENTS BACKGROUND......4 SURVEY METHODOLOGY......4 HIGHLIGHTS OF THE SURVEY.........4 INFLATION EXPECTATIONS....5 EXCHANGE RATE EXPECTATIONS...6 PRIVATE SECTOR
More informationCost Estimation of a Manufacturing Company
Cost Estimation of a Manufacturing Company Name: Business: Date: Economics of One Unit: Manufacturing Company (Only complete if you are making a product, such as a bracelet or beauty product) Economics
More informationMPC MARKET PERCEPTIONS SURVEY - SEPTEMBER
MPC MARKET PERCEPTIONS SURVEY - SEPTEMBER 2018 1 CONTENTS BACKGROUND TO THE MARKET PERCEPTIONS SURVEYS...3 INTRODUCTION......4 SURVEY METHODOLOGY......4 HIGHLIGHTS OF THE SURVEY.......4 CURRENT ECONOMIC
More informationSelected Banking Sector Data: Sectorial Breakdown of Credit, epayment Channels and Staff Strength
Selected Banking Sector Data: Sectorial Breakdown of Credit, epayment Channels and Staff Strength (Q1 2018) Report Date: May 2018 Data Source: National Bureau of Statistics (NBS) Contents Executive Summary
More informationMACROECONOMIC POLICY DEPARTMENT MINISTRY OF FINANCE, PLANNING AND ECONOMIC DEVELOPMENT
PERFORMANCE OF THE ECONOMY REPORT OCTOBER 2018 MACROECONOMIC POLICY DEPARTMENT MINISTRY OF FINANCE, PLANNING AND ECONOMIC DEVELOPMENT www.finance.go.ug TABLE OF CONTENTS LIST OF TABLES... ii LIST OF FIGURES...
More informationQUARTERLY ECONOMIC REVIEW (QER)
QUARTERLY ECONOMIC REVIEW (QER) Volume 2 No 4 January - March 2018 OBJECTIVES OF THE CENTRAL BANK OF KENYA The principal objectives of the Central Bank of Kenya (CBK) as established in the CBK Act are:
More informationNairobi Securities Exchange. 6th June 2015
Nairobi Securities Exchange Kenya Diaspora Trade and Investment Conference Investment in Securities For The Kenyan Diaspora Geoffrey Odundo Chief Executive 6th June 2015 CONTENTS 1. About the NSE 2. Kenyan
More informationInterim results presentation 2017
Interim results presentation 2017 Contents Key indicators Operating environment What differentiates us Highlights Bank Save Credit Continued focus Key indicators Key indicators Earnings 4 000 3 500 3 000
More informationCommon stock prices 1. New York Stock Exchange indexes (Dec. 31,1965=50)2. Transportation. Utility 3. Finance
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 000 97 98 99 I90 9 9 9 9 9 9 97 98 99 970 97 97 ""..".'..'.."... 97 97 97 97 977 978 979 980 98 98 98 98 98 98 987 988
More information2018 Q1 results. Millicom International Cellular S.A. Kicking off 2018 with accelerating momentum
2018 Q1 results Kicking off 2018 with accelerating momentum Mauricio Ramos, CEO Tim Pennington, CFO April 25 th, 2018 Millicom International Cellular S.A. Disclaimer This presentation may contain certain
More informationPERFORMANCE OF ECONOMY REPORT December 2017
PERFORMANCE OF ECONOMY REPORT December 2017 MACROECONOMIC POLICY DEPARTMENT MINISTRY OF FINANCE PLANNING AND ECONOMIC DEVELOPMENT www.finance.go.ug TABLE OF CONTENTS LIST OF ACRONYMS... 3 HIGHLIGHTS...
More informationInvestor Briefing Q Performance. Date:17 th May, 2018
Investor Briefing 2018 Performance Date:17 th May, 2018 1 Equity Group Holdings Plc Headquarters Equity Centre, Upperhill, Nairobi 2 Equity Group s Philosophies Our Purpose We exist to transform the lives
More informationBANK OF UGANDA STATE OF THE UGANDAN ECONOMY DURING 2008/09. Research Function
BANK OF UGANDA STATE OF THE UGANDAN ECONOMY DURING 2008/09 Research Function Prepared for the meeting of the Board of Directors of the Bank of Uganda 0 Introduction This brief report reviews developments
More informationXML Publisher Balance Sheet Vision Operations (USA) Feb-02
Page:1 Apr-01 May-01 Jun-01 Jul-01 ASSETS Current Assets Cash and Short Term Investments 15,862,304 51,998,607 9,198,226 Accounts Receivable - Net of Allowance 2,560,786
More informationMPC MARKET PERCEPTIONS SURVEY - JULY
MPC MARKET PERCEPTIONS SURVEY - JULY 2018 1 CONTENTS BACKGROUND......4 SURVEY METHODOLOGY......4 HIGHLIGHTS OF THE SURVEY.........4 INFLATION EXPECTATIONS....5 EXCHANGE RATE EXPECTATIONS...6 PRIVATE SECTOR
More informationQuarterly Statistical Digest
Quarterly Statistical Digest August Volume 27, No. 3 The Statistical Digest is a quarterly publication of the Central Bank of The Bahamas, prepared by the Research Department for issue in February, May,
More informationInvestor Briefing & Q Performance
Investor Briefing & Q1 2017 Performance 1 Equity Group Holdings Limited Headquarters Equity Centre, Upperhill, Nairobi Equity Bank s repositioning to avoid the economic turbulence and to exploit the silver
More informationCBK Weekly Statistical Bulletin of Key Monetary and Financial Indicators
JANUARY 13, 2017 Highlights The money market was relatively tight during the week ending January 11, 2017. The average interbank rate was stable at 7.54 percent in the week ending January 11, 2017 compared
More informationDevelopment of Economy and Financial Markets of Kazakhstan
Development of Economy and Financial Markets of Kazakhstan National Bank of Kazakhstan Macroeconomic development GDP, real growth, % 116 112 18 14 1 113,5 11,7 216,7223,8226,5 19,8 19,8 19,3 19,619,7 199,
More informationPERFORMANCE OF THE ECONOMY REPORT NOVEMBER 2017
PERFORMANCE OF THE ECONOMY REPORT NOVEMBER 2017 MACROECONOMIC POLICY DEPARTMENT MINISTRY OF FINANCE, PLANNING AND ECONOMIC DEVELOPMENT www.finance.go.ug Table of Contents SUMMARY... 2 REAL SECTOR DEVELOPMENTS...
More informationFull Year Investors/Analysts Presentation
2017 Full Year Investors/Analysts Presentation Outline Macro-economic Review Overview of FY 2017 FY 2017 Performance Review Business Segments and Subsidiary Review Guidance and Plans for 2018 2017 Macro-economic
More informationOTHER DEPOSITS FINANCIAL INSTITUTIONS DEPOSIT BARKAT SAVING ACCOUNT
WEIGHTAGES JAN FEB MAR APR MAY JUN JUL AUG SEPT OCT NOV DEC ANNOUNCEMENT DATE 19.Dez.14 27.Jän.15 24.Feb.15 26.Mär.15 27.Apr.15 26.Mai.15 25.Jun.15 28.Jul.15 26.Aug.15 23.Sep.15 27.Okt.15 25.Nov.15 MUDARIB
More informationQUESTION 2. QUESTION 3 Which one of the following is most indicative of a flexible short-term financial policy?
QUESTION 1 Compute the cash cycle based on the following information: Average Collection Period = 47 Accounts Payable Period = 40 Average Age of Inventory = 55 QUESTION 2 Jan 41,700 July 39,182 Feb 18,921
More informationJapan Securities Finance Co.,Ltd
Japan Securities Finance Co.,Ltd \ mil ( )ratio of OR Mar-13 Mar-14 Securities Finance Bussiness 14,093 16,363 Margin Loan Business 6,625 9,240 (37.5%) (47.2%) Interest on Loans 1,760 4,012 Interest
More informationSpheria Australian Smaller Companies Fund
29-Jun-18 $ 2.7686 $ 2.7603 $ 2.7520 28-Jun-18 $ 2.7764 $ 2.7681 $ 2.7598 27-Jun-18 $ 2.7804 $ 2.7721 $ 2.7638 26-Jun-18 $ 2.7857 $ 2.7774 $ 2.7690 25-Jun-18 $ 2.7931 $ 2.7848 $ 2.7764 22-Jun-18 $ 2.7771
More informationBroad Money and Its Affecting Factors
Broad Money and Its Affecting Factors wa uary The growth of liquidity in the economy, or broad money (M2), decelerated in uary to 7.7% (yoy) from 8.9% (yoy) in ember. By component, slower growth of quasi-money
More informationInvestor Briefing H Performance
Investor Briefing 2018 Performance INVESTOR BRIEFING2-01.jpg Equity Bank s repositioning to avoid the economic turbulence and to exploit the silver lining opportunities 3 Governance and Organizational
More informationFinancial & Business Highlights For the Year Ended June 30, 2017
Financial & Business Highlights For the Year Ended June, 17 17 16 15 14 13 12 Profit and Loss Account Operating Revenue 858 590 648 415 172 174 Investment gains net 5 162 909 825 322 516 Other 262 146
More informationBig Walnut Local School District
Big Walnut Local School District Monthly Financial Report for the month ended September 30, 2013 Prepared By: Felicia Drummey Treasurer BIG WALNUT LOCAL SCHOOL DISTRICT SUMMARY OF YEAR TO DATE FINANCIAL
More informationCO-OPERATIVE BANK OF KENYA LTD Q INVESTORS BRIEFING
CO-OPERATIVE BANK OF KENYA LTD Q3 2015 INVESTORS BRIEFING 1 Macroeconomic Environment 2 Favorable Macro-economic Environment in 2015 Gross Domestic Product (GDP) Kenya s economy remains relatively resilient;
More informationSummary of contents. Operating environment. Levers of institutional growth. Re-affirming the Fund s Mission. Financial Highlights.
Summary of contents Operating environment Levers of institutional growth Re-affirming the Fund s Mission Financial Highlights The future The Operating Environment 7.00% 6.00% 5.00% 4.00% 3.00% A calm assurance
More informationPerformance Report October 2018
Structured Investments Indicative Report October 2018 This report illustrates the indicative performance of all Structured Investment Strategies from inception to 31 October 2018 Matured Investment Strategies
More informationFOR RELEASE: MONDAY, MARCH 21 AT 4 PM
Interviews with 1,012 adult Americans conducted by telephone by Opinion Research Corporation on March 18-20, 2011. The margin of sampling error for results based on the total sample is plus or minus 3
More informationWeekly Statistical Bulletin Key Monetary and Financial Indicators
1 / CBK Statistical Bulletin Weekly Statistical Bulletin Key Monetary and Financial Indicators Central Bank of Kenya July 14, 2017 The money market was fairy tight during the week ending July 12, 2017,
More informationMONEY AND BANKING STATISTICS
MONEY AND BANKING STATISTICS DECEMBER 20/JANUARY 2017 HIGHLIGHTS ON MAJOR ECONOMIC AGGREGATES HIGHLIGHTS ON MAJOR MONETARY AGGREGATES MONTHLY % VARIABLE CHANGE ANNUAL MONTHLY % PERCENTAGE CHANGE CHANGE
More informationFebruary 3, Inflation. The Interbank Market
1 / CBK Statistical Bulletin Central Bank of Kenya February 3, 2018 Inflation Overall inflation increased marginally in January 2018, largely driven by increases in energy prices. It increased to 4.8 percent
More informationWESTWOOD LUTHERAN CHURCH Summary Financial Statement YEAR TO DATE - February 28, Over(Under) Budget WECC Fund Actual Budget
WESTWOOD LUTHERAN CHURCH Summary Financial Statement YEAR TO DATE - February 28, 2018 General Fund Actual A B C D E F WECC Fund Actual Revenue Revenue - Faith Giving 1 $ 213 $ 234 $ (22) - Tuition $ 226
More informationBANK OF GUYANA. BANKING SYSTEM STATISTICAL ABSTRACT Website:
BANK OF GUYANA BANKING SYSTEM STATISTICAL ABSTRACT Website: www.bankofguyana.org.gy RESEARCH DEPARTMENT March 2010 STATISTICAL ABSTRACT TABLES CONTENTS 1. MONETARY AUTHORITY 1.1 Bank of Guyana: Assets
More informationPBT growth slightly ahead of FY guidance. 9th November 2015 EQUITY RESEARCH THE COOPERATIVE BANK 3Q15 RESULTS REVIEW
PBT growth slightly ahead of FY guidance COOP s PBT increased by 33% y/y to KES 12.2bn, slightly ahead of management s full year guidance of 30%. The beat can be ascribed to a lower base as 9M14 s PBT
More informationMonthly Report PERFORMANCE OF THE ECONOMY JUNE 2018 MACROECONOMIC POLICY DEPARTMENT MINISTRY OF FINANCE, PLANNING AND ECONOMIC DEVELOPMENT
Monthly Report PERFORMANCE OF THE ECONOMY JUNE 2018 MACROECONOMIC POLICY DEPARTMENT MINISTRY OF FINANCE, PLANNING AND ECONOMIC DEVELOPMENT www.finance.go.ug Table of Contents SUMMARY... 1 REAL SECTOR DEVELOPMENTS...
More informationQUARTERLY ECONOMIC REVIEW (QER)
QUARTERLY ECONOMIC REVIEW (QER) Volume 2 No 5 April - June 2018 OBJECTIVES OF THE CENTRAL BANK OF KENYA The principal objectives of the Central Bank of Kenya (CBK) as established in the CBK Act are: 1)
More informationTERMS OF REFERENCE FOR THE INVESTMENT COMMITTEE
I. PURPOSE The purpose of the Investment Committee (the Committee ) is to recommend to the Board the investment policy, including the asset mix policy and the appropriate benchmark for both ICBC and any
More information2Q17 Financial Results As of June 30, 2017
2Q17 Financial Results As of June 30, 2017 AGENDA I. Chilean Economy II. Banking Industry Overview III. Banco de Chile 2Q17 Results and Strategy 2 Jan-15 Mar-15 May-15 Jul-15 Sep-15 Nov-15 Jan-16 Mar-16
More informationInvestor Briefing Q Performance. 5 th November, 2018
Investor Briefing 2018 Performance 5 th November, 2018 1 INVESTOR BRIEFING2-01.jpg 2 Equity Group s Philosophies INVESTOR BRIEFING2-02.jpg 3 Governance & Organizational Structure Each subsidiary with own
More informationMarch 5, 2010 THE CBK WEEKLY BULLETIN. Highlights for the Week
March 5, 2010 THE CBK WEEKLY BULLETIN Highlights for the Week The 12-month overall inflation rate was 5.2 percent, while the annual average rate, on the other hand stood at 9.3 percent in February 2010.
More informationPerformance and Outlook. December 2015
Performance and Outlook December 2015 Agenda Macro Picture Performance Highlights Q&A 2 Agenda Macro Picture Performance Highlights Fundamentals (IIP) Output conditions Inflation Rates Credit and Deposit
More informationQuarterly Statistical Digest
Quarterly Statistical Digest February 2019 Volume 28, No. 1 The Statistical Digest is a quarterly publication of the Central Bank of The Bahamas, prepared by the Research Department for issue in February,
More informationInvestor Briefing Q Financial Results
Investor Briefing Q3 2013 Financial Results Update on Macroeconomic Environment 2 2 Key Macroeconomic Updates 1 2 3 4 Boosted economic growth prospects in Kenya projected at 6.0% according to World Bank
More informationQUARTERY ECONOMIC REVIEW (QER)
QUARTERY ECONOMIC REVIEW (QER) Volume 2 No 3 July September 2017 OBJECTIVES OF THE CENTRAL BANK OF KENYA The principal objectives of the Central Bank of Kenya (CBK) as established in the CBK Act are: 1)
More information2016 Spring Conference And Training Seminar. Cash Planning and Forecasting
Cash Planning and Forecasting A different world! Cash forecasting starts with expectations about future flows Uses history to identify beginning balances.and to understand patterns of how things interact
More informationBEYOND THE EUPHORIA: Growing shareholder value despite challenging macros
BEYOND THE EUPHORIA: Growing shareholder value despite challenging macros Alan Pullinger, CEO: FirstRand UBS conference, Cape Town 18 October 2018 Group strategic framework FirstRand aims to create long-term
More informationSTATISTICAL ANNEX. to the BUDGET SPEECH. for THE FISCAL YEAR 2017/2018
Republic of Kenya STATISTICAL ANNEX to the BUDGET SPEECH for THE FISCAL YEAR 2017/2018 PRINTED BY THE GOVERNMENT PRINTER, NAIROBI STATISTICAL ANNEX 2017/2018 ii TABLE OF CONTENTS Preface... v Table 1:
More informationNational Bank of Romania s experience in dealing with the NPLs challenge
June 15 th, 2016 National Bank of Romania s experience in dealing with the NPLs challenge Florin Georgescu First Deputy Governor REGIONAL HIGH-LEVEL WORKSHOP ON NPLs RESOLUTION CONTENTS I. Romanian banking
More informationEarnings Results. Second Quarter 2015
Earnings Results Second Quarter 2015 Forward Looking Statements This presentation contains, or may be deemed to contain, forward-looking statements. By their nature, forward-looking statements involve
More informationAnnual Results Presentation
Annual Results Presentation 28 February 2017 Capitec Bank Limited 1 Contents Key indicators Economic overview Banking clients Client service Credit Funding International Future Key indicators Capitec Bank
More informationBroad Money and Its Affecting Factors
Broad Money and Its Affecting Factors wa e Weaker growth of broad money (M2) remained in e. It grew 13.0, lower than 13.4 growth in. The deceleration of M2 growth was dragged by Quasi Money (Time and Saving
More informationCURRENT ECONOMIC CONDITIONS
Presentation to the FIA CURRENT ECONOMIC CONDITIONS 5 October 2017 Global economic outlook Has improved Global Economy Consolidating Healthy Growth Trajectory Global growth (%) Source: 2017 July IMF World
More informationReview of Registered Charites Compliance Rates with Annual Reporting Requirements 2016
Review of Registered Charites Compliance Rates with Annual Reporting Requirements 2016 October 2017 The Charities Regulator, in accordance with the provisions of section 14 of the Charities Act 2009, carried
More informationNational Bank of Greece
National Bank of Greece Q2.2014 Results August 28 th, 2014 Q2.2014 Results: Highlights National Bank of Greece Results Result Highlights CET1 ratio increases 16.2% post 2.5bn capital increase Group PAT
More informationMarch 8 & 12 MORTGAGE LENDING IN MEXICO. Asociación de Bancos de México
March 8 & 12 MORTGAGE LENDING IN MEXICO Asociación de Bancos de México Index 1.The Mexican Banking Sector 2. Mortgage Market in Mexico 3. Outlook and Conclusions 3 Introduction 1. The Mexican economy has
More informationBroad Money and Its Affecting Factors
Broad Money and Its Affecting Factors wa ember The growth of liquidity in the economy, or broad money (M2), grew at 9.2% (yoy) in ember, down from 10.4% (yoy) the month earlier. By component, growth of
More informationProtected Loan Taxation Guide
Protected Loan Taxation Guide An Explanatory Note The taxation implications of your Protected Loan (PL) can depend on a number of factors. In order to assist you in identifying the implications of your
More informationConsumer Price Index (Base year 2014) Consumer Price Index
Consumer Price Index December 2017 (Base year 2014) Consumer Price Index 1 Release Date: January 2018 Detailed by: Expenditure groups Household welfare levels Household type Regions Briefing This publication
More informationReview of Membership Developments
RIPE Network Coordination Centre Review of Membership Developments 7 October 2009/ GM / Lisbon http://www.ripe.net 1 Applications development RIPE Network Coordination Centre 140 120 100 80 60 2007 2008
More informationConsumer Price Index (Base year 2014) Consumer Price Index
Consumer Price Index December 2016 (Base year 2014) Consumer Price Index 1 Release Date: January 2017 Detailed by: Expenditure groups Household welfare levels Household type Regions Briefing This publication
More informationFiscal Year 2018 Project 1 Annual Budget
Fiscal Year 2018 Project 1 Annual Budget Table of Contents Table Page Summary 3 Summary of Costs Table 1 4 Treasury Related Expenses Table 2 5 Summary of Full Time Equivalent Table 3 6 Positions Cost-to-Cash
More informationExecutive Summary. July 17, 2015
Executive Summary July 17, 2015 The Revenue Estimating Conference adopted interest rates for use in the state budgeting process. The adopted interest rates take into consideration current benchmark rates
More informationFinancial Division Research, Strategic Planning and Investor Relations May Portugal. Q1'18 Earnings Presentation
Financial Division Research, Strategic Planning and Investor Relations May 2018 Portugal Q1'18 Earnings Presentation Disclaimer Santander Totta SGPS, S.A. ( Santander Totta ) cautions that this presentation
More information