half year to June 30 2008
Pre-Tax Profit: Barclays 4,295 million shillings [$64 million], KCB 3,394, Equity 2,997, Standard Chartered 2,321, Citibank 1,694, Cooperative 1,664, National Bank of Kenya 902, Commercial Bank of Africa 847, Investment & Mortgages 767, CFCStanbic 698 [$10.4 million]
12 month profit change : Ecobank 633% (to Kshs. 66m), Family 290%, Equity 189%,
Bank Africa 105%, Prime 98%, Giro 86%, Dubai 85%, KCB 77%, Guardian 76%, Citibank 75% then Consolidated, Cooperative, NBK, Credit, I&M
Deposits: Barclays 128,765 million shillings [$1.92 billion], KCB 93,372, Standard Chartered 73,512, Cooperative 59,072, CFCStanbic 57,040, Equity 42,116, Commercial Bank of Africa 35,135, National Bank of Kenya, 34,020, NIC 30, 165, Citibank Kenya 27,836 [$415 million]
12 month deposit growth: Equity 78%, Chase 58%, Prime 57%, Development Bank 41%, Diamond trust 38%, Fidelity 36%, CFCStanbic 33%, Oriental 32%, NIC 31%, Equatorial 29%, Transnational 23%, Barclays and Imperial 22% then KCB, Bank Africa, ABC.
Loans: Barclays 106,691 [$1.59 billion], KCB 60,165, Standard Chartered 45,351, Cooperative 43,411, CFCStanbic 38,746, Equity 34,273, NIC 25,727, Diamond Trust 22,320, Commercial Bank of Africa 21,803, Investment & Mortgages 20,703 [$309 million]
12 month loan growth: Equity 139%, Chase 88%, Prime 66%, Baroda 57%, Development Bank 54%, Commercial Bank of Africa 52%, Family Bank 51%, Co-op Bank 44%, Credit 44%, Fidelity 41%, then NIC, Bank of Africa, Diamond trust, I&M, CFCStanbic, Fina, Barclays.
Where to work: high employers – 6 month staff expenses; Barclays 3,287 million [$49 million], KCB 2,767, Cooperative 1,387, Standard Chartered 1,306, Equity 1,245, National Bank of Kenya 864, Commercial Bank of Africa 423, Citibank Kenya 416, CFCStanbic 389, Diamond Trust 330
directors; Standard Chartered 61 [$910,000], KCB 57, Cooperative 26, Commercial Bank of Africa 25, NIC 22, CFCStanbic 21, National Bank of Kenya 17, K-Rep 17, Southern Credit 14, Diamond Trust 12
Assets: 12 month asset growth: Equity 135%, Chase 76%, KCB 66%, Citibank 65%, Prime 59%, CFCStanbic 42%, Diamond trust 40%, Family bank 39%, I&M 33%, Bank of Africa 23%, Barclays 22%
Return on assets: Equity 4.28%, Citibank 2.85%, India 2.84%, Barclays 2.58%, Stanchart 2.45%, Coop Bank 2.31%
Non-performing assets: Cooperative Kshs. 8,841 million ($132m) , KCB 6,982, Barclays 5,986, Ecobank/EABS 3,492, CFCStanbic 3,435, National Bank of Kenya 2,559, Housing Finance 2,302, Standard Chartered 2,045, Equity 1,845, Commercial Bank of Africa 1,540
Sgare capital : Barclays Kshs. 19,233 ($287 million), Equity 19,005, Standard Chartered 9,615, KCB 9,591, Citibank Kenya 7,791, CFCStanbic 6,865, Cooperative 6,710, National Bank of Kenya 4,912, NIC 4,649, Diamond Trust 4,259
always good to read your blog. keep up the good work
Curious as to the African based banks (per country, region, or entire continent) that are most supportive of entrepreneurs, technology, innovation and startup companies. Similar to perhaps a Silicon Valley Bank (http://www.svb.com/) in the US.
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Wow. This is definitely a blog exclusive.
Thanks Banks for taking time to compile the report. It’s really appreciated!
More suggestions from your lazy audience:
“Where to work” amount depends on number of employees and salary grading structure. Median salary might make more sense to a job seeker as top management could be earning millions – yet paying regular guys peanuts.
Comparing the total wage bill to size of bank or top line (gross revenue) can give an indication of cost effectiveness of a bank (rough indicator if bloated workforce or not).
I think a Loans to Assets ratio can give rough indication of risk exposure…
UrXlnc: thank you
Mark Grimes: no bank as far as I know, just a few funds and partners that may try ICT
Maishinski: thanks, i must keep up with my industry and this ‘diary’ helps me keep track of who’s who
– branch and staff info, is a bit harder to come by, except for the listed institutions
Thanks once again for the great info!
On a side note, todays business daily (friday 5/9) reports that the number of bank accounts has increased three-fold, from 3 million to 10 million. Does this correlate with your info?
if so, what will the mid-term effects of this revolution be?