Rob O'Halloran’s Post

KCB Bank Group released their end year 2023 financial results yesterday. Most notable was that it skipped dividends payout for the first time in about 21 years. However, they managed a compounded growth rate of 10.46%, 25.27%, and 19.61% in their year-on-year profit after tax, customer deposits and loan book respectively over the past 4 years since 2019. #finance #investment #economics #kcb #nse

LHV Bank supports business growth plans with £21m increase in share capital Following the additional capital investment by the Bank’s sole shareholder, LHV Group, completed in the last week, the share capital of LHV Bank is now £75m.   In the last year, LHV Bank transferred its Banking Services business from its UK branch to the licensed bank. The capital needs were, therefore, also transferred to the Bank. As the business volumes of both its Banking Services and SME Lending operations rapidly increase, the already profitable Bank still needs additional capital to ensure its capital adequacy remains high. Commenting on the news, Erki Kilu, CEO, LHV Bank said: “The additional capital will give the lending brokers with whom we work continued confidence that they can rely on us as a long-term partner. It will also enable us to strengthen the retail bank offering planned to launch later this year.” Read more 👇 https://lnkd.in/dQsDbEyw #LHVBank #LHVGroup #bankingservices

Tatton extends MPS offering to include Money Market portfolio as an alternative to bank deposits. We are delighted to announce the launch of Tatton’s latest MPS option, the Tatton Money Market portfolio. At a time when the Bank of England has raised the UK base rate to 5.25% and banks are under pressure to feed through a similar level of interest rates on their deposit accounts, we believe a portfolio of thoroughly vetted money market funds offers a better, real alternative. Our new Money Market portfolio is the lowest risk profile in our range yet and is also the first one with a return profile with relative certainty of returns. We believe this to be a great opportunity for advisers to demonstrate the value they can add to the entirety of their clients’ financial wellbeing by providing a better value access to secure cash rates, without having to take money off platform. For more information, watch the video below, and visit our dedicated page: https://lnkd.in/eGW9skdp #moneymarket #tatton #investmentmanagement

Alfalah CLSA Securities (Pvt.) Limited : Flash Note : MCB 4QCY23 result wrap MCB announced its 4QCY23 result today, posting higher than expected before-tax earnings of PKR40.6bn. Note that effective tax rate was higher (58%) in the last quarter. The bank posted an EPS of PKR14.2 (down 14.1% QoQ); CY23 earnings stood at PKR54.9/sh, up 89.5% YoY. We highlight that NII was lower than our estimates; however, NFI was higher while provisioning expense was lower. Note that the bank paid out PKR9/sh in the last quarter (PKR30/sh for CY23), which is a payout of ~55% for the year . We reiterate our BUY call on the stock, having an expected CY24 dividend yield of 16.7% #KSE100 #PSX #Flashnote #MCB

AHL Alert: 26-Oct-2023 ABL announced earnings (PAT) today for 3QCY23 at PKR 11.4bn (EPS: PKR 9.95), revealing an increase of 96% on YoY and 14% QoQ basis (3QCY22 EPS: PKR 5.08). The main reason for improved profitability was higher NIIs, which went up by 67% YoY, and provisioning reversal at PKR 211mn. The bank also announced a dividend of PKR 3.0/share along with the result. #KSE100 #PSX #FFC #Equities #Pakistan

CDSL - like a bank for your share. Bank keep your money safe CDSL keep your share secure. CDSL market share is around 70% More than 8.3Cr demat accounts NSDL have 3.4 Cr demat ~Market cap : 12,500CR ~Share price = 1204 ~P/E = 45 ~ROE = 30% ~ROCE = 38% ~EPS = 27 ~PEG = 14.48 ~PAT margin = 60% Shareholders - Promoter = 15% Standard Chartered Bank = 7.18% Parag Parikh Flexi Cap Fund = 4.67% DII = 29% , FII = 7.29%

#Shares in Lloyds Banking Group PLC (LSE:LLOY) are up around 1.1% after #MorganStanley named it as its top UK banking pick. “Deposit mix migration has slowed down during Q3, which could make 4Q [net interest margins] less bad than feared and provides better visibility for 2024.”  “We re-iterate our positive view on UK banks, and see Lloyds Bank as Top Pick.”  For #Lloyds, the broker forecast [net interest margin] would fall 6 basis points quarter-on-quarter to 3.02% in-line with company guidance and consensus.  For 2024, it predicts a 2.94% NIM which is also consistent with the guidance of "below 3%".  It estimates a £500 million provision release related to the write-back of the Telegraph debt in December, which leads it to raise its share buyback expectations from £2 billion to £2.5 billion, higher than consensus at £2.2 billion.  More at #Proactive #ProactiveInvestors #LSE #LLOY http://ow.ly/VGgH1058B50

🚨 MARKET MOVERS ALERT: BAWAG's strategic move into the U.S. banking sector through the successful Peak Bancorp acquisition has sparked a notable 80 bps drop in the BAWG 4.125 18-JAN-2027 EUR bond yield to 3.7%. Read how this bold expansion sets the stage for growth and community-focused banking https://lnkd.in/eEBazpc4 #Investing #Finance #Acquisition

Kenyan Banks FY’2023 Performance Summary: 1⃣KCB Group leads in Total Assets. It officially crossed the Ksh2 Tn mark in the year under review. Equity is a close second at Ksh1.8 Tn 2⃣NCBA is now the third largest bank in total assets, at Ksh734.62 Bn 3⃣Equity leads in profitability. However, NCBA recorded the highest growth in profits 4⃣Almost all the banks are undervalued- KCB,I&M and DTB are the most undervalued 5⃣All the banks have announced shareholders’ dividends except KCB #BankingKE #MakingSenseofTheCents

KCB, Equity Bank, I &M Bank,SCBK have released their Q3 2023 results. Here are few points to note -staff costs are up in all the banks - Only SCBK declared interim dividend - comparing the 4 banks it's only SCBK whose interest expense are on downtrend. #BankingKE