KCB saw 41% y-o-y increase in PAT for quarter 3, largely driven by growth in interest income of 32% and slower growth in expense of 17%. However the time to check Odour's progress as CEO should be Q1 2008's results. I have no doubt he'll perform though.
StanChart, the laggard among the large banks saw flat PAT yoy growth. For your reference, a bank should always be making at least double the economy's growth rate. The pity of it is that this is happening under the watch of its first Kenyan CEO Etemesi.
NBK started seeing the benefits of the bond interest payments from GoK paying off its debt.
Mumias crystallised some of its plans to generate-revenue from power by signing a contract with KPLC. MSC also closed the offer period on its 2 for 1 bonus share issue. For my money, its
best purchase price given recent share price history would be under Ksh10, that is unless COMESA extension happens first.
TC announced a private placement. The interesting question is why they are doing it so close to an election.
Finally CFC-Stanbic merger is all but a reality as it enters its final stage. StanChart, your days are numbered.