Kenya Commercial Bank (KCB) has recorded a 45.3 per cent increase in earnings for the nine months to September on the back of reduced inflation and its improved performance by its regional subsidiaries.
The bank on Thursday announced that net profit for the period stood at Sh9.3 billion compared to Sh6.4 billion recorded during a similar period last year.
KCB’s net interest income from customer loans also went up by 31 per cent to Sh21.7 billion an improvement from Sh16.6 billion earned in a similar period last year.
The bank, which was on Monday voted as the fifth best taxpayer in the country, announced that its regional markets earned a net profit of 680 million up from last year’s Sh430 million – a 58.1 per cent growth
Thursday, 25 October 2012
Capital gain or capital loss
Capital gain or capital loss – Profit or loss from the sale ofa capital asset. The capital gains provisions of the tax law are complicated. You should consult your tax advisor for specific information.
Cash flow (CF)
Cash flow – Reported net income of a corporation plusamounts charged off for depreciation, depletion, amortization, and extraordinary charges to reserves, which are bookkeeping deductions and not paid out in actual dollars and cents.
Callable
Callable – A bond issue, all or part of which may be redeemed by the issuing corporation under specified conditions before maturity. The term also applies to preferred shares that may be redeemed by the issuingcorporation
Book value (BV)
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Blue Sky Laws (BSL)
Blue Sky Laws – A popular name for laws various states have enacted to protect the public against securities frauds. The term is believedto have originated when a judge ruled that a particularstock had about the same value as a patch of blue sky.Blue Sky Laws – A popular name for laws various states have enacted to protect the public against securities frauds. The term is believedto have originated when a judge ruled that a particularstock had about the same value as a patch of blue sky.
Blue chip
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Commercial paper (CP)
Commercial paper – Debt instruments issued by companies to meet short-term financing needs.
Bearer bond
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Auditor's report
Auditor's report – Often called the accountant's opinion, it is the statement ofthe accounting firm's work and its opinion of the corporation's financial statements, especially if theyconform to the normal and generally accepted practicesof accountancy.
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