cdb plc
Growth in Profit 22% 24%
Asset Growth 1.3Bn -3.7Bn*
Deposits Growth 1.8Bn -1Bn
Loan Book Growth 1.2Bn 3.9Bn
Assets 35Bn 110Bn
ROE 18% 18%
Growth in Net Interest Income 30% 21%
Capital Adequacy Good Not Disclosed
Liquidity Excess Not Disclosed
PBV 1.4 1.6
PE 8 9.6
*PLC has settled some of the borrowings using cash balances (should have been in excess) which causes the reduction in asset base.
ROE (annualized) of 18% for first 6 months in very impressive as the reduction in deposits rates will take some time to reprice.
Both having PE below 10 and PBV below 2.
What else we should expect from NBFIs.
I hope the others also will follow....