Quick review of FY 2015 African banks' results discussed earlier
Dear Readers: Let us take a look at some African banks' earnings discussed some months ago on this blog and their FY 2015 earnings. This is what investment analysis is all about; a view today of a future financial and operational performance. Equity Group Holdings (EGH) Kenya released its FY 2015 result a week ago. RoE came in at at 24% approximately. EGH is the best performing bank holding company in Africa from among the core I have reviewed. EGH was discussed on this blog along with bank holding companies from Nigeria and Mauritius. It stood out from among the rest and this was sustained in its FY 2015 result. FCMB and FBN Holdings have already issued profit warnings prior to earnings release. FCMB acquired Fin Bank and has been erratic in its performance since then. FBN is too big and this was expressed in my article on this blog on FBN. It is time for FBN holdings to reduce its size and gain . Stanbic IBTC is dealing with business