Listed Kenyan banks report into two public systems at once: issuer disclosures on the Nairobi Securities Exchange and the prudential world overseen by CBK Bank Supervision. A Weekly Intelligence note should make those systems usable. It should not rank tickers or imply a portfolio action.
The checklist
For each issuer that publishes in the week, file the following from the statement itself:
- Period and board approval. Reporting date, comparative period, and whether figures are audited or unaudited — as labelled.
- Capital. CET1 or core capital language as the issuer prints it, plus any board comment on dividends or capital actions. If the statement is silent, write silent.
- Credit. Gross loans, loss allowances, and whatever NPL definition the issuer uses. Do not rebase someone else’s NPL into a private formula without saying so.
- Funding. Customer deposits versus wholesale; any comment on liquidity ratios.
- Costs and income mix. Net interest versus non-interest, and cost-to-income only if the issuer states it.
- Supervisory or legal items. Contingencies, CMA or CBK matters, restatements.
That list is analysis of how to read a pack. It is not a model of “quality.”
What the week is not
It is not a relative-performance table for the NSE 20. Live exchange prints are not redistributed here; use nse.co.ke for the tape. It is not a recommendation language exercise. Words we will not use in this series: buy, sell, hold, overweight, price target, guaranteed.
How this desk closes the week
A closed weekly file has: the list of issuers who actually published, links to the NSE or issuer PDFs, the six-point checklist with blanks allowed, and a short note on what remains unfiled. Blanks are honest. Filled blanks are not.