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HFCK keeps the banks faith.
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cnn
#1 Posted : Thursday, May 05, 2011 3:31:22 PM
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Joined: 6/17/2009
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First quarter PAT up to 120m from 72m,up 65%.Will these banks keep this growth at half year?
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fresher2010
#2 Posted : Thursday, May 05, 2011 6:29:03 PM
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Joined: 10/26/2010
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Location: Nairobi
http://af.reuters.com/ar...s/idAFJOE7440GD20110505

there is the link...it better maintain the growth!
Jamaa wa mjengo
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ngapat
#3 Posted : Friday, May 06, 2011 11:04:32 AM
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Somebody give us the breakdown
http://www.nse.co.ke/new...%20March%2031%202011.pdf
“Invest in yourself. Your career is the engine of your wealth.”
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selah
#4 Posted : Friday, May 06, 2011 11:47:06 AM
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The result are Fantastic, But I might be wrong, I think the gearing Ratio is too high can someone shed the light on the issue of the borrowed fund being 2 times Equity....is it a good thing?
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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Gordon Gekko
#5 Posted : Friday, May 06, 2011 2:16:22 PM
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A simple question I have never got an answer to - how many mortgages does HF have?
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Mali
#6 Posted : Friday, May 13, 2011 9:18:15 AM
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and when some of these comments gets to the market.. the share dips; pap; Wazua is the market bully.
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Cde Monomotapa
#7 Posted : Friday, May 13, 2011 9:53:06 AM
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selah wrote:
The result are Fantastic, But I might be wrong, I think the gearing Ratio is too high can someone shed the light on the issue of the borrowed fund being 2 times Equity....is it a good thing?

R u for real?? I guess as long as the property market is stable & growing then there is no cause for concern OTW welcome our very own post-crisis Freddie Mac.
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selah
#8 Posted : Friday, May 13, 2011 11:15:54 AM
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Cde Monomotapa wrote:
selah wrote:
The result are Fantastic, But I might be wrong, I think the gearing Ratio is too high can someone shed the light on the issue of the borrowed fund being 2 times Equity....is it a good thing?

R u for real?? I guess as long as the property market is stable & growing then there is no cause for concern OTW welcome our very own post-crisis Freddie Mac.


The market is getting saturated I think the players are getting into this sector in droves fearing the other sectors might perform poorly due to the coming elections.So in my opinion HFCK must be very careful when borrowing unless they are working on something that would shake the property market.
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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Cde Monomotapa
#9 Posted : Friday, May 13, 2011 11:31:29 AM
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@Selah..I see u n that's why the mantra has moved to "low-cost housing" also I expect the creation & physical/infrastructure devt. of counties to bring in new demand for real estate thus reducing the pressure on urban areas coz enyewe OTW Nairobi kutalipuka!! I am very bullish on the mortgage mkt. going forward based on the aforementiond reasoning. So i am playing via KCB S&L for they have the muscle to finance & vast distribution to supply.
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invest0r
#10 Posted : Friday, May 13, 2011 4:34:52 PM
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selah wrote:
The result are Fantastic, But I might be wrong, I think the gearing Ratio is too high can someone shed the light on the issue of the borrowed fund being 2 times Equity....is it a good thing?


The gearing is good for shareholders but high for the lenders. About 80% of the borrowing is bond while 10% is from Equity Bank and the rest is from Stanchart. All this is borrowing at an average rate of 8.5% p.a. The bank is lending the same at an average rate of 13%p.a. Shareholders are making good gains out of other peoples money.
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Muthawamunene
#11 Posted : Friday, May 13, 2011 5:13:38 PM
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Cde Monomotapa wrote:
@Selah..I see u n that's why the mantra has moved to "low-cost housing" also I expect the creation & physical/infrastructure devt. of counties to bring in new demand for real estate thus reducing the pressure on urban areas coz enyewe OTW Nairobi kutalipuka!! I am very bullish on the mortgage mkt. going forward based on the aforementiond reasoning. So i am playing via KCB S&L for they have the muscle to finance & vast distribution to supply.

Good home morgage from coop.
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Cde Monomotapa
#12 Posted : Friday, May 13, 2011 5:50:44 PM
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@MwM...guys @co-op need to finish up with the rights/re-cap before coming to the table. By then KCB S&L will have gained another 10% mortgage mkt share. smile smile smile
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invest0r
#13 Posted : Friday, May 13, 2011 7:39:32 PM
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True dat @Cde. Coop has a long way to go before commanding a sizeable mortgage market share. Currently KCB controls 30% of the mortgage market, HFCK controls 28% and CFC controls 10%. All the other banks control 32% only. Hawawesmek hapa
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Cde Monomotapa
#14 Posted : Friday, May 13, 2011 10:29:09 PM
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invest0r wrote:
True dat @Cde. Coop has a long way to go before commanding a sizeable mortgage market share. Currently KCB controls 30% of the mortgage market, HFCK controls 28% and CFC controls 10%. All the other banks control 32% only. Hawawesmek hapa

Weka tyre..??..gari ipite smile
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invest0r
#15 Posted : Saturday, May 14, 2011 10:06:14 AM
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Most banks also find it a challenge to provide mortgage loans because of assets liability maturity mismatch. Providing mortgage loans requires long term source of finance like issuing a bond. The customer deposits collected by the banks cannot adequately cover the exposure of mortgage financing. HFCK and CFC have issued bonds. KCB is also planning to issue one.
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Cde Monomotapa
#16 Posted : Saturday, May 14, 2011 12:52:50 PM
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invest0r wrote:
Most banks also find it a challenge to provide mortgage loans because of assets liability maturity mismatch. Providing mortgage loans requires long term source of finance like issuing a bond. The customer deposits collected by the banks cannot adequately cover the exposure of mortgage financing. HFCK and CFC have issued bonds. KCB is also planning to issue one.

>>>Yup yup! True that! But before we (KCB) go the bond route let's await the determination of the USD105M wholesale deal from IFC early next month (June 7th*). I believe it will be cheaper money and atleast 15yr tenure. When that doesn't work, we resort to floating the bond on the NSE. To combine the 12.5B from the Rights with the USD105M from IFC makes me very excited!!!
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Cde Monomotapa
#17 Posted : Saturday, May 14, 2011 2:43:13 PM
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LOL! Even KCB's football team has emerged from the trenches to top the KPL this season!! Big tings!!
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