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Equity Bank FY 2011 PAT up 45 Percent
Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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The Merchant wrote:mukiha wrote:murchr wrote:How long has Equity been in existence? The bank is going places About 25 years. But many people wrongly think it was a Kibaki creation. But it became a bank 6 years ago  It used to be a Faulu type of "bank". It became a fully fledged bank when the nakakenya took charge. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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TAZ wrote:mwekez@ji wrote:Notable changes in the shareholders list
ESOP shares are increasing
Mwangi has been reducing his holding
BRITAK has been reducing her holding
Other (not in top 10 list) shareholders are increasing
…. poor wanjiku Prophets of doom......stop hating, they've just had a 45% increase in profits. What's wrong with that.....? Facts my friend. Facts!FYI: Prophecy is forecasting, foretelling, divination, …
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Rank: Elder Joined: 11/14/2007 Posts: 4,152
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mwekez@ji wrote:TAZ wrote:mwekez@ji wrote:Notable changes in the shareholders list
ESOP shares are increasing
Mwangi has been reducing his holding
BRITAK has been reducing her holding
Other (not in top 10 list) shareholders are increasing
…. poor wanjiku Prophets of doom......stop hating, they've just had a 45% increase in profits. What's wrong with that.....? Facts my friend. Facts!FYI: Prophecy is forecasting, foretelling, divination, … I'm still not convinced, those "notable" changes in shareholding are not that significant compared to what was there last year. I repeat again stop hating.....I'm sure if we analyzed other counters we would see some changes in the shareholders list.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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TAZ wrote:mwekez@ji wrote:TAZ wrote:mwekez@ji wrote:Notable changes in the shareholders list
ESOP shares are increasing
Mwangi has been reducing his holding
BRITAK has been reducing her holding
Other (not in top 10 list) shareholders are increasing
…. poor wanjiku Prophets of doom......stop hating, they've just had a 45% increase in profits. What's wrong with that.....? Facts my friend. Facts!FYI: Prophecy is forecasting, foretelling, divination, … I'm still not convinced, those "notable" changes in shareholding are not that significant compared to what was there last year. I repeat again stop hating.....I'm sure if we analyzed other counters we would see some changes in the shareholders list. Not notable, really? Do you know that Late Muguku was exiting before he passed on?And the former ceo, kagema, is now not in the top 10 shareholders list Helios nao kuna mazungumuzo … and what goes around comes around
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Rank: Elder Joined: 11/14/2007 Posts: 4,152
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mwekez@ji wrote:TAZ wrote:mwekez@ji wrote:TAZ wrote:mwekez@ji wrote:Notable changes in the shareholders list
ESOP shares are increasing
Mwangi has been reducing his holding
BRITAK has been reducing her holding
Other (not in top 10 list) shareholders are increasing
…. poor wanjiku Prophets of doom......stop hating, they've just had a 45% increase in profits. What's wrong with that.....? Facts my friend. Facts!FYI: Prophecy is forecasting, foretelling, divination, … I'm still not convinced, those "notable" changes in shareholding are not that significant compared to what was there last year. I repeat again stop hating.....I'm sure if we analyzed other counters we would see some changes in the shareholders list. Not notable, really? Do you know that Late Muguku was exiting before he passed on?And the former ceo, kagema, is now not in the top 10 shareholders list Helios nao kuna mazungumuzo … and what goes around comes around Stop hating, all the answers you need lie inside the link you've just posted!
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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TAZ wrote:mwekez@ji wrote:TAZ wrote:mwekez@ji wrote:TAZ wrote:mwekez@ji wrote:Notable changes in the shareholders list
ESOP shares are increasing
Mwangi has been reducing his holding
BRITAK has been reducing her holding
Other (not in top 10 list) shareholders are increasing
…. poor wanjiku Prophets of doom......stop hating, they've just had a 45% increase in profits. What's wrong with that.....? Facts my friend. Facts!FYI: Prophecy is forecasting, foretelling, divination, … I'm still not convinced, those "notable" changes in shareholding are not that significant compared to what was there last year. I repeat again stop hating.....I'm sure if we analyzed other counters we would see some changes in the shareholders list. Not notable, really? Do you know that Late Muguku was exiting before he passed on?And the former ceo, kagema, is now not in the top 10 shareholders list Helios nao kuna mazungumuzo … and what goes around comes around Stop hating, all the answers you need lie inside the link you've just posted! Mate, if you can’t read in between the lines, I give up on you!
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Rank: Elder Joined: 11/14/2007 Posts: 4,152
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You don't need to read between the lines, the answers are right there! I think anyone who up to now thinks Equity Bank is about to collapse needs a reality check.
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Rank: Veteran Joined: 2/2/2012 Posts: 1,134 Location: Nairobi
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The Merchant wrote:mukiha wrote:murchr wrote:How long has Equity been in existence? The bank is going places About 25 years. But many people wrongly think it was a Kibaki creation. But it became a bank 6 years ago Not accurate. Equity become a bank in 2004, listed on NSE in 2006. Was started in 1984; Declared insolvent in 1993; Taken over by Mwangi & Co in 1994... 10 years later 2004 it was more than ready for banking license.
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Rank: Veteran Joined: 5/24/2010 Posts: 846 Location: KENYA
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so it has been a bank for 8 yrs. And guys rate it a SELL? @Guru, explain....but for now u can sell to me.
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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The Merchant wrote:so it has been a bank for 8 yrs. And guys rate it a SELL? @Guru, explain....but for now u can sell to me. @Merchant I believe short term guys should sell and long term guys will get a better price very soon.... Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 7/21/2010 Posts: 6,184 Location: nairobi
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Its very dangerous for a bank to grow so fast like equity because to manage you just need the managers goodwill not the ceo's capability,,how many times do u travel to uganda,rwanda and sudan to monitor? "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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mlennyma wrote:Its very dangerous for a bank to grow so fast like equity because to manage you just need the managers goodwill not the ceo's capability,,how many times do u travel to uganda,rwanda and sudan to monitor? im in Uganda and rwanda all the time and I never hear about equity bank.. And as much as I see Its KCB roooaaaring in these countries especially in south sudan.. Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Looking at interest margins BBK and Member did very well...while KCB's interest margins dropped sharply y/y.
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Rank: Elder Joined: 7/21/2010 Posts: 6,184 Location: nairobi
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Kcb has 4 branches in nairobi cbd,equity has more than 10 branches in the same area,equity's blind expansion will eat on its profits sooner than you expect. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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the deal wrote:while KCB's interest margins dropped sharply y/y. Ive also had a look at them.. What do u mean when you say fell SHARPLY??!! Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 11/7/2007 Posts: 2,182
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@Mlenya, kcb has 6 branches, when u add the s&l, then it becomes 10, just like equity. i think kcb "diaspora" will steer kcb going forwdrd LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Rank: Veteran Joined: 5/24/2010 Posts: 846 Location: KENYA
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kyt wrote:@Mlenya, kcb has 6 branches, when u add the s&l, then it becomes 10, just like equity. i think kcb "diaspora" will steer kcb going forwdrd So will Equity's. Guys are cheering stocks here like they are soccer teams. Geez.... 
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Rank: Veteran Joined: 11/2/2006 Posts: 1,206 Location: Nairobi
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Equity has more customers within CBD thus perhaps the need for more branches than KCB.More customers=more account charges & commissions. Formally employed people often live their employers' dream & forget about their own.
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Rank: Elder Joined: 10/9/2008 Posts: 5,389
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Equity Bank FY 2011 PAT up 45 Percent
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