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I&M Bank FY 2011 results
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mwekez@ji
#51 Posted : Wednesday, July 13, 2011 6:32:54 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
FUNKY wrote:
Equity should be posting a growth of above 40 percent atleast.

that would be superb performance. However, the share price is seriously misbehaving
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VituVingiSana
#52 Posted : Wednesday, July 13, 2011 11:23:29 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
Equity posts great numbers but why are there no complaints against the huge interest margins it makes? Double Standards?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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youcan'tstopusnow
#53 Posted : Thursday, July 14, 2011 7:55:43 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
VituVingiSana wrote:
Equity posts great numbers but why are there no complaints against the huge interest margins it makes? Double Standards?

What do you mean? Njuguna Ndung'u and Kibaki have been complaining for years. Thta's why Kibaki is pushing for controls in the bank sector. Ama?
GOD BLESS YOUR LIFE
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mwekez@ji
#54 Posted : Thursday, July 14, 2011 8:26:09 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
VituVingiSana wrote:
Now we wait for the 2Q results! I expect Equity to be the first to announce then the others will follow...!


Equatorial Commercial Bank has reliesed its HY 2011 numbers and its income and assets have grown by leaps and bounds.

Equity should realise great numbers smile
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VituVingiSana
#55 Posted : Thursday, July 14, 2011 10:36:07 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
youcan'tstopusnow wrote:
VituVingiSana wrote:
Equity posts great numbers but why are there no complaints against the huge interest margins it makes? Double Standards?

What do you mean? Njuguna Ndung'u and Kibaki have been complaining for years. Thta's why Kibaki is pushing for controls in the bank sector. Ama?
Not the way OMCs (e.g. KK) is attacked. Gripes are mostly against the industry. RoE & RoA are very high in Kenya's banking industry.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mwekez@ji
#56 Posted : Tuesday, March 27, 2012 9:43:22 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
I&M records 40% growth in PBT (to KES 4.95B) after coming from a high growth of 96% in 2010. Performance was boosted by 44% growth in interest from loans and 60% growth in forex income. Efficiency ratio at 33.3% and Net NPA ratio dropped to 0.43% from 1.19% Applause Applause Applause

I&M performance beat its peer DTB hands down

http://www.imbank.com/KE/inner.asp?cat=annurept

The 2.4B raised in Nov 2010 could probably be the money they are planning to deploy in making the acquisition in an East African market (which country? @VVS, @The Merchant @all). In Kenya, the Bank is consolidating its business and will open only one more branch in Kisii this year (Read 2012 elections fear factor). And why Kisii?
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Gordon Gekko
#57 Posted : Tuesday, March 27, 2012 11:56:02 AM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
Just signed for iclick, their internet platform.

Still in formative stages, but promises to be good. I can buy airtime, pay utility bills (not active yet), look at my credit card, loan and account statements and the sexiest part, can see the images of cheques I have drawn. For ksh 250 a quarter.
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chiaroscuro
#58 Posted : Tuesday, March 27, 2012 12:02:28 PM
Rank: Veteran

Joined: 2/2/2012
Posts: 1,134
Location: Nairobi
With the sort of excellent services talked about by VVS et. al. right here on wazua, I think this will be the bank to beat come 2030... if they can keep up the momentum on the service front and not become like EQT where queues and delays are the order of the day.

How many customers does I&M have? Surely not millions, but they are still able to make billions out of them...

And when will they list? City Trust is not liquid enough to support the sort of demand I would expect for a direct I&M stock.
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  | | Edit by user: Tuesday, March 27, 2012 12:03 PM | Reason: Not specified
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