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Equity Bank Q1 2012 Pre tax profit up 29%
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GenghisCapitalLtd
#1 Posted : Thursday, April 26, 2012 9:30:40 AM

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wazuans

Equity bank will release their Q1 results today at 2.30pm at Equity Centre. The surprising thing is that they are the first bank to do release this time round is there anything to read into that? I think they must have excellent results to be the first one off the blocks, really interested to know your expectations!
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gathinga
#2 Posted : Thursday, April 26, 2012 10:07:55 AM
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when is KCB releasing theirs?
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GenghisCapitalLtd
#3 Posted : Thursday, April 26, 2012 10:12:23 AM

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gathinga wrote:
when is KCB releasing theirs?

gathinga as soon as I know u will know, expect it to be early next week cz they always compete with Equity bank. NIC have released theirs btw; http://www.wazua.co.ke/f...aspx?g=posts&t=18583
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Aguytrying
#4 Posted : Thursday, April 26, 2012 10:17:31 AM
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would explain the rally
The investor's chief problem - and even his worst enemy - is likely to be himself
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GenghisCapitalLtd
#5 Posted : Thursday, April 26, 2012 10:25:02 AM

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gathinga wrote:
when is KCB releasing theirs?

gathinga as soon as I know u will know, expect it to be early next week cz they always compete with Equity bank in that front. NIC have released theirs btw; http://www.wazua.co.ke/f...aspx?g=posts&t=18583
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ngapat
#6 Posted : Thursday, April 26, 2012 5:03:12 PM
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Equity bank Pre tax profit up 29%
http://af.reuters.com/ar...ws/idAFJOE83P08A20120426
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ngapat
#7 Posted : Thursday, April 26, 2012 5:06:18 PM
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So Equity bank PAT is higher than KCB's. 3.73B Vs 3.4B
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gathinga
#8 Posted : Thursday, April 26, 2012 5:18:24 PM
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Seems the race is to the line this time. Last year the LION overtook Member in Q4. Lets see who finishes first this year
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Cde Monomotapa
#9 Posted : Thursday, April 26, 2012 6:41:08 PM
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Cost of funds up 524% from 460M to 2.81B. That's where some of KCB's (Kenya) profits disappeared to. OTW, overall performance is good with me. How did Equity do with cost of funds?
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GenghisCapitalLtd
#10 Posted : Thursday, April 26, 2012 7:30:19 PM

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Cde Monomotapa wrote:
Cost of funds up 524% from 460M to 2.81B. That's where some of KCB's (Kenya) profits disappeared to. OTW, overall performance is good with me. How did Equity do with cost of funds?

Wow from 460Mn to almost 3Bn, that's huge. Equity's cost of funds was up 283.2% y-o-y to 1.62Bn from 424Mn.
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Cde Monomotapa
#11 Posted : Thursday, April 26, 2012 8:14:07 PM
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GenghisCapitalLtd wrote:
Cde Monomotapa wrote:
Cost of funds up 524% from 460M to 2.81B. That's where some of KCB's (Kenya) profits disappeared to. OTW, overall performance is good with me. How did Equity do with cost of funds?

Wow from 460Mn to almost 3Bn, that's huge. Equity's cost of funds was up 283.2% y-o-y to 1.62Bn from 424Mn.

Thanks GC. So stripping out the 'abnormality' it's clear who runs this town ;-)
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GenghisCapitalLtd
#12 Posted : Thursday, April 26, 2012 8:40:20 PM

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Cde Monomotapa wrote:
GenghisCapitalLtd wrote:
Cde Monomotapa wrote:
Cost of funds up 524% from 460M to 2.81B. That's where some of KCB's (Kenya) profits disappeared to. OTW, overall performance is good with me. How did Equity do with cost of funds?

Wow from 460Mn to almost 3Bn, that's huge. Equity's cost of funds was up 283.2% y-o-y to 1.62Bn from 424Mn.

Thanks GC. So stripping out the 'abnormality' it's clear who runs this town ;-)

Laughing out loudly Laughing out loudly
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FUNKY
#13 Posted : Friday, April 27, 2012 9:14:56 AM
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QW25091985
#14 Posted : Friday, April 27, 2012 9:18:37 AM
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FUNKY wrote:
http://www.businessdailyafrica.com/Corporate+News/Equity+Bank+overtakes+KCB+in+quarter+one+profits/-/539550/1394688/-/49213vz/-/index.html


Applause Applause Applause Applause Applause Applause Applause Applause Applause .
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accelriskconsult
#15 Posted : Friday, April 27, 2012 9:28:38 AM
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Where was equity getting cheaper money? Me still thinks that some financial statements are cooked
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QW25091985
#16 Posted : Friday, April 27, 2012 9:44:10 AM
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hahahahha. with member doing kcb in the start of the year i think @cde willnot be loggin in for the rest of the year . his ROAR may soon turn into a ka . Meew ! Laughing out loudly Laughing out loudly Laughing out loudly
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QD
#17 Posted : Friday, April 27, 2012 9:56:40 AM
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I think saw a post on twitter from KCB group with their Q1 results where pretax rose 35% to 3.4B.
The problem with the world is that the intelligent people are full of doubts while the stupid ones are full of confidence
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dunkang
#18 Posted : Friday, April 27, 2012 9:58:18 AM
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accelriskconsult wrote:
Where was equity getting cheaper money? Me still thinks that some financial statements are cooked


NO! They were given a very cheap loan from an international financier, and i even commented on it here.

Remember, KCB, Coop, Faulu etc are busy wooing people to deposit cash with gifts, while equity has cheap international loans.

Let me look for the LINK!

http://www.standardmedia...=14&j=&m=&d=
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gathinga
#19 Posted : Friday, April 27, 2012 10:19:27 AM
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dunkang wrote:
[quote=accelriskconsult]Where was equity getting cheaper money? Me still thinks that some financial statements are cooked


NO! They were given a very cheap loan from an international financier, and i even commented on it here.

Remember, KCB, Coop, Faulu etc are busy wooing people to deposit cash with gifts, while equity has cheap international loans.

Let me look for the LINK!

http://www.standardmedia...14&j=&m=&d=[/quote]

Boss LOAR...also got some cheap money from IFC recently. It was 9b if I can remember
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Cde Monomotapa
#20 Posted : Friday, April 27, 2012 10:21:40 AM
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QW25091985 wrote:
hahahahha. with member doing kcb in the start of the year i think @cde willnot be loggin in for the rest of the year . his ROAR may soon turn into a ka . Meew ! Laughing out loudly Laughing out loudly Laughing out loudly

I expect better from you!! Laughing out loudly Laughing out loudly Laughing out loudly
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