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Equity Bank HY 2012 comes in PBT at 7.62bn 29% growth
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muganda
#1 Posted : Thursday, July 26, 2012 3:40:38 PM
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Joined: 9/15/2006
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Results are in and Equity Bank with 29% growth is now second most profitable bank in Kenya.

http://www.nse.co.ke/listed-com...iod-ended-30th-june-2012
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Cde Monomotapa
#2 Posted : Thursday, July 26, 2012 3:46:08 PM
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Joined: 1/13/2011
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#SmackDown! ROOAARR!!
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mwekez@ji
#3 Posted : Thursday, July 26, 2012 3:47:25 PM
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Joined: 5/31/2011
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Someone at the investor briefing should tell Dr. Mwangi to pick from Dr. Martin on the matter of giving a live stream of the announcement for online community.
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FUNKY
#4 Posted : Thursday, July 26, 2012 5:17:24 PM
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the deal
#5 Posted : Thursday, July 26, 2012 5:23:37 PM
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Joined: 9/25/2009
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Location: Windhoek/Nairobbery
I wish the negative sentiment here translates to selling the stock!
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Cde Monomotapa
#6 Posted : Thursday, July 26, 2012 5:30:18 PM
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the deal wrote:
I wish the negative sentiment here translates to selling the stock!

Yes. This stock is washed up. Please sell to the deal.
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youcan'tstopusnow
#7 Posted : Thursday, July 26, 2012 5:31:49 PM
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Joined: 3/24/2010
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Location: Black Africa
mwekez@ji wrote:
Someone at the investor briefing should tell Dr. Mwangi to pick from Dr. Martin on the matter of giving a live stream of the announcement for online community.

And a functional Twitter account!
How do the ROA and ROE figures between the 2 banks compare?
GOD BLESS YOUR LIFE
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guru267
#8 Posted : Thursday, July 26, 2012 5:53:56 PM
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Joined: 1/21/2010
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Location: Nairobi
youcan'tstopusnow wrote:
mwekez@ji wrote:
Someone at the investor briefing should tell Dr. Mwangi to pick from Dr. Martin on the matter of giving a live stream of the announcement for online community.

And a functional Twitter account!
How do the ROA and ROE figures between the 2 banks compare?


Equity's are probably better than KCB but that can only mean KCB has huge room for growth by simply achieving full Economy, Efficiency, & Effectiveness
Mark 12:29
Deuteronomy 4:16
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the deal
#9 Posted : Thursday, July 26, 2012 6:08:41 PM
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Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
SeLL SeLL SeLL...here are the facts...

1. q/q Gross NPL's spiked by 22%...Folks are defaulting.

2. q/q the loan book was flat...meaning folks have stopped borrowing

SeLL SeLL SeLL

I help by being on the Buy side.
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Cde Monomotapa
#10 Posted : Thursday, July 26, 2012 6:10:33 PM
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There is a huge difference btwn a great company & great stock investment. Sleep on that.
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the deal
#11 Posted : Thursday, July 26, 2012 6:40:04 PM
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Location: Windhoek/Nairobbery
Great Bank look at the trophy cabinet...Great Stock look at the historical returns
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Cde Monomotapa
#12 Posted : Thursday, July 26, 2012 6:44:54 PM
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Joined: 1/13/2011
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the deal wrote:
Great Bank look at the trophy cabinet...Great Stock look at the historical returns

While you're at it, check on KCB's run from 2002-08/9. Now it is reloaded, watch again.
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maka
#13 Posted : Thursday, July 26, 2012 9:41:38 PM
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Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Why is it they decreased their provision for bad debts...thought it wud b on the up like KCB,s factoring high interest rates.
possunt quia posse videntur
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guru267
#14 Posted : Friday, July 27, 2012 12:30:56 AM
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Location: Nairobi
maka wrote:
Why is it they decreased their provision for bad debts...thought it wud b on the up like KCB,s factoring high interest rates.


They couldn't compete on the profit front... If they had tried to raise provisions they might have announced a profit decline...


Mark 12:29
Deuteronomy 4:16
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Cde Monomotapa
#15 Posted : Friday, July 27, 2012 7:46:04 AM
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Joined: 1/13/2011
Posts: 5,964
guru267 wrote:
maka wrote:
Why is it they decreased their provision for bad debts...thought it wud b on the up like KCB,s factoring high interest rates.


They couldn't compete on the profit front... If they had tried to raise provisions they might have announced a profit decline...



smile
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mwekez@ji
#16 Posted : Friday, July 27, 2012 9:11:26 AM
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Joined: 5/31/2011
Posts: 5,121
youcan'tstopusnow wrote:
mwekez@ji wrote:
Someone at the investor briefing should tell Dr. Mwangi to pick from Dr. Martin on the matter of giving a live stream of the announcement for online community.

And a functional Twitter account!


True that. Mwangi and his team have not posted a tweet since last year!
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maka
#17 Posted : Friday, July 27, 2012 3:56:25 PM
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Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Is it me or the daktari dint look oh so quite pleased its lyk he had constipation...lol@guru...wunt they do a lot of what they did to the bad debt provision at full year?
possunt quia posse videntur
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youcan'tstopusnow
#18 Posted : Thursday, August 02, 2012 7:43:45 AM
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Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
“On a daily basis we are
moving an average of half a billion through agency banking agents who are now doing 24 per cent of the bank transactions and we are
projecting that the agents will overtake branches in terms of transactions and volume of money,” said James Mwangi, chief executive officer, Equity Bank.
http://www.businessdaily.../-/a8vibfz/-/index.html
GOD BLESS YOUR LIFE
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eco
#19 Posted : Thursday, August 02, 2012 12:20:35 PM
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Joined: 6/17/2011
Posts: 229
youcan'tstopusnow wrote:
“On a daily basis we are
moving an average of half a billion through agency banking agents who are now doing 24 per cent of the bank transactions and we are
projecting that the agents will overtake branches in terms of transactions and volume of money,” said James Mwangi, chief executive officer, Equity Bank.
http://www.businessdaily.../-/a8vibfz/-/index.html


EB's innovation leads the industry. The bank has recently updated its website giving a Regional Outlook! This was after upgrading the ebanking platform to handle more EFTs to any other bank in Kenya.
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innovator
#20 Posted : Thursday, August 23, 2012 12:19:39 PM
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Joined: 7/24/2010
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Location: nairobi
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