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Equity Bank Q3 results will be announced on 06.11.2012
BGL
#1 Posted : Monday, November 05, 2012 11:51:14 AM
Rank: Veteran


Joined: 10/11/2009
Posts: 1,223
Investor briefing is tomorrow morning at Equity Bank Centre upper hill.
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
Kanjora1
#2 Posted : Monday, November 05, 2012 1:10:26 PM
Rank: New-farer


Joined: 8/7/2012
Posts: 39
I don't know why I have this sinking feeling that member hasn't done very well this time....
VituVingiSana
#3 Posted : Monday, November 05, 2012 2:16:48 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,129
Location: Nairobi
Member will be a-OK. Not 100% increases (year-on-year) like seen in the past but 30-50%
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
King G
#4 Posted : Monday, November 05, 2012 2:22:08 PM
Rank: Elder


Joined: 6/20/2012
Posts: 3,855
Location: Othumo
Member will surprise MOO & co. JM always have something up his sleeves. Let us wait and see!
Thieves
guru267
#5 Posted : Monday, November 05, 2012 3:06:30 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
VituVingiSana wrote:
Member will be a-OK. Not 100% increases (year-on-year) like seen in the past but 30-50%


Try 12-15% growth in PAT.. They will be affected by the change in tax rate!!
Mark 12:29
Deuteronomy 4:16
hisah
#6 Posted : Monday, November 05, 2012 4:14:00 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
As per share price behaviour (weak rally) from 21.50 - 24/- the Q3 numbers will be nothing to write home. KCB, BBK and SCBK have reacted with larger price gains. All the above 3 will also deliver larger dividend payouts...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
cnn
#7 Posted : Tuesday, November 06, 2012 10:18:39 AM
Rank: Veteran


Joined: 6/17/2009
Posts: 1,619
PBT 11.6 billion,PAT 8.3 billion vs 7.29 billion in quarter three 2011.Loan loss provision 1.56 billion versus 1.6 billion a year ago.
youcan'tstopusnow
#8 Posted : Tuesday, November 06, 2012 10:32:49 AM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
PBT is 11.79
Equity reported total assets increased 18.9 percent to 232.2 billion shillings, up from 195.4 billion during the same period. Earnings per
share rose from 2.63 shillings to 2.99 shillings.
"Agents (transcations) will overtake bank branches by Dec and overtake ATMs by June 2013," Mwangi said.
http://af.reuters.com/ar...s/idAFJOE8A501720121106
GOD BLESS YOUR LIFE
youcan'tstopusnow
#9 Posted : Tuesday, November 06, 2012 10:59:48 AM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
PBT seems to be shaping up to come in at the 16.5 - 17 Billion region...
GOD BLESS YOUR LIFE
King G
#10 Posted : Tuesday, November 06, 2012 3:18:03 PM
Rank: Elder


Joined: 6/20/2012
Posts: 3,855
Location: Othumo
youcan'tstopusnow wrote:

"Agents (transcations) will overtake bank branches by Dec and overtake ATMs by June 2013," Mwangi said.


Is this possible and how? how come i dont see this agents or they are doing good business in the rural set-up
Thieves
youcan'tstopusnow
#11 Posted : Tuesday, November 06, 2012 4:11:41 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
King G wrote:
youcan'tstopusnow wrote:

"Agents (transcations) will overtake bank branches by Dec and overtake ATMs by June 2013," Mwangi said.


Is this possible and how? how come i dont see this agents or they are doing good business in the rural set-up

Agency banking is big. Sample this from @kenyainvestor's half year report. Note the industry growth since last year:

"Nearly a quarter of banks in the country have now undertaken agency banking.
As at the end of June 2012, 10 banks had contracted 12,054 agents compared to 6 banks that had contracted
6,513 agents during the first half of 2011. This is an 85% rise in the number of agents
compared to the branch
network by 94 branches or 8.5% to 1,196.
During its half year results presentation, Equity Bank announced that it had more than doubled its number of
agents to 5,004 from 2300.
Their agents now handle 24% of bank transactions, up from 8%, with the C.E.O Dr. James Mwangi projecting that agencies will overtake branches in terms of transactions and volume of money, though he did not give a specific timeframe.
CBK said that at the end of June, the agency network facilitated 18.7 Million transactions valued at Kshs. 93 Billion"
http://www.kenyainvestin...ort-top-5_1174.html?m=1
GOD BLESS YOUR LIFE
wazuaguest
#12 Posted : Tuesday, November 06, 2012 8:22:26 PM
Rank: Member


Joined: 2/9/2012
Posts: 576
youcan'tstopusnow wrote:
King G wrote:
youcan'tstopusnow wrote:

"Agents (transcations) will overtake bank branches by Dec and overtake ATMs by June 2013," Mwangi said.


Is this possible and how? how come i dont see this agents or they are doing good business in the rural set-up

Agency banking is big. Sample this from @kenyainvestor's half year report. Note the industry growth since last year:

"Nearly a quarter of banks in the country have now undertaken agency banking.
As at the end of June 2012, 10 banks had contracted 12,054 agents compared to 6 banks that had contracted
6,513 agents during the first half of 2011. This is an 85% rise in the number of agents
compared to the branch
network by 94 branches or 8.5% to 1,196.
During its half year results presentation, Equity Bank announced that it had more than doubled its number of
agents to 5,004 from 2300.
Their agents now handle 24% of bank transactions, up from 8%, with the C.E.O Dr. James Mwangi projecting that agencies will overtake branches in terms of transactions and volume of money, though he did not give a specific timeframe.
CBK said that at the end of June, the agency network facilitated 18.7 Million transactions valued at Kshs. 93 Billion"
http://www.kenyainvestin...ort-top-5_1174.html?m=1


Agency banking is the next Mpesa.
Africa belongs to Africans.
mwenza
#13 Posted : Wednesday, November 07, 2012 10:51:38 AM
Rank: Elder


Joined: 4/22/2009
Posts: 2,863
guru267 wrote:
VituVingiSana wrote:
Member will be a-OK. Not 100% increases (year-on-year) like seen in the past but 30-50%


Try 12-15% growth in PAT.. They will be affected by the change in tax rate!!



Phenomenal Prediction.
IF YOU EXPECT ME TO POST ANYTHING POSITIVE ABOUT ASENO, YOU MAY AS WELL SIT ON A PIN
hisah
#14 Posted : Friday, November 30, 2012 3:01:07 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
CEO of Equity Bank Kenya named Forbes Africa 2012 Person of the Year | Beat Dangote, Elumelu & Others to Clinch the Award - http://bit.ly/QuqHdG


Quote:
James Mwangi, the CEO of Equity Bank, Kenya has been named the 2012 Forbes Africa Person of the Year by Forbes Magazine. Mwangi beat four other nominees to earn the honour during a ceremony held last night in Lagos.

Dr Mwangi was honored for playing a central role in making Equity Bank the largest bank in East and Central Africa, with more than seven million accounts in Kenya alone. He has also played a crucial role in ensuring banking services, including loans, are available to low income people who previously have in the past been left out of banking services.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
kryptonite
#15 Posted : Friday, November 30, 2012 4:03:54 PM
Rank: Member


Joined: 2/1/2010
Posts: 272
Location: Nairobi
After smooth CEO changeovers at NBK,BBK,KCB, I wonder what Jamo's succession plan is like...
The harder you work, the luckier you get
murchr
#16 Posted : Friday, November 30, 2012 4:39:51 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
kryptonite wrote:
After smooth CEO changeovers at NBK,BBK,KCB, I wonder what Jamo's succession plan is like...


Former KWS Director
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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