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Equity Bank 1H 2013 PBT up 17% to 9B
Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Think Business Award:
Best Bank in Kenya - Overall Winner
Best Bank Tier 1 - 1st Position
Bank with lowest charges (SMEs) - 1st Position
........ *applause*
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Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo
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youcan'tstopusnow wrote:Loans and Advances up 20.9% to Kshs. 150.4 Billion.
Customer Deposits up 21.8% to Kshs. 184 Billion.
Interest Income from loans and advances up a paltry 2.9% to Kshs. 13.7 Billion.
Interest Expenses on customers deposits down 34%. Saviour?
Staff Costs up 13.1% to Kshs. 4.4 Billion.
Net Non-Performing Loans up 221.4% to Kshs. 3.45 Billion.
Loan Book Quality down to 2.3% from 0.86%
Return on Assets - 4.8%
Return on Equity - 28.2%
That increment on NNPL looks scary, any info why that step rise? Thieves
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Hfck is supposed to be trading at par or above equity share. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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King G wrote:youcan'tstopusnow wrote:Loans and Advances up 20.9% to Kshs. 150.4 Billion.
Customer Deposits up 21.8% to Kshs. 184 Billion.
Interest Income from loans and advances up a paltry 2.9% to Kshs. 13.7 Billion.
Interest Expenses on customers deposits down 34%. Saviour?
Staff Costs up 13.1% to Kshs. 4.4 Billion.
Net Non-Performing Loans up 221.4% to Kshs. 3.45 Billion.
Loan Book Quality down to 2.3% from 0.86%
Return on Assets - 4.8%
Return on Equity - 28.2%
That increment on NNPL looks scary, any info why that step rise? NPL spike happened in Q1 due to high interest rate regime and the March 2013 election uncertainty. In Q2, the increase in NPL is marginal (Q1 Net NPL KES 3.25B; Q2 Net NPL KES 3.45) … Going forward, not expecting NPL spike because high interest rate regime and the election uncertainty are now behind us
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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Abt Ksh.9.5B Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Ericsson wrote:Abt Ksh.9.5B Interesting. 23% q/q. Whats the driver?
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Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo
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@mwekez@ji; thanks for the response. Thieves
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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BIDS 296,900
Quantity Price Splits Time
109,400 33.50 7 13:33:44
23,400 33.25 3 13:33:44
10,000 33.00 4 13:33:44
9,100 32.00 4 13:33:44
1,700 31.50 2 13:33:44
ASKS 513,300
Quantity Price Splits Time
178,900 33.75 4 13:33:44
189,900 34.00 8 13:33:44
12,400 34.25 2 13:33:44
17,400 34.50 3 13:33:44
34,600 35.00 6 13:33:44
TRADES
Quantity Price Time
1,000 33.50 13:33:42
6,000 33.50 13:32:29
1,000 33.50 13:25:27
700 33.50 12:58:49
7,900 33.50 12:57:42
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Equity Bank cashing in on Chinese arrivals
Kenya's Equity Bank has scored 2 billion shillings in new deposits in less than six months from a specialised branch in Nairobi to support local Chinese business, helping boost its half-year results, the company said on Monday. "The Chinese are dominating the development of infrastructure in our country and they are creating SMEs (small and medium enterprises) to support the supply chain," Chief Executive James Mwangi told Reuters. "In just under six months of opening, it has built up a deposit base of over 2 billion shillings. That takes our traditional branches over 20 years to build," Mwangi said. The bank had hired Chinese personnel to staff the new branch in the capital so that it could do more business with Chinese firms and residents, who work in many areas of the economy, including building roads and retail, he said. The bank is offering letters of credit and bid bonds for Chinese businesses as part of a push on trade finance generally, helping raise non loan-related income to 36 percent of the total from 33 percent in the same period a year ago.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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mwekez@ji wrote:Equity Bank cashing in on Chinese arrivals
Kenya's Equity Bank has scored 2 billion shillings in new deposits in less than six months from a specialised branch in Nairobi to support local Chinese business, helping boost its half-year results, the company said on Monday. "The Chinese are dominating the development of infrastructure in our country and they are creating SMEs (small and medium enterprises) to support the supply chain," Chief Executive James Mwangi told Reuters. "In just under six months of opening, it has built up a deposit base of over 2 billion shillings. That takes our traditional branches over 20 years to build," Mwangi said. The bank had hired Chinese personnel to staff the new branch in the capital so that it could do more business with Chinese firms and residents, who work in many areas of the economy, including building roads and retail, he said. The bank is offering letters of credit and bid bonds for Chinese businesses as part of a push on trade finance generally, helping raise non loan-related income to 36 percent of the total from 33 percent in the same period a year ago. That's impressive. GOD BLESS YOUR LIFE
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Rank: Elder Joined: 7/22/2009 Posts: 7,460
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Rank: Elder Joined: 7/22/2009 Posts: 7,460
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mwekez@ji wrote:Equity Bank cashing in on Chinese arrivals
Kenya's Equity Bank has scored 2 billion shillings in new deposits in less than six months from a specialised branch in Nairobi to support local Chinese business, helping boost its half-year results, the company said on Monday. "The Chinese are dominating the development of infrastructure in our country and they are creating SMEs (small and medium enterprises) to support the supply chain," Chief Executive James Mwangi told Reuters. "In just under six months of opening, it has built up a deposit base of over 2 billion shillings. That takes our traditional branches over 20 years to build," Mwangi said. The bank had hired Chinese personnel to staff the new branch in the capital so that it could do more business with Chinese firms and residents, who work in many areas of the economy, including building roads and retail, he said.
The bank is offering letters of credit and bid bonds for Chinese businesses as part of a push on trade finance generally, helping raise non loan-related income to 36 percent of the total from 33 percent in the same period a year ago. Hii dio inaitwo hakiri. By the time the others are jumping onto the bandwagon, Chinese business men will already be knowing which bank you should be doing business with in Kenya. Very impressed!!! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 6/23/2009 Posts: 13,555 Location: nairobi
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MaichBlack wrote:mwekez@ji wrote:Equity Bank cashing in on Chinese arrivals
Kenya's Equity Bank has scored 2 billion shillings in new deposits in less than six months from a specialised branch in Nairobi to support local Chinese business, helping boost its half-year results, the company said on Monday. "The Chinese are dominating the development of infrastructure in our country and they are creating SMEs (small and medium enterprises) to support the supply chain," Chief Executive James Mwangi told Reuters. "In just under six months of opening, it has built up a deposit base of over 2 billion shillings. That takes our traditional branches over 20 years to build," Mwangi said. The bank had hired Chinese personnel to staff the new branch in the capital so that it could do more business with Chinese firms and residents, who work in many areas of the economy, including building roads and retail, he said.
The bank is offering letters of credit and bid bonds for Chinese businesses as part of a push on trade finance generally, helping raise non loan-related income to 36 percent of the total from 33 percent in the same period a year ago. Hii dio inaitwo hakiri. By the time the others are jumping onto the bandwagon, Chinese business men will already be knowing which bank you should be doing business with in Kenya. Very impressed!!! Hii Mwangi ni mtu sharp tu sana
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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Good, he only need to make those ATMs faster and more efficient as they were last year. Hii mambo ya ku-hung-hung will send us the middle class back to Barclays and Stanchat!  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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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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#Focus on innovation #Mambo Bado
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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The bancassurance business continued to perform very well and is now the second largest insurance intermediary in terms of premiums, volumes and profitability.
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Total Operating Income was inline with my expectations but I was expecting a drop q/q in Total operating expenses (TOE) as the bank moved to low cost delivery channels such as Agency banking...this didnt happen infact Q2 2013 TOE were 18% ahead of my estimate as staff costs increased...it looks like Member is hiring again....overall investors should be concerned by the banks subsidiaries underperfomance could be Members Kenyan business model doesnt work in the regions. Subsidiaries are expected to be key drivers of growth going forward. The Kenyan market is mature and compe is intense.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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the deal wrote:....investors should be concerned by the banks subsidiaries underperfomance could be Members Kenyan business model doesnt work in the regions. I see external challenges facing the regional subsidiaries which will subdue to deliver good income. Other banks with subsidiaries in these countries are facing the same challenges so this is not isolate to Memba. ... Awaiting Simba
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Equity Bank 1H 2013 PBT up 17% to 9B
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