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Equity Bank HY14 PBT up 21%
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dunkang
#11 Posted : Wednesday, July 30, 2014 8:44:23 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
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NAIROBI, Kenya July 30 – Equity Bank has recorded a 21 percent net profit growth in the first half of 2014 to Sh7.6 billion compared to Sh6.3 billion recorded in the similar period of 2013.

The bank’s Chief Executive Officer James Mwangi says the growth is mainly driven by non-funded income which grew by 19 percent as well as a 10 percent growth in total income.

“The 19 percent growth in non-funded income was driven mainly by merchants business and payment processing income that grew by 58 percent as well as the growth of Diaspora banking and remittances processing that grew by 23 percent,” he stated.

Mwangi says the bank grew its total assets by 16 percent to Sh303 billion up from Sh262 billion recorded in June 2013 while the loan book grew by 24 percent in the period under review to Sh186.51 billion from Sh150.48 billion recorded in 2013.
Receive with simplicity everything that happens to you.” ― Rashi

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S.Mutaga III
#12 Posted : Wednesday, July 30, 2014 8:56:42 PM
Rank: Member

Joined: 3/26/2012
Posts: 830
Anyone with a link to a pdf version or any copy of the actual results?
A successful man is not he who gets the best, it is he who makes the best from what he gets.
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mlennyma
#13 Posted : Wednesday, July 30, 2014 9:03:18 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
I guess somebody was sleeping to post a new thread.
"Don't let the fear of losing be greater than the excitement of winning."
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muganda
#14 Posted : Wednesday, July 30, 2014 9:53:21 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
S.Mutaga III wrote:
Anyone with a link to a pdf version or any copy of the actual results?


Good growth in assets, liabilities, diaspora, and stemming regional losses http://www.rich.co.ke/media/doc...alf%20Year%20Results.pdf
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bird_man
#15 Posted : Wednesday, July 30, 2014 10:24:14 PM
Rank: Veteran

Joined: 11/2/2006
Posts: 1,206
Location: Nairobi
Boris Boyka wrote:
mlennyma wrote:
The more they delay the mobile money,the more we loose faith in it,and the more mpesa penetrates.

The staff trials were ending last week and it's on this week or next week they were to roll out. asha tungojee

The trials are working but on normal sim.I think they are waiting for CAK to give direction on skin sim.And im sure Safcom will go to court thereafter.... = more delay...or Equity to launch on normal sim,which will make it just another Airtel!
Formally employed people often live their employers' dream & forget about their own.
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S.Mutaga III
#16 Posted : Wednesday, July 30, 2014 11:25:44 PM
Rank: Member

Joined: 3/26/2012
Posts: 830
muganda wrote:
S.Mutaga III wrote:
Anyone with a link to a pdf version or any copy of the actual results?


Good growth in assets, liabilities, diaspora, and stemming regional losses http://www.rich.co.ke/media/doc...alf%20Year%20Results.pdf

Thank you Muganda
A successful man is not he who gets the best, it is he who makes the best from what he gets.
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Sufficiently Philanga....thropic
#17 Posted : Thursday, July 31, 2014 9:37:32 AM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
Proud member. 21% Growth in PAT beats our GDP rate 5 timessmile
@SufficientlyP
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mlennyma
#18 Posted : Thursday, July 31, 2014 9:48:01 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
I saw this man jm talking with alot of optimism,but he said there is an approval they are waiting i dont know which and from who?infact he said they get it today they roll the thing tomorrow.
"Don't let the fear of losing be greater than the excitement of winning."
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S.Mutaga III
#19 Posted : Thursday, July 31, 2014 11:34:05 AM
Rank: Member

Joined: 3/26/2012
Posts: 830
These facts hold the key to MVNO strategy success:
- How much agents will earn from transactions. If they earn more from M-Pesa than from Equity transactions, they will be very reluctant to adopt it. They are also seeking profits do not forget that.
- How will this thing work for phones that use the microsim that has to be cut to fit into the phone? Anyone here who is part of their pilot project to explain that?

I will only jump into this one after I see the way the product performs after being implemented. Until then, I think they are underestimating safaricom. Those are my two cents though
A successful man is not he who gets the best, it is he who makes the best from what he gets.
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Akenyan2014
#20 Posted : Thursday, July 31, 2014 12:03:27 PM
Rank: Member

Joined: 5/6/2014
Posts: 268
Location: Nairobi, Kenya
mlennyma wrote:
I saw this man jm talking with alot of optimism,but he said there is an approval they are waiting i dont know which and from who?infact he said they get it today they roll the thing tomorrow.


You might not be surprised to find out this is the time he is disposing of half of his stake while you are accumulating. Unfortunately news will come when the share price and the news will not be tasting as sweet as they do now.
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