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Equity Bank FY 2014 results profit after tax 29%
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muganda
#1 Posted : Tuesday, March 10, 2015 9:16:32 AM
Rank: Elder


Joined: 9/15/2006
Posts: 3,905
Scattered thoughts from live feed...

Growth:
14% operating income
19% operating expenses
interest income 11%
interest expense 15%
other incomes 19%
staff costs grow 20%
cost income ratio 52%

balance sheet grew 24% deposits 26% (growing in favour of current accounts and term deposits 12%)

assets grow 24% loan book 25%


The say they've overtaken KCB
Return on Equity 30%
Return on Assets 5.5%
(claiming to be 2nd best bank in the world on these measures)
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The optimist
#2 Posted : Tuesday, March 10, 2015 9:21:28 AM
Rank: Member


Joined: 6/14/2010
Posts: 521
Location: Nairobi
muganda wrote:
Scattered thoughts from live feed...

Growth:
14% operating income
19% operating expenses
interest income 11%
interest expense 15%
other incomes 19%
staff costs grow 20%
cost income ratio 52%

balance sheet grew 24% deposits 26% (growing in favour of current accounts and term deposits 12%)

assets grow 24% loan book 25%


The say they've overtaken KCB
Return on Equity 30%
Return on Assets 5.5%
(claiming to be 2nd best bank in the world on these measures)

Impressive resultsApplause
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jwatesh
#3 Posted : Tuesday, March 10, 2015 9:21:57 AM
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Joined: 8/19/2014
Posts: 125
Equity now the most profitable bank 17.2bn for Equity vs 16.8bn for KCB in profit after tax
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mlennyma
#4 Posted : Tuesday, March 10, 2015 9:25:56 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
jwatesh wrote:
Equity now the most profitable bank 17.2bn for Equity vs 16.8bn for KCB in profit after tax

Applause Applause let the share price make that change on which should be higher
"Don't let the fear of losing be greater than the excitement of winning."
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muganda
#5 Posted : Tuesday, March 10, 2015 9:26:40 AM
Rank: Elder


Joined: 9/15/2006
Posts: 3,905
jwatesh wrote:
Equity now the most profitable bank 17.2bn for Equity vs 16.8bn for KCB in profit after tax


Indeed the details in full https://www.nse.co.ke/listed-com...gs-ltd-full-year-results
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mwekez@ji
#6 Posted : Tuesday, March 10, 2015 9:32:32 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
Impressive numbers
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mwekez@ji
#7 Posted : Tuesday, March 10, 2015 9:36:17 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
muganda wrote:


.....

Return on Equity 30%
Return on Assets 5.5%
(claiming to be 2nd best bank in the world on these measures)


I believe them. Kenyan banks charge quite an interest rate
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Pesa Nane
#8 Posted : Tuesday, March 10, 2015 9:47:53 AM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Dividend of Ksh. 1.80 to be paid 30 April 2015
Register closes 20 March 2015
Pesa Nane plans to be shilingi when he grows up.
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LAIKIPIA
#9 Posted : Tuesday, March 10, 2015 9:55:07 AM
Rank: New-farer


Joined: 1/6/2015
Posts: 23
liking the share movement
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MaichBlack
#10 Posted : Tuesday, March 10, 2015 9:56:40 AM
Rank: Elder


Joined: 7/22/2009
Posts: 7,460
Angelica _ann , arkard , Boris Boyka , deadpoet , georgegop , gmg ,
Guest (56), Kalameni , kryptonite , MaichBlack , maka , Pesa Nane
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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mlennyma
#11 Posted : Tuesday, March 10, 2015 9:57:55 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
Pesa Nane wrote:
Dividend of Ksh. 1.80 to be paid 30 April 2015
Register closes 20 March 2015

Applause smile quick, quick no delays
"Don't let the fear of losing be greater than the excitement of winning."
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mwekez@ji
#12 Posted : Tuesday, March 10, 2015 10:00:21 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
muganda wrote:


......

The say they've overtaken KCB

.....



Hapa wametudanganya. PBT ndiyo msema kweli. Wasingeuza HFCK hiyo PAT haingepita KCB
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mlennyma
#13 Posted : Tuesday, March 10, 2015 10:03:42 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
mwekez@ji wrote:
muganda wrote:


......

The say they've overtaken KCB

.....



Hapa wametudanganya. PBT ndiyo msema kweli. Wasingeuza HFCK hiyo PAT haingepita KCB

my friend what counts always to you is what you take home after paying debts,even selling shares is their business plan which added income
"Don't let the fear of losing be greater than the excitement of winning."
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jwatesh
#14 Posted : Tuesday, March 10, 2015 10:06:29 AM
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Joined: 8/19/2014
Posts: 125
Just bought a huge bulk of equity stock at 52 at market open, I dont think we will be seeing that price ever again
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mwekez@ji
#15 Posted : Tuesday, March 10, 2015 10:16:24 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
mlennyma wrote:
mwekez@ji wrote:
muganda wrote:


......

The say they've overtaken KCB

.....



Hapa wametudanganya. PBT ndiyo msema kweli. Wasingeuza HFCK hiyo PAT haingepita KCB

my friend what counts always to you is what you take home after paying debts,even selling shares is their business plan which added income

Cool. Let's talk at 1Q 2015. Can we place a wager. JD for me
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mlennyma
#16 Posted : Tuesday, March 10, 2015 10:35:07 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
jwatesh wrote:
Just bought a huge bulk of equity stock at 52 at market open, I dont think we will be seeing that price ever again

equity will still trade at 47 range bwana
"Don't let the fear of losing be greater than the excitement of winning."
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Ericsson
#17 Posted : Tuesday, March 10, 2015 10:35:16 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
Disappointing results from equity bank.
The profit before tax is at sh.21.3bn in 2014 compared to ksh.19.15bn.
That gap between it and KCB wacha tuu
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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kryptonite
#18 Posted : Tuesday, March 10, 2015 10:36:27 AM
Rank: Member


Joined: 2/1/2010
Posts: 272
Location: Nairobi
mwekez@ji wrote:
muganda wrote:


......

The say they've overtaken KCB

.....



Hapa wametudanganya. PBT ndiyo msema kweli. Wasingeuza HFCK hiyo PAT haingepita KCB


Kweli kabisa
The harder you work, the luckier you get
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MaichBlack
#19 Posted : Tuesday, March 10, 2015 10:42:30 AM
Rank: Elder


Joined: 7/22/2009
Posts: 7,460
As some wazuans are busy saying Dr. Mwangi has lost the plot, he is gambling with shareholders money, he is confusing hobbies with business....

Others are getting paid....
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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MaichBlack
#20 Posted : Tuesday, March 10, 2015 10:44:46 AM
Rank: Elder


Joined: 7/22/2009
Posts: 7,460
kryptonite wrote:
mwekez@ji wrote:
muganda wrote:


......

The say they've overtaken KCB

.....



Hapa wametudanganya. PBT ndiyo msema kweli. Wasingeuza HFCK hiyo PAT haingepita KCB


Kweli kabisa

Were they given those shares free of charge. They made an investment (which was reflected as cash OUT at the time). Now they have reaped from the investment and you have a problem with it?
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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