CfC Stanbic Bank has installed a new core banking platform, Temenos (T24), the last phase in the integration of its operations.

Previously both banks were running their operations on Bankmaster system which could not integrate their different operations with CfC having a focus on retail bank while Stanbic bank was largely focused on corporate banking.

The implementation of the new system will centralise back office functions allowing the bank to redeploy staff to attend to customers.

Whereas the banks have largely retained their independent operations, integration will help reduce the cost of operations, enhance efficiency and overall oversight of the bank operation…Business Daily

I think its a good time to get in. The sleeping giant is about to awaken. That 83B in assets can now be put into good use.

sure sure sure...i have been zooming on and off on cfc stanbic...they have 2 much assets on them surely they can do something with them...cfc stanbic currently trades at ksh 45.50 whereas standard bank Namibia trades at ksh 1000...what about the listing of their insurance arm as a separate entity on the nse...how far have they gone with that??? otharwise its serously undervalued at ksh 45....

I have some 'old' shares since CFC Bank days...
While most other banks have grown the profits, CFCStanbic has been a DUD...

Look at profits for NIC, DTB & I&M Bank... these were 50% of the (balance sheet) size of CFC Stanbic (same size as the old CFC Bank) yet the PAT is the same!!!

NIC, DTB & I&M manage the same PAT as CFCStanbic!!!

Sorta reminds me of KCB & BBK... Same balance sheet size (actually KCB > BBK) but BBK profits almost 2x KCB...

@mukiha - A large portion of the NAV is 'goodwill' acquired during the purchase of Stanbic by CFC (or was it vice versa)...

Is it a case of an overzealous papparazi or? I know for certain CFC put in T24 in 2006, they were no 1 or 2 in this market. it's stanbic that is jumping into T24, so what's new here.....this transaction keeps smelling of Barclays / Nile with each passing day. By the time they are done really intergrating, a lot of CFC clients and staff will have left, leaving us to wonder what they bought beyond the insurance businesses...

Customer's deposits were down from 61bn to 55bn. Loan book was more or less the same at 44bn. Iam not sure about the insurance business but the stock brokerage division will definately post a loss - at least considering the slowdown of the market last year. I think the move to list insurance and banking divisions separate is wise.

@ Mukiha..please educate me.. Who owns CFC Life and Heritage???
I'm informed that Liberty S.A is taking it over..
What's the relationship between Liberty and CFC Stanbic?
What proportion of the outfit listed in the stock market is of CFC Life & Heritage?
..liberty take over of cfc life & Heritage will be complete..that "soon" was meant to have happened by now..plus possible change of name
Jus wondering... when it goes out that Heritage and CFC Life are no longer part of the outfit CFC Stanbic..do you think the market will remain the same concerning cfc stanbic? Especially to the retail investor who is unaware?

CFC Life is owned by CFC Stanbic Holdings

CFC Stanbic is majority [60%] owned by Stanbic Africa

Stanbic Africa is owned by Standard Bank Group of SA.

Liberty is also owned by Standard Bank group

Heritage is majority [64%] owned by CFC Stanbic Holdings and minority [36%] by African Liaison Ltd

The idea announced in Sept last year was to De-Merge CFC life and Heritage from the CFC Stanbic Holdings by creating a new entity [probably called CFC Liberty ]

Shareholders of CFC Stanbic Holding will get one share in CFC Liberty for every share held in CFC Stanbic Holdings.

Then, Stanbic Africa will transfer it's allocation to Liberty Group Ltd - its subsidiary.

It is intended that the new outfit CFC Liberty will get listed at the NSE

This is why I am confident about this stock - CFC Stanbic Holdings. I am betting that after the demerger, the two new companies will be worth more than the combined entity....but I could be wrong!!

NB: the name CFC Liberty is my own creation!!!

No payment will be required for the shares in "CFC Liberty".

You see; we the shareholders of CFC Stanbic Holdings already own a stake in CFC Life & Heritage. We want to hive these two entities from our group so that they stand on their own.

Therefore we shall give ourselves shares in the new company that we shall create. Thus we shall dilute the value (NAV) of our current shares in CFC Stanbic but at the same time get new share in the new company in exchange of the dilution.

My bet is that the total market value of the diluted CFC Stanbic Holding plus the new "CFC Liberty" will be greater than the current combined outfit.

But don't take my word for it: I am betting with free money, it won't hurt if I lose, but it will be exciting if I win!

@proverB so if you don't have free cash and don't want to be tied down, why bother?