Wazua
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Equity Group FY 2015 profit before tax up 7%
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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MaichBlack wrote:mlennyma wrote:MaichBlack wrote:An almost 6 Billion hit from South Sudan!!!
Hiyo Sudan!!!!
KCB - 6 Billion.
CFC - 7 Billion.
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And counting.... So far its clear that entering s sudan for all banks was disastrous and wrong timed but may be in future they will recoup their investments, The was only one problem - forex losses due to a huge currency devaluation!!! are you not factoring the loss of business due to the political unrest? "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI
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Equity Bank has put South Sudan subsidiary in exit position meaning the subsidiary is on the verge of shutdown Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Ericsson wrote:Equity Bank has put South Sudan subsidiary in exit position meaning the subsidiary is on the verge of shutdown Link? Wise move if true The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI
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It was on the twitter handle for the full year 2015 results Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 8/10/2014 Posts: 992 Location: Kenya
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Ericsson wrote:Equity Bank has put South Sudan subsidiary in exit position meaning the subsidiary is on the verge of shutdown CEO said no exit plans. They are now bagging a huge deal with UN and other NGOs to handle all the funds they send. Plus they handle embassy funds...retail banking though isnt vibrant
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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I remain short the banks! $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Nothing on Equitel's impact @hisah what's your view? "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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Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI
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'Since the South Sudan Currency devaluation started, we adopted an exit strategy' Says Equity Bank CEO J Mwangi Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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watesh wrote:Ericsson wrote:Equity Bank has put South Sudan subsidiary in exit position meaning the subsidiary is on the verge of shutdown CEO said no exit plans. They are now bagging a huge deal with UN and other NGOs to handle all the funds they send. Plus they handle embassy funds...retail banking though isnt vibrant ask cfc the risk of relying on that kind of business without sustainable retail business "Don't let the fear of losing be greater than the excitement of winning."
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Rank: New-farer Joined: 1/21/2015 Posts: 31
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mlennyma wrote:watesh wrote:Ericsson wrote:Equity Bank has put South Sudan subsidiary in exit position meaning the subsidiary is on the verge of shutdown CEO said no exit plans. They are now bagging a huge deal with UN and other NGOs to handle all the funds they send. Plus they handle embassy funds...retail banking though isnt vibrant ask cfc the risk of relying on that kind of business without sustainable retail business cfc have a story to tell to future generations of upcoming banks.   Ask & it'll be given to you,seek & you shall find..Mathew:7:7
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Wazua
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Equity Group FY 2015 profit before tax up 7%
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