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KCB or Equity Bank?
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target1360
#31 Posted : Monday, May 23, 2016 4:15:20 AM
Rank: Member

Joined: 5/14/2014
Posts: 289
Location: nairobi
watesh wrote:
Ebenyo wrote:
Equity debt to equity ratio60% vs kcb at 36%.Oigara proving to be ahead of Mwangi

Equity is choosing debt because they get it at 4% as compared to term deposits of 15%, then lent it all to govt at 23%...bigger interest margin for them, more interest income. Its the only logical way


i dont think that there is realy that much difference between debt and deposits to a bank
I find satisfaction in owning great business,not trading them
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obiero
#32 Posted : Monday, May 23, 2016 7:04:26 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,477
Location: nairobi
target1360 wrote:
watesh wrote:
Ebenyo wrote:
Equity debt to equity ratio60% vs kcb at 36%.Oigara proving to be ahead of Mwangi

Equity is choosing debt because they get it at 4% as compared to term deposits of 15%, then lent it all to govt at 23%...bigger interest margin for them, more interest income. Its the only logical way


i dont think that there is realy that much difference between debt and deposits to a bank

Bulk of deposits for any major retail bank are not at the said example of 15%, but 0%
COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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Ericsson
#33 Posted : Monday, May 23, 2016 7:41:11 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,836
Location: NAIROBI
James Mwangi should just admit that Equity bank is having difficulties getting customer deposits and that's why they have resorted to borrowing.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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lochaz-index
#34 Posted : Monday, May 23, 2016 8:12:14 AM
Rank: Veteran

Joined: 9/18/2014
Posts: 1,127
Ericsson wrote:
James Mwangi should just admit that Equity bank is having difficulties getting customer deposits and that's why they have resorted to borrowing.

They had a slight dip of deposits in Q1 by 3b which is a divergence from the perceived flight to quality.

All in all some of the banks will be holding a begging bowl in a foul weather market mood.
The main purpose of the stock market is to make fools of as many people as possible.
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watesh
#35 Posted : Monday, May 23, 2016 9:47:47 AM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
Ericsson wrote:
James Mwangi should just admit that Equity bank is having difficulties getting customer deposits and that's why they have resorted to borrowing.

When you lose a whole 29bn in SS (from 43bn to 14bn) due to currency devaluation its bound to be felt in the numbers. Anyway i agree he should do more in the Kenyan and Tanzanian units when it comes to deposits. They are the slowest growers, esp Tz since their net interest margin is just 4-5% indicating expensive term deposits.
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mlennyma
#36 Posted : Monday, May 23, 2016 12:05:03 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
watesh wrote:
Ericsson wrote:
James Mwangi should just admit that Equity bank is having difficulties getting customer deposits and that's why they have resorted to borrowing.

When you lose a whole 29bn in SS (from 43bn to 14bn) due to currency devaluation its bound to be felt in the numbers. Anyway i agree he should do more in the Kenyan and Tanzanian units when it comes to deposits. They are the slowest growers, esp Tz since their net interest margin is just 4-5% indicating expensive term deposits.

the way things are going kenyan companies will have hard time in Tz
"Don't let the fear of losing be greater than the excitement of winning."
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watesh
#37 Posted : Monday, May 23, 2016 2:12:38 PM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
mlennyma wrote:
watesh wrote:
Ericsson wrote:
James Mwangi should just admit that Equity bank is having difficulties getting customer deposits and that's why they have resorted to borrowing.

When you lose a whole 29bn in SS (from 43bn to 14bn) due to currency devaluation its bound to be felt in the numbers. Anyway i agree he should do more in the Kenyan and Tanzanian units when it comes to deposits. They are the slowest growers, esp Tz since their net interest margin is just 4-5% indicating expensive term deposits.

the way things are going kenyan companies will have hard time in Tz

DTB is kicking ass there though, last year they made a whole billion from the market and its still growing fast.
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Othelo
#38 Posted : Monday, May 23, 2016 2:23:41 PM
Rank: User

Joined: 1/20/2014
Posts: 3,528
watesh wrote:
mlennyma wrote:
watesh wrote:
Ericsson wrote:
James Mwangi should just admit that Equity bank is having difficulties getting customer deposits and that's why they have resorted to borrowing.

When you lose a whole 29bn in SS (from 43bn to 14bn) due to currency devaluation its bound to be felt in the numbers. Anyway i agree he should do more in the Kenyan and Tanzanian units when it comes to deposits. They are the slowest growers, esp Tz since their net interest margin is just 4-5% indicating expensive term deposits.

the way things are going kenyan companies will have hard time in Tz

DTB is kicking ass there though, last year they made a whole billion from the market and its still growing fast.

Probably saved by the major shareholders's connections..... Just saying!!!
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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citymayor
#39 Posted : Wednesday, May 25, 2016 10:57:42 AM
Rank: New-farer

Joined: 2/15/2012
Posts: 29
Location: unimportant
stockshunter wrote:
 Largest branch network in the region with presence in all East African Community Countries. The lender has a huge customer base of over 10 million.  Consistent profit growth over the last six years. Profit growth momentum expected to run into 2016.
 Increase in cost efficiency through greater use of mobile and agency banking. Cost to income ratio has been falling over past five years.
KCB is trading at low price to earnings multiple relative to its historical valuation and to its peers.
 The shareholders approved KES 10 billion through a rights issue. The rights issue, expected in the second half of 2016 will slightly dilute shareholders who do not participate. (source SBG securities)


Upcoming rights issue is likely to tank this GEM. Equity Bank earnings are steadily catching up and the PE will look more attractive. Equitel platform is also posting good numbers. The next bull might see Equity testing 70 levels easily
The Emotional Dog and Its Rational Tail
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aemathenge
#40 Posted : Wednesday, May 25, 2016 11:42:21 AM
Rank: Elder

Joined: 10/18/2008
Posts: 3,434
Location: Kerugoya
citymayor wrote:
Equitel platform is also posting good numbers.


what are the risks associated with the warning attributed to the man from Opus?

Link:
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