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Exchange Bar: Results forecast end 2025
Rank: Elder Joined: 12/4/2009 Posts: 10,836 Location: NAIROBI
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@VVS kenya shilling will give in and CBK may have to raise CBK rate to protect it and avoid further depreciation. Lending interest rates will then go up Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Ericsson wrote:@VVS
kenya shilling will give in and CBK may have to raise CBK rate to protect it and avoid further depreciation.
Lending interest rates will then go up Interest rates are capped by law. The consumer is well protected. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 12/4/2009 Posts: 10,836 Location: NAIROBI
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@spikes Read my statement clearly. I have said CBK will then raise the CBK rate which is the rate for pricing loans. For example if CBK rate goes to 14% just know banks will lend you at 18% I.e 14+4 Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Ericsson wrote:@spikes
Read my statement clearly.
I have said CBK will then raise the CBK rate which is the rate for pricing loans.
For example if CBK rate goes to 14% just know banks will lend you at 18% I.e 14+4 It will be a win-win situation as savings will attract 70% of CBR. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 6/23/2009 Posts: 14,476 Location: nairobi
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Ericsson wrote:@Obiero
if I follow the results of Q2 and project to Q3 the figures for KCB is understated and Equity bank overstated.
In Q1 Equity bank did 7.3bn and KCB 6.6bn pretax profit
In Q2 Equity bank did 7bn and KCB 8.5bn
That brought half year results to 14.2bn for Equity bank and 15.1bn for KCB.
I'm wondering how in Q3 Equity will do 7.4bn and KCB 6.5bn; something is amiss.
In my predictions I see Equity in 9 months posting 21bn and KCB 22.4bn.
NB:Interest rates cap was applicable for 16 days out of 92 I am just given these figures at the bar.. Let's wait and see COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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Rank: Elder Joined: 6/23/2009 Posts: 14,476 Location: nairobi
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Reporting season for financial services COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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Rank: Chief Joined: 1/3/2007 Posts: 18,437 Location: Nairobi
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obiero wrote:Reporting season for financial services Equity and I&M Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 14,476 Location: nairobi
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Tomorrow, we compare and contrast COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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Rank: Member Joined: 5/30/2016 Posts: 332 Location: Kayole
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obiero wrote:Reporting season for financial services BBK numbers elder. need to know if to purchase more sub 8 KEGN, KPLC, KQ, SCOM
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Rank: Elder Joined: 6/23/2009 Posts: 14,476 Location: nairobi
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obiero wrote:Q3 2016,figures in KES B:
Equity 21.6
KCB 21.4
COOP 15.1
SCBK 11.3
BBK 8.9
DTB 7.9
I&M 7.2
CFC 5.2
NIC 5.1
HFCK 1.4
NBK 0.67
For the sake of those whose mice cannot scroll COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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