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Pesa Nane
#1 Posted : Friday, August 25, 2017 2:09:33 PM
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Joined: 5/25/2012
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Pesa Nane plans to be shilingi when he grows up.
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Pesa Nane
#2 Posted : Friday, August 25, 2017 2:11:15 PM
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Pesa Nane plans to be shilingi when he grows up.
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Pesa Nane
#3 Posted : Friday, August 25, 2017 2:16:58 PM
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Quote:
Long-term Borrowings

Long-term borrowings comprise of;


Diamond Trust Bank Kenya Limited
 Subordinated debt and senior loan facilities of US $ 41.7 million and US $ 3.5 million, respectively, raised from International Finance Corporation.
 Senior loan facilities of US $ 27.2 million, US $ 22.5 million and US $ 5.0 million raised from Proparco, Deutsche Investitions- und Entwicklungsgesellschaft (DEG) and Agence Française de Développement (AFD) respectively .
 Trade finance borrowing from ICICI Bank Limited of US$ 28.3 million to finance trade transactions.


Diamond Trust Bank Uganda Limited
 Subordinated debt facilities raised from DEG and IFC with outstanding balance of US $ 5.0 million each.
 Administered funds from Bank of Uganda with outstanding balance of Ushs 686 million and US$ 7.5million senior loan from DEG).
 Senior loan facility of US $ 5.0 million from AFD.


Diamond Trust Bank Tanzania Limited
 Subordinated debt facilities raised from DEG and IFC with outstanding balance of US $ 7.5million and US $ 5.0 million, respectively.

These notes bear interest at rates referenced to the six months Libor.
Pesa Nane plans to be shilingi when he grows up.
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Mkondoa Macho
#4 Posted : Friday, August 25, 2017 2:20:55 PM
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Joined: 2/7/2016
Posts: 79
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Pesa Nane wrote:

The only listed companies increasing their earnings this year are Total hy 33% and kenokkobil hy 20%. There may be one or two others but that's just it. DTB has posted a decline in EPS which I did not expect. It shows that their exposure in Kenya is higher than I previously imagined.
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lochaz-index
#5 Posted : Friday, August 25, 2017 2:53:26 PM
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Joined: 9/18/2014
Posts: 1,127
Clear as day why it has been the best performing banking stock since the advent of caps. However, those are huge USD loans pegged on the libor which has been on an upward trajectory with the possibility that it might reach 6% on a two year outlook. Not to mention that it is generating revenue in weak(er) EA currencies and servicing the debts in USD which will likely go on a blinder of a rally.
The main purpose of the stock market is to make fools of as many people as possible.
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KulaRaha
#6 Posted : Friday, August 25, 2017 3:04:26 PM
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Joined: 7/26/2007
Posts: 6,514
Wapi Nakumatt provisions?
Business opportunities are like buses,there's always another one coming
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obiero
#7 Posted : Friday, August 25, 2017 3:32:05 PM
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Joined: 6/23/2009
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Location: nairobi
KulaRaha wrote:
Wapi Nakumatt provisions?

KQ pia

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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VituVingiSana
#8 Posted : Friday, August 25, 2017 3:37:05 PM
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Joined: 1/3/2007
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Location: Nairobi
lochaz-index wrote:
Clear as day why it has been the best performing banking stock since the advent of caps. However, those are huge USD loans pegged on the libor which has been on an upward trajectory with the possibility that it might reach 6% on a two year outlook. Not to mention that it is generating revenue in weak(er) EA currencies and servicing the debts in USD which will likely go on a blinder of a rally.

Probably on-lent in USD or forex at rates referenced to LIBOR. I doubt most KE banks borrow in forex to lend in KES coz of the risks you outlined.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Angelica _ann
#9 Posted : Friday, August 25, 2017 3:56:00 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
obiero wrote:
KulaRaha wrote:
Wapi Nakumatt provisions?

KQ pia


Laughing out loudly Laughing out loudly Laughing out loudly
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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lochaz-index
#10 Posted : Friday, August 25, 2017 4:04:44 PM
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Joined: 9/18/2014
Posts: 1,127
VituVingiSana wrote:
lochaz-index wrote:
Clear as day why it has been the best performing banking stock since the advent of caps. However, those are huge USD loans pegged on the libor which has been on an upward trajectory with the possibility that it might reach 6% on a two year outlook. Not to mention that it is generating revenue in weak(er) EA currencies and servicing the debts in USD which will likely go on a blinder of a rally.

Probably on-lent in USD or forex at rates referenced to LIBOR. I doubt most KE banks borrow in forex to lend in KES coz of the risks you outlined.

If that's the case then, both risks (potential double whammy) are minimized.
The main purpose of the stock market is to make fools of as many people as possible.
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KulaRaha
#11 Posted : Friday, August 25, 2017 4:26:29 PM
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Joined: 7/26/2007
Posts: 6,514
obiero wrote:
KulaRaha wrote:
Wapi Nakumatt provisions?

KQ pia


Computer generated numbers....

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
Business opportunities are like buses,there's always another one coming
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MadDoc
#12 Posted : Friday, August 25, 2017 4:45:11 PM
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Joined: 10/26/2015
Posts: 151
KulaRaha wrote:
Wapi Nakumatt provisions?


Their credit impairment charges actually reduced. Maybe it's due to the impending Kq debt share swap.
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Ericsson
#13 Posted : Tuesday, November 28, 2017 10:29:31 PM
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Joined: 12/4/2009
Posts: 10,699
Location: NAIROBI
Habib Bank faces $629.6M fine from New York State Dept. of Financial Services for money laundering few months after selling its Kenyan business to Diamond Trust Bank Kenya
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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KulaRaha
#14 Posted : Wednesday, November 29, 2017 7:16:56 AM
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Joined: 7/26/2007
Posts: 6,514
Finally they are taking a few provisions for Nakumatt...who is their auditor?
Business opportunities are like buses,there's always another one coming
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