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KCB 2018 and Beyond
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lochaz-index
#21 Posted : Thursday, July 26, 2018 9:06:43 PM
Rank: Veteran

Joined: 9/18/2014
Posts: 1,127
VituVingiSana wrote:
Ericsson wrote:
Kcb bank kenya got tired of waiting for NBK and decided to pursue other alternatives.
The bidder that dropped out was DTB

I can understand why DTB bid for Imperial given the market segment DTB and Imperial were in BUT of what benefit is Imperial to KCB?

As for NBK, without the "favored son" concessions, what value does NBK bring to KCB?

Also can't see KCB's angle in this deal. More importantly why does KCB keep dipping its toes in murky waters...Chase, Imperial etc? Is it a lack of ideas or has KCB become the de facto cookie jar for distressed banks?
The main purpose of the stock market is to make fools of as many people as possible.
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Ericsson
#22 Posted : Thursday, July 26, 2018 9:34:01 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
lochaz-index wrote:
VituVingiSana wrote:
Ericsson wrote:
Kcb bank kenya got tired of waiting for NBK and decided to pursue other alternatives.
The bidder that dropped out was DTB

I can understand why DTB bid for Imperial given the market segment DTB and Imperial were in BUT of what benefit is Imperial to KCB?

As for NBK, without the "favored son" concessions, what value does NBK bring to KCB?

Also can't see KCB's angle in this deal. More importantly why does KCB keep dipping its toes in murky waters...Chase, Imperial etc? Is it a lack of ideas or has KCB become the de facto cookie jar for distressed banks?


Because they are sold at bargains and that route is another way of growing.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Horton
#23 Posted : Thursday, July 26, 2018 9:58:38 PM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Ericsson wrote:
lochaz-index wrote:
VituVingiSana wrote:
Ericsson wrote:
Kcb bank kenya got tired of waiting for NBK and decided to pursue other alternatives.
The bidder that dropped out was DTB

I can understand why DTB bid for Imperial given the market segment DTB and Imperial were in BUT of what benefit is Imperial to KCB?

As for NBK, without the "favored son" concessions, what value does NBK bring to KCB?

Also can't see KCB's angle in this deal. More importantly why does KCB keep dipping its toes in murky waters...Chase, Imperial etc? Is it a lack of ideas or has KCB become the de facto cookie jar for distressed banks?


Because they are sold at bargains and that route is another way of growing.



Yeah I agree with Ericsson. It’s a way of growing, it would have been disconcerting if they bought into chase or IBL before all the drama. But after, they are like bargain hunters saa za Jioni
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KulaRaha
#24 Posted : Friday, July 27, 2018 9:03:46 AM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
There's a difference between bargain hunting and garbage collection.

IBL is pure garbage.
Business opportunities are like buses,there's always another one coming
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Gathige
#25 Posted : Friday, July 27, 2018 10:25:43 AM
Rank: Elder

Joined: 3/29/2011
Posts: 2,242
KulaRaha wrote:
There's a difference between bargain hunting and garbage collection.

IBL is pure garbage.


There is cash too in Garbage, literally. https://www.nytimes.com/...5iht-trash.4211783.html
"Things that matter most must never be at the mercy of things that matter least." Goethe
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lochaz-index
#26 Posted : Friday, July 27, 2018 10:45:07 AM
Rank: Veteran

Joined: 9/18/2014
Posts: 1,127
Horton wrote:
Ericsson wrote:
lochaz-index wrote:
VituVingiSana wrote:
Ericsson wrote:
Kcb bank kenya got tired of waiting for NBK and decided to pursue other alternatives.
The bidder that dropped out was DTB

I can understand why DTB bid for Imperial given the market segment DTB and Imperial were in BUT of what benefit is Imperial to KCB?

As for NBK, without the "favored son" concessions, what value does NBK bring to KCB?

Also can't see KCB's angle in this deal. More importantly why does KCB keep dipping its toes in murky waters...Chase, Imperial etc? Is it a lack of ideas or has KCB become the de facto cookie jar for distressed banks?


Because they are sold at bargains and that route is another way of growing.



Yeah I agree with Ericsson. It’s a way of growing, it would have been disconcerting if they bought into chase or IBL before all the drama. But after, they are like bargain hunters saa za Jioni

Still doesn't add up. I see no synergies whatsoever between the good IBL loan book - if at all it exists and if it exists would it be of substantial quantity to warrant a bid? - and KCB's modus operandi.

Secondly, if the respective 'good' books of distressed banks were offering sweet discounts vs value don't you think the suitors would be by the bucket load (with the deal having been sealed ages ago) as opposed to the current long drawn out one way flogging?
The main purpose of the stock market is to make fools of as many people as possible.
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shiznit
#27 Posted : Friday, July 27, 2018 11:46:04 AM
Rank: New-farer

Joined: 5/21/2013
Posts: 72
Location: KENYA
KulaRaha wrote:
Horton wrote:
KulaRaha wrote:
Word is KCB was "forced" to make a bid since no one wanted Imperial.



There we go shooting in the dark again........IBL has good loan book. I guess this is what KCB is targeting

As it is KCB has deep pockets


IBL good loan book is tiny...that's why DTB didn't buy despite the target customer being the same.



Isn't it possible DTB had to drop out coz of conflict of interest/moral hazard? Possible that it was used as a conduit for some of the illicit Imperial funds.
“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes
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Ericsson
#28 Posted : Monday, July 30, 2018 5:16:09 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
shiznit wrote:
KulaRaha wrote:
Horton wrote:
KulaRaha wrote:
Word is KCB was "forced" to make a bid since no one wanted Imperial.



There we go shooting in the dark again........IBL has good loan book. I guess this is what KCB is targeting

As it is KCB has deep pockets


IBL good loan book is tiny...that's why DTB didn't buy despite the target customer being the same.



Isn't it possible DTB had to drop out coz of conflict of interest/moral hazard? Possible that it was used as a conduit for some of the illicit Imperial funds.


I've heard that too,the two owners have close ties
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#29 Posted : Monday, July 30, 2018 5:17:47 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
https://kenyanwallstreet...sion-for-imperial-bank/

The Central Bank of Kenya (CBK) is set to apply for Imperial Bank’s receivership extension to allow the bank to engage further with KCB Group according to the CBK governor.

The CBK and the Kenya Depositors Insurance Corporation (KDIC) this week announced that KCB Group is the leading bidder in taking over Imperial Bank.

CBK governor Dr Njoroge said:

“We need more time to get a better deal. The biggest issue now is the valuation of the loans.”

However, it is not exactly clear how much more time CBK is seeking for the extension. “Our lawyers will advise us on this. But of course, it is getting clearer with KCB in the picture,” he asserted.
The Receivership

The upcoming receivership extension will be the fourth that CBK has requested for from the court. The current extension will expire at the end of this month.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ebenyo
#30 Posted : Monday, July 30, 2018 6:37:26 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
Ericsson wrote:
https://kenyanwallstreet.com/cbk-to-seek-another-receivership-extension-for-imperial-bank/

The Central Bank of Kenya (CBK) is set to apply for Imperial Bank’s receivership extension to allow the bank to engage further with KCB Group according to the CBK governor.

The CBK and the Kenya Depositors Insurance Corporation (KDIC) this week announced that KCB Group is the leading bidder in taking over Imperial Bank.

CBK governor Dr Njoroge said:

“We need more time to get a better deal. The biggest issue now is the valuation of the loans.”

However, it is not exactly clear how much more time CBK is seeking for the extension. “Our lawyers will advise us on this. But of course, it is getting clearer with KCB in the picture,” he asserted.
The Receivership


go .
CBK should not play hard.If KCB bid is fine let it
The upcoming receivership extension will be the fourth that CBK has requested for from the court. The current extension will expire at the end of this month.



CBK should not play hard to get.If KCB bid is fine let it go
Towards the goal of financial freedom
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  | | Edit by user: Monday, July 30, 2018 6:40 PM | Reason: missing letters
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