Things are not rosy huko fixed income muziki iko karibu kuisha.... The govt just has a lot of repayment pressure coming its way...

Hii ni PR tupu.
Look at the economic stats of last year and see the growth in private sector credit

This is a very good move from Equity.
Though It looks like rivalry with kcb.
Equity current loan book is kshs 297,226,915,000 billion,while kcb current loan book is kshs 455,880,284,000 billion.
If you add the 150 billion into Equity loan book,it becomes kshs 447,226,915,000! nearly to kcb.
But kcb has already acquired NBK and imperial bank which means there will be increase of their loan book too!

That's what I'm wondering.

Check out the default rates on SME and revert.. Note Fuliza is primarily a consumer lending line and not SME

James Mwangi takes Kenyans to be fools who don't understand the economy.

When they sell they will just realise their paper profits, otherwise they have been booking those gains under "Fair value changes in available for sale financial assets"
There will be a big effect on the cash flow statement but not much on the profit and loss statement

Kcb share price on upward trend while equity bank on downward.
Kcb has just completed acquisition of NBK while equity bank is in the process of acquiring Atlas mara banking assets

To me based on their current prices, Equity is underpriced , it should be at par with KCB if not higher.
But from dividend angle and for dividend hunters like me, please give me more KCB and take away your Equity.
WHY ?
3.5 bob VS 2.0 bob dividend the difference is clear.
KCB also paying dividend twice (interim and final) is also salulatory to us non resident foreigners and retirees like me (income).
KCB is a balanced counter , investing in growth and also compensating shareholders accordingly . Equity is on aggressive growth only .

Different strokes to different folks.
Strictly old papa mzee@Young opinion .