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Coop Bank 2019 and beyond
Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Ericsson wrote:With the acquisition,coop bank is on the path to recover the number three position in terms of asset base.
The position has being taken by NCBA Would you know why CBA (then) pulled out the deal to purchase/acquire Jamii Bora Bank? 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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Rank: Chief Joined: 1/3/2007 Posts: 18,117 Location: Nairobi
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Angelica _ann wrote:Ericsson wrote:With the acquisition,coop bank is on the path to recover the number three position in terms of asset base.
The position has being taken by NCBA Would you know why CBA (then) pulled out the deal to purchase/acquire Jamii Bora Bank? NIC happened. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,701 Location: NAIROBI
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VituVingiSana wrote:Angelica _ann wrote:Ericsson wrote:With the acquisition,coop bank is on the path to recover the number three position in terms of asset base.
The position has being taken by NCBA Would you know why CBA (then) pulled out the deal to purchase/acquire Jamii Bora Bank? NIC happened. Good answer Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,701 Location: NAIROBI
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Co-operative Bank of Kenya has proposed to fully acquire Jamii Bora Bank, offering a lifeline to the troubled small tier lender that was also the target of CBA Bank. Jamii Bora has insufficient capital and has been looking for a buyer, partly under pressure from the CBK, which has preferred to shepherd mergers rather than shut down weak institutions. Analysts see Co-op Bank’s proposal as more of a rescue deal for Jamii Bora, adding that it will in the short term have little impact on the country’s third-largest bank by profitability. “We don’t think the acquisition will add much to Co-op’s balance sheet. Jamii Bora also has a leasing business; this may help Co-op grow its leasing business,” AIB Capital said in a brief following the deal’s announcement. “Early last year, it was reported that CBA was interested in purchasing the bank for Sh1.4 billion. We expect Co-op to offer a similar amount.” AIB noted that Jamii Bora, which has a 0.21 percent market share, has a high default rate. The small lender, whose latest available financial statements are for 2018, has bad debt amounting to 69 percent of its total loan book. Among those that were to be bought out in the CBA deal were former Jamii Bora’s chief executive, Sam Kimani, and his successor Tim Kabiru. The two were to get an estimated Sh238 million combined through their investment vehicle Asterisk Holdings, which has a 17 percent stake in the small lender. Private equity firm Catalyst Principal Partners was to get Sh224 million for its 16 percent equity while Shorecap Limited was in line for Sh238 million on its 17 percent equity. Jamii Bora Scandinavia was to get Sh224 million for its 16 per cent stake. The bank also has hundreds of individual investors. https://www.businessdail...487628-qo58yh/index.htmlWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 12/1/2007 Posts: 539 Location: Nakuru
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[quote=Ericsson]Co-operative Bank of Kenya has proposed to fully acquire Jamii Bora Bank, offering a lifeline to the troubled small tier lender that was also the target of CBA Bank. Jamii Bora has insufficient capital and has been looking for a buyer, partly under pressure from the CBK, which has preferred to shepherd mergers rather than shut down weak institutions. Analysts see Co-op Bank’s proposal as more of a rescue deal for Jamii Bora, adding that it will in the short term have little impact on the country’s third-largest bank by profitability. “We don’t think the acquisition will add much to Co-op’s balance sheet. Jamii Bora also has a leasing business; this may help Co-op grow its leasing business,” AIB Capital said in a brief following the deal’s announcement. “Early last year, it was reported that CBA was interested in purchasing the bank for Sh1.4 billion. We expect Co-op to offer a similar amount.” AIB noted that Jamii Bora, which has a 0.21 percent market share, has a high default rate. The small lender, whose latest available financial statements are for 2018, has bad debt amounting to 69 percent of its total loan book. Among those that were to be bought out in the CBA deal were former Jamii Bora’s chief executive, Sam Kimani, and his successor Tim Kabiru. The two were to get an estimated Sh238 million combined through their investment vehicle Asterisk Holdings, which has a 17 percent stake in the small lender. Private equity firm Catalyst Principal Partners was to get Sh224 million for its 16 percent equity while Shorecap Limited was in line for Sh238 million on its 17 percent equity. Jamii Bora Scandinavia was to get Sh224 million for its 16 per cent stake. The bank also has hundreds of individual investors. https://www.businessdail...87628-qo58yh/index.html[/quote] 69% npl jeso 😱😱😱😱 For investors as a whole, returns decrease as motion increases ~ WB
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Rank: Elder Joined: 8/16/2011 Posts: 2,297
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That was proposal, no formal engagement, just stealing some nights to visit this poor jamii girl who need dinner. The Jamii girl will at this point have no effects on figures coming soon FY2019. They will just mention the intention after proposal for the rich to marry from the poor   Can see 1 to 1.40 bob coming soon as Dividend.
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Rank: Member Joined: 12/1/2007 Posts: 539 Location: Nakuru
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Meanwhile the corona is causing a tumble to 12.95 For investors as a whole, returns decrease as motion increases ~ WB
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Rank: Elder Joined: 12/4/2009 Posts: 10,701 Location: NAIROBI
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https://www.businessdail...23714-hhhac3/index.html
Co-operative Bank of Kenya shareholders will from next week Thursday start receiving Sh5.86 billion dividend despite the coronavirus pandemic that has interfered with the holding of the annual general meeting (AGM). The lender has told its investors that the dividend shall be paid on or about April 23, being earlier than the pay date for last year when shareholders received dividends from June 7. This is in line with the advice from the Capital Markets Authority (CMA), which on April 3 allowed firms to pay dividends without approval from shareholders. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Ericsson wrote:https://www.businessdailyafrica.com/corporate/companies/Coop-Bank-shareholders-to-get-dividend-next-week/4003102-5523714-hhhac3/index.html
Co-operative Bank of Kenya
shareholders will from next week Thursday start receiving Sh5.86 billion dividend despite the coronavirus pandemic that has interfered with the holding of the annual general meeting (AGM).
The lender has told its investors that the dividend shall be paid on or about April 23, being earlier than the pay date for last year when shareholders received dividends from June 7.
This is in line with the advice from the Capital Markets Authority (CMA), which on April 3 allowed firms to pay dividends without approval from shareholders. Was wondering the share spike to 13.5 bob, now i know!!! 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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Rank: Member Joined: 12/1/2007 Posts: 539 Location: Nakuru
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Angelica _ann wrote:Ericsson wrote:https://www.businessdailyafrica.com/corporate/companies/Coop-Bank-shareholders-to-get-dividend-next-week/4003102-5523714-hhhac3/index.html
Co-operative Bank of Kenya
shareholders will from next week Thursday start receiving Sh5.86 billion dividend despite the coronavirus pandemic that has interfered with the holding of the annual general meeting (AGM).
The lender has told its investors that the dividend shall be paid on or about April 23, being earlier than the pay date for last year when shareholders received dividends from June 7.
This is in line with the advice from the Capital Markets Authority (CMA), which on April 3 allowed firms to pay dividends without approval from shareholders. Was wondering the share spike to 13.5 bob, now i know!!! When is book closure? 14th? For investors as a whole, returns decrease as motion increases ~ WB
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Rank: Elder Joined: 6/23/2009 Posts: 13,528 Location: nairobi
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Angelica _ann wrote:Ericsson wrote:https://www.businessdailyafrica.com/corporate/companies/Coop-Bank-shareholders-to-get-dividend-next-week/4003102-5523714-hhhac3/index.html
Co-operative Bank of Kenya
shareholders will from next week Thursday start receiving Sh5.86 billion dividend despite the coronavirus pandemic that has interfered with the holding of the annual general meeting (AGM).
The lender has told its investors that the dividend shall be paid on or about April 23, being earlier than the pay date for last year when shareholders received dividends from June 7.
This is in line with the advice from the Capital Markets Authority (CMA), which on April 3 allowed firms to pay dividends without approval from shareholders. Was wondering the share spike to 13.5 bob, now i know!!! The Kingdom Bank
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 5/31/2011 Posts: 250
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winmak wrote:Angelica _ann wrote:Ericsson wrote:https://www.businessdailyafrica.com/corporate/companies/Coop-Bank-shareholders-to-get-dividend-next-week/4003102-5523714-hhhac3/index.html
Co-operative Bank of Kenya
shareholders will from next week Thursday start receiving Sh5.86 billion dividend despite the coronavirus pandemic that has interfered with the holding of the annual general meeting (AGM).
The lender has told its investors that the dividend shall be paid on or about April 23, being earlier than the pay date for last year when shareholders received dividends from June 7.
This is in line with the advice from the Capital Markets Authority (CMA), which on April 3 allowed firms to pay dividends without approval from shareholders. Was wondering the share spike to 13.5 bob, now i know!!! When is book closure? 14th? Book Closure is today 15th April You lose money chasing women, but you never lose women chasing money - NAS
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Rank: Elder Joined: 12/4/2009 Posts: 10,701 Location: NAIROBI
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Kenyan Oracle wrote:winmak wrote:Angelica _ann wrote:Ericsson wrote:https://www.businessdailyafrica.com/corporate/companies/Coop-Bank-shareholders-to-get-dividend-next-week/4003102-5523714-hhhac3/index.html
Co-operative Bank of Kenya
shareholders will from next week Thursday start receiving Sh5.86 billion dividend despite the coronavirus pandemic that has interfered with the holding of the annual general meeting (AGM).
The lender has told its investors that the dividend shall be paid on or about April 23, being earlier than the pay date for last year when shareholders received dividends from June 7.
This is in line with the advice from the Capital Markets Authority (CMA), which on April 3 allowed firms to pay dividends without approval from shareholders. Was wondering the share spike to 13.5 bob, now i know!!! When is book closure? 14th? Book Closure is today 15th April 23 April They amended to 15 April https://mobile.twitter.c...9902452163387393/photo/1Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 5/31/2011 Posts: 250
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Ericsson wrote:Kenyan Oracle wrote:winmak wrote:Angelica _ann wrote:Ericsson wrote:https://www.businessdailyafrica.com/corporate/companies/Coop-Bank-shareholders-to-get-dividend-next-week/4003102-5523714-hhhac3/index.html
Co-operative Bank of Kenya
shareholders will from next week Thursday start receiving Sh5.86 billion dividend despite the coronavirus pandemic that has interfered with the holding of the annual general meeting (AGM).
The lender has told its investors that the dividend shall be paid on or about April 23, being earlier than the pay date for last year when shareholders received dividends from June 7.
This is in line with the advice from the Capital Markets Authority (CMA), which on April 3 allowed firms to pay dividends without approval from shareholders. Was wondering the share spike to 13.5 bob, now i know!!! When is book closure? 14th? Book Closure is today 15th April 23 April There was an announcement that dates were moved forward. Can't seem to find it. https://kenyanwallstreet...-in-response-to-covid19/You lose money chasing women, but you never lose women chasing money - NAS
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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Ericsson wrote:https://www.businessdailyafrica.com/corporate/companies/Coop-Bank-shareholders-to-get-dividend-next-week/4003102-5523714-hhhac3/index.html
Co-operative Bank of Kenya
shareholders will from next week Thursday start receiving Sh5.86 billion dividend despite the coronavirus pandemic that has interfered with the holding of the annual general meeting (AGM).
The lender has told its investors that the dividend shall be paid on or about April 23, being earlier than the pay date for last year when shareholders received dividends from June 7.
This is in line with the advice from the Capital Markets Authority (CMA), which on April 3 allowed firms to pay dividends without approval from shareholders. kcb si watufanyie sisi pia hivyo. Towards the goal of financial freedom
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Rank: Elder Joined: 6/23/2009 Posts: 13,528 Location: nairobi
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Ebenyo wrote:Ericsson wrote:https://www.businessdailyafrica.com/corporate/companies/Coop-Bank-shareholders-to-get-dividend-next-week/4003102-5523714-hhhac3/index.html
Co-operative Bank of Kenya
shareholders will from next week Thursday start receiving Sh5.86 billion dividend despite the coronavirus pandemic that has interfered with the holding of the annual general meeting (AGM).
The lender has told its investors that the dividend shall be paid on or about April 23, being earlier than the pay date for last year when shareholders received dividends from June 7.
This is in line with the advice from the Capital Markets Authority (CMA), which on April 3 allowed firms to pay dividends without approval from shareholders. kcb si watufanyie sisi pia hivyo. Of course
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 12/1/2007 Posts: 539 Location: Nakuru
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Ericsson wrote:Kenyan Oracle wrote:winmak wrote:Angelica _ann wrote:[quote=Ericsson]https://www.businessdailyafrica.com/corporate/companies/Coop-Bank-shareholders-to-get-dividend-next-week/4003102-5523714-hhhac3/index.html
Co-operative Bank of Kenya
shareholders will from next week Thursday start receiving Sh5.86 billion dividend despite the coronavirus pandemic that has interfered with the holding of the annual general meeting (AGM).
The lender has told its investors that the dividend shall be paid on or about April 23, being earlier than the pay date for last year when shareholders received dividends from June 7.
This is in line with the advice from the Capital Markets Authority (CMA), which on April 3 allowed firms to pay dividends without approval from shareholders. Was wondering the share spike to 13.5 bob, now i know!!! When is book closure? 14th? Book Closure is today 15th April 23 April They amended to 15 April https://mobile.twitter.c...902452163387393/photo/1[/quote] Thanks good people For investors as a whole, returns decrease as motion increases ~ WB
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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winmak wrote:Ericsson wrote:Kenyan Oracle wrote:winmak wrote:Angelica _ann wrote:[quote=Ericsson]https://www.businessdailyafrica.com/corporate/companies/Coop-Bank-shareholders-to-get-dividend-next-week/4003102-5523714-hhhac3/index.html
Co-operative Bank of Kenya
shareholders will from next week Thursday start receiving Sh5.86 billion dividend despite the coronavirus pandemic that has interfered with the holding of the annual general meeting (AGM).
The lender has told its investors that the dividend shall be paid on or about April 23, being earlier than the pay date for last year when shareholders received dividends from June 7.
This is in line with the advice from the Capital Markets Authority (CMA), which on April 3 allowed firms to pay dividends without approval from shareholders. Was wondering the share spike to 13.5 bob, now i know!!! When is book closure? 14th? Book Closure is today 15th April 23 April They amended to 15 April https://mobile.twitter.c...902452163387393/photo/1[/quote] Thanks good people https://mobile.twitter.c...902452163387393/photo/1
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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Rank: Elder Joined: 12/4/2009 Posts: 10,701 Location: NAIROBI
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Coop bank has restructured loans worth ksh.15bn Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 9/14/2011 Posts: 834 Location: nairobi
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Ericsson wrote:Coop bank has restructured loans worth ksh.15bn small relative to KCB and Equity. Are there apparent reasons for that? I don't have coop but maybe i should think about it
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