Wazua
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KCB buy buy buy
Rank: Elder Joined: 6/23/2009 Posts: 13,517 Location: nairobi
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heri wrote:Ericsson wrote:obiero wrote:Ebenyo wrote:Ericsson wrote:obiero wrote:Ebenyo wrote:Ericsson wrote:https://www.businessdailyafrica.com/corporate/companies/KCB-restructures-Sh80bn-loans-on-corona-cash-crunch/4003102-5550748-lue4um/index.html
A drop in interest income in the offing plus a dividend reduction I doubt.The percentage is small at 15% 15% of 800B is not small.. Recall that it is a moratorium on P+I @Ebenyo Calculate the figure and tell us it's how much It's kshs 12,000,000,000.How will that affect dividend payments? at worst dividend will remain the same. A fatal assumption.. Note that I hold this stock KCB figure of restructured loans has been revised upwards to ksh.110bn i suppose these figures will continue climbing up now that we are being told covid cases will peak in sept The fact is that many businesses will collapse
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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obiero wrote:heri wrote:Ericsson wrote:obiero wrote:Ebenyo wrote:Ericsson wrote:obiero wrote:Ebenyo wrote:Ericsson wrote:https://www.businessdailyafrica.com/corporate/companies/KCB-restructures-Sh80bn-loans-on-corona-cash-crunch/4003102-5550748-lue4um/index.html
A drop in interest income in the offing plus a dividend reduction I doubt.The percentage is small at 15% 15% of 800B is not small.. Recall that it is a moratorium on P+I @Ebenyo Calculate the figure and tell us it's how much It's kshs 12,000,000,000.How will that affect dividend payments? at worst dividend will remain the same. A fatal assumption.. Note that I hold this stock KCB figure of restructured loans has been revised upwards to ksh.110bn i suppose these figures will continue climbing up now that we are being told covid cases will peak in sept The fact is that many businesses will collapse Like Tuskys supermarket chain Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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KCB Bank Kenya Limited ,the Kenyan subsidiary of Kenya Commercial Bank Group has acquired sh.3.2billion worth of Imperial Bank Kenya Limited assets ,currently under receivership and assumed liabilities of the same amount to be paid over a period of four years. https://mobile.twitter.c...3804909381734401/photo/1Wealth 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:obiero wrote:heri wrote:Ericsson wrote:obiero wrote:Ebenyo wrote:Ericsson wrote:obiero wrote:Ebenyo wrote:Ericsson wrote:https://www.businessdailyafrica.com/corporate/companies/KCB-restructures-Sh80bn-loans-on-corona-cash-crunch/4003102-5550748-lue4um/index.html
A drop in interest income in the offing plus a dividend reduction I doubt.The percentage is small at 15% 15% of 800B is not small.. Recall that it is a moratorium on P+I @Ebenyo Calculate the figure and tell us it's how much It's kshs 12,000,000,000.How will that affect dividend payments? at worst dividend will remain the same. A fatal assumption.. Note that I hold this stock KCB figure of restructured loans has been revised upwards to ksh.110bn i suppose these figures will continue climbing up now that we are being told covid cases will peak in sept The fact is that many businesses will collapse Like Tuskys supermarket chain Tuskys currently struggling to pay suppliers and vendors. Give it 2 years. 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: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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Imperial bank assets also finalized. Looks like 1T in assets may come sooner than advertised. https://www.the-star.co....on-imperial-bank-assets/
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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KCB Bank Kenya has restructured facilities worth over Sh115.1 Billion to cushion customers against the effects of the COVID-19 pandemic. This has seen customers apply for their loans to be restructured, credit lines expanded & loan tenures extended to keep them financially afloat. Since mid-March, the Bank has approved the restructuring of Sh91.3B worth of corporate loans Sh20.4B in loans to mortgage customers. Sh3.4B for retail customers Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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Ericsson wrote:KCB Bank Kenya has restructured facilities worth over Sh115.1 Billion to cushion customers against the effects of the COVID-19 pandemic. This has seen customers apply for their loans to be restructured, credit lines expanded & loan tenures extended to keep them financially afloat.
Since mid-March, the Bank has approved the restructuring of
Sh91.3B worth of corporate loans
Sh20.4B in loans to mortgage customers.
Sh3.4B for retail customers https://www.bloomberg.co...-1-billion-loan-reviews
“Most of it is our large customers, institutional clients, that’s around 90 billion shillings,” KCB Group Ltd. Chief Executive Officer Joshua Oigara said in an interview. “We have another 20 billion shillings for our mortgage customers and real estate, and the balance is for retail loans, which we haven’t seen much impact yet.” So let me get this straight: - Loans are extended by x months - Interest is still due Where is the problem?
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Ericsson wrote:KCB Bank Kenya has restructured facilities worth over Sh115.1 Billion to cushion customers against the effects of the COVID-19 pandemic. This has seen customers apply for their loans to be restructured, credit lines expanded & loan tenures extended to keep them financially afloat.
Since mid-March, the Bank has approved the restructuring of
Sh91.3B worth of corporate loans
Sh20.4B in loans to mortgage customers.
Sh3.4B for retail customers Some of these would have defaulted, COVID or not, but it is too soon to tell. Tough times for businesses for the next 3-5 years given the election is coming up and there will be post-election pain. 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: 13,517 Location: nairobi
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Horton wrote:Ericsson wrote:KCB Bank Kenya has restructured facilities worth over Sh115.1 Billion to cushion customers against the effects of the COVID-19 pandemic. This has seen customers apply for their loans to be restructured, credit lines expanded & loan tenures extended to keep them financially afloat.
Since mid-March, the Bank has approved the restructuring of
Sh91.3B worth of corporate loans
Sh20.4B in loans to mortgage customers.
Sh3.4B for retail customers https://www.bloomberg.co...-1-billion-loan-reviews
“Most of it is our large customers, institutional clients, that’s around 90 billion shillings,” KCB Group Ltd. Chief Executive Officer Joshua Oigara said in an interview. “We have another 20 billion shillings for our mortgage customers and real estate, and the balance is for retail loans, which we haven’t seen much impact yet.” So let me get this straight: - Loans are extended by x months - Interest is still due Where is the problem? No problem at all. Kicking the can down the road
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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obiero wrote:Horton wrote:Ericsson wrote:KCB Bank Kenya has restructured facilities worth over Sh115.1 Billion to cushion customers against the effects of the COVID-19 pandemic. This has seen customers apply for their loans to be restructured, credit lines expanded & loan tenures extended to keep them financially afloat.
Since mid-March, the Bank has approved the restructuring of
Sh91.3B worth of corporate loans
Sh20.4B in loans to mortgage customers.
Sh3.4B for retail customers https://www.bloomberg.co...-1-billion-loan-reviews
“Most of it is our large customers, institutional clients, that’s around 90 billion shillings,” KCB Group Ltd. Chief Executive Officer Joshua Oigara said in an interview. “We have another 20 billion shillings for our mortgage customers and real estate, and the balance is for retail loans, which we haven’t seen much impact yet.” So let me get this straight: - Loans are extended by x months - Interest is still due Where is the problem? No problem at all. Kicking the can down the road True 😂😂 for individuals anyways but good for the banks. I’m guessing coz it’s assuring them of business
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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Horton wrote:Ericsson wrote:KCB Bank Kenya has restructured facilities worth over Sh115.1 Billion to cushion customers against the effects of the COVID-19 pandemic. This has seen customers apply for their loans to be restructured, credit lines expanded & loan tenures extended to keep them financially afloat.
Since mid-March, the Bank has approved the restructuring of
Sh91.3B worth of corporate loans
Sh20.4B in loans to mortgage customers.
Sh3.4B for retail customers https://www.bloomberg.co...-1-billion-loan-reviews
“Most of it is our large customers, institutional clients, that’s around 90 billion shillings,” KCB Group Ltd. Chief Executive Officer Joshua Oigara said in an interview. “We have another 20 billion shillings for our mortgage customers and real estate, and the balance is for retail loans, which we haven’t seen much impact yet.” So let me get this straight: - Loans are extended by x months - Interest is still due Where is the problem? Good for business in the long term Towards the goal of financial freedom
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Ebenyo wrote:Horton wrote:Ericsson wrote:KCB Bank Kenya has restructured facilities worth over Sh115.1 Billion to cushion customers against the effects of the COVID-19 pandemic. This has seen customers apply for their loans to be restructured, credit lines expanded & loan tenures extended to keep them financially afloat.
Since mid-March, the Bank has approved the restructuring of
Sh91.3B worth of corporate loans
Sh20.4B in loans to mortgage customers.
Sh3.4B for retail customers https://www.bloomberg.co...-1-billion-loan-reviews
“Most of it is our large customers, institutional clients, that’s around 90 billion shillings,” KCB Group Ltd. Chief Executive Officer Joshua Oigara said in an interview. “We have another 20 billion shillings for our mortgage customers and real estate, and the balance is for retail loans, which we haven’t seen much impact yet.” So let me get this straight: - Loans are extended by x months - Interest is still due Where is the problem? Good for business in the long term You are assuming that once the loans are restructured (with the longer repaymet period), then repayment is guaranteed - nope. Plus going forward, there will be more restructing and less and less entities will be qualifying for loans. You will see a shift to investment in t/bills and t/bonds by banks soon (increased purchase of)- 3rd quarter 2020. 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: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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Angelica _ann wrote:Ebenyo wrote:Horton wrote:Ericsson wrote:KCB Bank Kenya has restructured facilities worth over Sh115.1 Billion to cushion customers against the effects of the COVID-19 pandemic. This has seen customers apply for their loans to be restructured, credit lines expanded & loan tenures extended to keep them financially afloat.
Since mid-March, the Bank has approved the restructuring of
Sh91.3B worth of corporate loans
Sh20.4B in loans to mortgage customers.
Sh3.4B for retail customers https://www.bloomberg.co...-1-billion-loan-reviews
“Most of it is our large customers, institutional clients, that’s around 90 billion shillings,” KCB Group Ltd. Chief Executive Officer Joshua Oigara said in an interview. “We have another 20 billion shillings for our mortgage customers and real estate, and the balance is for retail loans, which we haven’t seen much impact yet.” So let me get this straight: - Loans are extended by x months - Interest is still due Where is the problem? Good for business in the long term You are assuming that once the loans are restructured (with the longer repaymet period), then repayment is guaranteed - nope. Plus going forward, there will be more restructing and less and less entities will be qualifying for loans. You will see a shift to investment in t/bills and t/bonds by banks soon (increased purchase of)- 3rd quarter 2020. Nothing is guaranteed in life. It’s just to do with calculated bets. Even if there was no COVID some were bound to default. However, KCB has mostly restructured institutional clients thus far.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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https://www.businessdail...562620-1a2j2z/index.htmlWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 10/18/2008 Posts: 3,434 Location: Kerugoya
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From Image Registrars - ImageR Dear Shareholder please register to participate in the KCB Group AGM by dialing *384*801# and follow the prompts. Please note that the registration will close on 1st June 2020 at 11.00 AM. You can also choose to receive future dividends via mobile money during the registration. Time: 25/05/2020 10:06:39
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Ericsson wrote:KCB Bank Kenya has restructured facilities worth over Sh115.1 Billion to cushion customers against the effects of the COVID-19 pandemic. This has seen customers apply for their loans to be restructured, credit lines expanded & loan tenures extended to keep them financially afloat.
Since mid-March, the Bank has approved the restructuring of
Sh91.3B worth of corporate loans for 3-6 months
Sh20.4B in loans to mortgage customers for 3-6 months.
Sh3.4B for retail customers for 3 months Duration added Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Ericsson wrote:Ericsson wrote:KCB Bank Kenya has restructured facilities worth over Sh115.1 Billion to cushion customers against the effects of the COVID-19 pandemic. This has seen customers apply for their loans to be restructured, credit lines expanded & loan tenures extended to keep them financially afloat.
Since mid-March, the Bank has approved the restructuring of
Sh91.3B worth of corporate loans for 3-6 months
Sh20.4B in loans to mortgage customers for 3-6 months.Moratorium can be extended to a maximum of 12 months.
Sh3.4B for retail customers for 3 months Duration added Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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Angelica _ann wrote:Ebenyo wrote:Horton wrote:Ericsson wrote:KCB Bank Kenya has restructured facilities worth over Sh115.1 Billion to cushion customers against the effects of the COVID-19 pandemic. This has seen customers apply for their loans to be restructured, credit lines expanded & loan tenures extended to keep them financially afloat.
Since mid-March, the Bank has approved the restructuring of
Sh91.3B worth of corporate loans
Sh20.4B in loans to mortgage customers.
Sh3.4B for retail customers https://www.bloomberg.co...-1-billion-loan-reviews
“Most of it is our large customers, institutional clients, that’s around 90 billion shillings,” KCB Group Ltd. Chief Executive Officer Joshua Oigara said in an interview. “We have another 20 billion shillings for our mortgage customers and real estate, and the balance is for retail loans, which we haven’t seen much impact yet.” So let me get this straight: - Loans are extended by x months - Interest is still due Where is the problem? Good for business in the long term You are assuming that once the loans are restructured (with the longer repaymet period), then repayment is guaranteed - nope. Plus going forward, there will be more restructing and less and less entities will be qualifying for loans. You will see a shift to investment in t/bills and t/bonds by banks soon (increased purchase of)- 3rd quarter 2020. Restructuring loans is better than cancelling dividends(assuming kcb will not cancell) Towards the goal of financial freedom
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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Ebenyo wrote:Angelica _ann wrote:Ebenyo wrote:Horton wrote:Ericsson wrote:KCB Bank Kenya has restructured facilities worth over Sh115.1 Billion to cushion customers against the effects of the COVID-19 pandemic. This has seen customers apply for their loans to be restructured, credit lines expanded & loan tenures extended to keep them financially afloat.
Since mid-March, the Bank has approved the restructuring of
Sh91.3B worth of corporate loans
Sh20.4B in loans to mortgage customers.
Sh3.4B for retail customers https://www.bloomberg.co...-1-billion-loan-reviews
“Most of it is our large customers, institutional clients, that’s around 90 billion shillings,” KCB Group Ltd. Chief Executive Officer Joshua Oigara said in an interview. “We have another 20 billion shillings for our mortgage customers and real estate, and the balance is for retail loans, which we haven’t seen much impact yet.” So let me get this straight: - Loans are extended by x months - Interest is still due Where is the problem? Good for business in the long term You are assuming that once the loans are restructured (with the longer repaymet period), then repayment is guaranteed - nope. Plus going forward, there will be more restructing and less and less entities will be qualifying for loans. You will see a shift to investment in t/bills and t/bonds by banks soon (increased purchase of)- 3rd quarter 2020. Restructuring loans is better than cancelling dividends(assuming kcb will not cancell) Me thinks Dividends will come gava needs the cash. This is the beauty of owning gava company shares 😀
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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Horton wrote:Ebenyo wrote:Angelica _ann wrote:Ebenyo wrote:Horton wrote:Ericsson wrote:KCB Bank Kenya has restructured facilities worth over Sh115.1 Billion to cushion customers against the effects of the COVID-19 pandemic. This has seen customers apply for their loans to be restructured, credit lines expanded & loan tenures extended to keep them financially afloat.
Since mid-March, the Bank has approved the restructuring of
Sh91.3B worth of corporate loans
Sh20.4B in loans to mortgage customers.
Sh3.4B for retail customers https://www.bloomberg.co...-1-billion-loan-reviews
“Most of it is our large customers, institutional clients, that’s around 90 billion shillings,” KCB Group Ltd. Chief Executive Officer Joshua Oigara said in an interview. “We have another 20 billion shillings for our mortgage customers and real estate, and the balance is for retail loans, which we haven’t seen much impact yet.” So let me get this straight: - Loans are extended by x months - Interest is still due Where is the problem? Good for business in the long term You are assuming that once the loans are restructured (with the longer repaymet period), then repayment is guaranteed - nope. Plus going forward, there will be more restructing and less and less entities will be qualifying for loans. You will see a shift to investment in t/bills and t/bonds by banks soon (increased purchase of)- 3rd quarter 2020. Restructuring loans is better than cancelling dividends(assuming kcb will not cancell) Me thinks Dividends will come gava needs the cash. This is the beauty of owning gava company shares 😀 @Horton,I think you are right.With covid 19 adverse effects,they definitely need cash.But so far i don't know when we will get the cash. Towards the goal of financial freedom
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