wazua Mon, Dec 23, 2024
Welcome Guest Search | Active Topics | Log In | Register

68 Pages«<5859606162>»
KCB buy buy buy
Options
Previous Topic · Next Topic
KaunganaDoDo
#1181 Posted : Sunday, June 21, 2020 10:36:24 AM
Rank: Member


Joined: 8/6/2018
Posts: 299
VituVingiSana wrote:
Ericsson wrote:
Laikipia county secures ksh.2bn loan facility from KCB to support SMEs hurt by COVID-19
What's the recourse if counties default?

Public Finance Management Act 2012.... Counties can only borrow with Guarantee of the National Government. This is like a Total Risk Guarantee
Back to top
 Report Abusive | Report SPAM
obiero
#1182 Posted : Sunday, June 21, 2020 10:50:57 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,516
Location: nairobi
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
Ericsson wrote:
Laikipia county secures ksh.2bn loan facility from KCB to support SMEs hurt by COVID-19
What's the recourse if counties default?

How can a county government default on commercial debt? No revenue? No central government disbursements? Kuwa serious
Countries default.
What's a county?

A county is an smaller administrative unit, under a national state. Only 1 country has defaulted in recent memory, Greece.. And it picked up

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
Back to top
WWW
 Report Abusive | Report SPAM
Ericsson
#1183 Posted : Sunday, June 21, 2020 12:37:03 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
obiero wrote:
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
Ericsson wrote:
Laikipia county secures ksh.2bn loan facility from KCB to support SMEs hurt by COVID-19
What's the recourse if counties default?

How can a county government default on commercial debt? No revenue? No central government disbursements? Kuwa serious
Countries default.
What's a county?

A county is an smaller administrative unit, under a national state. Only 1 country has defaulted in recent memory, Greece.. And it picked up


Opportunities KCB is taking to hedge on the covid-19 effects.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
 Report Abusive | Report SPAM
VituVingiSana
#1184 Posted : Sunday, June 21, 2020 7:20:21 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
Ericsson wrote:
Laikipia county secures ksh.2bn loan facility from KCB to support SMEs hurt by COVID-19
What's the recourse if counties default?

How can a county government default on commercial debt? No revenue? No central government disbursements? Kuwa serious
Countries default.
What's a county?

A county is an smaller administrative unit, under a national state. Only 1 country has defaulted in recent memory, Greece.. And it picked up

May 2020: Argentina defaults on bond payments as debt talks heat up
https://www.reuters.com/...ks-heat-up-idUSKBN22Y1TE
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
 Report Abusive | Report SPAM
Angelica _ann
#1185 Posted : Sunday, June 21, 2020 7:25:49 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
[quote=Ericsson]Laikipia county secures ksh.2bn loan facility from KCB to support SMEs hurt by COVID-19
What's the recourse if counties default?

How can a county government default on commercial debt? No revenue? No central government disbursements? Kuwa serious
Countries default.
What's a county?

A county is an smaller administrative unit, under a national state. Only 1 country has defaulted in recent memory, Greece.. And it picked up

May 2020: Argentina defaults on bond payments as debt talks heat up
https://www.reuters.com/...s-heat-up-idUSKBN22Y1TE[/quote]

Even our own CBK last month forced investors holding a maturing 1 year tbill to buy/convert to 6 year bond!!!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Back to top
 Report Abusive | Report SPAM
Ericsson
#1186 Posted : Thursday, July 02, 2020 9:16:59 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
KCB Bank Kenya acquired Imperial bank Kenya loan book worth ksh.3.2 billion
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
 Report Abusive | Report SPAM
Ebenyo
#1187 Posted : Thursday, July 02, 2020 11:59:05 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
Ericsson wrote:
KCB Bank Kenya acquired Imperial bank Kenya loan book worth ksh.3.2 billion



very tiny amount didn't add much.nbk was better than this.
Towards the goal of financial freedom
Back to top
 Report Abusive | Report SPAM
Ericsson
#1188 Posted : Friday, July 03, 2020 12:10:05 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
Ebenyo wrote:
Ericsson wrote:
KCB Bank Kenya acquired Imperial bank Kenya loan book worth ksh.3.2 billion



very tiny amount didn't add much.nbk was better than this.


Yes that's why NBK acquisition was done by the holding company
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
 Report Abusive | Report SPAM
Ericsson
#1189 Posted : Monday, July 06, 2020 2:46:36 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
https://www.businessdail...492-133yb14z/index.html

The former Kenya Planters Cooperative Union has cleared the remaining Sh185 million that it owed KCB, freeing itself from the receivership chains after nearly a decade.

Chief Administrative Secretary in the Ministry of Agriculture Ann Nyaga said that part of the Sh3 billion received as coffee cherry fund was directed towards debt repayment.

The old Kenya Planters Cooperative Union (KPCU), now defunct, has been under receivership by the bank since 2009 after it failed to honour its financial obligation amounting to over Sh700 million, owed to the lender, lawyers and farmers.

“We received Sh3 billion from the government meant for coffee advanced fund and part of it went towards paying the debt to KCB

,” said Ms Nyaga.

The acting commissioner of cooperatives Geoffrey Njan’ngombe confirmed to the Business Daily that the debt owed had been fully settled.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
 Report Abusive | Report SPAM
heri
#1190 Posted : Wednesday, July 15, 2020 1:05:52 PM
Rank: Member


Joined: 9/14/2011
Posts: 834
Location: nairobi
Back to top
WWW
 Report Abusive | Report SPAM
Ebenyo
#1191 Posted : Wednesday, July 15, 2020 3:49:45 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
heri wrote:




Weak asset? kcb asset base is larger than all other banks.
Towards the goal of financial freedom
Back to top
 Report Abusive | Report SPAM
shocks
#1192 Posted : Monday, July 20, 2020 12:39:13 AM
Rank: Member


Joined: 3/15/2009
Posts: 359
Ebenyo wrote:
heri wrote:




Weak asset? kcb asset base is larger than all other banks.

quality!
Back to top
 Report Abusive | Report SPAM
Mainat
#1193 Posted : Monday, July 20, 2020 6:40:49 AM
Rank: Veteran


Joined: 11/21/2006
Posts: 1,590
If 10% of the 25% that has been deferred goes bad...
heri wrote:

Sehemu ndio nyumba
Back to top
 Report Abusive | Report SPAM
Ericsson
#1194 Posted : Monday, July 20, 2020 11:30:01 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
Ahmed Rahime Mohamud Mohammed has been appointed to the Board of KCB Group as a. non-executive director
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
 Report Abusive | Report SPAM
Ebenyo
#1195 Posted : Tuesday, July 21, 2020 9:27:16 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
Ericsson wrote:
Ahmed Rahime Mohamud Mohammed has been appointed to the Board of KCB Group as a. non-executive director



He will help kcb to grow revenues from Islamic banking.
Towards the goal of financial freedom
Back to top
 Report Abusive | Report SPAM
Ericsson
#1196 Posted : Tuesday, July 21, 2020 3:44:33 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
KCB Group has partnered with UAP Old Mutual to provide it's Mortgage Customers with a FREE daily cash benefit of KES 1,500 in case of hospitalization due to COVID 19.

https://kcbgroup.com/ins...tgage-Benefit-FAQ-V2.pdf
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
 Report Abusive | Report SPAM
Ericsson
#1197 Posted : Wednesday, August 12, 2020 6:44:01 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
HY 2020
Profit before tax down 28% to 12.8bn from 17.9bn in HY 2019
40% decline in after tax profit to ksh.7.6bn
Caused by increased provisions due to the COVID-19 pandemic
Total assets grew by 28% to Ksh.953.1bn
Net loans and advances grew 17% to ksh.559.9bn
Customer deposits up 35% to ksh.758.2bn
Stock of Non-performing loans increased to ksh.83.9bn from 39.19bn in 2019
--Ratio of non-performing loans (NPLs)to total loan book increased to 13.7% from 7.8% in 2019,due to consolidation of NBK and heightened defaults associated with COVID-19 pandemic.

Q3 will equally be reasonably difficult,form and growth will start from Q4 and into 2021
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
 Report Abusive | Report SPAM | Edit by user: Wednesday, August 12, 2020 7:37 PM | Reason: Not specified
mlennyma
#1198 Posted : Wednesday, August 12, 2020 6:52:17 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
Ericsson wrote:
HY 2020
40% decline in after tax profit to ksh.7.6bn
Caused by increased provisions due to the COVID-19 pandemic
Total assets grew by 28% to Ksh.953.1bn
Net loans and advances grew 17% to ksh.559.9bn
Customer deposits up 35% to ksh.758.2bn
Stock of Non-performing loans increased to ksh.83.9bn from 39.19bn in 2019
--Ratio of non-performing loans (NPLs)to total loan book increased to 13.7% from 7.8% in 2019,due to consolidation of NBK and heightened defaults associated with COVID-19 pandemic.

Q3 will equally be reasonably difficult,form and growth will start from Q4 and into 2021

you forgot no dividend
"Don't let the fear of losing be greater than the excitement of winning."
Back to top
WWW
 Report Abusive | Report SPAM
McGill
#1199 Posted : Wednesday, August 12, 2020 7:17:56 PM
Rank: New-farer


Joined: 8/1/2019
Posts: 86
mlennyma wrote:
Ericsson wrote:
HY 2020
40% decline in after tax profit to ksh.7.6bn
Caused by increased provisions due to the COVID-19 pandemic
Total assets grew by 28% to Ksh.953.1bn
Net loans and advances grew 17% to ksh.559.9bn
Customer deposits up 35% to ksh.758.2bn
Stock of Non-performing loans increased to ksh.83.9bn from 39.19bn in 2019
--Ratio of non-performing loans (NPLs)to total loan book increased to 13.7% from 7.8% in 2019,due to consolidation of NBK and heightened defaults associated with COVID-19 pandemic.

Q3 will equally be reasonably difficult,form and growth will start from Q4 and into 2021

you forgot no dividend


What to do d'oh! d'oh! cut my losses or wait for the bleeding to stop one day
Back to top
 Report Abusive | Report SPAM
watesh
#1200 Posted : Wednesday, August 12, 2020 7:29:01 PM
Rank: Veteran


Joined: 8/10/2014
Posts: 969
Location: Kenya
McGill wrote:
mlennyma wrote:
Ericsson wrote:
HY 2020
40% decline in after tax profit to ksh.7.6bn
Caused by increased provisions due to the COVID-19 pandemic
Total assets grew by 28% to Ksh.953.1bn
Net loans and advances grew 17% to ksh.559.9bn
Customer deposits up 35% to ksh.758.2bn
Stock of Non-performing loans increased to ksh.83.9bn from 39.19bn in 2019
--Ratio of non-performing loans (NPLs)to total loan book increased to 13.7% from 7.8% in 2019,due to consolidation of NBK and heightened defaults associated with COVID-19 pandemic.

Q3 will equally be reasonably difficult,form and growth will start from Q4 and into 2021

you forgot no dividend


What to do d'oh! d'oh! cut my losses or wait for the bleeding to stop one day


Buy the dip and average downwards. KCB isn't dying today.
Back to top
WWW
 Report Abusive | Report SPAM
Users browsing this topic
Guest (6)
68 Pages«<5859606162>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2024 Wazua.co.ke. All Rights Reserved.