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KCB 2018 and Beyond
Rank: Member Joined: 11/21/2018 Posts: 564 Location: Britain
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Angelica _ann wrote:Horton wrote:Ericsson wrote:KCB to report 2020 Q1 results on Tuesday May 19 Should be good/predictable . Problem would be Q2 Going by Cfcstanbic results which are already out, they are likely to be bad or starting to show badness   In my view, the Stanbic results should not be a true representation of what is to be expected from other banks during the period under review. Q1 ended at the end of March, about only two weeks after the first reported Covid-19 case in Kenya. In all fairness, if this pandemic can impact the profits 33% negatively, then you shudder to imagine what three months Covid impact would be on Q2 profits. That can only be total bloodbath. Or is there something Stanbic are not telling us?
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Rank: Elder Joined: 12/4/2009 Posts: 10,677 Location: NAIROBI
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https://www.businessdail...5544-55qekwz/index.html
KCB Group is set to inject up to Sh3 billion of additional capital into National Bank of Kenya to help the subsidiary comply with capital requirements and expand its business. NBK remains in breach of capital adequacy ratios even after receiving Sh5 billion capital support from KCB in December. “When we acquired NBK, we estimated we will provide the subsidiary with capital of Sh7.5 billion to Sh8 billion,” said KCB chief executive Joshua Oigara. “We will soon give the balance of Sh2.5 billion to Sh3 billion,” he said, adding that the cash could be remitted by the end of this second quarter (June). Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi
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Oigara - KES 300mn #Lanes 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: 10,677 Location: NAIROBI
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Q1 Profit before tax ksh.8.922bn Total assets at ksh.947bn Customer deposits at ksh.740bn.Customer deposits grew by ksh.53bn in Q1. Group balance sheet is within range of the ksh.1 trillion target by end of 2022 Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,497 Location: nairobi
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Ericsson wrote:Q1 Profit before tax ksh.9.1bn
Total assets at ksh.947bn
Customer deposits at ksh.740bn.Customer deposits grew by ksh.53bn in Q1.
Group balance sheet is within range of the ksh.1 trillion target by end of 2022 It will break it by mid 2021
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,677 Location: NAIROBI
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obiero wrote:Ericsson wrote:Q1 Profit before tax ksh.9.1bn
Total assets at ksh.947bn
Customer deposits at ksh.740bn.Customer deposits grew by ksh.53bn in Q1.
Group balance sheet is within range of the ksh.1 trillion target by end of 2022 It will break it by mid 2021 It has come earlier mid 2021 they will be completing acquisition of BPR and BancABC Tanzania Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,497 Location: nairobi
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Ericsson wrote:obiero wrote:Ericsson wrote:Q1 Profit before tax ksh.9.1bn
Total assets at ksh.947bn
Customer deposits at ksh.740bn.Customer deposits grew by ksh.53bn in Q1.
Group balance sheet is within range of the ksh.1 trillion target by end of 2022 It will break it by mid 2021 It has come earlier mid 2021 they will be completing acquisition of BPR and BancABC Tanzania True. A trillion in assets achieved, next stop KES 1.2T
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,677 Location: NAIROBI
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obiero wrote:Ericsson wrote:obiero wrote:Ericsson wrote:Q1 Profit before tax ksh.9.1bn
Total assets at ksh.947bn
Customer deposits at ksh.740bn.Customer deposits grew by ksh.53bn in Q1.
Group balance sheet is within range of the ksh.1 trillion target by end of 2022 It will break it by mid 2021 It has come earlier mid 2021 they will be completing acquisition of BPR and BancABC Tanzania True. A trillion in assets achieved, next stop KES 1.2T Revise upwards to ksh.1.5 T Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,497 Location: nairobi
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Ericsson wrote:obiero wrote:Ericsson wrote:obiero wrote:Ericsson wrote:Q1 Profit before tax ksh.9.1bn
Total assets at ksh.947bn
Customer deposits at ksh.740bn.Customer deposits grew by ksh.53bn in Q1.
Group balance sheet is within range of the ksh.1 trillion target by end of 2022 It will break it by mid 2021 It has come earlier mid 2021 they will be completing acquisition of BPR and BancABC Tanzania True. A trillion in assets achieved, next stop KES 1.2T Revise upwards to ksh.1.5 T Hizo tubank tuwili hazwezi kuwa worth +300B
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,677 Location: NAIROBI
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obiero wrote:Ericsson wrote:obiero wrote:Ericsson wrote:obiero wrote:Ericsson wrote:Q1 Profit before tax ksh.9.1bn
Total assets at ksh.947bn
Customer deposits at ksh.740bn.Customer deposits grew by ksh.53bn in Q1.
Group balance sheet is within range of the ksh.1 trillion target by end of 2022 It will break it by mid 2021 It has come earlier mid 2021 they will be completing acquisition of BPR and BancABC Tanzania True. A trillion in assets achieved, next stop KES 1.2T Revise upwards to ksh.1.5 T Hizo tubank tuwili hazwezi kuwa worth +300B Ooh okay Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,677 Location: NAIROBI
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obiero wrote:Ericsson wrote:obiero wrote:Ericsson wrote:Q1 Profit before tax ksh.9.1bn
Total assets at ksh.947bn
Customer deposits at ksh.740bn.Customer deposits grew by ksh.53bn in Q1.
Group balance sheet is within range of the ksh.1 trillion target by end of 2022 It will break it by mid 2021 It has come earlier mid 2021 they will be completing acquisition of BPR and BancABC Tanzania True. A trillion in assets achieved, next stop KES 1.2T And DRC entry Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/20/2007 Posts: 2,037 Location: Lagos, Nigeria
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Anyone? When will KCB fy 2020 be released ? It's overdue The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Elder Joined: 12/4/2009 Posts: 10,677 Location: NAIROBI
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young wrote:Anyone?
When will KCB fy 2020 be released ?
It's overdue They will be released next week Thursday. It's not overdue. Last year they were released on 17 March. 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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Ericsson wrote:young wrote:Anyone?
When will KCB fy 2020 be released ?
It's overdue They will be released next week Thursday. It's not overdue. Last year they were released on 17 March. No wonder the share price is looking up Towards the goal of financial freedom
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Rank: Elder Joined: 12/4/2009 Posts: 10,677 Location: NAIROBI
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https://www.businessdail...s-sh2-8-billion-3323054
The Kenya Mortgage Refinance Company (KMRC) has so far advanced Sh2.76 billion in credit to mortgage lenders, accounting for about seven per cent of the fund’s total capital pool. KCB accounts for the bulk of the lending at Sh2.12 billion, followed by HF at Sh515 million. Others include Stima Sacco (Sh69million), Tower Sacco (Sh30 million) and Bingwa Sacco (Sh27 million). Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,677 Location: NAIROBI
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IFC, SANAD, BIO, Symbiotics Announce Loan to KCB Bank Kenya for Green Projects, SMEsIFC, a member of the World Bank Group, The SANAD Fund for MSMEs (SANAD), the Belgian Investment Company for Developing Countries (BIO), and Symbiotics today announced a loan to KCB Bank Kenya Ltd to help the bank increase lending for climate-friendly projects and to smaller businesses, especially those owned by women. The loan of up to $150 million will strengthen KCB Bank Kenya's capital base and allow it to finance eligible projects and businesses, many of which are facing COVID-19-related challenges, including challenges accessing working capital and funds for expansion. Of the $150 million, IFC contributed $101.75 million and mobilized $22 million from BIO, $15 million from SANAD Fund, and $11.25 million from Symbiotics. https://ke.kcbgroup.com/...-for-green-projects-smesWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,677 Location: NAIROBI
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Acquisition of Bank ABC Tanzania and BPR Rwanda is on the final stages Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,677 Location: NAIROBI
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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[quote=Ericsson]Notice of the AGM on 27 May 2021 https://pbs.twimg.com/me...at=png&name=900x900
https://pbs.twimg.com/me...at=png&name=900x900
https://pbs.twimg.com/me...at=png&name=900x900[/quote] Acquisition in Tanzania and Rwanda is the tip of iceberg. Towards the goal of financial freedom
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Rank: Elder Joined: 12/4/2009 Posts: 10,677 Location: NAIROBI
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In a week's time they will have completed all regulatory approvals,it will now be waiting shareholders approval at the AGM. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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