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Queen		#521 Posted : Saturday, May 16, 2020 12:29:39 PM
Rank: Member Joined: 11/21/2018 Posts: 564 Location: Britain		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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Ericsson		#522 Posted : Monday, May 18, 2020 11:10:58 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI		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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VituVingiSana		#523 Posted : Tuesday, May 19, 2020 1:37:25 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi		Oigara - KES 300mn #Lanes Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Ericsson		#524 Posted : Wednesday, May 20, 2020 4:42:16 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI		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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obiero		#525 Posted : Wednesday, May 20, 2020 5:09:18 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,220 Location: nairobi		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 KQ ABP 4.26
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Ericsson		#526 Posted : Saturday, March 06, 2021 1:41:52 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI		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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obiero		#527 Posted : Sunday, March 07, 2021 11:41:22 AM
Rank: Elder Joined: 6/23/2009 Posts: 14,220 Location: nairobi		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 KQ ABP 4.26
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Ericsson		#528 Posted : Sunday, March 07, 2021 11:00:12 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI		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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obiero		#529 Posted : Monday, March 08, 2021 10:44:02 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,220 Location: nairobi		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 KQ ABP 4.26
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Ericsson		#530 Posted : Tuesday, March 09, 2021 12:51:57 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI		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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