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KCB 2018 and Beyond
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Ericsson
#561 Posted : Wednesday, August 25, 2021 7:55:24 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,809
Location: NAIROBI
https://ke.kcbgroup.com/...laire-du-rwanda-plc-bpr

KCB Group completes acquisition of BPR Rwanda for ksh.4.6 billion ($42.4mn).
Integration with KCB Rwanda to start and the merged entity will be called BPR
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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  | | Edit by user: Wednesday, August 25, 2021 8:58 PM | Reason: Not specified
Ericsson
#562 Posted : Thursday, September 02, 2021 2:46:38 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,809
Location: NAIROBI
Ericsson wrote:
https://ke.kcbgroup.com/about-us/news-room/business/kcb-group-plc-completes-acquisition-of-banque-populaire-du-rwanda-plc-bpr

KCB Group completes acquisition of BPR Rwanda for ksh.4.6 billion ($42.4mn).
Integration with KCB Rwanda to start and the merged entity will be called BPR


KCB spends Sh6.3bn to buy Rwanda bank
KCB Group spent Sh6.3 billion to acquire Banque Populaire du Rwanda Plc (BPR) from London-listed Atlas Mara Limited and other investors.
Atlas Mara received $33 million (Sh3.6 billion)for its 62.06 percent stake in the lender.
Former minority investors of BPR, who owned a combined 37.94 percent equity, got $21.9 million (Sh2.4 billion).
Atlas Mara will get an additional $2.8 million (Sh311 million) which has been deferred.

https://www.businessdail...-buy-rwanda-bank-3534734
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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  | | Edit by user: Thursday, September 02, 2021 5:01 PM | Reason: Not specified
My 2 cents
#563 Posted : Saturday, September 04, 2021 9:56:23 PM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,091
I do hope that this acquisition was done at good value. With no access to BPR's balance sheet, I have no way of making this assessment. My hope is that there is no procurement shenanigans in these acqusitions e.g. managemnt and board paying way above value and then together with 'supplier' splitting the difference. The kind of mess that plays out in State Owned Enterprises like KPLC
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Ericsson
#564 Posted : Sunday, September 05, 2021 12:11:21 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,809
Location: NAIROBI
My 2 cents wrote:
I do hope that this acquisition was done at good value. With no access to BPR's balance sheet, I have no way of making this assessment. My hope is that there is no procurement shenanigans in these acqusitions e.g. managemnt and board paying way above value and then together with 'supplier' splitting the difference. The kind of mess that plays out in State Owned Enterprises like KPLC


BPR Half Year 2021
Income Statement
Interest Income Ksh.2.22bn
Profit before tax ksh 367mn.
Profit after tax Ksh.236.65mn

Balance Sheet
Investment in government securities Ksh.14.22bn
Loans and advances to customers Ksh.20.36bn
Customer deposits Ksh.26.4bn.
Borrowings Ksh.487.43mn
Retained earnings Ksh.445mn
Total Assets Ksh 44.496bn.

Net interest income:
YoY Growth of 15.7% on the back of 8.3% growth in Loans and Advances and 13.0% on Government Securities.

• Non-Interest Income:
YoY Growth of 17.6% due to increased customer transactions following an improved operating environment post-Covid-19 lockdowns that were in place in H1 of 2020.

• Operating Expenses:
Down YoY by 0.8% as a result of ongoing improvements in operational efficiencies and enhanced deployment of technology to serve our customers.

• Digital Transformation:
Customer initiated transactions accounts for 53.2% of the total number of transactions compared with 49.4% in June 2020.

• PAT:
Down YoY by 0.9% as a result of increased credit related losses(up 262.2%) because of the impact of Covid-19 on the cashflows of many borrowing customers.While Loans and Advances increased by 8.3%, there was an increase in Non-Performing Loans by 67.8% during the period which resulted in an NPL ratio of 7.2% compared with 4.7% in June 2020.

• Total Assets:
YoY Growth of 8.7% supported by a 10.8% growth in customer deposits. This demonstrates continued confidence that our customers have in the bank
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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  | | Edit by user: Sunday, September 05, 2021 12:17 AM | Reason: Not specified
obiero
#565 Posted : Sunday, September 05, 2021 12:38:07 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,238
Location: nairobi
Ericsson wrote:
My 2 cents wrote:
I do hope that this acquisition was done at good value. With no access to BPR's balance sheet, I have no way of making this assessment. My hope is that there is no procurement shenanigans in these acqusitions e.g. managemnt and board paying way above value and then together with 'supplier' splitting the difference. The kind of mess that plays out in State Owned Enterprises like KPLC


BPR Half Year 2021
Income Statement
Interest Income Ksh.2.22bn
Profit before tax ksh 367mn.
Profit after tax Ksh.236.65mn

Balance Sheet
Investment in government securities Ksh.14.22bn
Loans and advances to customers Ksh.20.36bn
Customer deposits Ksh.26.4bn.
Borrowings Ksh.487.43mn
Retained earnings Ksh.445mn
Total Assets Ksh 44.496bn.

Net interest income:
YoY Growth of 15.7% on the back of 8.3% growth in Loans and Advances and 13.0% on Government Securities.

• Non-Interest Income:
YoY Growth of 17.6% due to increased customer transactions following an improved operating environment post-Covid-19 lockdowns that were in place in H1 of 2020.

• Operating Expenses:
Down YoY by 0.8% as a result of ongoing improvements in operational efficiencies and enhanced deployment of technology to serve our customers.

• Digital Transformation:
Customer initiated transactions accounts for 53.2% of the total number of transactions compared with 49.4% in June 2020.

• PAT:
Down YoY by 0.9% as a result of increased credit related losses(up 262.2%) because of the impact of Covid-19 on the cashflows of many borrowing customers.While Loans and Advances increased by 8.3%, there was an increase in Non-Performing Loans by 67.8% during the period which resulted in an NPL ratio of 7.2% compared with 4.7% in June 2020.

• Total Assets:
YoY Growth of 8.7% supported by a 10.8% growth in customer deposits. This demonstrates continued confidence that our customers have in the bank

Seems proper

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Ebenyo
#566 Posted : Monday, September 06, 2021 12:16:10 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
Ericsson wrote:
My 2 cents wrote:
I do hope that this acquisition was done at good value. With no access to BPR's balance sheet, I have no way of making this assessment. My hope is that there is no procurement shenanigans in these acqusitions e.g. managemnt and board paying way above value and then together with 'supplier' splitting the difference. The kind of mess that plays out in State Owned Enterprises like KPLC


BPR Half Year 2021
Income Statement
Interest Income Ksh.2.22bn
Profit before tax ksh 367mn.
Profit after tax Ksh.236.65mn

Balance Sheet
Investment in government securities Ksh.14.22bn
Loans and advances to customers Ksh.20.36bn
Customer deposits Ksh.26.4bn.
Borrowings Ksh.487.43mn
Retained earnings Ksh.445mn
Total Assets Ksh 44.496bn.

Net interest income:
YoY Growth of 15.7% on the back of 8.3% growth in Loans and Advances and 13.0% on Government Securities.

• Non-Interest Income:
YoY Growth of 17.6% due to increased customer transactions following an improved operating environment post-Covid-19 lockdowns that were in place in H1 of 2020.

• Operating Expenses:
Down YoY by 0.8% as a result of ongoing improvements in operational efficiencies and enhanced deployment of technology to serve our customers.

• Digital Transformation:
Customer initiated transactions accounts for 53.2% of the total number of transactions compared with 49.4% in June 2020.

• PAT:
Down YoY by 0.9% as a result of increased credit related losses(up 262.2%) because of the impact of Covid-19 on the cashflows of many borrowing customers.While Loans and Advances increased by 8.3%, there was an increase in Non-Performing Loans by 67.8% during the period which resulted in an NPL ratio of 7.2% compared with 4.7% in June 2020.

• Total Assets:
YoY Growth of 8.7% supported by a 10.8% growth in customer deposits. This demonstrates continued confidence that our customers have in the bank



This sound like a good acquisition unless something else which we are not yet aware
Towards the goal of financial freedom
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VituVingiSana
#567 Posted : Monday, September 06, 2021 5:53:27 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,354
Location: Nairobi
Ebenyo wrote:
Ericsson wrote:
My 2 cents wrote:
I do hope that this acquisition was done at good value. With no access to BPR's balance sheet, I have no way of making this assessment. My hope is that there is no procurement shenanigans in these acqusitions e.g. managemnt and board paying way above value and then together with 'supplier' splitting the difference. The kind of mess that plays out in State Owned Enterprises like KPLC


BPR Half Year 2021
Income Statement
Interest Income Ksh.2.22bn
Profit before tax ksh 367mn.
Profit after tax Ksh.236.65mn

Balance Sheet
Investment in government securities Ksh.14.22bn
Loans and advances to customers Ksh.20.36bn
Customer deposits Ksh.26.4bn.
Borrowings Ksh.487.43mn
Retained earnings Ksh.445mn
Total Assets Ksh 44.496bn.

Net interest income:
YoY Growth of 15.7% on the back of 8.3% growth in Loans and Advances and 13.0% on Government Securities.

• Non-Interest Income:
YoY Growth of 17.6% due to increased customer transactions following an improved operating environment post-Covid-19 lockdowns that were in place in H1 of 2020.

• Operating Expenses:
Down YoY by 0.8% as a result of ongoing improvements in operational efficiencies and enhanced deployment of technology to serve our customers.

• Digital Transformation:
Customer initiated transactions accounts for 53.2% of the total number of transactions compared with 49.4% in June 2020.

• PAT:
Down YoY by 0.9% as a result of increased credit related losses(up 262.2%) because of the impact of Covid-19 on the cashflows of many borrowing customers.While Loans and Advances increased by 8.3%, there was an increase in Non-Performing Loans by 67.8% during the period which resulted in an NPL ratio of 7.2% compared with 4.7% in June 2020.

• Total Assets:
YoY Growth of 8.7% supported by a 10.8% growth in customer deposits. This demonstrates continued confidence that our customers have in the bank



This sound like a good acquisition unless something else which we are not yet aware
Bad debts not shown?
Equity got whacked with bad debts after it bought UML (Uganda) which is why it shied away from acquisitions until DRC.

Though after seeing what happened with Equity in UG, KCB may have done better due diligence and the BNR may have kept an eye on BPR.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#568 Posted : Monday, September 06, 2021 6:18:04 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,809
Location: NAIROBI
VituVingiSana wrote:
Ebenyo wrote:
Ericsson wrote:
My 2 cents wrote:
I do hope that this acquisition was done at good value. With no access to BPR's balance sheet, I have no way of making this assessment. My hope is that there is no procurement shenanigans in these acqusitions e.g. managemnt and board paying way above value and then together with 'supplier' splitting the difference. The kind of mess that plays out in State Owned Enterprises like KPLC


BPR Half Year 2021
Income Statement
Interest Income Ksh.2.22bn
Profit before tax ksh 367mn.
Profit after tax Ksh.236.65mn

Balance Sheet
Investment in government securities Ksh.14.22bn
Loans and advances to customers Ksh.20.36bn
Customer deposits Ksh.26.4bn.
Borrowings Ksh.487.43mn
Retained earnings Ksh.445mn
Total Assets Ksh 44.496bn.

Net interest income:
YoY Growth of 15.7% on the back of 8.3% growth in Loans and Advances and 13.0% on Government Securities.

• Non-Interest Income:
YoY Growth of 17.6% due to increased customer transactions following an improved operating environment post-Covid-19 lockdowns that were in place in H1 of 2020.

• Operating Expenses:
Down YoY by 0.8% as a result of ongoing improvements in operational efficiencies and enhanced deployment of technology to serve our customers.

• Digital Transformation:
Customer initiated transactions accounts for 53.2% of the total number of transactions compared with 49.4% in June 2020.

• PAT:
Down YoY by 0.9% as a result of increased credit related losses(up 262.2%) because of the impact of Covid-19 on the cashflows of many borrowing customers.While Loans and Advances increased by 8.3%, there was an increase in Non-Performing Loans by 67.8% during the period which resulted in an NPL ratio of 7.2% compared with 4.7% in June 2020.

• Total Assets:
YoY Growth of 8.7% supported by a 10.8% growth in customer deposits. This demonstrates continued confidence that our customers have in the bank



This sound like a good acquisition unless something else which we are not yet aware
Bad debts not shown?
Equity got whacked with bad debts after it bought UML (Uganda) which is why it shied away from acquisitions until DRC.

Though after seeing what happened with Equity in UG, KCB may have done better due diligence and the BNR may have kept an eye on BPR.


In Tanzania BancABC has an asset base of ksh.15bn which they will be acquiring.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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  | | Edit by user: Tuesday, September 07, 2021 8:08 AM | Reason: Not specified
Ericsson
#569 Posted : Friday, September 24, 2021 11:47:06 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,809
Location: NAIROBI
Ericsson wrote:
https://ke.kcbgroup.com/about-us/news-room/business/kcb-group-plc-completes-acquisition-of-banque-populaire-du-rwanda-plc-bpr

KCB Group completes acquisition of BPR Rwanda for ksh.4.6 billion ($42.4mn).
Integration with KCB Rwanda to start and the merged entity will be called BPR


Completion of the acquisition process for BancABC in Tanzania is taking too long
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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obiero
#570 Posted : Saturday, September 25, 2021 5:51:05 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,238
Location: nairobi
Ericsson wrote:
Ericsson wrote:
https://ke.kcbgroup.com/about-us/news-room/business/kcb-group-plc-completes-acquisition-of-banque-populaire-du-rwanda-plc-bpr

KCB Group completes acquisition of BPR Rwanda for ksh.4.6 billion ($42.4mn).
Integration with KCB Rwanda to start and the merged entity will be called BPR


Completion of the acquisition process for BancABC in Tanzania is taking too long

Good things come to those who wait

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