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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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TMB DRC acquisition concluded. TMB balance sheet size is $1.7bn making TMB the second largest subsidiary in the KCB Group Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
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Ericsson wrote:TMB DRC acquisition concluded.
TMB balance sheet size is $1.7bn making TMB the second largest subsidiary in the KCB Group Simba
KQ ABP 4.26
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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obiero wrote:Ericsson wrote:TMB DRC acquisition concluded.
TMB balance sheet size is $1.7bn making TMB the second largest subsidiary in the KCB Group Simba KCB will now become the third largest bank in DRC, trailing only Rawbank and EquityBCDC. “We are looking at trade finance as a big product to facilitate cross-border trading,” said KCB Chief Financial Officer Lawrence Kimathi. Mr Kimathi added that the acquisition would also help the lender expand its loan book, noting that since announcing the deal with TMB, the lender has received a pipeline of KES 28 billion in facilities from sectors such as energy, cement manufacturing, and mining. However, KCB is interested in trade financing, which protects parties involved in cross-border trade from risks such as currency fluctuations, political instability, and nonpayment issues. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi
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Ericsson wrote:obiero wrote:Ericsson wrote:TMB DRC acquisition concluded.
TMB balance sheet size is $1.7bn making TMB the second largest subsidiary in the KCB Group Simba KCB will now become the third largest bank in DRC, trailing only Rawbank and EquityBCDC. “We are looking at trade finance as a big product to facilitate cross-border trading,” said KCB Chief Financial Officer Lawrence Kimathi. Mr Kimathi added that the acquisition would also help the lender expand its loan book, noting that since announcing the deal with TMB, the lender has received a pipeline of KES 28 billion in facilities from sectors such as energy, cement manufacturing, and mining. However, KCB is interested in trade financing, which protects parties involved in cross-border trade from risks such as currency fluctuations, political instability, and nonpayment issues. - TMB will likely require cash/capital infusions. - What did KCB pay for TMB? I bet Equity got in much cheaper. King James has skin in the game. - Risks in DRC with the constant wars/drama? - Equity has Equitel piggybacking on Airtel. Can Vooma compete? All in all, if peace holds, then this will be good for KCB. Not easy though. 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: 10,804 Location: NAIROBI
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VituVingiSana wrote:Ericsson wrote:obiero wrote:Ericsson wrote:TMB DRC acquisition concluded.
TMB balance sheet size is $1.7bn making TMB the second largest subsidiary in the KCB Group Simba KCB will now become the third largest bank in DRC, trailing only Rawbank and EquityBCDC. “We are looking at trade finance as a big product to facilitate cross-border trading,” said KCB Chief Financial Officer Lawrence Kimathi. Mr Kimathi added that the acquisition would also help the lender expand its loan book, noting that since announcing the deal with TMB, the lender has received a pipeline of KES 28 billion in facilities from sectors such as energy, cement manufacturing, and mining. However, KCB is interested in trade financing, which protects parties involved in cross-border trade from risks such as currency fluctuations, political instability, and nonpayment issues. - TMB will likely require cash/capital infusions. - What did KCB pay for TMB? I bet Equity got in much cheaper. King James has skin in the game. - Risks in DRC with the constant wars/drama? - Equity has Equitel piggybacking on Airtel. Can Vooma compete? All in all, if peace holds, then this will be good for KCB. Not easy though. Time will tell Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
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VituVingiSana wrote:Ericsson wrote:obiero wrote:Ericsson wrote:TMB DRC acquisition concluded.
TMB balance sheet size is $1.7bn making TMB the second largest subsidiary in the KCB Group Simba KCB will now become the third largest bank in DRC, trailing only Rawbank and EquityBCDC. “We are looking at trade finance as a big product to facilitate cross-border trading,” said KCB Chief Financial Officer Lawrence Kimathi. Mr Kimathi added that the acquisition would also help the lender expand its loan book, noting that since announcing the deal with TMB, the lender has received a pipeline of KES 28 billion in facilities from sectors such as energy, cement manufacturing, and mining. However, KCB is interested in trade financing, which protects parties involved in cross-border trade from risks such as currency fluctuations, political instability, and nonpayment issues. - TMB will likely require cash/capital infusions. - What did KCB pay for TMB? I bet Equity got in much cheaper. King James has skin in the game. - Risks in DRC with the constant wars/drama? - Equity has Equitel piggybacking on Airtel. Can Vooma compete? All in all, if peace holds, then this will be good for KCB. Not easy though. Similar things were said about South Sudan. Remember, high risk high return is a mantra
KQ ABP 4.26
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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VituVingiSana wrote:Ericsson wrote:obiero wrote:Ericsson wrote:TMB DRC acquisition concluded.
TMB balance sheet size is $1.7bn making TMB the second largest subsidiary in the KCB Group Simba KCB will now become the third largest bank in DRC, trailing only Rawbank and EquityBCDC. “We are looking at trade finance as a big product to facilitate cross-border trading,” said KCB Chief Financial Officer Lawrence Kimathi. Mr Kimathi added that the acquisition would also help the lender expand its loan book, noting that since announcing the deal with TMB, the lender has received a pipeline of KES 28 billion in facilities from sectors such as energy, cement manufacturing, and mining. However, KCB is interested in trade financing, which protects parties involved in cross-border trade from risks such as currency fluctuations, political instability, and nonpayment issues. - TMB will likely require cash/capital infusions. - What did KCB pay for TMB? I bet Equity got in much cheaper. King James has skin in the game. - Risks in DRC with the constant wars/drama? - Equity has Equitel piggybacking on Airtel. Can Vooma compete? All in all, if peace holds, then this will be good for KCB. Not easy though. We wait to see if it will require cash infusions like Equity BCDC.Equity BCDC is planning to issue a commercial paper next year after getting ksh.11 billion infusion from Equity Group with no change in shareholding. https://www.businessdail...l-into-drc-unit-3780166
TMB DRC will give Equity BCDC a run and competition. Equitel has never published it's financial results nr mention its revenue,kwani they are doing charity. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi
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Ericsson wrote:VituVingiSana wrote:Ericsson wrote:obiero wrote:Ericsson wrote:TMB DRC acquisition concluded.
TMB balance sheet size is $1.7bn making TMB the second largest subsidiary in the KCB Group Simba KCB will now become the third largest bank in DRC, trailing only Rawbank and EquityBCDC. “We are looking at trade finance as a big product to facilitate cross-border trading,” said KCB Chief Financial Officer Lawrence Kimathi. Mr Kimathi added that the acquisition would also help the lender expand its loan book, noting that since announcing the deal with TMB, the lender has received a pipeline of KES 28 billion in facilities from sectors such as energy, cement manufacturing, and mining. However, KCB is interested in trade financing, which protects parties involved in cross-border trade from risks such as currency fluctuations, political instability, and nonpayment issues. - TMB will likely require cash/capital infusions. - What did KCB pay for TMB? I bet Equity got in much cheaper. King James has skin in the game. - Risks in DRC with the constant wars/drama? - Equity has Equitel piggybacking on Airtel. Can Vooma compete? All in all, if peace holds, then this will be good for KCB. Not easy though. We wait to see if it will require cash infusions like Equity BCDC.Equity BCDC is planning to issue a commercial paper next year after getting ksh.11 billion infusion from Equity Group with no change in shareholding. https://www.businessdail...l-into-drc-unit-3780166
TMB DRC will give Equity BCDC a run and competition. Equitel has never published it's financial results nr mention its revenue,kwani they are doing charity. On the 11bn, I need to look at it but it depends on whether it is Tier 1 or 2. The article says " Equity is set to inject additional capital of $100 million (Sh11.5 billion) into its new subsidiary Equity Banque Commerciale du Congo (Equity BCDC)." and not that it has invested 11bn. If it is Tier1 then more shares will be issued to Equity Group. If others do not invest their share then Equity's shareholding in Equity BCDC will increase. The Annual Report will have more info. Equitel does not need to publish results. It is almost an appendage that supports the larger bank. 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: 10,804 Location: NAIROBI
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VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:obiero wrote:Ericsson wrote:TMB DRC acquisition concluded.
TMB balance sheet size is $1.7bn making TMB the second largest subsidiary in the KCB Group Simba KCB will now become the third largest bank in DRC, trailing only Rawbank and EquityBCDC. “We are looking at trade finance as a big product to facilitate cross-border trading,” said KCB Chief Financial Officer Lawrence Kimathi. Mr Kimathi added that the acquisition would also help the lender expand its loan book, noting that since announcing the deal with TMB, the lender has received a pipeline of KES 28 billion in facilities from sectors such as energy, cement manufacturing, and mining. However, KCB is interested in trade financing, which protects parties involved in cross-border trade from risks such as currency fluctuations, political instability, and nonpayment issues. - TMB will likely require cash/capital infusions. - What did KCB pay for TMB? I bet Equity got in much cheaper. King James has skin in the game. - Risks in DRC with the constant wars/drama? - Equity has Equitel piggybacking on Airtel. Can Vooma compete? All in all, if peace holds, then this will be good for KCB. Not easy though. We wait to see if it will require cash infusions like Equity BCDC.Equity BCDC is planning to issue a commercial paper next year after getting ksh.11 billion infusion from Equity Group with no change in shareholding. https://www.businessdail...l-into-drc-unit-3780166
TMB DRC will give Equity BCDC a run and competition. Equitel has never published it's financial results nr mention its revenue,kwani they are doing charity. On the 11bn, I need to look at it but it depends on whether it is Tier 1 or 2. The article says " Equity is set to inject additional capital of $100 million (Sh11.5 billion) into its new subsidiary Equity Banque Commerciale du Congo (Equity BCDC)." and not that it has invested 11bn. If it is Tier1 then more shares will be issued to Equity Group. If others do not invest their share then Equity's shareholding in Equity BCDC will increase. The Annual Report will have more info. Equitel does not need to publish results. It is almost an appendage that supports the larger bank. Sure let's wait for the annual report for the finer details. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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VituVingiSana wrote:Ericsson wrote:obiero wrote:Ericsson wrote:TMB DRC acquisition concluded.
TMB balance sheet size is $1.7bn making TMB the second largest subsidiary in the KCB Group Simba KCB will now become the third largest bank in DRC, trailing only Rawbank and EquityBCDC. “We are looking at trade finance as a big product to facilitate cross-border trading,” said KCB Chief Financial Officer Lawrence Kimathi. Mr Kimathi added that the acquisition would also help the lender expand its loan book, noting that since announcing the deal with TMB, the lender has received a pipeline of KES 28 billion in facilities from sectors such as energy, cement manufacturing, and mining. However, KCB is interested in trade financing, which protects parties involved in cross-border trade from risks such as currency fluctuations, political instability, and nonpayment issues. - TMB will likely require cash/capital infusions. - What did KCB pay for TMB? I bet Equity got in much cheaper. King James has skin in the game. - Risks in DRC with the constant wars/drama? - Equity has Equitel piggybacking on Airtel. Can Vooma compete? All in all, if peace holds, then this will be good for KCB. Not easy though. Unconfirmed reports say KCB paid ksh.15.7bn for the 85% stake Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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