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EQUITY vs KCB
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cnn
#261 Posted : Thursday, July 06, 2017 9:48:52 AM
Rank: Veteran


Joined: 6/17/2009
Posts: 1,619
2.5billion shillings worth of Equity bank shares changing hands early in today's trading.
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obiero
#262 Posted : Thursday, July 06, 2017 10:00:29 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,516
Location: nairobi
cnn wrote:
2.5billion shillings worth of Equity bank shares changing hands early in today's trading.

Monster volume of over 67m shares

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Metasploit
#263 Posted : Thursday, July 06, 2017 10:04:55 AM
Rank: Veteran


Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
obiero wrote:
cnn wrote:
2.5billion shillings worth of Equity bank shares changing hands early in today's trading.

Monster volume of over 67m shares


Local to local trade at 37.50..

Price currently at 37

β€œThe pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Ericsson
#264 Posted : Friday, July 07, 2017 10:57:17 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
http://kenyanwallstreet....p-1000-global-banks-2017
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#265 Posted : Thursday, November 15, 2018 9:05:11 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
On a quarter on quarter 2018 comparative analysis of the two;
Equity bank it is follows;
Q1--ksh.8.326bn
Q2--Ksh.7.126bn
Q3--Ksh.6.938bn

KCB Bank
Q1--ksh.7.5bn
Q2--Ksh.9.6bn
Q3--Ksh.8.5bn

Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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the deal
#266 Posted : Thursday, November 15, 2018 9:46:27 AM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Ericsson wrote:
On a quarter on quarter 2018 comparative analysis of the two;
Equity bank it is follows;
Q1--ksh.8.326bn
Q2--Ksh.7.126bn
Q3--Ksh.6.938bn

KCB Bank
Q1--ksh.7.5bn
Q2--Ksh.9.6bn
Q3--Ksh.8.5bn


KCB busy massaging it's results...
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Ericsson
#267 Posted : Thursday, November 15, 2018 9:47:57 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
the deal wrote:
Ericsson wrote:
On a quarter on quarter 2018 comparative analysis of the two;
Equity bank it is follows;
Q1--ksh.8.326bn
Q2--Ksh.7.126bn
Q3--Ksh.6.938bn

KCB Bank
Q1--ksh.7.5bn
Q2--Ksh.9.6bn
Q3--Ksh.8.5bn


KCB busy massaging it's results...


Haters wa KCB ni wengi
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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mlennyma
#268 Posted : Thursday, November 15, 2018 10:00:37 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
the deal wrote:
Ericsson wrote:
On a quarter on quarter 2018 comparative analysis of the two;
Equity bank it is follows;
Q1--ksh.8.326bn
Q2--Ksh.7.126bn
Q3--Ksh.6.938bn

KCB Bank
Q1--ksh.7.5bn
Q2--Ksh.9.6bn
Q3--Ksh.8.5bn


KCB busy massaging it's results...

Give us your true results.
"Don't let the fear of losing be greater than the excitement of winning."
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Horton
#269 Posted : Thursday, November 15, 2018 10:05:07 AM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
mlennyma wrote:
the deal wrote:
Ericsson wrote:
On a quarter on quarter 2018 comparative analysis of the two;
Equity bank it is follows;
Q1--ksh.8.326bn
Q2--Ksh.7.126bn
Q3--Ksh.6.938bn

KCB Bank
Q1--ksh.7.5bn
Q2--Ksh.9.6bn
Q3--Ksh.8.5bn


KCB busy massaging it's results...

Give us your true results.


😁😁 another conspiracy theory @the deal?
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the deal
#270 Posted : Thursday, November 15, 2018 10:17:23 AM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Horton wrote:
mlennyma wrote:
the deal wrote:
Ericsson wrote:
On a quarter on quarter 2018 comparative analysis of the two;
Equity bank it is follows;
Q1--ksh.8.326bn
Q2--Ksh.7.126bn
Q3--Ksh.6.938bn

KCB Bank
Q1--ksh.7.5bn
Q2--Ksh.9.6bn
Q3--Ksh.8.5bn


KCB busy massaging it's results...

Give us your true results.


😁😁 another conspiracy theory @the deal?


Laughing out loudly Laughing out loudly Laughing out loudly Total operating income in Q3 2018 grew by a mere 3% y/y... So how the hell did PAT grow by 20% y/y without significant improvement in quality of loan book? Let's wait for FY2018 when auditors look at these shenanigans!
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Horton
#271 Posted : Thursday, November 15, 2018 10:42:26 AM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
the deal wrote:
Horton wrote:
mlennyma wrote:
the deal wrote:
Ericsson wrote:
On a quarter on quarter 2018 comparative analysis of the two;
Equity bank it is follows;
Q1--ksh.8.326bn
Q2--Ksh.7.126bn
Q3--Ksh.6.938bn

KCB Bank
Q1--ksh.7.5bn
Q2--Ksh.9.6bn
Q3--Ksh.8.5bn


KCB busy massaging it's results...

Give us your true results.


😁😁 another conspiracy theory @the deal?


Laughing out loudly Laughing out loudly Laughing out loudly Total operating income in Q3 2018 grew by a mere 3% y/y... So how the hell did PAT grow by 20% y/y without significant improvement in quality of loan book? Let's wait for FY2018 when auditors look at these shenanigans!


So op expenses down by 1B mainly due to reduced LLP but that was the same with Equity too. Then 0.2B was because of cost cutting. However the biggest gain was from total other income which went up by 1.3B. Not sure what is mystifying there
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jmbada
#272 Posted : Thursday, November 15, 2018 11:04:39 AM
Rank: Member


Joined: 1/1/2011
Posts: 396
Horton wrote:
the deal wrote:
Horton wrote:
mlennyma wrote:
the deal wrote:
Ericsson wrote:
On a quarter on quarter 2018 comparative analysis of the two;
Equity bank it is follows;
Q1--ksh.8.326bn
Q2--Ksh.7.126bn
Q3--Ksh.6.938bn

KCB Bank
Q1--ksh.7.5bn
Q2--Ksh.9.6bn
Q3--Ksh.8.5bn


KCB busy massaging it's results...

Give us your true results.


😁😁 another conspiracy theory @the deal?


Laughing out loudly Laughing out loudly Laughing out loudly Total operating income in Q3 2018 grew by a mere 3% y/y... So how the hell did PAT grow by 20% y/y without significant improvement in quality of loan book? Let's wait for FY2018 when auditors look at these shenanigans!


So op expenses down by 1B mainly due to reduced LLP but that was the same with Equity too. Then 0.2B was because of cost cutting. However the biggest gain was from total other income which went up by 1.3B. Not sure what is mystifying there

FY 2018 will come out March 2019.....too long to wait. Unaudited numbers are truly meaningless.
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VituVingiSana
#273 Posted : Monday, November 16, 2020 5:34:43 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
From March 2014

VituVingiSana wrote:
I think @mwekezaji has nailed it. Equity has better things to do than be held hostage by bad debtors. I am not sure what portion of the Loan to CCN has been NPL'd but Equity [in 2Q 2014] can write-back the late or unpaid interest and any provisions made.

KCB may make fees, etc from the CCN deal but it comes with headaches as well. And nothing stops Equity for fighting for other (more) profitable business from CCN.

https://www.businessdail...ted-equity-loan-3022610 KCB sues Nairobi County on Sh5 billion defaulted Equity loan
Laughing out loudly Laughing out loudly Laughing out loudly
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#274 Posted : Sunday, November 29, 2020 7:35:05 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
Post completion of the transaction KCB Rwanda will be the second largest bank in Rwanda.
Equity DRC is the second largest bank in DRC.
We'll see between Equity and KCB who made the wise decision,James Mwangi having turned down the offer to acquire BPR which would have moved them to position 2 in Rwanda.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#275 Posted : Thursday, March 04, 2021 4:32:16 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
VituVingiSana wrote:
I think @mwekezaji has nailed it. Equity has better things to do than be held hostage by bad debtors. I am not sure what portion of the Loan to CCN has been NPL'd but Equity [in 2Q 2014] can write-back the late or unpaid interest and any provisions made.

KCB may make fees, etc from the CCN deal but it comes with headaches as well. And nothing stops Equity for fighting for other (more) profitable business from CCN.
City Hall seeks new terms for Sh4.5 billion KCB loan
https://www.businessdail...illion-kcb-loan-3311014 City Hall has revealed plans to restructure a Sh4.45 billion KCB Group loan in a bid to end a legal showdown with the lender and avoid property auction.

City Hall did not disclose if it will seek a review of the interest rate from the 13 percent that KCB Group charged after it inherited the loan from Equity Bank .

The two are locked in a legal dispute after KCB Group sought court orders last year to enforce collection of the debt raising fears of property auction to recover the money.
KCB Group inherited the loan from Equity Bank in September 2014 and offered City Hall a grace period of six months before it could start servicing the debt over eight years.

Equity lent the now defunct Nairobi City Council Sh5 billion in 2011 to pay statutory deductions but the loan was transferred to KCB Group.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#276 Posted : Thursday, March 04, 2021 10:10:27 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
VituVingiSana wrote:
VituVingiSana wrote:
I think @mwekezaji has nailed it. Equity has better things to do than be held hostage by bad debtors. I am not sure what portion of the Loan to CCN has been NPL'd but Equity [in 2Q 2014] can write-back the late or unpaid interest and any provisions made.

KCB may make fees, etc from the CCN deal but it comes with headaches as well. And nothing stops Equity for fighting for other (more) profitable business from CCN.
City Hall seeks new terms for Sh4.5 billion KCB loan
https://www.businessdail...illion-kcb-loan-3311014 City Hall has revealed plans to restructure a Sh4.45 billion KCB Group loan in a bid to end a legal showdown with the lender and avoid property auction.

City Hall did not disclose if it will seek a review of the interest rate from the 13 percent that KCB Group charged after it inherited the loan from Equity Bank .

The two are locked in a legal dispute after KCB Group sought court orders last year to enforce collection of the debt raising fears of property auction to recover the money.
KCB Group inherited the loan from Equity Bank in September 2014 and offered City Hall a grace period of six months before it could start servicing the debt over eight years.

Equity lent the now defunct Nairobi City Council Sh5 billion in 2011 to pay statutory deductions but the loan was transferred to KCB Group.



This is better than the exposure of Equity bank in Tuskys.

https://citizentv.co.ke/...equity-dtb-debt-349021/

At least NCC has assets that can be sold to recover the money.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#277 Posted : Monday, March 29, 2021 9:54:56 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
Equity Group's after tax profit dropped 13.1% to Kshs. 19.8 billion from Sh22.4 billion which is impressive compared to KCB Group's 22% drop.

However, Equity Group's deferred tax amounted to 80% of current tax without which net income would have dropped by a whopping 48%
KCB Group's deferred tax amounted to 44% of current tax.

FY 2020
KCB PBT KES.25.7bn
Equity PBT KES.22.2bn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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young
#278 Posted : Monday, March 29, 2021 11:13:51 AM
Rank: Elder


Joined: 6/20/2007
Posts: 2,037
Location: Lagos, Nigeria
Ericsson wrote:
Equity Group's after tax profit dropped 13.1% to Kshs. 19.8 billion from Sh22.4 billion which is impressive compared to KCB Group's 22% drop.

However, Equity Group's deferred tax amounted to 80% of current tax without which net income would have dropped by a whopping 48%
KCB Group's deferred tax amounted to 44% of current tax.

FY 2020
KCB PBT KES.25.7bn
Equity PBT KES.22.2bn


Good analysis.

Was actually thinking that Equity will overtake KCB in FY 2020 since they did not pay dividend in 2019.

Now 2 years dividend draught from Equity. Those years KCB has spent 12 bln on dividends
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Ericsson
#279 Posted : Monday, March 29, 2021 11:17:19 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
young wrote:
Ericsson wrote:
Equity Group's after tax profit dropped 13.1% to Kshs. 19.8 billion from Sh22.4 billion which is impressive compared to KCB Group's 22% drop.

However, Equity Group's deferred tax amounted to 80% of current tax without which net income would have dropped by a whopping 48%
KCB Group's deferred tax amounted to 44% of current tax.

FY 2020
KCB PBT KES.25.7bn
Equity PBT KES.22.2bn


Good analysis.

Was actually thinking that Equity will overtake KCB in FY 2020 since they did not pay dividend in 2019.

Now 2 years dividend draught from Equity. Those years KCB has spent 12 bln on dividends

KCB has spent 14bn (3.50+1 per share)
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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mlennyma
#280 Posted : Monday, March 29, 2021 11:20:36 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
Ericsson wrote:
young wrote:
Ericsson wrote:
Equity Group's after tax profit dropped 13.1% to Kshs. 19.8 billion from Sh22.4 billion which is impressive compared to KCB Group's 22% drop.

However, Equity Group's deferred tax amounted to 80% of current tax without which net income would have dropped by a whopping 48%
KCB Group's deferred tax amounted to 44% of current tax.

FY 2020
KCB PBT KES.25.7bn
Equity PBT KES.22.2bn


Good analysis.

Was actually thinking that Equity will overtake KCB in FY 2020 since they did not pay dividend in 2019.

Now 2 years dividend draught from Equity. Those years KCB has spent 12 bln on dividends

KCB has spent 14bn (3.50+1 per share)


Equity very mean as usual
"Don't let the fear of losing be greater than the excitement of winning."
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