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Equity Bank 2020
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obiero
#131 Posted : Monday, March 07, 2022 7:31:27 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,211
Location: nairobi
Ericsson wrote:
watesh wrote:
Equity Bank risk-based pricing has been approved by CBK. It will now switch to an all-inclusive interest rate system which means all fees associated with the loan eg appraisal fees etc will be included in the interest rate. It will be based on the treasury bills rates (risk-free rate) then they add their operational cost and risk premium based on the sector of the economy the loan will be used in. Currently, the rates will be between 13% - 18.5%


Waah the Era of expensive loans is coming back.

The two men have finished us

KQ ABP 4.26
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Ericsson
#132 Posted : Monday, March 14, 2022 6:27:59 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
FY2021 results to be released on Thursday 17 March 2021
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#133 Posted : Monday, March 21, 2022 11:17:31 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Ericsson wrote:
FY2021 results to be released on Thursday 17 March 2021

Revised to Tuesday 22 March 2022 @7:45am
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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littledove
#134 Posted : Tuesday, March 22, 2022 9:16:35 AM
Rank: Veteran

Joined: 7/1/2014
Posts: 927
Location: sky
Equity Group Full Year 2021 Results [KES YoY]:

- Loan book +23% to 587.7B.
- Total Assets +28.5% to 1.3T.
- Customer Deposits +29.4% to 958.9B.
- Total Interest Income +27.8% to 94.3B.
- Loan provisions -78.0% to 5.8B.
- PAT +99% to 40.1B
- EPS +98% to 10.4
- dps ksh 3
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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Ericsson
#135 Posted : Tuesday, March 22, 2022 12:04:09 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
littledove wrote:
Equity Group Full Year 2021 Results [KES YoY]:

- Loan book +23% to 587.7B.
- Total Assets +28.5% to 1.3T.
- Customer Deposits +29.4% to 958.9B.
- Total Interest Income +27.8% to 94.3B.
- Loan provisions -78.0% to 5.8B.
- PAT +99% to 40.1B
- EPS +98% to 10.4
- dps ksh 3


Equity reduced loan loss provisions by 78%from Kes.26bn to 5.8bn
Increased lending to government by 81% to ksh.391.4bn from 217bn which grew faster than net loans at 23%.

Cost to income ratio for Tanzania and DRC is very high.
Loan to deposit ratio on the downward trend,now at 61%
Dividend payment ratio at 28.9%,lowest in 10 years.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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watesh
#136 Posted : Tuesday, March 22, 2022 12:08:32 PM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
Taking a look at the subsidiaries' performances, what stood out for me was the stellar deposit growth in DRC. Quarter-on-quarter deposits growth volume has already surpassed Kenya's volume yet it's still early years for the brand in the country.

Equity South Sudan is barely making any money there yet KCB was able to squeeze out ksh0.995bn in PBT . Tanzania subsidiary suffering from a lot of NPLs
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VituVingiSana
#137 Posted : Wednesday, March 23, 2022 9:35:33 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,344
Location: Nairobi
watesh wrote:
Taking a look at the subsidiaries' performances, what stood out for me was the stellar deposit growth in DRC. Quarter-on-quarter deposits growth volume has already surpassed Kenya's volume yet it's still early years for the brand in the country.

Equity South Sudan is barely making any money there yet KCB was able to squeeze out ksh0.995bn in PBT . Tanzania subsidiary suffering from a lot of NPLs
I think Mwangi said DRC could be as profitable as Kenya by FY2026 at the current rate of growth. Let's say 2030 for our purposes.

That's like a whole new Equity bank!!!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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watesh
#138 Posted : Wednesday, March 23, 2022 10:24:42 AM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
VituVingiSana wrote:
watesh wrote:
Taking a look at the subsidiaries' performances, what stood out for me was the stellar deposit growth in DRC. Quarter-on-quarter deposits growth volume has already surpassed Kenya's volume yet it's still early years for the brand in the country.

Equity South Sudan is barely making any money there yet KCB was able to squeeze out ksh0.995bn in PBT . Tanzania subsidiary suffering from a lot of NPLs
I think Mwangi said DRC could be as profitable as Kenya by FY2026 at the current rate of growth. Let's say 2030 for our purposes.

That's like a whole new Equity bank!!!


That is mind-blowing to just think about. Ethiopia has already started loading
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Ericsson
#139 Posted : Monday, April 11, 2022 12:34:25 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
https://www.businessdail...quity-bank-stake-3778070
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#140 Posted : Monday, April 11, 2022 11:03:24 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,344
Location: Nairobi
Ericsson wrote:
https://www.businessdailyafrica.com/bd/corporate/companies/ifc-gets-more-rights-with-small-equity-bank-stake-3778070

What silly Neo-colonialism is this?
Unless Equity is selling NEW shares to IFC, this is trying to screw over existing shareholders.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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