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Equity Bank Q1 2012 Pre tax profit up 29%
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Cde Monomotapa
#11 Posted : Thursday, April 26, 2012 8:14:07 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
GenghisCapitalLtd wrote:
Cde Monomotapa wrote:
Cost of funds up 524% from 460M to 2.81B. That's where some of KCB's (Kenya) profits disappeared to. OTW, overall performance is good with me. How did Equity do with cost of funds?

Wow from 460Mn to almost 3Bn, that's huge. Equity's cost of funds was up 283.2% y-o-y to 1.62Bn from 424Mn.

Thanks GC. So stripping out the 'abnormality' it's clear who runs this town ;-)
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GenghisCapitalLtd
#12 Posted : Thursday, April 26, 2012 8:40:20 PM

Rank: Bona-fide

Joined: 11/2/2011
Posts: 191
Location: Nairobi
Cde Monomotapa wrote:
GenghisCapitalLtd wrote:
Cde Monomotapa wrote:
Cost of funds up 524% from 460M to 2.81B. That's where some of KCB's (Kenya) profits disappeared to. OTW, overall performance is good with me. How did Equity do with cost of funds?

Wow from 460Mn to almost 3Bn, that's huge. Equity's cost of funds was up 283.2% y-o-y to 1.62Bn from 424Mn.

Thanks GC. So stripping out the 'abnormality' it's clear who runs this town ;-)

Laughing out loudly Laughing out loudly
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FUNKY
#13 Posted : Friday, April 27, 2012 9:14:56 AM
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Joined: 4/30/2010
Posts: 1,635
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QW25091985
#14 Posted : Friday, April 27, 2012 9:18:37 AM
Rank: User

Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
FUNKY wrote:
http://www.businessdailyafrica.com/Corporate+News/Equity+Bank+overtakes+KCB+in+quarter+one+profits/-/539550/1394688/-/49213vz/-/index.html


Applause Applause Applause Applause Applause Applause Applause Applause Applause .
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accelriskconsult
#15 Posted : Friday, April 27, 2012 9:28:38 AM
Rank: Member

Joined: 4/2/2011
Posts: 629
Location: Nai
Where was equity getting cheaper money? Me still thinks that some financial statements are cooked
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QW25091985
#16 Posted : Friday, April 27, 2012 9:44:10 AM
Rank: User

Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
hahahahha. with member doing kcb in the start of the year i think @cde willnot be loggin in for the rest of the year . his ROAR may soon turn into a ka . Meew ! Laughing out loudly Laughing out loudly Laughing out loudly
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QD
#17 Posted : Friday, April 27, 2012 9:56:40 AM
Rank: Member

Joined: 8/5/2009
Posts: 597
I think saw a post on twitter from KCB group with their Q1 results where pretax rose 35% to 3.4B.
The problem with the world is that the intelligent people are full of doubts while the stupid ones are full of confidence
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dunkang
#18 Posted : Friday, April 27, 2012 9:58:18 AM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
accelriskconsult wrote:
Where was equity getting cheaper money? Me still thinks that some financial statements are cooked


NO! They were given a very cheap loan from an international financier, and i even commented on it here.

Remember, KCB, Coop, Faulu etc are busy wooing people to deposit cash with gifts, while equity has cheap international loans.

Let me look for the LINK!

http://www.standardmedia...=14&j=&m=&d=
Receive with simplicity everything that happens to you.” ― Rashi

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  | | Edit by user: Friday, April 27, 2012 10:13 AM | Reason: Not specified
gathinga
#19 Posted : Friday, April 27, 2012 10:19:27 AM
Rank: Veteran

Joined: 11/30/2006
Posts: 635
dunkang wrote:
[quote=accelriskconsult]Where was equity getting cheaper money? Me still thinks that some financial statements are cooked


NO! They were given a very cheap loan from an international financier, and i even commented on it here.

Remember, KCB, Coop, Faulu etc are busy wooing people to deposit cash with gifts, while equity has cheap international loans.

Let me look for the LINK!

http://www.standardmedia...14&j=&m=&d=[/quote]

Boss LOAR...also got some cheap money from IFC recently. It was 9b if I can remember
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Cde Monomotapa
#20 Posted : Friday, April 27, 2012 10:21:40 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
QW25091985 wrote:
hahahahha. with member doing kcb in the start of the year i think @cde willnot be loggin in for the rest of the year . his ROAR may soon turn into a ka . Meew ! Laughing out loudly Laughing out loudly Laughing out loudly

I expect better from you!! Laughing out loudly Laughing out loudly Laughing out loudly
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