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Kenya Economy Watch
heri
#2491 Posted : Thursday, May 07, 2020 2:09:29 PM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
https://twitter.com/keny...tus/1258345104076615680

In April 2020, Kenya's seven largest banks restructured loans amounting to Ksh.176 billion. -

and we are still in early days i guess?
Ericsson
#2492 Posted : Thursday, May 07, 2020 11:09:01 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
heri wrote:
https://twitter.com/kenyanwalstreet/status/1258345104076615680

In April 2020, Kenya's seven largest banks restructured loans amounting to Ksh.176 billion. -

and we are still in early days i guess?

The banks are
Equity bank
Co-operative bank
NCBA
Stanchart
ABSA
Stanbic
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#2493 Posted : Thursday, May 07, 2020 11:10:33 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
heri wrote:
https://twitter.com/kenyanwalstreet/status/1258345104076615680

In April 2020, Kenya's seven largest banks restructured loans amounting to Ksh.176 billion. -

and we are still in early days i guess?

Yes
June/July we'll get a clear picture
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#2494 Posted : Thursday, May 07, 2020 11:12:37 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
heri wrote:
https://twitter.com/kenyanwalstreet/status/1258345104076615680

In April 2020, Kenya's seven largest banks restructured loans amounting to Ksh.176 billion. -

and we are still in early days i guess?

CBK says banks have restructured loans amounting to sh.200bn as at end of April.

Tier 1 banks have restructured the largest amount of loans totalling to sh.176bn.

Tourism and real estate worst affected.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
lochaz-index
#2495 Posted : Friday, May 08, 2020 10:25:17 AM
Rank: Veteran

Joined: 9/18/2014
Posts: 1,127
Ericsson wrote:
heri wrote:
https://twitter.com/kenyanwalstreet/status/1258345104076615680

In April 2020, Kenya's seven largest banks restructured loans amounting to Ksh.176 billion. -

and we are still in early days i guess?

CBK says banks have restructured loans amounting to sh.200bn as at end of April.

Tier 1 banks have restructured the largest amount of loans totalling to sh.176bn.

Tourism and real estate worst affected.

How much did the total industry NPL number come in at last year (2019)?
The main purpose of the stock market is to make fools of as many people as possible.
Ericsson
#2496 Posted : Friday, May 08, 2020 11:08:41 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Moody changes outlook on Government of Kenya's rating from stable to negative.
Concurrently moody has affirmed Kenya's B2 issue and senior unsecured ratings.
The negative outlook reflects the rising financing risks posed by Kenya's large gross borrowing requirements
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
rwitre
#2497 Posted : Friday, May 08, 2020 11:44:16 AM
Rank: Member

Joined: 3/8/2018
Posts: 507
Location: Nairobi
Ericsson wrote:
Moody changes outlook on Government of Kenya's rating from stable to negative.
Concurrently moody has affirmed Kenya's B2 issue and senior unsecured ratings.
The negative outlook reflects the rising financing risks posed by Kenya's large gross borrowing requirements



Sad Sad
heri
#2498 Posted : Friday, May 08, 2020 3:43:29 PM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
lochaz-index wrote:
Ericsson wrote:
heri wrote:
https://twitter.com/kenyanwalstreet/status/1258345104076615680

In April 2020, Kenya's seven largest banks restructured loans amounting to Ksh.176 billion. -

and we are still in early days i guess?

CBK says banks have restructured loans amounting to sh.200bn as at end of April.

Tier 1 banks have restructured the largest amount of loans totalling to sh.176bn.

Tourism and real estate worst affected.

How much did the total industry NPL number come in at last year (2019)?


I wonder if there will be any profits to report in 2020 with the high level of NPLs
Ericsson
#2499 Posted : Monday, May 11, 2020 7:41:33 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Ericsson wrote:
heri wrote:
https://twitter.com/kenyanwalstreet/status/1258345104076615680

In April 2020, Kenya's seven largest banks restructured loans amounting to Ksh.176 billion. -

and we are still in early days i guess?

CBK says banks have restructured loans amounting to sh.200bn as at end of April.

Tier 1 banks have restructured the largest amount of loans totalling to sh.176bn.

Tourism and real estate worst affected.

Equity bank,KCB,Co-operative bank,ABSA,Standard Chartered bank are the most affected
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#2500 Posted : Monday, May 11, 2020 3:18:00 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
heri wrote:
lochaz-index wrote:
Ericsson wrote:
heri wrote:
https://twitter.com/kenyanwalstreet/status/1258345104076615680

In April 2020, Kenya's seven largest banks restructured loans amounting to Ksh.176 billion. -

and we are still in early days i guess?

CBK says banks have restructured loans amounting to sh.200bn as at end of April.

Tier 1 banks have restructured the largest amount of loans totalling to sh.176bn.

Tourism and real estate worst affected.

How much did the total industry NPL number come in at last year (2019)?


I wonder if there will be any profits to report in 2020 with the high level of NPLs


Reduction in interest income
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
263 Pages«<248249250251252>»
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