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Portfolio Balancing: Avoid Over Exposure To Financial Sector
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Ericsson
#351 Posted : Monday, February 03, 2025 7:48:10 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
VituVingiSana wrote:
I&M Interim Dividend has checked in
KPLC 31 Jan 2025

There may be some small payments hapo na pale but it will be relatively quiet until April.

EABL will likely have an interim.
BAT will have a final DPS.
Banks will have Final dividends.

Kengen may emulate Kplc and issue an interim dividend.
Safaricom interim dividend
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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wukan
#352 Posted : Thursday, February 06, 2025 7:49:41 AM
Rank: Veteran

Joined: 11/13/2015
Posts: 1,654
Kenyan banks are going to have "come to Jesus" moment very soon.

With a lot of dumb money banks are packing excess reserves with CBK while the real economy is demand constrained.
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Ericsson
#353 Posted : Friday, February 07, 2025 3:24:51 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
wukan wrote:
Kenyan banks are going to have "come to Jesus" moment very soon.

With a lot of dumb money banks are packing excess reserves with CBK while the real economy is demand constrained.



It's tough.
Non-performing loans is a pain in the banking sector.
Government honouring pending bills and reducing its appetite for borrowing is what is needed more than the cosmetic reduction in CBR
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#354 Posted : Friday, February 07, 2025 9:33:55 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Ericsson wrote:
wukan wrote:
Kenyan banks are going to have "come to Jesus" moment very soon.

With a lot of dumb money banks are packing excess reserves with CBK while the real economy is demand constrained.



It's tough.
Non-performing loans is a pain in the banking sector.
Government honouring pending bills and reducing its appetite for borrowing is what is needed more than the cosmetic reduction in CBR

CBR should have been reduced 100bps minimum.
The CRR cut is meaningless for most banks. Banks will limit lending to businesses if their view of the economy going forward is negative.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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wukan
#355 Posted : Monday, February 10, 2025 10:43:32 AM
Rank: Veteran

Joined: 11/13/2015
Posts: 1,654
VituVingiSana wrote:

CBR should have been reduced 100bps minimum.
The CRR cut is meaningless for most banks. Banks will limit lending to businesses if their view of the economy going forward is negative.


Even 2017-2022 when the CBR was in single digits banks were not lending in any significant way. If they were lending it mostly with an eye towards collateral.

I know you enjoy a lot of dividends from banks but the time for them to trim fat is coming.
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VituVingiSana
#356 Posted : Monday, February 10, 2025 12:57:29 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
wukan wrote:
VituVingiSana wrote:

CBR should have been reduced 100bps minimum.
The CRR cut is meaningless for most banks. Banks will limit lending to businesses if their view of the economy going forward is negative.


Even 2017-2022 when the CBR was in single digits banks were not lending in any significant way. If they were lending it mostly with an eye towards collateral.

I know you enjoy a lot of dividends from banks but the time for them to trim fat is coming.
I agree they should get lean and mean. One has to be selective.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#357 Posted : Thursday, March 27, 2025 3:23:42 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
VituVingiSana wrote:
wukan wrote:
VituVingiSana wrote:

CBR should have been reduced 100bps minimum.
The CRR cut is meaningless for most banks. Banks will limit lending to businesses if their view of the economy going forward is negative.


Even 2017-2022 when the CBR was in single digits banks were not lending in any significant way. If they were lending it mostly with an eye towards collateral.

I know you enjoy a lot of dividends from banks but the time for them to trim fat is coming.
I agree they should get lean and mean. One has to be selective.



State to borrow more domestically signalling higher lending rates and crowding out of private sector
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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WWW
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VituVingiSana
#358 Posted : Thursday, March 27, 2025 7:29:24 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
wukan wrote:
VituVingiSana wrote:

CBR should have been reduced 100bps minimum.
The CRR cut is meaningless for most banks. Banks will limit lending to businesses if their view of the economy going forward is negative.


Even 2017-2022 when the CBR was in single digits banks were not lending in any significant way. If they were lending it mostly with an eye towards collateral.

I know you enjoy a lot of dividends from banks but the time for them to trim fat is coming.
I agree they should get lean and mean. One has to be selective.



State to borrow more domestically signalling higher lending rates and crowding out of private sector

Unless there is a miracle, we strike oil or gold in a meaningful way, we are screwed in the long-term at this rate. Getting Ghana vibes.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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wukan
#359 Posted : Thursday, March 27, 2025 10:55:23 AM
Rank: Veteran

Joined: 11/13/2015
Posts: 1,654
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
wukan wrote:
VituVingiSana wrote:

CBR should have been reduced 100bps minimum.
The CRR cut is meaningless for most banks. Banks will limit lending to businesses if their view of the economy going forward is negative.


Even 2017-2022 when the CBR was in single digits banks were not lending in any significant way. If they were lending it mostly with an eye towards collateral.

I know you enjoy a lot of dividends from banks but the time for them to trim fat is coming.
I agree they should get lean and mean. One has to be selective.



State to borrow more domestically signalling higher lending rates and crowding out of private sector

Unless there is a miracle, we strike oil or gold in a meaningful way, we are screwed in the long-term at this rate. Getting Ghana vibes.


Yes, the Ghana vibes are there. Yet, we could have played this differently to rebalance the economy towards the private sector. If only banks/fund managers played ball but most of them didn't have well positioned books to take advantage of the macros last year (apart from SCBK & Liberty).

Agility is the key word. We are not seeing it in the results so far
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VituVingiSana
#360 Posted : Thursday, March 27, 2025 12:09:09 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
wukan wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
wukan wrote:
VituVingiSana wrote:

CBR should have been reduced 100bps minimum.
The CRR cut is meaningless for most banks. Banks will limit lending to businesses if their view of the economy going forward is negative.


Even 2017-2022 when the CBR was in single digits banks were not lending in any significant way. If they were lending it mostly with an eye towards collateral.

I know you enjoy a lot of dividends from banks but the time for them to trim fat is coming.
I agree they should get lean and mean. One has to be selective.



State to borrow more domestically signalling higher lending rates and crowding out of private sector

Unless there is a miracle, we strike oil or gold in a meaningful way, we are screwed in the long-term at this rate. Getting Ghana vibes.


Yes, the Ghana vibes are there. Yet, we could have played this differently to rebalance the economy towards the private sector. If only banks/fund managers played ball but most of them didn't have well positioned books to take advantage of the macros last year (apart from SCBK & Liberty).

Agility is the key word. We are not seeing it in the results so far
When the macros are poor, you have to be defensive. GoK needs to get out of the business of Business.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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