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KCB 2018 and Beyond
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Angelica _ann
#371 Posted : Tuesday, September 10, 2019 11:20:58 AM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
wukan wrote:
Angelica _ann wrote:
Ericsson wrote:
After their merger
KCB /NBK will have a 16.51% share of banking services in Kenya,
then NIC/CBA (10.67%)
Cooperative (9.93%)
Equity (9.85%)
Standard Chartered (7.11%)
Diamond Trust (6.72%)
Barclays (6.57%)
CFC Stanbic (5.65%)
I & M Bank (4.78%)
@CAK_Kenya


I see a scenario where once BBK/ABSA branding is through, Standard Chartered Bank will gain some of the 'older' version of BBK customers who have roots in the UK and Europe.


Does not matter anymore the role of UK, Europe investors in the Kenyan economy has been shrinking ever since Kibaki looked east. The future is Afro-Asian. ABSA ditching that beberu BBK tag will work for them in the long run.


ABSA is still very much apartheid tag to me.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Ericsson
#372 Posted : Tuesday, September 10, 2019 11:32:51 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
Angelica _ann wrote:
Ericsson wrote:
After their merger
KCB /NBK will have a 16.51% share of banking services in Kenya,
then NIC/CBA (10.67%)
Cooperative (9.93%)
Equity (9.85%)
Standard Chartered (7.11%)
Diamond Trust (6.72%)
Barclays (6.57%)
CFC Stanbic (5.65%)
I & M Bank (4.78%)
@CAK_Kenya


I see a scenario where once BBK/ABSA branding is through, Standard Chartered Bank will gain some of the 'older' version of BBK customers who have roots in the UK and Europe.


Barclays Plc still has a 15% stake in ABSA
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#373 Posted : Thursday, September 19, 2019 11:37:32 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
What has excited the KCB share price today with big volumes
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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deadpoet
#374 Posted : Thursday, September 19, 2019 11:44:59 AM
Rank: Member

Joined: 9/27/2006
Posts: 506
Was the share swap with NBK effected?
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Ericsson
#375 Posted : Thursday, September 19, 2019 11:47:46 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
deadpoet wrote:
Was the share swap with NBK effected?

Been effected on 27 September and trading on the NSE commences on 30 September.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#376 Posted : Friday, September 20, 2019 11:02:01 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
KCB Group Plc has appointed Mr. Paul Russo as the Managing Director of National Bank of Kenya (@National_Bank following an approval by the Central Bank of Kenya.
During the integration period, KCB will work towards streamlining human resources, systems, processes and procedures to fully realize the value of the envisioned combined efficiencies and productivity synergies post the acquisition
It is expected that the NBK Board will be reorganized in the coming weeks and will provide guidance during the integration period.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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obiero
#377 Posted : Friday, September 20, 2019 12:16:24 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,219
Location: nairobi
Ericsson wrote:
KCB Group Plc has appointed Mr. Paul Russo as the Managing Director of National Bank of Kenya (@National_Bank following an approval by the Central Bank of Kenya.
During the integration period, KCB will work towards streamlining human resources, systems, processes and procedures to fully realize the value of the envisioned combined efficiencies and productivity synergies post the acquisition
It is expected that the NBK Board will be reorganized in the coming weeks and will provide guidance during the integration period.

Good stuff

KQ ABP 4.26
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Ericsson
#378 Posted : Friday, September 20, 2019 10:00:30 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
Nbk former MD Wilfred musau has been redeploy ed to KCB group to oversee integration of two lenders.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#379 Posted : Tuesday, September 24, 2019 12:36:24 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
Share price riding high today
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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obiero
#380 Posted : Tuesday, September 24, 2019 8:13:38 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,219
Location: nairobi
Ericsson wrote:
Share price riding high today

You have seen nothing, yet

KQ ABP 4.26
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