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Equity Bank Q1 2012 Pre tax profit up 29%
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GenghisCapitalLtd
#1 Posted : Thursday, April 26, 2012 9:30:40 AM

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wazuans

Equity bank will release their Q1 results today at 2.30pm at Equity Centre. The surprising thing is that they are the first bank to do release this time round is there anything to read into that? I think they must have excellent results to be the first one off the blocks, really interested to know your expectations!
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  | | Edit by moderator: Friday, April 27, 2012 9:37 AM | Reason: title clarified
gathinga
#2 Posted : Thursday, April 26, 2012 10:07:55 AM
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when is KCB releasing theirs?
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GenghisCapitalLtd
#3 Posted : Thursday, April 26, 2012 10:12:23 AM

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gathinga wrote:
when is KCB releasing theirs?

gathinga as soon as I know u will know, expect it to be early next week cz they always compete with Equity bank. NIC have released theirs btw; http://www.wazua.co.ke/f...aspx?g=posts&t=18583
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Aguytrying
#4 Posted : Thursday, April 26, 2012 10:17:31 AM
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Joined: 7/11/2010
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would explain the rally
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GenghisCapitalLtd
#5 Posted : Thursday, April 26, 2012 10:25:02 AM

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gathinga wrote:
when is KCB releasing theirs?

gathinga as soon as I know u will know, expect it to be early next week cz they always compete with Equity bank in that front. NIC have released theirs btw; http://www.wazua.co.ke/f...aspx?g=posts&t=18583
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ngapat
#6 Posted : Thursday, April 26, 2012 5:03:12 PM
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Equity bank Pre tax profit up 29%
http://af.reuters.com/ar...ws/idAFJOE83P08A20120426
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ngapat
#7 Posted : Thursday, April 26, 2012 5:06:18 PM
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So Equity bank PAT is higher than KCB's. 3.73B Vs 3.4B
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gathinga
#8 Posted : Thursday, April 26, 2012 5:18:24 PM
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Seems the race is to the line this time. Last year the LION overtook Member in Q4. Lets see who finishes first this year
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Cde Monomotapa
#9 Posted : Thursday, April 26, 2012 6:41:08 PM
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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?
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GenghisCapitalLtd
#10 Posted : Thursday, April 26, 2012 7:30:19 PM

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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.
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