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Equity Bank FY2012 Results
Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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Download it from the link below: https://www.nse.co.ke/li...ted-end-of-year-results
Dividend up 25% to 1.25 from 1.00 last year! Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Member Joined: 3/26/2012 Posts: 830
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PAT?...EPS?...DPS? A successful man is not he who gets the best, it is he who makes the best from what he gets.
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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EPS up 16.8% to 3.26 Trailing PE now stands at 8.58 at a price of 28. @SufficientlyP
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Rank: Member Joined: 10/17/2009 Posts: 16
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div 1.25 PBT 17.42b small leaks do sink great ships...
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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Liquidity ratio up 9% to 46% @SufficientlyP
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Really nice and above my expectations. I was not expecting PBT to exceed Kshs. 17 Billion and the div to be ramped up by as much. Kazi iendelee... GOD BLESS YOUR LIFE
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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youcan'tstopusnow wrote:Really nice and above my expectations. I was not expecting PBT to exceed Kshs. 17 Billion and the div to be ramped up by as much.
Kazi iendelee...
i kind of tend to disagree on the dividend part keeping in mind its peer, KCB, will be more generous. To me, a 1st tier bank should be retaining less compared to lower rank banks that desparately want to grow! Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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dunkang wrote:youcan'tstopusnow wrote:Really nice and above my expectations. I was not expecting PBT to exceed Kshs. 17 Billion and the div to be ramped up by as much.
Kazi iendelee...
i kind of tend to disagree on the dividend part keeping in mind its peer, KCB, will be more generous. To me, a 1st tier bank should be retaining less compared to lower rank banks that desparately want to grow! Best believe Equity desperately wants to grow as well! dunkang, what div were you expecting? 40pc payout is a nice level. KCB has always been doing 50pc GOD BLESS YOUR LIFE
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Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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Equity wants to grow. There's EAC & more... There's Africa to conquer! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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youcan'tstopusnow wrote:dunkang wrote:youcan'tstopusnow wrote:Really nice and above my expectations. I was not expecting PBT to exceed Kshs. 17 Billion and the div to be ramped up by as much.
Kazi iendelee...
i kind of tend to disagree on the dividend part keeping in mind its peer, KCB, will be more generous. To me, a 1st tier bank should be retaining less compared to lower rank banks that desparately want to grow! Best believe Equity desperately wants to grow as well! dunkang, what div were you expecting? 40pc payout is a nice level. KCB has always been doing 50pc cant agree more @youcan'tstopusnow. the results are above expectations and the dividend payout made is a balance of retaining earnings for future growth Vs appeasing shareholders. I even notice that the dividend payout this year compares well with the one just delivered by KCB (Equity Bank - 42% Vs KCB - 46%)
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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*applause* During the year, Equity Bank opened 22 new branches, set up operations in Rwanda and invested in its information technology infrastructure. The costs for these initiatives drove operating costs in FY12. Despite this, the bank was able to record an improvement in cost to income ratio from 50.1% to 48.8%
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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mwekez@ji wrote:*applause* During the year, Equity Bank opened 22 new branches, set up operations in Rwanda and invested in its information technology infrastructure. The costs for these initiatives drove operating costs in FY12. Despite this, the bank was able to record an improvement in cost to income ratio from 50.1% to 48.8%  - The number of Equity Group agents stood at 6,344 in the year ending 2012. Transactions by agents grew by 96 percent between 2011 and 2012. Agents’ transactions accounted for 30 percent of total bank transactions. - The bank today has one of the best systems in the industry. Its core banking system has the capacity of handling 35 million accounts and currently has over 7.8 million accounts. - Lending to Small and Medium Sized enterprises (SME) increased by 45 percent to Ksh 63.69 billion during the year. Last year, Equity Bank announced plans to increase lending to this fast growing sector. The SME sector today accounts for about 45.5 percent of the bank’s loan book.http://www.equitybank.co...s-profits-by-36-percent
GOD BLESS YOUR LIFE
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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#Noted, Equity Bank Loan loss provision declined 1.3% y/y on higher lending to SMEs: The Banks loan loss provision fell as a result of decreased lending to the micro sector (NPL ratio of 8.4%) and increased lending to Small and Medium sized enterprises (NPL ratio of 1.8%). Overall NPL ratio stood at 3.2%. The bank believes that it could continue to see an improvement in NPLs as it grows its SME loan book (currently 45.5% of the total loan book)
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Sobering mobile money report for the banks that really on the small saver - http://www.businessdaily.../-/3nw8mjz/-/index.html
Potential threat for banks that target the same clients who now prefer saving on the mobile money accounts. Such bankers had better partner with mobile money operators. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 2/23/2009 Posts: 1,626
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hisah wrote:Sobering mobile money report for the banks that really on the small saver - http://www.businessdaily.../-/3nw8mjz/-/index.html
Potential threat for banks that target the same clients who now prefer saving on the mobile money accounts. Such bankers had better partner with mobile money operators. I think the financial sector is due for another drastic shift. Uncertainty is certain.Let go
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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ChessMaster wrote:hisah wrote:Sobering mobile money report for the banks that really on the small saver - http://www.businessdaily.../-/3nw8mjz/-/index.html
Potential threat for banks that target the same clients who now prefer saving on the mobile money accounts. Such bankers had better partner with mobile money operators. I think the financial sector is due for another drastic shift. ...and that expected demand push informs such a tie-up well: KCB targets loan book growth from M-Pesa agents deal http://www.businessdaily...6/-/12acvhz/-/index.html
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Rank: Elder Joined: 2/23/2009 Posts: 1,626
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Cde Monomotapa wrote:ChessMaster wrote:[quote=hisah]Sobering mobile money report for the banks that really on the small saver - http://www.businessdaily.../-/3nw8mjz/-/index.html
Potential threat for banks that target the same clients who now prefer saving on the mobile money accounts. Such bankers had better partner with mobile money operators. I think the financial sector is due for another drastic shift. ...and that expected demand push informs such a tie-up well: KCB targets loan book growth from M-Pesa agents deal http://www.businessdaily.../-/12acvhz/-/index.html[/quote] That's good.pumping money into a well needed service. And NFC is the next technology in line. http://www.businessdailyafrica.com/Why-Kenyans-fear-using-plastic-money-to-shop/-/1248928/1707348/-/item/0/-/w5p5qxz/-/index.htmlUncertainty is certain.Let go
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Rank: Veteran Joined: 10/11/2009 Posts: 1,223
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This is it, this is the big thing! Equity has paid dividends immediately after the AGM and 2weeks ahead of the stated date. History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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BGL wrote:This is it, this is the big thing!
Equity has paid dividends immediately after the AGM and 2weeks ahead of the stated date.
Equity is a great success story. I will invest in it in my next entry cycle. Life is short. Live passionately.
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