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KCB 2018 and Beyond
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Ericsson
#1 Posted : Tuesday, July 24, 2018 7:12:56 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
https://www.centralbank....0Revised%20Proposal.pdf

IMPERIAL BANK LIMITED (IN RECEIVERSHIP)
EXPRESSION OF INTEREST –REVISED PROPOSAL
Central Bank of Kenya (CBK) and
Kenya Deposit Insurance Corporation (KDIC)
announce the receipt of a revised proposal from one of the selected bidders with respect to Imperial Bank Limited (In Receivership) (IBLR), as part of the Expression of Interest (EOI)process announced on October 13, 2017
Press Release
. Following the announcement of the receipt of the initial proposals on April 13,2018
Press Release,CBK and KDIC went back to the two selected bidders which has resulted in the revised proposal.
The revised proposal was received from KCB Bank Kenya Limited (KCB), while the other bidder has withdrawn from the process. Having assessed the revised proposal, CBK and KDIC will engage KCB in discussions aimed at maximizing the value for depositors.
CBK and KDIC will provide further details to stakeholders at the appropriate time.
CBK and KDIC reiterate their commitment in keeping with their respective mandates and
in accordance with the Laws of Kenya,to protect the interest of depositors, creditors, and
the wider public interest.
Wealth is built through a relatively simple equation
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obiero
#2 Posted : Tuesday, July 24, 2018 10:23:14 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,515
Location: nairobi

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Ericsson
#3 Posted : Wednesday, July 25, 2018 7:11:27 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
Kcb bank kenya got tired of waiting for NBK and decided to pursue other alternatives.
The bidder that dropped out was DTB
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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KulaRaha
#4 Posted : Wednesday, July 25, 2018 8:08:48 AM
Rank: Elder


Joined: 7/26/2007
Posts: 6,514
Word is KCB was "forced" to make a bid since no one wanted Imperial.
Business opportunities are like buses,there's always another one coming
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VituVingiSana
#5 Posted : Wednesday, July 25, 2018 9:48:10 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
Ericsson wrote:
Kcb bank kenya got tired of waiting for NBK and decided to pursue other alternatives.
The bidder that dropped out was DTB

I can understand why DTB bid for Imperial given the market segment DTB and Imperial were in BUT of what benefit is Imperial to KCB?

As for NBK, without the "favored son" concessions, what value does NBK bring to KCB?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Horton
#6 Posted : Wednesday, July 25, 2018 11:23:34 AM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
KulaRaha wrote:
Word is KCB was "forced" to make a bid since no one wanted Imperial.



There we go shooting in the dark again........IBL has good loan book. I guess this is what KCB is targeting

As it is KCB has deep pockets
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VituVingiSana
#7 Posted : Wednesday, July 25, 2018 11:34:45 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
Horton wrote:
KulaRaha wrote:
Word is KCB was "forced" to make a bid since no one wanted Imperial.


There we go shooting in the dark again........IBL has good loan book. I guess this is what KCB is targeting >>> Weren't many of IBL's large loans to shady firms and insiders.

As it is KCB has deep pockets >>> That's irrelevant. Why pay for garbage?

Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#8 Posted : Wednesday, July 25, 2018 11:57:40 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
VituVingiSana wrote:
Horton wrote:
KulaRaha wrote:
Word is KCB was "forced" to make a bid since no one wanted Imperial.


There we go shooting in the dark again........IBL has good loan book. I guess this is what KCB is targeting >>> Weren't many of IBL's large loans to shady firms and insiders.

As it is KCB has deep pockets >>> That's irrelevant. Why pay for garbage?



@vvs always sees everything evil in what KCB does.
The good book will be taken by KCB while the bad one remains with KDIC
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Horton
#9 Posted : Wednesday, July 25, 2018 12:05:29 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
Horton wrote:
KulaRaha wrote:
Word is KCB was "forced" to make a bid since no one wanted Imperial.


There we go shooting in the dark again........IBL has good loan book. I guess this is what KCB is targeting >>> Weren't many of IBL's large loans to shady firms and insiders.

As it is KCB has deep pockets >>> That's irrelevant. Why pay for garbage?



@vvs always sees everything evil in what KCB does.
The good book will be taken by KCB while the bad one remains with KDIC



Investment shouldn’t be emotional @VVS
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KulaRaha
#10 Posted : Wednesday, July 25, 2018 12:21:21 PM
Rank: Elder


Joined: 7/26/2007
Posts: 6,514
Horton wrote:
KulaRaha wrote:
Word is KCB was "forced" to make a bid since no one wanted Imperial.



There we go shooting in the dark again........IBL has good loan book. I guess this is what KCB is targeting

As it is KCB has deep pockets


IBL good loan book is tiny...that's why DTB didn't buy despite the target customer being the same.

Business opportunities are like buses,there's always another one coming
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mlennyma
#11 Posted : Wednesday, July 25, 2018 12:36:14 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
Let me just hope kcb has used the best financial brains to do the due diligence
"Don't let the fear of losing be greater than the excitement of winning."
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VituVingiSana
#12 Posted : Wednesday, July 25, 2018 12:37:53 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
Horton wrote:
Ericsson wrote:
VituVingiSana wrote:
Horton wrote:
KulaRaha wrote:
Word is KCB was "forced" to make a bid since no one wanted Imperial.


There we go shooting in the dark again........IBL has good loan book. I guess this is what KCB is targeting >>> Weren't many of IBL's large loans to shady firms and insiders.

As it is KCB has deep pockets >>> That's irrelevant. Why pay for garbage?



@vvs always sees everything evil in what KCB does.
The good book will be taken by KCB while the bad one remains with KDIC


Investment shouldn’t be emotional @VVS

@ericsson has nothing better to do but look for conspiracies. Laughing out loudly Laughing out loudly Laughing out loudly

Again, I ask... what does KCB see in IBL?
What's the size of the "good" book that IBL has?
Why spend time/resources trying to buy a tiny (clean) book vs their current portfolio?

Deep pockets doesn't mean one should waste money. Think like Warren Buffett who has skin in the game.
An example is how the useless board of Unga justified the purchase of Ennsvalley from the Ndegwas.
Another is KQ's board and managers who pushed hedging and Project Mawingu.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#13 Posted : Wednesday, July 25, 2018 12:43:12 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
VituVingiSana wrote:
Horton wrote:
Ericsson wrote:
VituVingiSana wrote:
Horton wrote:
KulaRaha wrote:
Word is KCB was "forced" to make a bid since no one wanted Imperial.


There we go shooting in the dark again........IBL has good loan book. I guess this is what KCB is targeting >>> Weren't many of IBL's large loans to shady firms and insiders.

As it is KCB has deep pockets >>> That's irrelevant. Why pay for garbage?



@vvs always sees everything evil in what KCB does.
The good book will be taken by KCB while the bad one remains with KDIC


Investment shouldn’t be emotional @VVS

@ericsson has nothing better to do but look for conspiracies. Laughing out loudly Laughing out loudly Laughing out loudly

Again, I ask... what does KCB see in IBL?
What's the size of the "good" book that IBL has?
Why spend time/resources trying to buy a tiny (clean) book vs their current portfolio?

Deep pockets doesn't mean one should waste money. Think like Warren Buffett who has skin in the game.
An example is how the useless board of Unga justified the purchase of Ennsvalley from the Ndegwas.
Another is KQ's board and managers who pushed hedging and Project Mawingu.


You are always screwed in the companies you invest in.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#14 Posted : Wednesday, July 25, 2018 1:06:58 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
Horton wrote:
Ericsson wrote:
VituVingiSana wrote:
Horton wrote:
KulaRaha wrote:
Word is KCB was "forced" to make a bid since no one wanted Imperial.


There we go shooting in the dark again........IBL has good loan book. I guess this is what KCB is targeting >>> Weren't many of IBL's large loans to shady firms and insiders.

As it is KCB has deep pockets >>> That's irrelevant. Why pay for garbage?



@vvs always sees everything evil in what KCB does.
The good book will be taken by KCB while the bad one remains with KDIC


Investment shouldn’t be emotional @VVS

@ericsson has nothing better to do but look for conspiracies. Laughing out loudly Laughing out loudly Laughing out loudly

Again, I ask... what does KCB see in IBL?
What's the size of the "good" book that IBL has?
Why spend time/resources trying to buy a tiny (clean) book vs their current portfolio?

Deep pockets doesn't mean one should waste money. Think like Warren Buffett who has skin in the game.
An example is how the useless board of Unga justified the purchase of Ennsvalley from the Ndegwas.
Another is KQ's board and managers who pushed hedging and Project Mawingu.


You are always screwed in the companies you invest in.

Laughing out loudly Laughing out loudly Laughing out loudly It's all good. As long as I am OK with it Applause Applause Applause
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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KulaRaha
#15 Posted : Wednesday, July 25, 2018 1:09:02 PM
Rank: Elder


Joined: 7/26/2007
Posts: 6,514
mlennyma wrote:
Let me just hope kcb has used the best financial brains to do the due diligence


VituVingiSana wrote:
Again, I ask... what does KCB see in IBL?
What's the size of the "good" book that IBL has?
Why spend time/resources trying to buy a tiny (clean) book vs their current portfolio?


Arm twisting rather than due diligence.

Else DTB would have bought easily if the good book was worth the effort.

Business opportunities are like buses,there's always another one coming
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Ebenyo
#16 Posted : Wednesday, July 25, 2018 5:04:57 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
Ericsson wrote:
Kcb bank kenya got tired of waiting for NBK and decided to pursue other alternatives.
The bidder that dropped out was DTB



NBK or Chase bank could have been valuable.I dont really think if imperial bank will be valuable to kcb investors.The npls were too high.But i trust Oigara judgement.
Towards the goal of financial freedom
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Ericsson
#17 Posted : Wednesday, July 25, 2018 5:15:02 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
Ebenyo wrote:
Ericsson wrote:
Kcb bank kenya got tired of waiting for NBK and decided to pursue other alternatives.
The bidder that dropped out was DTB



NBK or Chase bank could have been valuable.I dont really think if imperial bank will be valuable to kcb investors.The npls were too high.But i trust Oigara judgement.


Did you read the report which stated how much money is needed to recapitalise NBK?
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#18 Posted : Wednesday, July 25, 2018 8:14:51 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
Kcb bank kenya got tired of waiting for NBK and decided to pursue other alternatives.
The bidder that dropped out was DTB

I can understand why DTB bid for Imperial given the market segment DTB and Imperial were in BUT of what benefit is Imperial to KCB?

As for NBK, without the "favored son" concessions, what value does NBK bring to KCB?


DTB may bid for Dubai bank
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ebenyo
#19 Posted : Wednesday, July 25, 2018 9:06:44 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
Ericsson wrote:
Ebenyo wrote:
Ericsson wrote:
Kcb bank kenya got tired of waiting for NBK and decided to pursue other alternatives.
The bidder that dropped out was DTB



NBK or Chase bank could have been valuable.I dont really think if imperial bank will be valuable to kcb investors.The npls were too high.But i trust Oigara judgement.


Did you read the report which stated how much money is needed to recapitalise NBK?


https://www.google.co.ke...w0UdXemnmlJNUjUVDpvhqyj

kshs 4.2 billion.This was not much.
Towards the goal of financial freedom
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KulaRaha
#20 Posted : Thursday, July 26, 2018 6:58:08 PM
Rank: Elder


Joined: 7/26/2007
Posts: 6,514
Seems the KCB offer isn't really an offer. Governor asking for yet another extension.

Thought so.
Business opportunities are like buses,there's always another one coming
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