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NCBA VS President WSR & Former President UK rivalry

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young		#1 Posted : Sunday, June 25, 2023 1:04:57 AM
Rank: Elder Joined: 6/20/2007 Posts: 2,037 Location: Lagos, Nigeria		Hi Guys, I understand former president UK have majority shares in NCBA. Will their current wrangles impact NCBA negatively ? Please what is your take ? Up to Q1 2023, NCBA has been doing very well. Asante Sana. The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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muganda		#2 Posted : Monday, June 26, 2023 12:15:44 PM
Rank: Elder Joined: 9/15/2006 Posts: 3,905		I doubt; just the usual political bluster. My reasons: - NCBA is almost 3rd largest in KE (soon would be almost too big to fail) and 1st by customer numbers in KE (because of mobile accounts) - NCBA footprints in Tz, Ug, Rw further reinforce this point - NCBA is home & cofounder of MShwari & Fuliza, Safaricom's largest mobile money lending products Admittedly, if they lost the court process on tax exemption they'd take a one-off Shs 1b charge, but it would not void their fundamentals.
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Angelica _ann		#3 Posted : Monday, June 26, 2023 12:26:28 PM
Rank: Elder Joined: 12/7/2012 Posts: 11,908		NCBA is strong and stable. What you are hearing is/was just politicking for the sake of it, which has since died down. Plus NCBA is also professionally managed. Fear not! 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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MatataMingi		#4 Posted : Monday, June 26, 2023 3:09:11 PM
Rank: Member Joined: 11/17/2009 Posts: 398 Location: Where everyone knows you		Nothing to worry about. Both NIC and CBA were solid banks before their merger. They both had solid and experienced management. The company I worked for was the major supplier of their IT requirement, before and after their merger.
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andrueastman		#5 Posted : Tuesday, June 27, 2023 11:15:55 AM
Rank: Hello Joined: 2/12/2019 Posts: 7 Location: Nairobi		If there was something to worry about, I would expect to see loss of business from GOK companies in they are principal bankers with and have given loans to e.g. Kengen, KPLC, KQ.
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VituVingiSana		#6 Posted : Tuesday, June 27, 2023 11:18:28 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi		andrueastman wrote: If there was something to worry about, I would expect to see loss of business from GOK companies in they are principal bankers with and have given loans to e.g. Kengen, KPLC, KQ. KQ is almost dead. A prudent bank would NPL the loans to KQ. KPLC has issues around repaying loans too. Some loans were restructured. KenGen's largest debtor is KPLC. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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young		#7 Posted : Wednesday, June 28, 2023 12:34:37 PM
Rank: Elder Joined: 6/20/2007 Posts: 2,037 Location: Lagos, Nigeria		Thanks a lot @Muganda, @Angelica_ann & @MatataMingi for the responses . Your final word and assurances is that there is nothing to fear or worry about This is well noted. The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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