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Equity HY Results
Mainat
#51 Posted : Thursday, August 13, 2009 11:07:00 PM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
This is one of few banks that still excellent momentum going fwd. Compare its entry into Ug with any other Kenyan bank,if u don't believe. Infact,Its diversification from kenya will do it a power of good bcos our economy will grow at a slower rate than of any EA nation. Hence issues with npls in the Kenyan business.

Short-term presents an excellent entry point for those who are interested in holding for 2 or more years.

www.mjengakenya.blogspot.com
Sehemu ndio nyumba
Kamaa
#52 Posted : Friday, August 14, 2009 5:40:00 AM
Rank: Veteran

Joined: 10/6/2007
Posts: 1,177
Location: Nairobi - Kenya
@ mainat

no doubt about that...

EB has persistently demonstrated growth in the banking sector...

i am confident that this counter is still a star...

you've heard me..
When you hear what I say, you will not understand. When you see what I do, you will not comprehend
smooth
#53 Posted : Friday, August 14, 2009 6:46:00 AM
Rank: Member

Joined: 10/26/2007
Posts: 31
Hi Guys,i would wish to know how other banks performed comparatively with the 'one off event' . Mwangi has separated it but have not seen other CEO's doing it.

Anyone with such an info? Thanks


Smooth
Donedeal
#54 Posted : Friday, August 14, 2009 7:41:00 AM
Rank: Member

Joined: 1/13/2009
Posts: 60
As expected,the cooks did a great job!

May we live in interesting times!
Kamaa
#55 Posted : Friday, August 14, 2009 11:12:00 AM
Rank: Veteran

Joined: 10/6/2007
Posts: 1,177
Location: Nairobi - Kenya
this counter is plummeting...

hope it will surmount very soon....

you've heard me..
When you hear what I say, you will not understand. When you see what I do, you will not comprehend
Kausha
#56 Posted : Friday, August 14, 2009 11:44:00 AM
Rank: Member

Joined: 2/8/2007
Posts: 808
results look ok under the circumstances. Expected worse from the loan book due to the drought. What was impressive is the regional performance. It does look like Equity will be making more than 500m profit from the region this year. Interesting comparison with KCB which could loose much more than that amount this year due to the regional xpnsn
simonkabz
#57 Posted : Thursday, August 20, 2009 7:20:00 AM
Rank: Elder

Joined: 3/2/2007
Posts: 8,776
Location: Cameroon
Hmmm....can anyone project the bank's PAT for the year 2010?? On the side,anyone in the knw when they will sort out their ATM mess?

The only reason why some people are still alive is coz its illegal to shoot them!!
TULIA.........UFUNZWE!
The General
#58 Posted : Thursday, August 20, 2009 7:26:00 AM
Rank: Member

Joined: 6/3/2006
Posts: 553
@ SimonKabz,

From management,the comment was

'Overall,the bank has invested over Sh8 billion in the past one year to diversify its business and upgrade its systems. '

The thicker the thigh the sweeter the pie.
The thicker the thigh the sweeter the pie.
simonkabz
#59 Posted : Thursday, August 20, 2009 9:12:00 AM
Rank: Elder

Joined: 3/2/2007
Posts: 8,776
Location: Cameroon
Thank u general,does it mean the 8 B would hav been part of the profits? In fact,that should b the million dollar question.

The only reason why some people are still alive is coz its illegal to shoot them!!
TULIA.........UFUNZWE!
The General
#60 Posted : Thursday, August 20, 2009 10:10:00 AM
Rank: Member

Joined: 6/3/2006
Posts: 553
@ Simonkabz,

Keep in mind there was expansion into UG that must have taken a huge chunk of that 8B. As for the system upgrades...

'Investment was made in shoring up the central ICT platform and an additional 279 ATMs were installed to bring the total to 585 Visa branded ATMs.'

The thicker the thigh the sweeter the pie.
The thicker the thigh the sweeter the pie.
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