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Equity Bank 2009 Results- 10% higher profit 40p dividend
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Wa_ithaka
#1 Posted : Thursday, February 18, 2010 8:11:47 AM
Rank: Veteran

Joined: 1/7/2010
Posts: 1,279
Location: nbi
Nothing unexpected in its dismal 2009 perfomance including the huge spike in non-perfoming loans which has clearly impacted its numbers. I'd argue the dividend is quite good though.

2010 should see 40% rise in pbt.
The Governor of Nyeri - 2017
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2012
#2 Posted : Thursday, February 18, 2010 8:29:06 AM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
The results are disappointing but I won't complain coz it could have been worse. As for the dividend, not bad. I can see one Nelson Muguku literally smiling all the way to the bank to collect his 85milli.

BBI will solve it :)
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guru267
#3 Posted : Thursday, February 18, 2010 9:43:49 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Nothing bad to be said about equity's results... everything from the loan book, to the assets, to the profit, to the dividends, is up even with a dreadful 2009...

i expect it to shatter barriers this year
Mark 12:29
Deuteronomy 4:16
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FundamentAli
#4 Posted : Thursday, February 18, 2010 9:51:00 AM
Rank: Veteran

Joined: 11/4/2008
Posts: 1,289
Location: Nairobi
Not bad. Total assets up by 22B to 100B. Barclays on the other hand had assets going down by 3B to 165B but reported increased profits. Looks like Equity is heading somewhere.
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mwala
#5 Posted : Thursday, February 18, 2010 11:15:49 AM
Rank: Member

Joined: 9/22/2008
Posts: 79
when are the books closing?
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2012
#6 Posted : Thursday, February 18, 2010 11:41:35 AM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
mwala wrote:
when are the books closing?


The link Waithaka has provided has all the answers.

BBI will solve it :)
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guru267
#7 Posted : Thursday, February 18, 2010 12:17:05 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
2012 wrote:


The link Waithaka has provided has all the answers.


what link are you talking about?????
Mark 12:29
Deuteronomy 4:16
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McReggae
#8 Posted : Thursday, February 18, 2010 12:44:56 PM
Rank: Elder

Joined: 6/17/2008
Posts: 23,365
Location: Nairobi
click on dismal 2009 performance on Waithaka;s post
..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
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selah
#9 Posted : Thursday, February 18, 2010 1:09:07 PM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
@fundaali
Increase in assets aint a good thing in a bank most of those assets are loans which sometime can be bad loans/toxic assets.
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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2012
#10 Posted : Thursday, February 18, 2010 1:27:18 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
selah wrote:
@fundaali
Increase in assets aint a good thing in a bank most of those assets are loans which sometime can be bad loans/toxic assets.


Loans are part of a banks business. Call it high risk high return.

BBI will solve it :)
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  | | Edit by user: Thursday, February 18, 2010 1:28 PM | Reason: Not specified
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