Wazua
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Equity Bank HY 2015 net profit up 12%
Rank: Elder Joined: 9/15/2006 Posts: 3,907
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James Mwangi and his usual interesting narratives in the live feed. Finally...
40% growth in deposits
32% growth in liabilities
interest income up 14%
non funded income up 30%
profit before tax up 12%
profit before tax up 12% to 8.57bn
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Rank: Veteran Joined: 8/10/2014 Posts: 992 Location: Kenya
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The high growth in deposits then the extra 53bn loan they got from GES, loan book should start growing faster in all countries.
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Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI
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@watesh not really; High interest rates,weak economic growth,weakening shilling,widening budget and trade deficit Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 14,226 Location: nairobi
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Ericsson wrote:@watesh not really;
High interest rates,weak economic growth,weakening shilling,widening budget and trade deficit 12.1B in profit is a sign of health in business for Equity
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Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI
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First half of 2015 has been quite good;second half looks rosy. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 8/10/2014 Posts: 992 Location: Kenya
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Ericsson wrote:@watesh not really;
High interest rates,weak economic growth,weakening shilling,widening budget and trade deficit Over the past year lots of machinery has been imported planes, equipment for SGR etc while tourism numbers have gone down. As long as Alshabaab dont do anything extreme for a while tourists will get back. The dollar is really strong and it has affected all currencies causing them to weaken. 6% economic growth in Kenya,7% in Tanzania, 9% in DRC and 6% in Uganda is fairly great to me...With more funding available the supply of capital will be high and demand for capital is always high...I see more growth in Equity esp outside Kenya
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Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI
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@watesh; widening budget and trade deficit;exports diminishing Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: User Joined: 1/20/2014 Posts: 3,528
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watesh wrote:Ericsson wrote:@watesh not really;
High interest rates,weak economic growth,weakening shilling,widening budget and trade deficit Over the past year lots of machinery has been imported planes, equipment for SGR etc while tourism numbers have gone down. As long as Alshabaab dont do anything extreme for a while tourists will get back. The dollar is really strong and it has affected all currencies causing them to weaken. 6% economic growth in Kenya,7% in Tanzania, 9% in DRC and 6% in Uganda is fairly great to me...With more funding available the supply of capital will be high and demand for capital is always high...I see more growth in Equity esp outside Kenya Remember the effects of the economic slump + CBK actions will be felt from Q3 going forward plus KES not yet tamed despited the many actions. Equity's still experiences minimal bottomline contribution from the subsidiaries in other countries. DRC just setting up, Tz been a challenge - Kenya businesses dont seem to thrive there, SS in turmoil .....Ug and Rwanda i am not sure! Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Rank: Veteran Joined: 8/10/2014 Posts: 992 Location: Kenya
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Othelo wrote:watesh wrote:Ericsson wrote:@watesh not really;
High interest rates,weak economic growth,weakening shilling,widening budget and trade deficit Over the past year lots of machinery has been imported planes, equipment for SGR etc while tourism numbers have gone down. As long as Alshabaab dont do anything extreme for a while tourists will get back. The dollar is really strong and it has affected all currencies causing them to weaken. 6% economic growth in Kenya,7% in Tanzania, 9% in DRC and 6% in Uganda is fairly great to me...With more funding available the supply of capital will be high and demand for capital is always high...I see more growth in Equity esp outside Kenya Remember the effects of the economic slump + CBK actions will be felt from Q3 going forward plus KES not yet tamed despited the many actions. Equity's still experiences minimal bottomline contribution from the subsidiaries in other countries. DRC just setting up, Tz been a challenge - Kenya businesses dont seem to thrive there, SS in turmoil .....Ug and Rwanda i am not sure! H1 2015 Tanzania Customer deposits +52%, Loan book +113%, Asset +91%, PBT +159% while in Rwanda Customer Deposits +52%, Loan Book +72%, Assets +80% and PBT +499%....if this is not impressive, i dont know what is....Uganda has been the challenge due to loan provisions, they seem to be poor in paying debts, but customer deposits there were up 26% but PBT -8%...South Sudan Customer deposits +93% and loan growth is -18%, high loan provisions and defaults in this country because of oil money is going to the army, DRC with its main currency as US dollars and very tiny banking penetration will be interesting to watch...If Ethiopia opens up i see an acquisition taking place. Overall subsidiary PBT up +41% which to me is great considering they are spending in opening up branches and IT in the regions....Kenya is growing at 11% which is higher than KCB's 10%. If uv noticed Equity rarely market in media nowadays, its more of word of mouth. The recent one was maybe American Express which am sure AmEx are footing a big part of the bill to market it. Increased interest rates mean increased interest margins going forward. There may be defaults but am sure they are really experienced to handle this since it has happened before within the last 10 years
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Rank: Member Joined: 1/31/2007 Posts: 304
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watesh wrote:Othelo wrote:watesh wrote:Ericsson wrote:@watesh not really;
High interest rates,weak economic growth,weakening shilling,widening budget and trade deficit Over the past year lots of machinery has been imported planes, equipment for SGR etc while tourism numbers have gone down. As long as Alshabaab dont do anything extreme for a while tourists will get back. The dollar is really strong and it has affected all currencies causing them to weaken. 6% economic growth in Kenya,7% in Tanzania, 9% in DRC and 6% in Uganda is fairly great to me...With more funding available the supply of capital will be high and demand for capital is always high...I see more growth in Equity esp outside Kenya Remember the effects of the economic slump + CBK actions will be felt from Q3 going forward plus KES not yet tamed despited the many actions. Equity's still experiences minimal bottomline contribution from the subsidiaries in other countries. DRC just setting up, Tz been a challenge - Kenya businesses dont seem to thrive there, SS in turmoil .....Ug and Rwanda i am not sure! H1 2015 Tanzania Customer deposits +52%, Loan book +113%, Asset +91%, PBT +159% while in Rwanda Customer Deposits +52%, Loan Book +72%, Assets +80% and PBT +499%....if this is not impressive, i dont know what is....Uganda has been the challenge due to loan provisions, they seem to be poor in paying debts, but customer deposits there were up 26% but PBT -8%...South Sudan Customer deposits +93% and loan growth is -18%, high loan provisions and defaults in this country because of oil money is going to the army, DRC with its main currency as US dollars and very tiny banking penetration will be interesting to watch...If Ethiopia opens up i see an acquisition taking place. Overall subsidiary PBT up +41% which to me is great considering they are spending in opening up branches and IT in the regions....Kenya is growing at 11% which is higher than KCB's 10%. If uv noticed Equity rarely market in media nowadays, its more of word of mouth. The recent one was maybe American Express which am sure AmEx are footing a big part of the bill to market it. Increased interest rates mean increased interest margins going forward. There may be defaults but am sure they are really experienced to handle this since it has happened before within the last 10 years That's great news..this is definately a buy for the longterm
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Equity Bank HY 2015 net profit up 12%
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