Seems in Q2 Equity has started struggling coz the profits in Q1 is not equal to Q2.
Coop and KCB did better on a quarter to quarter comparison basis

I would like to vigorously ambush Equity share at 30/-.

I will be in head-first should it touch sub 30!
I know it will double one year after @kamwana's second win...but if @baba takes it, then sub 30 could hold for a foreseeable future.

You will wait kabisa to actualize that!!!!!

My take on the Half year results:
18% rise if profits is very muscular but the downside is out of 14.2bn Kenyan subsidiary carries a whooping 13.5bn, maybe more funds were channeled towards expansion in the subsidiary. Tanzanian unit seems to be experiencing a big struggle in getting deposits, 0.7bn gained since Q1 and down by 0.5bn since start of financial year. Good loan growth and will definitely need more capital injection or debt if it wants to dish out more loans.
South Sudan is a gone case for now.
DRC subsidiary now its biggest subsidiary after Kenyan unit in terms of assets and profit. Hoping peace prevails in the country for the long haul and it should bring in a billion soon. Lots of cash spent on expansion.
Kenyan unit doing great so far. 16bn extra deposits in just Q2.
In terms of the group generally I see net loans up 14% which is +33bn but also govt securities up by 44% which is +22.4bn which is almost 40% of all extra assets brought into the group. All in all the 37% rise in net interest income is phenomenal but what is up with the stagnant non-funded income? (my guess is the increased govt lending which dont have a way to have fees to imposed onto them)
From my opinion Equity is still a buy but in the Kenyan market KCB which has so much more publicity and Co-op are also in the race for the cheap deposits which will be crucial if interest rating caping becomes a reality.

Guys these are good results dont be scared by the negatives mentioned here. Price decline 23rd August was on less than 800 k shares significantly lower than the daily averages.
Wanjiku hold tight to your stakes but I will be glad to take up your shares at discounts

Quality bank and management.

How will JM & team react then deal with the lower rates for the SMEs & micro-loans?
Micro-loans via Equitel is a growing business for Equity and needs to be handled judiciously. It's a gateway for folks to borrow more from Equity as they grow.

Equitel has been a favourite for me in sorting out small time deals that emerge from time to time and I did not mind the interest rate of 2% per month.I hope it continues..

And some banks may reduce unsecured lending at CBR + 4%. Why take the risk? Lend the money to GoK at 11% or higher. 10yr T-Bonds yield 15%.

Now if only I had some cash lying around!