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equity bank hy2016 results
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Ericsson
#11 Posted : Wednesday, August 24, 2016 3:29:21 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
Highlights;
Equity Bank has reported a shrinking loan book for the first time ever in its six-month operating results released yesterday.The lender’s loan book shrunk by Sh6 billion in the three months to Jun

Its regional subsidiaries reported a 19 per cent drop in profit before tax following a dip in the South Sudan operation to loss territory.
The subsidiaries reported a total of Sh750 million in profit which constituted five per cent of the group profitability down from eight per cent last year.

South Sudan reported a loss of Sh50 million down from a profit of Sh460 million a year ago.

ProCredit Bank of DRC, acquired by Equity last year, posted a five per cent drop in profit to Sh240 million. Tanzania was down 14 per cent to Sh170 million while Rwanda declined 25 per cent to Sh160 million.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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mkate_nusu
#12 Posted : Wednesday, August 24, 2016 6:27:48 AM
Rank: Member

Joined: 5/30/2016
Posts: 332
Location: Kayole
Ericsson wrote:
Highlights;
Equity Bank has reported a shrinking loan book for the first time ever in its six-month operating results released yesterday.The lender’s loan book shrunk by Sh6 billion in the three months to Jun

Its regional subsidiaries reported a 19 per cent drop in profit before tax following a dip in the South Sudan operation to loss territory.
The subsidiaries reported a total of Sh750 million in profit which constituted five per cent of the group profitability down from eight per cent last year.

South Sudan reported a loss of Sh50 million down from a profit of Sh460 million a year ago.

ProCredit Bank of DRC, acquired by Equity last year, posted a five per cent drop in profit to Sh240 million. Tanzania was down 14 per cent to Sh170 million while Rwanda declined 25 per cent to Sh160 million.


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
KEGN, KPLC, KQ, SCOM
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  | | Edit by user: Wednesday, August 24, 2016 6:30 AM | Reason: Not specified
Spikes
#13 Posted : Wednesday, August 24, 2016 8:49:52 AM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
mkate_nusu wrote:
Ericsson wrote:
Highlights;
Equity Bank has reported a shrinking loan book for the first time ever in its six-month operating results released yesterday.The lender’s loan book shrunk by Sh6 billion in the three months to Jun

Its regional subsidiaries reported a 19 per cent drop in profit before tax following a dip in the South Sudan operation to loss territory.
The subsidiaries reported a total of Sh750 million in profit which constituted five per cent of the group profitability down from eight per cent last year.

South Sudan reported a loss of Sh50 million down from a profit of Sh460 million a year ago.

ProCredit Bank of DRC, acquired by Equity last year, posted a five per cent drop in profit to Sh240 million. Tanzania was down 14 per cent to Sh170 million while Rwanda declined 25 per cent to Sh160 million.


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



Be warned that the bear is in town and anything is possible including Equity bowing to forces of gravity! 30/- is a buy.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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VituVingiSana
#14 Posted : Thursday, August 25, 2016 11:29:52 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
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.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#15 Posted : Thursday, August 25, 2016 11:36:03 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
I don't know how to post pics on Wazua

Check out this tweet. https://twitter.com/cold...atus/768727689486278656
[Needs verification]

Update: https://twitter.com/CBKK...tatus/768690655807823872
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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  | | Edit by user: Thursday, August 25, 2016 11:41 AM | Reason: Not specified
moneydust
#16 Posted : Thursday, August 25, 2016 11:37:12 AM
Rank: Member

Joined: 1/31/2007
Posts: 304
VituVingiSana wrote:
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..
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MaichBlack
#17 Posted : Thursday, August 25, 2016 1:55:23 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,840
moneydust wrote:
VituVingiSana wrote:
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..

Don't worry. The President will be monitoring your situation. Unfortunately, the monitoring might go on till after the elections.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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VituVingiSana
#18 Posted : Thursday, August 25, 2016 2:06:20 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
MaichBlack wrote:
moneydust wrote:
VituVingiSana wrote:
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..

Don't worry. The President will be monitoring your situation. Unfortunately, the monitoring might go on till after the elections.

Laughing out loudly Laughing out loudly Laughing out loudly 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%.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mlennyma
#19 Posted : Thursday, August 25, 2016 3:03:18 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Market close 53m front order at 32.50 with no buyers!!this has the potential of another 3 days of 10% drop if investors will continue with their fear
"Don't let the fear of losing be greater than the excitement of winning."
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VituVingiSana
#20 Posted : Thursday, August 25, 2016 3:32:31 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
mlennyma wrote:
Market close 53m front order at 32.50 with no buyers!!this has the potential of another 3 days of 10% drop if investors will continue with their fear

Applause Applause Applause Now if only I had some cash lying around!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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