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Equity Bank Q1 2017
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Ericsson
#11 Posted : Thursday, May 25, 2017 10:11:05 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
Ericsson wrote:
Equity's loan book since Q3 2016 has been shrinking in size while other lenders are growing.
If you look at the FY2016 results there was shrinking in loan book as compared to FY2015.
Now in 2017 Q1 they are already reporting a shrink in loan book in comparison to Q1 2016



At the rate at which equity loan book is shrinking it will be a matter of months this year before Co-op bank loan book overtakes Equity's loans and advances.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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MadDoc
#12 Posted : Thursday, May 25, 2017 11:35:23 PM
Rank: Member

Joined: 10/26/2015
Posts: 151
the deal wrote:
Equity Bank used to charge crazy interest rates on micro loans citing risk... They can't do that anymore because of the rate cap... Imagine lending to a high risk client at the same rate as EABL??? Hahaha... The cap will definitely knock Equity's growth momentum... SELL... KCB is a better pick


Equity's loan book is majorly composed of SMEs. Every bank is crippled by the rate capping.
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VituVingiSana
#13 Posted : Friday, May 26, 2017 1:42:57 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
Metasploit wrote:
VituVingiSana wrote:
muganda wrote:
Results are in:

At Equity 4.83bn profit after tax compared to KCB 4.54bn profit after tax, isn't Equity the new king of the hill?


I am buying Equity over KCB... That's my take.


At what price are you buying Equity ?


38/-
James Mwangi has a plan. Equity isn't chasing loans but deposits to cash in when the time comes. The 11% default rate for MSMEs is not worth Equity's time under the interest capping regime.

Mobile money [Equitel/Eazzy] is growing very strongly for Equity. South Sudan has been virtually written off.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Metasploit
#14 Posted : Friday, May 26, 2017 1:56:25 PM
Rank: Veteran

Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
VituVingiSana wrote:
Metasploit wrote:
VituVingiSana wrote:
muganda wrote:
Results are in:

At Equity 4.83bn profit after tax compared to KCB 4.54bn profit after tax, isn't Equity the new king of the hill?


I am buying Equity over KCB... That's my take.


At what price are you buying Equity ?


38/-
James Mwangi has a plan. Equity isn't chasing loans but deposits to cash in when the time comes. The 11% default rate for MSMEs is not worth Equity's time under the interest capping regime.

Mobile money [Equitel/Eazzy] is growing very strongly for Equity. South Sudan has been virtually written off.


KCB/EQUITY at same price now..For both,thin supply beyond 40

KCB touched 38,this should have caused some panic and increase supply volume but it didnt..Verdict very bullish

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Sir invest
#15 Posted : Monday, May 29, 2017 12:57:34 PM
Rank: Member

Joined: 8/19/2015
Posts: 125
Equity n KCB.......SELL!SELL! NOW!
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Horton
#16 Posted : Monday, May 29, 2017 1:22:32 PM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Sir invest wrote:
Equity n KCB.......SELL!SELL! NOW!



ur wish is our command Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
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bartum
#17 Posted : Monday, May 29, 2017 1:38:33 PM
Rank: Veteran

Joined: 8/11/2010
Posts: 1,011
Location: nairobi
Sir invest wrote:
Equity n KCB.......SELL!SELL! NOW!

Buy buy buy
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MadDoc
#18 Posted : Monday, May 29, 2017 2:56:05 PM
Rank: Member

Joined: 10/26/2015
Posts: 151
Time to shed off the stragglers. Clear skies ahead.
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Pesa Nane
#19 Posted : Friday, June 02, 2017 12:00:16 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
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Pesa Nane
#20 Posted : Friday, June 02, 2017 12:02:42 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Equity Appointments
Pesa Nane plans to be shilingi when he grows up.
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