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Equity Bank HY 2017
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Ericsson
#1 Posted : Tuesday, August 22, 2017 11:31:50 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
--PBT drops 7% to 13.3b
--After Tax Profit drops by 7.4% to Sh 9.33 billion from Sh 10.07 billion in June 2016
--Net interest income down by 15.5% to Sh17.9 billion from Sh21.2 billion in the same period last year
--Regional subsidiaries contribution to Profit Before Tax grew from 5% to 10%
--Balance sheet now at Sh504bn. 14% growth

http://equitybankgroup.c...mentasat30thjune2017.pdf
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Mkondoa Macho
#2 Posted : Tuesday, August 22, 2017 11:35:35 AM
Rank: New-farer

Joined: 2/7/2016
Posts: 79
Location: Home
Ericsson wrote:
--PBT drops 7% to 13.3b
--After Tax Profit drops by 7.4% to Sh 9.33 billion from Sh 10.07 billion in June 2016
--Net interest income down by 15.5% to Sh17.9 billion from Sh21.2 billion in the same period last year
--Regional subsidiaries contribution to Profit Before Tax grew from 5% to 10%
--Balance sheet now at Sh504bn. 14% growth

Which was the most profitable subsidiary? I see opportunity here.
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Angelica _ann
#3 Posted : Tuesday, August 22, 2017 11:56:29 AM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Results look good, better than Coop!!! JM knows his thing even during tough times.....
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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lochaz-index
#4 Posted : Tuesday, August 22, 2017 1:10:52 PM
Rank: Veteran

Joined: 9/18/2014
Posts: 1,127
Angelica _ann wrote:
Results look good, better than Coop!!! JM knows his thing even during tough times.....

My thoughts too. Coop results were a tad disappointing and it looks like they have altogether missed their chance to overhaul Equity in the banking pecking order.

That said, there is a massive spike in Equity's NPLs...almost threefold. Though still below the industry's average, if the trend maintains that trajectory it will be a big worry going forward.

Also noted that in the post rate cap period, DTB's share price has performed the best and HF is the worst. Prudence being rewarded.
The main purpose of the stock market is to make fools of as many people as possible.
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obiero
#5 Posted : Tuesday, August 22, 2017 1:25:19 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
Angelica _ann wrote:
Results look good, better than Coop!!! JM knows his thing even during tough times.....

JM has tried but this was as expected http://www.winda.co.ke/forecast.php

KQ ABP 4.26
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Ericsson
#6 Posted : Tuesday, August 22, 2017 3:55:56 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
lochaz-index wrote:
Angelica _ann wrote:
Results look good, better than Coop!!! JM knows his thing even during tough times.....

My thoughts too. Coop results were a tad disappointing and it looks like they have altogether missed their chance to overhaul Equity in the banking pecking order.

That said, there is a massive spike in Equity's NPLs...almost threefold. Though still below the industry's average, if the trend maintains that trajectory it will be a big worry going forward.

Also noted that in the post rate cap period, DTB's share price has performed the best and HF is the worst. Prudence being rewarded.


Coop results were commendable.They do not have many subsidiaries like Equity bank which provided a cushion to the slow down being experienced in Kenya.
Co-op bread and butter is kenya and a little bit in South Sudan
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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obiero
#7 Posted : Tuesday, August 22, 2017 6:06:48 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
Ericsson wrote:
lochaz-index wrote:
Angelica _ann wrote:
Results look good, better than Coop!!! JM knows his thing even during tough times.....

My thoughts too. Coop results were a tad disappointing and it looks like they have altogether missed their chance to overhaul Equity in the banking pecking order.

That said, there is a massive spike in Equity's NPLs...almost threefold. Though still below the industry's average, if the trend maintains that trajectory it will be a big worry going forward.

Also noted that in the post rate cap period, DTB's share price has performed the best and HF is the worst. Prudence being rewarded.


Coop results were commendable.They do not have many subsidiaries like Equity bank which provided a cushion to the slow down being experienced in Kenya.
Co-op bread and butter is kenya and a little bit in South Sudan

True. But what stops COOP from going to DRC, Uganda, Tanzania or Burundi

KQ ABP 4.26
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sparkly
#8 Posted : Tuesday, August 22, 2017 11:30:47 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Today Equity said they are not going to give unsecured loans. Link - Citizen news at 9
Life is short. Live passionately.
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KulaRaha
#9 Posted : Wednesday, August 23, 2017 7:32:09 AM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
13% of the unsecured loan book is bad...until Kenyans learn to repay loans, the credit crunch will continue.
Business opportunities are like buses,there's always another one coming
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Ericsson
#10 Posted : Wednesday, August 23, 2017 7:48:51 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
KulaRaha wrote:
13% of the unsecured loan book is bad...until Kenyans learn to repay loans, the credit crunch will continue.

True what James Mwangi gave was a sideshow.
Things are thick at Equity bank with non-performing loans and shrinking loan book.
kq sh.5.2bn
RVR 1.7bn
Transcentury 3bn
Just a few examples of non-performing loans
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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