Wazua
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Equity Group HY 2018
Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi
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Horton wrote:Ericsson wrote:Will the other banks especially tier 1 and 2 subscribe to Finserve. I don't think so. Equity profits will be higher than KCBs in 5years time if all things remain even  Finserve should target ex-Kenya (Nigeria, Uganda, etc) banks as well as small banks in Kenya to offer them a competitive platform. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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Kweli this bear is not sparing anyone. Sellers @ Sh.45 pushing to offload 
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Rank: Veteran Joined: 8/10/2014 Posts: 992 Location: Kenya
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Me too, they need to come up with a big consumer product, specifically that can be easily replicated in Tz, DRC, UG and Ethiopia
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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watesh wrote:Me too, they need to come up with a big consumer product, specifically that can be easily replicated in Tz, DRC, UG and Ethiopia Maybe arrogancy  like the way James Mwangi spoke on 16% VAT on fuel 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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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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Ericsson wrote:watesh wrote:Me too, they need to come up with a big consumer product, specifically that can be easily replicated in Tz, DRC, UG and Ethiopia Maybe arrogancy like the way James Mwangi spoke on 16% VAT on fuel Stop being uncoath. Who was there to make the sacrifices this J.M Made while his empire was being sweated.He has a class and higher goals he believes in and that one of them is making a sacrifice for a better tomorrow. He did it before with his money and name and this time round he is being made to sacrifice twice, with caps and fuel vat, like he is forcing anybody to live or get a loan from anyone and neither the fueling of his guzzler has anything to do with bei ya unga ya wanjiku kupanda Bei. Yeye ukula pesa na makaratasi ya nylon ndio sababu ameiutambi na matako ya double double, nyeuthi! ,Behold, a sower went forth to sow;....
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Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi
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Defending the VAT was not a good move by JM. The SGR (at KES 6bn after all the scams) is crazy expensive. And that doesn't even include electrification. JM knew what was happening. That level of debt should never have been taken. I like JM and what he has done at Equity but... he should not defend the indefensible and claim that the VAT to pay for white elephants is for the greater good. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi
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Mojaloop is competition for FinServe https://www.businessdail...745758-oc12ku/index.htmlGreedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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Chema chajiuza...Quote:Equity Bank has been listed among top 1000 banks in the word by the Banker Magazine at position 799 globally with $848 Million in Tier 1 capital and in 1st position among local banks.
The lender was also ranked number 11 on Return on Assets, 35th on soundness based on Capital Assets Ratio, 44th based on Profits on Capital globally while its ranking in Kenya was based on Return on Assets and Capital Assets Ratio and 14.63% increase in Tier 1 capital YOY.
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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rwitre wrote:Chema chajiuza...Quote:Equity Bank has been listed among top 1000 banks in the word by the Banker Magazine at position 799 globally with $848 Million in Tier 1 capital and in 1st position among local banks.
The lender was also ranked number 11 on Return on Assets, 35th on soundness based on Capital Assets Ratio, 44th based on Profits on Capital globally while its ranking in Kenya was based on Return on Assets and Capital Assets Ratio and 14.63% increase in Tier 1 capital YOY. KCB & Coop also on that list
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