Wazua
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Coop Bank 2019 and beyond
Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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Angelica _ann wrote:Ericsson wrote:Ericsson wrote:cyruskulei wrote:Demand is huge on this counter. Any news??  https://www.businessdail...70688-gjdrp1/index.html
Co-op Bank is set to open five new branches, taking its total physical outlets to 160 despite the industry’s growing focus on digital banking channels. The new branches will be based in Nairobi, Kapenguria, Maralal and Chogoria as the lender seeks to keep up with competition in cash-rich areas while also reaching out to underserved regions. In Nairobi, Co-op Bank will add two more branches — one along Kenyatta Avenue at Standard Building and another at the upcoming Parliament tower. Co-op bank Kenyatta Avenue branch is being opened today. Still has too much focus on brick & mortar!!! Evolve to ICT banking too slow. Sit back and watch the ride Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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Ericsson wrote:Angelica _ann wrote:Ericsson wrote:Ericsson wrote:cyruskulei wrote:Demand is huge on this counter. Any news?? https://www.businessdail...70688-gjdrp1/index.html
Co-op Bank is set to open five new branches, taking its total physical outlets to 160 despite the industry’s growing focus on digital banking channels. The new branches will be based in Nairobi, Kapenguria, Maralal and Chogoria as the lender seeks to keep up with competition in cash-rich areas while also reaching out to underserved regions. In Nairobi, Co-op Bank will add two more branches — one along Kenyatta Avenue at Standard Building and another at the upcoming Parliament tower. Co-op bank Kenyatta Avenue branch is being opened today. Still has too much focus on brick & mortar!!! Evolve to ICT banking too slow. Sit back and watch the ride 12.20 today while a week ago it was at 11 Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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Centum Investment Company has repaid a Sh8 billion loan it took from Co-operative Bank to develop the Two Rivers Mall in Nairobi. The Nairobi Securities Exchange-listed firm used a new loan from South Africa's Standard Bank to retire the Co-op Bank debt. https://www.businessdail...301318-snj7ek/index.htmlWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,097 Location: Nairobi
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Ericsson wrote:Centum Investment Company has repaid a Sh8 billion loan it took from Co-operative Bank to develop the Two Rivers Mall in Nairobi. The Nairobi Securities Exchange-listed firm used a new loan from South Africa's Standard Bank to retire the Co-op Bank debt. https://www.businessdail...01318-snj7ek/index.html It was repaid using another loan BUT the good news for Centum is - according to the article - the new loan is cheaper. The savings will flow through to the bottomline. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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VituVingiSana wrote:Ericsson wrote:Centum Investment Company has repaid a Sh8 billion loan it took from Co-operative Bank to develop the Two Rivers Mall in Nairobi. The Nairobi Securities Exchange-listed firm used a new loan from South Africa's Standard Bank to retire the Co-op Bank debt. https://www.businessdail...01318-snj7ek/index.html It was repaid using another loan BUT the good news for Centum is - according to the article - the new loan is cheaper. The savings will flow through to the bottomline. And they will probably add more debt from the savings to develop another project 😆
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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VituVingiSana wrote:Ericsson wrote:Centum Investment Company has repaid a Sh8 billion loan it took from Co-operative Bank to develop the Two Rivers Mall in Nairobi. The Nairobi Securities Exchange-listed firm used a new loan from South Africa's Standard Bank to retire the Co-op Bank debt. https://www.businessdail...01318-snj7ek/index.html It was repaid using another loan BUT the good news for Centum is - according to the article - the new loan is cheaper. The savings will flow through to the bottomline. paying another loan with another is just the way Gok is doing,which rings warning bells. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 11/17/2018 Posts: 173 Location: Mars
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[quote=Ericsson]Centum Investment Company has repaid a Sh8 billion loan it took from Co-operative Bank to develop the Two Rivers Mall in Nairobi. The Nairobi Securities Exchange-listed firm used a new loan from South Africa's Standard Bank to retire the Co-op Bank debt. https://www.businessdail...01318-snj7ek/index.html[/quote] It is definitely a positive, but just another day of normal operations for both.
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Rank: Chief Joined: 1/3/2007 Posts: 18,097 Location: Nairobi
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Horton wrote:VituVingiSana wrote:Ericsson wrote:Centum Investment Company has repaid a Sh8 billion loan it took from Co-operative Bank to develop the Two Rivers Mall in Nairobi. The Nairobi Securities Exchange-listed firm used a new loan from South Africa's Standard Bank to retire the Co-op Bank debt. https://www.businessdail...01318-snj7ek/index.html It was repaid using another loan BUT the good news for Centum is - according to the article - the new loan is cheaper. The savings will flow through to the bottomline. And they will probably add more debt from the savings to develop another project 😆 Which is a-OK as long as the new project/s yield a profit.  One should accept that not all projects/investments will be successful and that is acceptable. A very successful firm like Coca Cola has had products that flopped but the overall success has been spectacular. Safaricom has had a few duds but the overall success is undeniable. MJ talked about how M-Pesa almost "killed off" at the beginning. Even the legendary Warren Buffett has made a few dud investments over the years. No pain, no gain. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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VituVingiSana wrote:Horton wrote:VituVingiSana wrote:Ericsson wrote:Centum Investment Company has repaid a Sh8 billion loan it took from Co-operative Bank to develop the Two Rivers Mall in Nairobi. The Nairobi Securities Exchange-listed firm used a new loan from South Africa's Standard Bank to retire the Co-op Bank debt. https://www.businessdail...01318-snj7ek/index.html It was repaid using another loan BUT the good news for Centum is - according to the article - the new loan is cheaper. The savings will flow through to the bottomline. And they will probably add more debt from the savings to develop another project 😆 Which is a-OK as long as the new project/s yield a profit. One should accept that not all projects/investments will be successful and that is acceptable. A very successful firm like Coca Cola has had products that flopped but the overall success has been spectacular. Safaricom has had a few duds but the overall success is undeniable. MJ talked about how M-Pesa almost "killed off" at the beginning. Even the legendary Warren Buffett has made a few dud investments over the years. No pain, no gain. This is a coop bank thread and we should be talking on the gains or losses to coop bank as a result of this transaction Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,097 Location: Nairobi
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Ericsson wrote:VituVingiSana wrote:Horton wrote:VituVingiSana wrote:Ericsson wrote:Centum Investment Company has repaid a Sh8 billion loan it took from Co-operative Bank to develop the Two Rivers Mall in Nairobi. The Nairobi Securities Exchange-listed firm used a new loan from South Africa's Standard Bank to retire the Co-op Bank debt. https://www.businessdail...01318-snj7ek/index.html It was repaid using another loan BUT the good news for Centum is - according to the article - the new loan is cheaper. The savings will flow through to the bottomline. And they will probably add more debt from the savings to develop another project 😆 Which is a-OK as long as the new project/s yield a profit. One should accept that not all projects/investments will be successful and that is acceptable. A very successful firm like Coca Cola has had products that flopped but the overall success has been spectacular. Safaricom has had a few duds but the overall success is undeniable. MJ talked about how M-Pesa almost "killed off" at the beginning. Even the legendary Warren Buffett has made a few dud investments over the years. No pain, no gain. This is a coop bank thread and we should be talking on the gains or losses to coop bank as a result of this transaction It's neutral for Coop. It will move on to other borrowers. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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Angelica _ann wrote:Ericsson wrote:Ericsson wrote:cyruskulei wrote:Demand is huge on this counter. Any news?? https://www.businessdail...70688-gjdrp1/index.html
Co-op Bank is set to open five new branches, taking its total physical outlets to 160 despite the industry’s growing focus on digital banking channels. The new branches will be based in Nairobi, Kapenguria, Maralal and Chogoria as the lender seeks to keep up with competition in cash-rich areas while also reaching out to underserved regions. In Nairobi, Co-op Bank will add two more branches — one along Kenyatta Avenue at Standard Building and another at the upcoming Parliament tower. Co-op bank Kenyatta Avenue branch is being opened today. Still has too much focus on brick & mortar!!! Evolve to ICT banking too slow. 13.75 the ride is sweet. Parte after parte Oh yeah Parte after party Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Ericsson wrote:Angelica _ann wrote:Ericsson wrote:Ericsson wrote:cyruskulei wrote:Demand is huge on this counter. Any news?? https://www.businessdail...70688-gjdrp1/index.html
Co-op Bank is set to open five new branches, taking its total physical outlets to 160 despite the industry’s growing focus on digital banking channels. The new branches will be based in Nairobi, Kapenguria, Maralal and Chogoria as the lender seeks to keep up with competition in cash-rich areas while also reaching out to underserved regions. In Nairobi, Co-op Bank will add two more branches — one along Kenyatta Avenue at Standard Building and another at the upcoming Parliament tower. Co-op bank Kenyatta Avenue branch is being opened today. Still has too much focus on brick & mortar!!! Evolve to ICT banking too slow. 13.75 the ride is sweet. Parte after parte Oh yeah Parte after party You laughed at me when i said it will hit 15 bob ..... in the previous ride. This time, we are touching +16 bob!!!! 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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Rank: Member Joined: 12/22/2015 Posts: 224 Location: Mombasa, Kenya
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Angelica _ann wrote:Ericsson wrote:Angelica _ann wrote:Ericsson wrote:Ericsson wrote:cyruskulei wrote:Demand is huge on this counter. Any news?? https://www.businessdail...70688-gjdrp1/index.html
Co-op Bank is set to open five new branches, taking its total physical outlets to 160 despite the industry’s growing focus on digital banking channels. The new branches will be based in Nairobi, Kapenguria, Maralal and Chogoria as the lender seeks to keep up with competition in cash-rich areas while also reaching out to underserved regions. In Nairobi, Co-op Bank will add two more branches — one along Kenyatta Avenue at Standard Building and another at the upcoming Parliament tower. Co-op bank Kenyatta Avenue branch is being opened today. Still has too much focus on brick & mortar!!! Evolve to ICT banking too slow. 13.75 the ride is sweet. Parte after parte Oh yeah Parte after party You laughed at me when i said it will hit 15 bob ..... in the previous ride. This time, we are touching +16 bob!!!! Demand is through the roof. No supply parte after parte Start!
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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Angelica _ann wrote:Ericsson wrote:Angelica _ann wrote:Ericsson wrote:Ericsson wrote:cyruskulei wrote:Demand is huge on this counter. Any news?? https://www.businessdail...70688-gjdrp1/index.html
Co-op Bank is set to open five new branches, taking its total physical outlets to 160 despite the industry’s growing focus on digital banking channels. The new branches will be based in Nairobi, Kapenguria, Maralal and Chogoria as the lender seeks to keep up with competition in cash-rich areas while also reaching out to underserved regions. In Nairobi, Co-op Bank will add two more branches — one along Kenyatta Avenue at Standard Building and another at the upcoming Parliament tower. Co-op bank Kenyatta Avenue branch is being opened today. Still has too much focus on brick & mortar!!! Evolve to ICT banking too slow. 13.75 the ride is sweet. Parte after parte Oh yeah Parte after party You laughed at me when i said it will hit 15 bob ..... in the previous ride. This time, we are touching +16 bob!!!! I loaded at 11.30  Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,501 Location: nairobi
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Ericsson wrote:Angelica _ann wrote:Ericsson wrote:Angelica _ann wrote:Ericsson wrote:Ericsson wrote:cyruskulei wrote:Demand is huge on this counter. Any news?? https://www.businessdail...70688-gjdrp1/index.html
Co-op Bank is set to open five new branches, taking its total physical outlets to 160 despite the industry’s growing focus on digital banking channels. The new branches will be based in Nairobi, Kapenguria, Maralal and Chogoria as the lender seeks to keep up with competition in cash-rich areas while also reaching out to underserved regions. In Nairobi, Co-op Bank will add two more branches — one along Kenyatta Avenue at Standard Building and another at the upcoming Parliament tower. Co-op bank Kenyatta Avenue branch is being opened today. Still has too much focus on brick & mortar!!! Evolve to ICT banking too slow. 13.75 the ride is sweet. Parte after parte Oh yeah Parte after party You laughed at me when i said it will hit 15 bob ..... in the previous ride. This time, we are touching +16 bob!!!! I loaded at 11.30 A decent bank
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,501 Location: nairobi
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Almost overbought.. @ circa KES 19 plus or minus, I jump out of the bus
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 11/17/2018 Posts: 173 Location: Mars
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obiero wrote:Almost overbought.. @ circa KES 19 plus or minus, I jump out of the bus Correction expected on Monday.
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Rank: Elder Joined: 6/23/2009 Posts: 13,501 Location: nairobi
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Extraterrestrial wrote:obiero wrote:Almost overbought.. @ circa KES 19 plus or minus, I jump out of the bus Correction expected on Monday. Unlikely. Until results announcement
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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obiero wrote:Almost overbought.. @ circa KES 19 plus or minus, I jump out of the bus 19 is far fetched Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: New-farer Joined: 1/4/2019 Posts: 69 Location: Nairobi
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Been averaging down from 17bob in Jan till 12bob now,... finally something to smile about
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