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Coop Bank 2019
Ericsson
#21 Posted : Wednesday, September 18, 2019 12:38:39 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,179
Location: NAIROBI
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
Ericsson
#22 Posted : Wednesday, September 18, 2019 3:18:49 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,179
Location: NAIROBI
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
Ericsson
#23 Posted : Monday, October 07, 2019 1:43:10 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,179
Location: NAIROBI
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.html
VituVingiSana
#24 Posted : Monday, October 07, 2019 4:26:30 AM
Rank: Chief


Joined: 1/3/2007
Posts: 16,893
Location: Nairobi
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
Horton
#25 Posted : Monday, October 07, 2019 6:00:23 AM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,494
Location: Nairobi
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 😆
Ericsson
#26 Posted : Monday, October 07, 2019 7:37:13 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,179
Location: NAIROBI
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.
Extraterrestrial
#27 Posted : Monday, October 07, 2019 8:54:35 AM
Rank: Member


Joined: 11/17/2018
Posts: 133
Location: Mars
[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.
VituVingiSana
#28 Posted : Monday, October 07, 2019 9:40:55 AM
Rank: Chief


Joined: 1/3/2007
Posts: 16,893
Location: Nairobi
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. Applause
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
Ericsson
#29 Posted : Monday, October 07, 2019 11:33:46 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,179
Location: NAIROBI
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. Applause
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
VituVingiSana
#30 Posted : Monday, October 07, 2019 12:24:39 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,893
Location: Nairobi
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. Applause
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
Ericsson
#31 Posted : Wednesday, October 30, 2019 10:32:16 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,179
Location: NAIROBI
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
Angelica _ann
#32 Posted : Wednesday, October 30, 2019 10:36:20 AM
Rank: Elder


Joined: 12/7/2012
Posts: 11,301
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
Metch
#33 Posted : Wednesday, October 30, 2019 11:00:15 AM
Rank: Member


Joined: 12/22/2015
Posts: 189
Location: Mombasa, Kenya
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
Applause Applause Applause parte after parte
Start!
Ericsson
#34 Posted : Wednesday, October 30, 2019 11:05:38 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,179
Location: NAIROBI
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 Laughing out loudly Laughing out loudly
obiero
#35 Posted : Wednesday, October 30, 2019 2:08:48 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,515
Location: nairobi
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 Laughing out loudly Laughing out loudly

A decent bank
COOP 5,500 ABP12.6; HF 2,000 ABP 5.90; KCB 7,500 ABP 36; KNRE 100,000 ABP 2.90; KQ 392,100 ABP 8.32
obiero
#36 Posted : Saturday, November 02, 2019 5:22:12 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,515
Location: nairobi
Almost overbought.. @ circa KES 19 plus or minus, I jump out of the bus
COOP 5,500 ABP12.6; HF 2,000 ABP 5.90; KCB 7,500 ABP 36; KNRE 100,000 ABP 2.90; KQ 392,100 ABP 8.32
Extraterrestrial
#37 Posted : Saturday, November 02, 2019 10:28:05 PM
Rank: Member


Joined: 11/17/2018
Posts: 133
Location: Mars
obiero wrote:
Almost overbought.. @ circa KES 19 plus or minus, I jump out of the bus


Correction expected on Monday.
obiero
#38 Posted : Saturday, November 02, 2019 10:49:41 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,515
Location: nairobi
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
COOP 5,500 ABP12.6; HF 2,000 ABP 5.90; KCB 7,500 ABP 36; KNRE 100,000 ABP 2.90; KQ 392,100 ABP 8.32
Ericsson
#39 Posted : Saturday, November 02, 2019 11:37:20 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,179
Location: NAIROBI
obiero wrote:
Almost overbought.. @ circa KES 19 plus or minus, I jump out of the bus

19 is far fetched
babashuge
#40 Posted : Sunday, November 03, 2019 10:55:49 AM
Rank: New-farer


Joined: 1/4/2019
Posts: 24
Location: Nairobi
Been averaging down from 17bob in Jan till 12bob now,... finally something to smile about
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