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

Joined: 12/4/2009
Posts: 10,820
Location: NAIROBI
Angelica _ann wrote:
Ericsson wrote:
Ericsson wrote:
cyruskulei wrote:
Demand is huge on this counter. Any news??
https://www.businessdail...270688-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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Ericsson
#22 Posted : Wednesday, September 18, 2019 3:18:49 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,820
Location: NAIROBI
Ericsson wrote:
Angelica _ann wrote:
Ericsson wrote:
Ericsson wrote:
cyruskulei wrote:
Demand is huge on this counter. Any news??
https://www.businessdail...270688-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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  | | Edit by user: Wednesday, September 18, 2019 3:46 PM | Reason: Not specified
Ericsson
#23 Posted : Monday, October 07, 2019 1:43:10 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,820
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
Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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VituVingiSana
#24 Posted : Monday, October 07, 2019 4:26:30 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,375
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...301318-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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Horton
#25 Posted : Monday, October 07, 2019 6:00:23 AM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
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...301318-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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Ericsson
#26 Posted : Monday, October 07, 2019 7:37:13 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,820
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...301318-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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Extraterrestrial
#27 Posted : Monday, October 07, 2019 8:54:35 AM
Rank: Member

Joined: 11/17/2018
Posts: 173
Location: Mars
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...301318-snj7ek/index.html
It is definitely a positive, but just another day of normal operations for both.
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VituVingiSana
#28 Posted : Monday, October 07, 2019 9:40:55 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,375
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...301318-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
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  | | Edit by user: Monday, October 07, 2019 9:42 AM | Reason: Not specified
Ericsson
#29 Posted : Monday, October 07, 2019 11:33:46 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,820
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...301318-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
Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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  | | Edit by user: Monday, October 07, 2019 11:35 AM | Reason: Not specified
VituVingiSana
#30 Posted : Monday, October 07, 2019 12:24:39 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,375
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...301318-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
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