wazua Fri, Jun 5, 2020
Welcome Guest Search | Active Topics | Log In | Register

5 Pages«<345
Coop Bank 2019
Angelica _ann
#81 Posted : Wednesday, March 11, 2020 11:08:10 AM
Rank: Elder


Joined: 12/7/2012
Posts: 11,486
Ericsson wrote:
With the acquisition,coop bank is on the path to recover the number three position in terms of asset base.
The position has being taken by NCBA


Would you know why CBA (then) pulled out the deal to purchase/acquire Jamii Bora Bank?
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
VituVingiSana
#82 Posted : Wednesday, March 11, 2020 11:27:41 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,015
Location: Nairobi
Angelica _ann wrote:
Ericsson wrote:
With the acquisition,coop bank is on the path to recover the number three position in terms of asset base.
The position has being taken by NCBA


Would you know why CBA (then) pulled out the deal to purchase/acquire Jamii Bora Bank?
NIC happened.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#83 Posted : Wednesday, March 11, 2020 3:46:08 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,402
Location: NAIROBI
VituVingiSana wrote:
Angelica _ann wrote:
Ericsson wrote:
With the acquisition,coop bank is on the path to recover the number three position in terms of asset base.
The position has being taken by NCBA


Would you know why CBA (then) pulled out the deal to purchase/acquire Jamii Bora Bank?
NIC happened.

Good answer
Ericsson
#84 Posted : Thursday, March 12, 2020 3:41:41 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,402
Location: NAIROBI
Co-operative Bank of Kenya has proposed to fully acquire Jamii Bora Bank, offering a lifeline to the troubled small tier lender that was also the target of CBA Bank.
Jamii Bora has insufficient capital and has been looking for a buyer, partly under pressure from the CBK, which has preferred to shepherd mergers rather than shut down weak institutions.
Analysts see Co-op Bank’s proposal as more of a rescue deal for Jamii Bora, adding that it will in the short term have little impact on the country’s third-largest bank by profitability.

“We don’t think the acquisition will add much to Co-op’s balance sheet. Jamii Bora also has a leasing business; this may help Co-op grow its leasing business,” AIB Capital said in a brief following the deal’s announcement.

“Early last year, it was reported that CBA was interested in purchasing the bank for Sh1.4 billion. We expect Co-op to offer a similar amount.”

AIB noted that Jamii Bora, which has a 0.21 percent market share, has a high default rate.

The small lender, whose latest available financial statements are for 2018, has bad debt amounting to 69 percent of its total loan book.
Among those that were to be bought out in the CBA deal were former Jamii Bora’s chief executive, Sam Kimani, and his successor Tim Kabiru.

The two were to get an estimated Sh238 million combined through their investment vehicle Asterisk Holdings, which has a 17 percent stake in the small lender.

Private equity firm Catalyst Principal Partners was to get Sh224 million for its 16 percent equity while Shorecap Limited was in line for Sh238 million on its 17 percent equity.

Jamii Bora Scandinavia was to get Sh224 million for its 16 per cent stake. The bank also has hundreds of individual investors.

https://www.businessdail...487628-qo58yh/index.html
winmak
#85 Posted : Thursday, March 12, 2020 5:51:31 PM
Rank: Member


Joined: 12/1/2007
Posts: 496
Location: Nakuru
[quote=Ericsson]Co-operative Bank of Kenya has proposed to fully acquire Jamii Bora Bank, offering a lifeline to the troubled small tier lender that was also the target of CBA Bank.
Jamii Bora has insufficient capital and has been looking for a buyer, partly under pressure from the CBK, which has preferred to shepherd mergers rather than shut down weak institutions.
Analysts see Co-op Bank’s proposal as more of a rescue deal for Jamii Bora, adding that it will in the short term have little impact on the country’s third-largest bank by profitability.

“We don’t think the acquisition will add much to Co-op’s balance sheet. Jamii Bora also has a leasing business; this may help Co-op grow its leasing business,” AIB Capital said in a brief following the deal’s announcement.

“Early last year, it was reported that CBA was interested in purchasing the bank for Sh1.4 billion. We expect Co-op to offer a similar amount.”

AIB noted that Jamii Bora, which has a 0.21 percent market share, has a high default rate.

The small lender, whose latest available financial statements are for 2018, has bad debt amounting to 69 percent of its total loan book.
Among those that were to be bought out in the CBA deal were former Jamii Bora’s chief executive, Sam Kimani, and his successor Tim Kabiru.

The two were to get an estimated Sh238 million combined through their investment vehicle Asterisk Holdings, which has a 17 percent stake in the small lender.

Private equity firm Catalyst Principal Partners was to get Sh224 million for its 16 percent equity while Shorecap Limited was in line for Sh238 million on its 17 percent equity.

Jamii Bora Scandinavia was to get Sh224 million for its 16 per cent stake. The bank also has hundreds of individual investors.

https://www.businessdail...87628-qo58yh/index.html[/quote]

69% npl jeso 😱😱😱😱
For investors as a whole, returns decrease as motion increases ~ WB
Realtreaty
#86 Posted : Friday, March 13, 2020 10:57:04 AM
Rank: Veteran


Joined: 8/16/2011
Posts: 2,079
That was proposal, no formal engagement, just stealing some nights to visit this poor jamii girl who need dinner.
The Jamii girl will at this point have no effects on figures coming soon FY2019.
They will just mention the intention after proposal for the rich to marry from the poorDrool Drool Laughing out loudly Laughing out loudly
Can see 1 to 1.40 bob coming soon as Dividend.
winmak
#87 Posted : Friday, March 13, 2020 11:05:36 AM
Rank: Member


Joined: 12/1/2007
Posts: 496
Location: Nakuru
Meanwhile the corona is causing a tumble to 12.95
For investors as a whole, returns decrease as motion increases ~ WB
Ericsson
#88 Posted : Tuesday, April 14, 2020 1:54:26 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,402
Location: NAIROBI
https://www.businessdail...23714-hhhac3/index.html

Co-operative Bank of Kenya

shareholders will from next week Thursday start receiving Sh5.86 billion dividend despite the coronavirus pandemic that has interfered with the holding of the annual general meeting (AGM).

The lender has told its investors that the dividend shall be paid on or about April 23, being earlier than the pay date for last year when shareholders received dividends from June 7.

This is in line with the advice from the Capital Markets Authority (CMA), which on April 3 allowed firms to pay dividends without approval from shareholders.
Angelica _ann
#89 Posted : Tuesday, April 14, 2020 2:02:39 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,486
Ericsson wrote:
https://www.businessdailyafrica.com/corporate/companies/Coop-Bank-shareholders-to-get-dividend-next-week/4003102-5523714-hhhac3/index.html

Co-operative Bank of Kenya

shareholders will from next week Thursday start receiving Sh5.86 billion dividend despite the coronavirus pandemic that has interfered with the holding of the annual general meeting (AGM).

The lender has told its investors that the dividend shall be paid on or about April 23, being earlier than the pay date for last year when shareholders received dividends from June 7.

This is in line with the advice from the Capital Markets Authority (CMA), which on April 3 allowed firms to pay dividends without approval from shareholders.


Was wondering the share spike to 13.5 bob, now i know!!!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
winmak
#90 Posted : Tuesday, April 14, 2020 4:33:12 PM
Rank: Member


Joined: 12/1/2007
Posts: 496
Location: Nakuru
Angelica _ann wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/corporate/companies/Coop-Bank-shareholders-to-get-dividend-next-week/4003102-5523714-hhhac3/index.html

Co-operative Bank of Kenya

shareholders will from next week Thursday start receiving Sh5.86 billion dividend despite the coronavirus pandemic that has interfered with the holding of the annual general meeting (AGM).

The lender has told its investors that the dividend shall be paid on or about April 23, being earlier than the pay date for last year when shareholders received dividends from June 7.

This is in line with the advice from the Capital Markets Authority (CMA), which on April 3 allowed firms to pay dividends without approval from shareholders.


Was wondering the share spike to 13.5 bob, now i know!!!


When is book closure? 14th?
For investors as a whole, returns decrease as motion increases ~ WB
obiero
#91 Posted : Tuesday, April 14, 2020 5:16:50 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,698
Location: nairobi
Angelica _ann wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/corporate/companies/Coop-Bank-shareholders-to-get-dividend-next-week/4003102-5523714-hhhac3/index.html

Co-operative Bank of Kenya

shareholders will from next week Thursday start receiving Sh5.86 billion dividend despite the coronavirus pandemic that has interfered with the holding of the annual general meeting (AGM).

The lender has told its investors that the dividend shall be paid on or about April 23, being earlier than the pay date for last year when shareholders received dividends from June 7.

This is in line with the advice from the Capital Markets Authority (CMA), which on April 3 allowed firms to pay dividends without approval from shareholders.


Was wondering the share spike to 13.5 bob, now i know!!!

The Kingdom Bank
www.winda.co.ke
Kenyan Oracle
#92 Posted : Wednesday, April 15, 2020 10:06:12 AM
Rank: Member


Joined: 5/31/2011
Posts: 177
winmak wrote:
Angelica _ann wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/corporate/companies/Coop-Bank-shareholders-to-get-dividend-next-week/4003102-5523714-hhhac3/index.html

Co-operative Bank of Kenya

shareholders will from next week Thursday start receiving Sh5.86 billion dividend despite the coronavirus pandemic that has interfered with the holding of the annual general meeting (AGM).

The lender has told its investors that the dividend shall be paid on or about April 23, being earlier than the pay date for last year when shareholders received dividends from June 7.

This is in line with the advice from the Capital Markets Authority (CMA), which on April 3 allowed firms to pay dividends without approval from shareholders.


Was wondering the share spike to 13.5 bob, now i know!!!


When is book closure? 14th?



Book Closure is today 15th April
You lose money chasing women, but you never lose women chasing money - NAS
Ericsson
#93 Posted : Wednesday, April 15, 2020 10:25:59 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,402
Location: NAIROBI
Kenyan Oracle wrote:
winmak wrote:
Angelica _ann wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/corporate/companies/Coop-Bank-shareholders-to-get-dividend-next-week/4003102-5523714-hhhac3/index.html

Co-operative Bank of Kenya

shareholders will from next week Thursday start receiving Sh5.86 billion dividend despite the coronavirus pandemic that has interfered with the holding of the annual general meeting (AGM).

The lender has told its investors that the dividend shall be paid on or about April 23, being earlier than the pay date for last year when shareholders received dividends from June 7.

This is in line with the advice from the Capital Markets Authority (CMA), which on April 3 allowed firms to pay dividends without approval from shareholders.


Was wondering the share spike to 13.5 bob, now i know!!!


When is book closure? 14th?



Book Closure is today 15th April

23 April

They amended to 15 April

https://mobile.twitter.c...9902452163387393/photo/1
Kenyan Oracle
#94 Posted : Wednesday, April 15, 2020 10:55:21 AM
Rank: Member


Joined: 5/31/2011
Posts: 177
Ericsson wrote:
Kenyan Oracle wrote:
winmak wrote:
Angelica _ann wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/corporate/companies/Coop-Bank-shareholders-to-get-dividend-next-week/4003102-5523714-hhhac3/index.html

Co-operative Bank of Kenya

shareholders will from next week Thursday start receiving Sh5.86 billion dividend despite the coronavirus pandemic that has interfered with the holding of the annual general meeting (AGM).

The lender has told its investors that the dividend shall be paid on or about April 23, being earlier than the pay date for last year when shareholders received dividends from June 7.

This is in line with the advice from the Capital Markets Authority (CMA), which on April 3 allowed firms to pay dividends without approval from shareholders.


Was wondering the share spike to 13.5 bob, now i know!!!


When is book closure? 14th?



Book Closure is today 15th April

23 April



There was an announcement that dates were moved forward. Can't seem to find it.

https://kenyanwallstreet...-in-response-to-covid19/
You lose money chasing women, but you never lose women chasing money - NAS
Ebenyo
#95 Posted : Wednesday, April 15, 2020 12:32:07 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,821
Location: Kitale
Ericsson wrote:
https://www.businessdailyafrica.com/corporate/companies/Coop-Bank-shareholders-to-get-dividend-next-week/4003102-5523714-hhhac3/index.html

Co-operative Bank of Kenya

shareholders will from next week Thursday start receiving Sh5.86 billion dividend despite the coronavirus pandemic that has interfered with the holding of the annual general meeting (AGM).

The lender has told its investors that the dividend shall be paid on or about April 23, being earlier than the pay date for last year when shareholders received dividends from June 7.

This is in line with the advice from the Capital Markets Authority (CMA), which on April 3 allowed firms to pay dividends without approval from shareholders.





kcb si watufanyie sisi pia hivyo.
Towards the goal of financial freedom
obiero
#96 Posted : Wednesday, April 15, 2020 4:42:06 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,698
Location: nairobi
Ebenyo wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/corporate/companies/Coop-Bank-shareholders-to-get-dividend-next-week/4003102-5523714-hhhac3/index.html

Co-operative Bank of Kenya

shareholders will from next week Thursday start receiving Sh5.86 billion dividend despite the coronavirus pandemic that has interfered with the holding of the annual general meeting (AGM).

The lender has told its investors that the dividend shall be paid on or about April 23, being earlier than the pay date for last year when shareholders received dividends from June 7.

This is in line with the advice from the Capital Markets Authority (CMA), which on April 3 allowed firms to pay dividends without approval from shareholders.





kcb si watufanyie sisi pia hivyo.

Of course
www.winda.co.ke
winmak
#97 Posted : Wednesday, April 15, 2020 7:15:01 PM
Rank: Member


Joined: 12/1/2007
Posts: 496
Location: Nakuru
Ericsson wrote:
Kenyan Oracle wrote:
winmak wrote:
Angelica _ann wrote:
[quote=Ericsson]https://www.businessdailyafrica.com/corporate/companies/Coop-Bank-shareholders-to-get-dividend-next-week/4003102-5523714-hhhac3/index.html

Co-operative Bank of Kenya

shareholders will from next week Thursday start receiving Sh5.86 billion dividend despite the coronavirus pandemic that has interfered with the holding of the annual general meeting (AGM).

The lender has told its investors that the dividend shall be paid on or about April 23, being earlier than the pay date for last year when shareholders received dividends from June 7.

This is in line with the advice from the Capital Markets Authority (CMA), which on April 3 allowed firms to pay dividends without approval from shareholders.


Was wondering the share spike to 13.5 bob, now i know!!!


When is book closure? 14th?



Book Closure is today 15th April

23 April

They amended to 15 April

https://mobile.twitter.c...902452163387393/photo/1[/quote]

Thanks good people
For investors as a whole, returns decrease as motion increases ~ WB
Angelica _ann
#98 Posted : Wednesday, April 15, 2020 7:27:02 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,486
winmak wrote:
Ericsson wrote:
Kenyan Oracle wrote:
winmak wrote:
Angelica _ann wrote:
[quote=Ericsson]https://www.businessdailyafrica.com/corporate/companies/Coop-Bank-shareholders-to-get-dividend-next-week/4003102-5523714-hhhac3/index.html

Co-operative Bank of Kenya

shareholders will from next week Thursday start receiving Sh5.86 billion dividend despite the coronavirus pandemic that has interfered with the holding of the annual general meeting (AGM).

The lender has told its investors that the dividend shall be paid on or about April 23, being earlier than the pay date for last year when shareholders received dividends from June 7.

This is in line with the advice from the Capital Markets Authority (CMA), which on April 3 allowed firms to pay dividends without approval from shareholders.


Was wondering the share spike to 13.5 bob, now i know!!!


When is book closure? 14th?



Book Closure is today 15th April

23 April

They amended to 15 April

https://mobile.twitter.c...902452163387393/photo/1[/quote]

Thanks good people


https://mobile.twitter.c...902452163387393/photo/1
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Ericsson
#99 Posted : Thursday, May 21, 2020 6:08:00 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,402
Location: NAIROBI
Coop bank has restructured loans worth ksh.15bn
heri
#100 Posted : Thursday, May 21, 2020 9:17:19 PM
Rank: Member


Joined: 9/14/2011
Posts: 744
Location: nairobi
Ericsson wrote:
Coop bank has restructured loans worth ksh.15bn


small relative to KCB and Equity. Are there apparent reasons for that? I don't have coop but maybe i should think about it
Users browsing this topic
Guest
5 Pages«<345
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Copyright © 2020 Wazua.co.ke. All Rights Reserved.