Wazua
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KCB buy buy buy
Rank: Elder Joined: 6/23/2009 Posts: 14,215 Location: nairobi
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heri wrote:Ericsson wrote:obiero wrote:Ebenyo wrote:Ericsson wrote:obiero wrote:Ebenyo wrote:Ericsson wrote:https://www.businessdailyafrica.com/corporate/companies/KCB-restructures-Sh80bn-loans-on-corona-cash-crunch/4003102-5550748-lue4um/index.html
A drop in interest income in the offing plus a dividend reduction I doubt.The percentage is small at 15% 15% of 800B is not small.. Recall that it is a moratorium on P+I @Ebenyo Calculate the figure and tell us it's how much It's kshs 12,000,000,000.How will that affect dividend payments? at worst dividend will remain the same. A fatal assumption.. Note that I hold this stock KCB figure of restructured loans has been revised upwards to ksh.110bn i suppose these figures will continue climbing up now that we are being told covid cases will peak in sept The fact is that many businesses will collapse
KQ ABP 4.26
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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obiero wrote:heri wrote:Ericsson wrote:obiero wrote:Ebenyo wrote:Ericsson wrote:obiero wrote:Ebenyo wrote:Ericsson wrote:https://www.businessdailyafrica.com/corporate/companies/KCB-restructures-Sh80bn-loans-on-corona-cash-crunch/4003102-5550748-lue4um/index.html
A drop in interest income in the offing plus a dividend reduction I doubt.The percentage is small at 15% 15% of 800B is not small.. Recall that it is a moratorium on P+I @Ebenyo Calculate the figure and tell us it's how much It's kshs 12,000,000,000.How will that affect dividend payments? at worst dividend will remain the same. A fatal assumption.. Note that I hold this stock KCB figure of restructured loans has been revised upwards to ksh.110bn i suppose these figures will continue climbing up now that we are being told covid cases will peak in sept The fact is that many businesses will collapse Like Tuskys supermarket chain Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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KCB Bank Kenya Limited ,the Kenyan subsidiary of Kenya Commercial Bank Group has acquired sh.3.2billion worth of Imperial Bank Kenya Limited assets ,currently under receivership and assumed liabilities of the same amount to be paid over a period of four years. https://mobile.twitter.c...3804909381734401/photo/1Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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Ericsson wrote:obiero wrote:heri wrote:Ericsson wrote:obiero wrote:Ebenyo wrote:Ericsson wrote:obiero wrote:Ebenyo wrote:Ericsson wrote:https://www.businessdailyafrica.com/corporate/companies/KCB-restructures-Sh80bn-loans-on-corona-cash-crunch/4003102-5550748-lue4um/index.html
A drop in interest income in the offing plus a dividend reduction I doubt.The percentage is small at 15% 15% of 800B is not small.. Recall that it is a moratorium on P+I @Ebenyo Calculate the figure and tell us it's how much It's kshs 12,000,000,000.How will that affect dividend payments? at worst dividend will remain the same. A fatal assumption.. Note that I hold this stock KCB figure of restructured loans has been revised upwards to ksh.110bn i suppose these figures will continue climbing up now that we are being told covid cases will peak in sept The fact is that many businesses will collapse Like Tuskys supermarket chain Tuskys currently struggling to pay suppliers and vendors. Give it 2 years. 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: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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Imperial bank assets also finalized. Looks like 1T in assets may come sooner than advertised. https://www.the-star.co....on-imperial-bank-assets/
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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KCB Bank Kenya has restructured facilities worth over Sh115.1 Billion to cushion customers against the effects of the COVID-19 pandemic. This has seen customers apply for their loans to be restructured, credit lines expanded & loan tenures extended to keep them financially afloat. Since mid-March, the Bank has approved the restructuring of Sh91.3B worth of corporate loans Sh20.4B in loans to mortgage customers. Sh3.4B for retail customers Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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Ericsson wrote:KCB Bank Kenya has restructured facilities worth over Sh115.1 Billion to cushion customers against the effects of the COVID-19 pandemic. This has seen customers apply for their loans to be restructured, credit lines expanded & loan tenures extended to keep them financially afloat.
Since mid-March, the Bank has approved the restructuring of
Sh91.3B worth of corporate loans
Sh20.4B in loans to mortgage customers.
Sh3.4B for retail customers https://www.bloomberg.co...-1-billion-loan-reviews
“Most of it is our large customers, institutional clients, that’s around 90 billion shillings,” KCB Group Ltd. Chief Executive Officer Joshua Oigara said in an interview. “We have another 20 billion shillings for our mortgage customers and real estate, and the balance is for retail loans, which we haven’t seen much impact yet.” So let me get this straight: - Loans are extended by x months - Interest is still due Where is the problem?
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Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi
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Ericsson wrote:KCB Bank Kenya has restructured facilities worth over Sh115.1 Billion to cushion customers against the effects of the COVID-19 pandemic. This has seen customers apply for their loans to be restructured, credit lines expanded & loan tenures extended to keep them financially afloat.
Since mid-March, the Bank has approved the restructuring of
Sh91.3B worth of corporate loans
Sh20.4B in loans to mortgage customers.
Sh3.4B for retail customers Some of these would have defaulted, COVID or not, but it is too soon to tell. Tough times for businesses for the next 3-5 years given the election is coming up and there will be post-election pain. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 14,215 Location: nairobi
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Horton wrote:Ericsson wrote:KCB Bank Kenya has restructured facilities worth over Sh115.1 Billion to cushion customers against the effects of the COVID-19 pandemic. This has seen customers apply for their loans to be restructured, credit lines expanded & loan tenures extended to keep them financially afloat.
Since mid-March, the Bank has approved the restructuring of
Sh91.3B worth of corporate loans
Sh20.4B in loans to mortgage customers.
Sh3.4B for retail customers https://www.bloomberg.co...-1-billion-loan-reviews
“Most of it is our large customers, institutional clients, that’s around 90 billion shillings,” KCB Group Ltd. Chief Executive Officer Joshua Oigara said in an interview. “We have another 20 billion shillings for our mortgage customers and real estate, and the balance is for retail loans, which we haven’t seen much impact yet.” So let me get this straight: - Loans are extended by x months - Interest is still due Where is the problem? No problem at all. Kicking the can down the road
KQ ABP 4.26
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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obiero wrote:Horton wrote:Ericsson wrote:KCB Bank Kenya has restructured facilities worth over Sh115.1 Billion to cushion customers against the effects of the COVID-19 pandemic. This has seen customers apply for their loans to be restructured, credit lines expanded & loan tenures extended to keep them financially afloat.
Since mid-March, the Bank has approved the restructuring of
Sh91.3B worth of corporate loans
Sh20.4B in loans to mortgage customers.
Sh3.4B for retail customers https://www.bloomberg.co...-1-billion-loan-reviews
“Most of it is our large customers, institutional clients, that’s around 90 billion shillings,” KCB Group Ltd. Chief Executive Officer Joshua Oigara said in an interview. “We have another 20 billion shillings for our mortgage customers and real estate, and the balance is for retail loans, which we haven’t seen much impact yet.” So let me get this straight: - Loans are extended by x months - Interest is still due Where is the problem? No problem at all. Kicking the can down the road True 😂😂 for individuals anyways but good for the banks. I’m guessing coz it’s assuring them of business
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