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Potential merger NIC + CBA
Ericsson
#281 Posted : Friday, January 01, 2021 1:00:18 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,306
Location: NAIROBI
https://businesstoday.co...-of-boardroom-veterans/

Jeremy Ngunze and Livingstone Murage exit
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#282 Posted : Tuesday, January 05, 2021 10:24:32 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,744
Location: Nairobi
https://www.businessdail...atform-contract-3247192
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
quicksand
#283 Posted : Tuesday, January 05, 2021 3:13:19 PM
Rank: Veteran


Joined: 7/5/2010
Posts: 2,061
Location: Nairobi

This is gonna fail hard
Ericsson
#284 Posted : Sunday, January 31, 2021 9:54:45 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,306
Location: NAIROBI
https://www.businessdail...l-bus-financing-3270980

NCBA Bank is targeting schools with a new financing deal to meet transport demand amid a reduction in buses’ carrying capacity due to coronavirus.

This comes on the back of a requirement restricting school buses to utilise half of their normal capacity.

Under the financing deal, private schools will enjoy up to 72-month repayment period on buses bought from Isuzu East Africa. The NCBA loans have an interest rate of 13 percent.

The financing deal was arrived at following a consultation with 822 schools under the Kenya Private Schools Association (KPSA) umbrella.

“This programme provides a versatile payment solution that will enable schools to acquire new buses to meet their transport needs,” KPSA National Chair Mutheu Kasanga said during the unveiling of the partnership.

Clients will also enjoy a one-term repayment holiday.

Similarly, they will be able to acquire buses on long term leases of between two to five years without any upfront charges.

NCBA’s asset finance and business solutions acting Group Director Lennox Mugambi said buses will also be insured at a discounted rate of 3.8 percent by the NCBA Insurance Agency.

“As the leader in asset finance, we are keen to offer learning institutions financial solutions that will give them resilience to recover after nearly 10 months of closure,” Mr Mugambi said.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#285 Posted : Monday, March 29, 2021 9:33:24 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,306
Location: NAIROBI
Ericsson wrote:
Ericsson wrote:
NCBA Quarterly performance in 2020
Q1--2.46bn
Q2--1.45bn

Q3---loss of 120mn

Q4---1.19bn
FY2020 profit KES.4.98bn

https://pbs.twimg.com/me...rmat=jpg&name=large

https://pbs.twimg.com/me...mat=jpg&name=medium

https://www.nse.co.ke/ph...ar-ended-31-dec-2020.pdf
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
mlennyma
#286 Posted : Thursday, June 10, 2021 12:23:48 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,135
Location: nairobi
Who is heavily buying?
"Don't let the fear of losing be greater than the excitement of winning."
Ericsson
#287 Posted : Thursday, June 10, 2021 12:47:06 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,306
Location: NAIROBI
mlennyma wrote:
Who is heavily buying?


Or who is heavily selling?
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#288 Posted : Thursday, June 10, 2021 1:25:59 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,306
Location: NAIROBI
Ericsson wrote:
mlennyma wrote:
Who is heavily buying?


Or who is heavily selling?


55million shares traded so far,about 3.5% of the issued capital.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#289 Posted : Monday, December 13, 2021 2:57:34 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,306
Location: NAIROBI
https://www.businessdail...lvent-firm-flops-3650552
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Queen
#290 Posted : Tuesday, December 14, 2021 4:26:40 PM
Rank: Member


Joined: 11/21/2018
Posts: 495
Location: Britain
Ericsson wrote:
https://www.businessdailyafrica.com/bd/corporate/companies/ncba-lose-sh900m-revival-attempt-insolvent-firm-flops-3650552


During the merger, they got a tax waiver in excess of 300M courtesy of their political connections. Karma is truly a bi*ch.
Ericsson
#291 Posted : Tuesday, December 28, 2021 7:58:08 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,306
Location: NAIROBI
NCBA is the top local lender to KPLC.

https://www.businessdail...h-ncba-s-sh6-8bn-3665098
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#292 Posted : Thursday, March 24, 2022 3:10:23 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,306
Location: NAIROBI
NCBA Bank Kenya plans to open 12 new branches this year as the lender continues to enhance its countrywide network.
NCBA is opening branches (12 in 2022) as the top reason people choose a bank, is proximity to a branch, not how good the digital app is while agency banking is relevant to customers when an agent is within 1KM of a branch - @JohnGachora
NCBA disbursed Kshs 584 billon of digital loans in 2021 (including Fuliza 482 bn & M-Shwari 88 bn). These are churn loans, quickly repaid, and only Kshs 12 billion was on the balance sheet at year-end (they do not prop it up)
The lender is, however, set to consolidate five of its branches located in the same locations
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#293 Posted : Friday, March 25, 2022 4:18:03 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,744
Location: Nairobi
Queen wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/bd/corporate/companies/ncba-lose-sh900m-revival-attempt-insolvent-firm-flops-3650552


During the merger, they got a tax waiver in excess of 300M courtesy of their political connections. Karma is truly a bi*ch.
It was a merger/swap not a sale. Why should be a fee for something of the sort that doesn't generate cash for either party?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#294 Posted : Tuesday, March 29, 2022 12:55:20 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,306
Location: NAIROBI
In Kiambu town,when Stanchart recently closed its branch, NCBA took that space.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
My 2 cents
#295 Posted : Tuesday, March 29, 2022 2:20:18 PM
Rank: Member


Joined: 6/2/2010
Posts: 822
For the size of our economy, we have too many banks in Kenya; it is ridiculous. The minimum capital required to open a bank should be increased from the current 1 Billion to 20 to 50 times more.
We have some tiny tiny banks in the market that just don't make any sense.
Ericsson
#296 Posted : Tuesday, March 29, 2022 2:21:58 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,306
Location: NAIROBI
My 2 cents wrote:
For the size of our economy, we have too many banks in Kenya; it is ridiculous. The minimum capital required to open a bank should be increased from the current 1 Billion to 20 to 50 times more.
We have some tiny tiny banks in the market that just don't make any sense.


Insurance companies it's worse,the number of insurance companies is more than the banks
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#297 Posted : Tuesday, March 29, 2022 5:37:21 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,744
Location: Nairobi
My 2 cents wrote:
For the size of our economy, we have too many banks in Kenya; it is ridiculous. The minimum capital required to open a bank should be increased from the current 1 Billion to 20 to 50 times more.
We have some tiny tiny banks in the market that just don't make any sense.
Shame on you Shame on you Shame on you
Let them be.
They are not eating your ugali.

They have their niches. Large banks doesn't mean better banks but simply "Too Big To Fail".

What next?
Only allow large supermarkets?
Just one electricity supplier? Laughing out loudly

Let competition do its thing.

Nigeria's banking system needed to be cleaned up and it was not about the banks but the regulations and enforcement!

Smaller banks than Chase and Imperial have survived for years meanwhile for those old enough to remember know the tribulations at KCB and NBK.

One of the strongest banks in Kenya is a Tier 3 bank (Habib Bank Geneva).

Equity was a tiny bank which would have been squelched but it grew to be EAC's largest bank.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
My 2 cents
#298 Posted : Tuesday, March 29, 2022 6:03:18 PM
Rank: Member


Joined: 6/2/2010
Posts: 822
VituVingiSana wrote:
My 2 cents wrote:
For the size of our economy, we have too many banks in Kenya; it is ridiculous. The minimum capital required to open a bank should be increased from the current 1 Billion to 20 to 50 times more.
We have some tiny tiny banks in the market that just don't make any sense.
Shame on you Shame on you Shame on you
Let them be.
They are not eating your ugali.

They have their niches. Large banks doesn't mean better banks but simply "Too Big To Fail".

What next?
Only allow large supermarkets?
Just one electricity supplier? Laughing out loudly

Let competition do its thing.

Nigeria's banking system needed to be cleaned up and it was not about the banks but the regulations and enforcement!

Smaller banks than Chase and Imperial have survived for years meanwhile for those old enough to remember know the tribulations at KCB and NBK.

One of the strongest banks in Kenya is a Tier 3 bank (Habib Bank Geneva).

Equity was a tiny bank which would have been squelched but it grew to be EAC's largest bank.


I am happy for them to stay only as so far as they provide jobs. Consolidation will naturally mean that jobs are lost. So am ok with 45 HR Directors instead of 5 HR Directors.......
My 2 cents
#299 Posted : Tuesday, March 29, 2022 6:05:17 PM
Rank: Member


Joined: 6/2/2010
Posts: 822
God knows we do not have enough job opportunities for the youth in Kenya
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