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Equity Bank 2020
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littledove
#121 Posted : Monday, November 08, 2021 12:06:29 PM
Rank: Veteran

Joined: 7/1/2014
Posts: 928
Location: sky
https://www.businessdailyafrica.com/bd/corporate/companies/equity-bank-open-to-buyback-of-hf-stake-3611750 Equity Group is open to repurchase a stake in mortgage lender HF Group, signalling a shift in its appetite to acquire rivals in the Kenyan market. Equity chief executive James Mwangi said the bank would review its interest in HF, seven years after selling its 24.7 percent stake to insurance group Britam. Britam plans to sell part of its 48.2 percent stake in HF Group to one of the country’s big banks as part of its investment portfolio review.
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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Ericsson
#122 Posted : Monday, November 08, 2021 12:53:02 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,820
Location: NAIROBI
Ericsson wrote:
Ericsson wrote:
EQUITY PBT bn Q1--Ksh.11.7 Q2--Ksh.12.1
Q3--Ksh.12.8
EQUITY REGIONAL SUBSIDIARIES PERFORMANCE IN Q3 2021 KES Billion Tanzania Customer Deposits----22.1 Loan Book------------19.8 Total Assets---------34.0 Profit Before Tax-----0.3 Uganda Customer Deposits-----64.3 Loan Book-------------45.7 Total Assets----------80.7 Profit Before Tax------2.8 South Sudan Customer Deposits------8.3 Loan Book--------------0.1 Total Assets-----------12.7 Profit Before Tax------0.03 Rwanda Customer Deposits------34.9 Loan Book--------------24.8 Total Assets-----------48.8 Profit Before Tax------1.7 DRC Customer Deposits------304.6 Loan Book--------------101.0 Total Assets-----------356.0 Profit Before Tax------3.2 KENYA Customer Deposits------604.1 Loan Book--------------559.0 Total Assets-----------800.3 Profit Before Tax------28.2
Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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watesh
#123 Posted : Monday, November 08, 2021 4:20:50 PM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
Ericsson wrote:
Ericsson wrote:
Ericsson wrote:
EQUITY PBT bn Q1--Ksh.11.7 Q2--Ksh.12.1
Q3--Ksh.12.8
EQUITY REGIONAL SUBSIDIARIES PERFORMANCE IN Q3 2021 KES Billion Tanzania Customer Deposits----22.1 Loan Book------------19.8 Total Assets---------34.0 Profit Before Tax-----0.3 Uganda Customer Deposits-----64.3 Loan Book-------------45.7 Total Assets----------80.7 Profit Before Tax------2.8 South Sudan Customer Deposits------8.3 Loan Book--------------0.1 Total Assets-----------12.7 Profit Before Tax------0.03 Rwanda Customer Deposits------34.9 Loan Book--------------24.8 Total Assets-----------48.8 Profit Before Tax------1.7 DRC Customer Deposits------304.6 Loan Book--------------101.0 Total Assets-----------356.0 Profit Before Tax------3.2 KENYA Customer Deposits------604.1 Loan Book--------------559.0 Total Assets-----------800.3 Profit Before Tax------28.2
The deposit growth rate in DRC & Kenya is phenomenal!
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aemathenge
#124 Posted : Thursday, December 16, 2021 10:04:19 AM
Rank: Elder

Joined: 10/18/2008
Posts: 3,434
Location: Kerugoya
This is going to be interesting.
Quote:
The story, as promised. A THREAD My friend had a very successful retail business in Meru. Equity bank recruited him as one of their agents. In no time, he was best agent in Meru county & was invited for a seminar in Thika, to enhance the 'partnership'. That's where trouble began.
Source: https://twitter.com/Tony...atus/1471169700604305415
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maka
#125 Posted : Thursday, December 16, 2021 6:24:37 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
aemathenge wrote:
This is going to be interesting.
Quote:
The story, as promised. A THREAD My friend had a very successful retail business in Meru. Equity bank recruited him as one of their agents. In no time, he was best agent in Meru county & was invited for a seminar in Thika, to enhance the 'partnership'. That's where trouble began.
Source: https://twitter.com/Tony...atus/1471169700604305415
Lakini Bankers are brutal....
possunt quia posse videntur
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Ericsson
#126 Posted : Monday, January 03, 2022 8:05:56 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,820
Location: NAIROBI
https://www.businessdail...ays-after-buy-in-3670270
Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Ericsson
#127 Posted : Thursday, January 20, 2022 2:03:37 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,820
Location: NAIROBI
https://www.businessdail...g-to-enterprises-3686480 Equity Bank Kenya is set to receive Sh5.66 billion (£37 million) from UK’s development finance institution British International Investment (BII) – formerly known as CDC Group – for onward lending to small businesses. Equity bank and Kenya government same whatsapp group when in it comes to appetite for borrowing
Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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jawgey
#128 Posted : Thursday, January 20, 2022 4:43:16 PM
Rank: Member

Joined: 1/13/2014
Posts: 398
Location: Denmark
Ericsson wrote:
https://www.businessdailyafrica.com/bd/corporate/companies/equity-bank-gets-sh5-6bn-lending-to-enterprises-3686480 Equity Bank Kenya is set to receive Sh5.66 billion (£37 million) from UK’s development finance institution British International Investment (BII) – formerly known as CDC Group – for onward lending to small businesses. Equity bank and Kenya government same whatsapp group when in it comes to appetite for borrowing
Only that Equity puts the money into good use.
Seeing is believing
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watesh
#129 Posted : Monday, March 07, 2022 10:18:31 AM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
Equity Bank risk-based pricing has been approved by CBK. It will now switch to an all-inclusive interest rate system which means all fees associated with the loan eg appraisal fees etc will be included in the interest rate. It will be based on the treasury bills rates (risk-free rate) then they add their operational cost and risk premium based on the sector of the economy the loan will be used in. Currently, the rates will be between 13% - 18.5%
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Ericsson
#130 Posted : Monday, March 07, 2022 11:38:18 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,820
Location: NAIROBI
watesh wrote:
Equity Bank risk-based pricing has been approved by CBK. It will now switch to an all-inclusive interest rate system which means all fees associated with the loan eg appraisal fees etc will be included in the interest rate. It will be based on the treasury bills rates (risk-free rate) then they add their operational cost and risk premium based on the sector of the economy the loan will be used in. Currently, the rates will be between 13% - 18.5%
Waah the Era of expensive loans is coming back.
Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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