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Kenya Economy Watch
Rank: Elder Joined: 12/7/2012 Posts: 11,908
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President Uhuru appoints 8 experts to Economic Recovery Council chaired by Hon Raila Odinga (former prime minister and council chairman), Hon Billow Kerrow (former Senator of Mandera County), Dr. Sabdiyo Dibo Bushina (an agricultural expert), Dr. Mukhisa Kituyi (former Minister of Trade and currently UNCTAD Secretary-General), Dr. Martin Odour Otieno (former Managing Director of KCB Bank Group), Eddie Njoroge (former Managing Director of KENGEN), Issac Ruto (former Bomet Governor) and Prof. Terry Rhyan (Treasury Advisor). 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: Member Joined: 12/22/2015 Posts: 224 Location: Mombasa, Kenya
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Angelica _ann wrote:President Uhuru appoints 8 experts to Economic Recovery Council chaired by Hon Raila Odinga (former prime minister and council chairman), Hon Billow Kerrow (former Senator of Mandera County), Dr. Sabdiyo Dibo Bushina (an agricultural expert), Dr. Mukhisa Kituyi (former Minister of Trade and currently UNCTAD Secretary-General), Dr. Martin Odour Otieno (former Managing Director of KCB Bank Group), Eddie Njoroge (former Managing Director of KENGEN), Issac Ruto (former Bomet Governor) and Prof. Terry Rhyan (Treasury Advisor). Another dream team  History repeating itself. Outcomes too Start!
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Rank: Member Joined: 7/1/2009 Posts: 256
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Metch wrote:Angelica _ann wrote:President Uhuru appoints 8 experts to Economic Recovery Council chaired by Hon Raila Odinga (former prime minister and council chairman), Hon Billow Kerrow (former Senator of Mandera County), Dr. Sabdiyo Dibo Bushina (an agricultural expert), Dr. Mukhisa Kituyi (former Minister of Trade and currently UNCTAD Secretary-General), Dr. Martin Odour Otieno (former Managing Director of KCB Bank Group), Eddie Njoroge (former Managing Director of KENGEN), Issac Ruto (former Bomet Governor) and Prof. Terry Rhyan (Treasury Advisor). Another dream team History repeating itself. Outcomes too I hope they don't take some of the positions we've seen from politicians and journalists, who seem to think rent payments for private rental housing should be deferred by force. They are even proposing that banks must declare reasons for denying someone a loan, yet the state doesn't bear the risk of defaults, or the costs of recovering funds.
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Rank: Member Joined: 11/17/2018 Posts: 173 Location: Mars
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Angelica _ann wrote:President Uhuru appoints 8 experts to Economic Recovery Council chaired by Hon Raila Odinga (former prime minister and council chairman), Hon Billow Kerrow (former Senator of Mandera County), Dr. Sabdiyo Dibo Bushina (an agricultural expert), Dr. Mukhisa Kituyi (former Minister of Trade and currently UNCTAD Secretary-General), Dr. Martin Odour Otieno (former Managing Director of KCB Bank Group), Eddie Njoroge (former Managing Director of KENGEN), Issac Ruto (former Bomet Governor) and Prof. Terry Rhyan (Treasury Advisor). https://www.kenyans.co.k...conomic-recovery-council
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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Amount of loans banks have restructured so far; Equity bank ksh.92b KCB ksh.115.1bn NCBA ksh.35bn CO-OP bank sh.15.3bn ABSA ksh.8.3bn Standard chartered ksh.8bn DTB Ksh.40.7bn Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 12/1/2007 Posts: 539 Location: Nakuru
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Ericsson wrote:Amount of loans banks have restructured so far;
Equity bank ksh.92b
KCB ksh.110bn
NCBA ksh.35bn
CO-OP bank sh.15.3bn
ABSA ksh.8.3bn
Standard chartered ksh.8bn
DTB Ksh.40.7bn For its Tier, COOP is really a mean bank For investors as a whole, returns decrease as motion increases ~ WB
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Ericsson wrote:Amount of loans banks have restructured so far;
Equity bank ksh.92b
KCB ksh.110bn
NCBA ksh.35bn
CO-OP bank sh.15.3bn
ABSA ksh.8.3bn
Standard chartered ksh.8bn
DTB Ksh.40.7bn These are reactionary, real restructuring and default still on the way from around July onwards. 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: 9/18/2014 Posts: 1,127
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Ericsson wrote:Amount of loans banks have restructured so far;
Equity bank ksh.92b
KCB ksh.110bn
NCBA ksh.35bn
CO-OP bank sh.15.3bn
ABSA ksh.8.3bn
Standard chartered ksh.8bn
DTB Ksh.40.7bn That gives a total of 300 billion in two months. Most definitely the figure will continue rising as the economic toll becomes apparent. Total banking NPLs by June 2019 was around 350 billion constituting about 12.4% of the loan book. Assuming there is little to no write backs from these loans come July, that would put total sector NPLs at upwards of 650 billion or approximately 22% of the loan book(asssuming little to insignificant new loans were made in the intervening period). Before the pandemic hit my estimate was a peak of 18-20% of the loan book purely on the basis of economic malaise. That will surely be surpassed and then some. All time high NPLs was 33% in back in 2001. Will this level be retested? Very probable if you factor in a depreciating currency and rising interest rates. That would come in at a ballpark figure of 1 trillion worth of NPLs. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Member Joined: 9/14/2011 Posts: 834 Location: nairobi
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lochaz-index wrote:Ericsson wrote:Amount of loans banks have restructured so far;
Equity bank ksh.92b
KCB ksh.110bn
NCBA ksh.35bn
CO-OP bank sh.15.3bn
ABSA ksh.8.3bn
Standard chartered ksh.8bn
DTB Ksh.40.7bn That gives a total of 300 billion in two months. Most definitely the figure will continue rising as the economic toll becomes apparent. Total banking NPLs by June 2019 was around 350 billion constituting about 12.4% of the loan book. Assuming there is little to no write backs from these loans come July, that would put total sector NPLs at upwards of 650 billion or approximately 22% of the loan book(asssuming little to insignificant new loans were made in the intervening period). Before the pandemic hit my estimate was a peak of 18-20% of the loan book purely on the basis of economic malaise. That will surely be surpassed and then some. All time high NPLs was 33% in back in 2001. Will this level be retested? Very probable if you factor in a depreciating currency and rising interest rates. That would come in at a ballpark figure of 1 trillion worth of NPLs. @lochaz What does this mean ? and then other sectors like saccos will also be hit
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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heri wrote:lochaz-index wrote:Ericsson wrote:Amount of loans banks have restructured so far;
Equity bank ksh.92b
KCB ksh.110bn
NCBA ksh.35bn
CO-OP bank sh.15.3bn
ABSA ksh.8.3bn
Standard chartered ksh.8bn
DTB Ksh.40.7bn That gives a total of 300 billion in two months. Most definitely the figure will continue rising as the economic toll becomes apparent. Total banking NPLs by June 2019 was around 350 billion constituting about 12.4% of the loan book. Assuming there is little to no write backs from these loans come July, that would put total sector NPLs at upwards of 650 billion or approximately 22% of the loan book(asssuming little to insignificant new loans were made in the intervening period). Before the pandemic hit my estimate was a peak of 18-20% of the loan book purely on the basis of economic malaise. That will surely be surpassed and then some. All time high NPLs was 33% in back in 2001. Will this level be retested? Very probable if you factor in a depreciating currency and rising interest rates. That would come in at a ballpark figure of 1 trillion worth of NPLs. @lochaz What does this mean ? and then other sectors like saccos will also be hit KCB figure revised upwards to 115.1bn Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: New-farer Joined: 4/28/2019 Posts: 88 Location: Talai
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Thanks Wazuans.. knowing and Learning alot.
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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Ericsson wrote:heri wrote:lochaz-index wrote:Ericsson wrote:Amount of loans banks have restructured so far;
Equity bank ksh.92b
KCB ksh.110bn
NCBA ksh.35bn
CO-OP bank sh.15.3bn
ABSA ksh.8.3bn
Standard chartered ksh.8bn
DTB Ksh.40.7bn That gives a total of 300 billion in two months. Most definitely the figure will continue rising as the economic toll becomes apparent. Total banking NPLs by June 2019 was around 350 billion constituting about 12.4% of the loan book. Assuming there is little to no write backs from these loans come July, that would put total sector NPLs at upwards of 650 billion or approximately 22% of the loan book(asssuming little to insignificant new loans were made in the intervening period). Before the pandemic hit my estimate was a peak of 18-20% of the loan book purely on the basis of economic malaise. That will surely be surpassed and then some. All time high NPLs was 33% in back in 2001. Will this level be retested? Very probable if you factor in a depreciating currency and rising interest rates. That would come in at a ballpark figure of 1 trillion worth of NPLs. @lochaz What does this mean ? and then other sectors like saccos will also be hit KCB figure revised upwards to 115.1bn Wapi link?
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Rank: New-farer Joined: 4/28/2019 Posts: 88 Location: Talai
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Horton wrote:Ericsson wrote:heri wrote:lochaz-index wrote:Ericsson wrote:Amount of loans banks have restructured so far;
Equity bank ksh.92b
KCB ksh.110bn
NCBA ksh.35bn
CO-OP bank sh.15.3bn
ABSA ksh.8.3bn
Standard chartered ksh.8bn
DTB Ksh.40.7bn That gives a total of 300 billion in two months. Most definitely the figure will continue rising as the economic toll becomes apparent. Total banking NPLs by June 2019 was around 350 billion constituting about 12.4% of the loan book. Assuming there is little to no write backs from these loans come July, that would put total sector NPLs at upwards of 650 billion or approximately 22% of the loan book(asssuming little to insignificant new loans were made in the intervening period). Before the pandemic hit my estimate was a peak of 18-20% of the loan book purely on the basis of economic malaise. That will surely be surpassed and then some. All time high NPLs was 33% in back in 2001. Will this level be retested? Very probable if you factor in a depreciating currency and rising interest rates. That would come in at a ballpark figure of 1 trillion worth of NPLs. @lochaz What does this mean ? and then other sectors like saccos will also be hit KCB figure revised upwards to 115.1bn Wapi link? I guess link inacome... I heard the same figure during 22.05.2020, 9 pm KBC BIZ NEWS.
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Rank: Elder Joined: 6/23/2009 Posts: 13,501 Location: nairobi
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ARAPCHARLEE wrote:Horton wrote:Ericsson wrote:heri wrote:lochaz-index wrote:Ericsson wrote:Amount of loans banks have restructured so far;
Equity bank ksh.92b
KCB ksh.110bn
NCBA ksh.35bn
CO-OP bank sh.15.3bn
ABSA ksh.8.3bn
Standard chartered ksh.8bn
DTB Ksh.40.7bn That gives a total of 300 billion in two months. Most definitely the figure will continue rising as the economic toll becomes apparent. Total banking NPLs by June 2019 was around 350 billion constituting about 12.4% of the loan book. Assuming there is little to no write backs from these loans come July, that would put total sector NPLs at upwards of 650 billion or approximately 22% of the loan book(asssuming little to insignificant new loans were made in the intervening period). Before the pandemic hit my estimate was a peak of 18-20% of the loan book purely on the basis of economic malaise. That will surely be surpassed and then some. All time high NPLs was 33% in back in 2001. Will this level be retested? Very probable if you factor in a depreciating currency and rising interest rates. That would come in at a ballpark figure of 1 trillion worth of NPLs. @lochaz What does this mean ? and then other sectors like saccos will also be hit KCB figure revised upwards to 115.1bn Wapi link? I guess link inacome... I heard the same figure during 22.05.2020, 9 pm KBC BIZ NEWS. @Ericsson I need to ask you something, if possible, please email me info@winda.co.ke
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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ARAPCHARLEE wrote:Horton wrote:Ericsson wrote:heri wrote:lochaz-index wrote:Ericsson wrote:Amount of loans banks have restructured so far;
Equity bank ksh.92b
KCB ksh.110bn
NCBA ksh.35bn
CO-OP bank sh.15.3bn
ABSA ksh.8.3bn
Standard chartered ksh.8bn
DTB Ksh.40.7bn That gives a total of 300 billion in two months. Most definitely the figure will continue rising as the economic toll becomes apparent. Total banking NPLs by June 2019 was around 350 billion constituting about 12.4% of the loan book. Assuming there is little to no write backs from these loans come July, that would put total sector NPLs at upwards of 650 billion or approximately 22% of the loan book(asssuming little to insignificant new loans were made in the intervening period). Before the pandemic hit my estimate was a peak of 18-20% of the loan book purely on the basis of economic malaise. That will surely be surpassed and then some. All time high NPLs was 33% in back in 2001. Will this level be retested? Very probable if you factor in a depreciating currency and rising interest rates. That would come in at a ballpark figure of 1 trillion worth of NPLs. @lochaz What does this mean ? and then other sectors like saccos will also be hit KCB figure revised upwards to 115.1bn Wapi link? I guess link inacome... I heard the same figure during 22.05.2020, 9 pm KBC BIZ NEWS. Link as below; https://twitter.com/KCBG...tus/1263752698421264390
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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Metch wrote:Angelica _ann wrote:President Uhuru appoints 8 experts to Economic Recovery Council chaired by Hon Raila Odinga (former prime minister and council chairman), Hon Billow Kerrow (former Senator of Mandera County), Dr. Sabdiyo Dibo Bushina (an agricultural expert), Dr. Mukhisa Kituyi (former Minister of Trade and currently UNCTAD Secretary-General), Dr. Martin Odour Otieno (former Managing Director of KCB Bank Group), Eddie Njoroge (former Managing Director of KENGEN), Issac Ruto (former Bomet Governor) and Prof. Terry Rhyan (Treasury Advisor). Another dream team History repeating itself. Outcomes too If there is no will to turnaround KQ and other government parastatals will there be a will to turnaround the economy? Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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ARAPCHARLEE wrote:Horton wrote:Ericsson wrote:heri wrote:lochaz-index wrote:Ericsson wrote:Amount of loans banks have restructured so far;
Equity bank ksh.92b
KCB ksh.110bn
NCBA ksh.35bn
CO-OP bank sh.15.3bn
ABSA ksh.8.3bn
Standard chartered ksh.8bn
DTB Ksh.40.7bn That gives a total of 300 billion in two months. Most definitely the figure will continue rising as the economic toll becomes apparent. Total banking NPLs by June 2019 was around 350 billion constituting about 12.4% of the loan book. Assuming there is little to no write backs from these loans come July, that would put total sector NPLs at upwards of 650 billion or approximately 22% of the loan book(asssuming little to insignificant new loans were made in the intervening period). Before the pandemic hit my estimate was a peak of 18-20% of the loan book purely on the basis of economic malaise. That will surely be surpassed and then some. All time high NPLs was 33% in back in 2001. Will this level be retested? Very probable if you factor in a depreciating currency and rising interest rates. That would come in at a ballpark figure of 1 trillion worth of NPLs. @lochaz What does this mean ? and then other sectors like saccos will also be hit KCB figure revised upwards to 115.1bn Wapi link? I guess link inacome... I heard the same figure during 22.05.2020, 9 pm KBC BIZ NEWS. ABSA kenya figures have clocked ksh.16bn Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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https://www.kenyans.co.k...-chinese-firm-over-fraudWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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Ericsson wrote:Amount of loans banks have restructured so far;
Equity bank ksh.92b
KCB ksh.115.1bn
NCBA ksh.35bn
CO-OP bank sh.15.3bn
ABSA ksh.28.5bn
Standard chartered ksh.8bn
DTB Ksh.40.7bn ABSA kenya restructured 30,000 loan accounts Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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Sentiment hotel and lodges to shut down all 7 properties and layoff 700. East African Portland cement to layoff more employees. Fairmont group shuts down and fires all employees Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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