wazua Wed, Mar 18, 2026
Welcome Guest Search | Active Topics | Log In

31 Pages«<28293031>
Potential merger NIC + CBA
Options
Previous Topic · Next Topic
Ericsson
#291 Posted : Tuesday, December 28, 2021 7:58:08 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
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
Back to top
WWW
  |
Ericsson
#292 Posted : Thursday, March 24, 2022 3:10:23 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
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
Back to top
WWW
  |
VituVingiSana
#293 Posted : Friday, March 25, 2022 4:18:03 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,344
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
Back to top
  |
Ericsson
#294 Posted : Tuesday, March 29, 2022 12:55:20 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
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
Back to top
WWW
  |
My 2 cents
#295 Posted : Tuesday, March 29, 2022 2:20:18 PM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,089
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.
Back to top
  |
Ericsson
#296 Posted : Tuesday, March 29, 2022 2:21:58 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
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
Back to top
WWW
  |
VituVingiSana
#297 Posted : Tuesday, March 29, 2022 5:37:21 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,344
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
Back to top
  |
My 2 cents
#298 Posted : Tuesday, March 29, 2022 6:03:18 PM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,089
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.......
Back to top
  |
My 2 cents
#299 Posted : Tuesday, March 29, 2022 6:05:17 PM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,089
God knows we do not have enough job opportunities for the youth in Kenya
Back to top
  |
cyruskulei
#300 Posted : Monday, January 16, 2023 10:32:10 AM
Rank: Member

Joined: 3/9/2010
Posts: 320
Location: kenya
Ericsson wrote:
watesh wrote:
Ericsson wrote:
In their Notice of the Annual General Meeting on 5th July,NCBA is going on a dividend drought for 5 years.

Or they may go for a small cash dividend plus a bonus. They want to go aggressively into retail banking, they need to prop up their core capital base to keep up with the expected growth.


NCBA has put brakes on its expansion plan of opening 15 new branches.
This comes after its announcement of shutting 14 branches.



This counter has gained alot for the last six months.Whats the hidden card?
Work hard at your job and you can make a living. Work hard on yourself and you can make a fortune.
Back to top
  |
31 Pages«<28293031>
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.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.