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Banque de Kigali
FUNKY
#21 Posted : Monday, June 27, 2011 10:34:59 AM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,635
Thanks Tupac for your information.
Cde Monomotapa
#22 Posted : Monday, June 27, 2011 10:59:44 AM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
VituVingiSana wrote:
Why dont folks wait for the Prospectus (Info Memorandum)?

wafula129
#23 Posted : Monday, June 27, 2011 12:07:40 PM
Rank: Hello


Joined: 6/27/2011
Posts: 1
Location: Nairobi
I think the price is about RWF 137 (aprx KShs 20)
I got this from the online registeration panel. (Reverse engineered)

http://www.bk.rw/app/index.html

You can contact enquiries@ucp1.com for a personal no hustle service.
the deal
#24 Posted : Monday, June 27, 2011 12:59:38 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Let it come if it can double my money then we will buy..
hairglo
#25 Posted : Monday, June 27, 2011 2:00:44 PM
Rank: New-farer


Joined: 4/28/2011
Posts: 30
TUPAC wrote:
holycow wrote:
gatoho wrote:
jerry wrote:
Impunity wrote:
How do we invest in Rwanda RSE as a Kenyan.

=>In 2006(or thereabouts) stanbic UG was IPOed! at 70 Ush and it's now selling at 285. Kenyans got the shares then thro D&B. We shall know how to get them by 27th.



So which broker is handling this in Kenya?

?

D&B is among the team handling this IPO. so definitely you will buy the IPO thro them.


I hear D&B will only take orders of KES 1million+
If true that will look out many

The other broker is African Alliance.
mwekez@ji
#26 Posted : Monday, June 27, 2011 5:14:07 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
hairglo wrote:
TUPAC wrote:
holycow wrote:
gatoho wrote:
jerry wrote:
Impunity wrote:
How do we invest in Rwanda RSE as a Kenyan.

=>In 2006(or thereabouts) stanbic UG was IPOed! at 70 Ush and it's now selling at 285. Kenyans got the shares then thro D&B. We shall know how to get them by 27th.



So which broker is handling this in Kenya?

?

D&B is among the team handling this IPO. so definitely you will buy the IPO thro them.


I hear D&B will only take orders of KES 1million+
If true that will look out many

The other broker is African Alliance.


How about CFC? They are a member of Rwanda Stock Exchange

http://www.rse.rw/index.php?opt...atest-news&Itemid=47
mwekez@ji
#27 Posted : Monday, June 27, 2011 5:17:29 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
The East African

Why Kigali’s stretched banks need IPO money

http://www.theeastafrican.co.ke...2560/1189086/-/a5tqec/-/

Quote:
The bank’s precarious financial position highlights the importance of its upcoming initial public offering — set for June 30 — through which it hopes to secure long term funds to grow its lending business amid rising competition in the industry.


Quote:
Competition in Rwanda’s banking sector is set to intensify as Kenya’s Equity Bank — which has cut itself a niche in retail lending in East Africa — enters the market by the end of this year; after KCB.
VituVingiSana
#28 Posted : Monday, June 27, 2011 5:34:53 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,055
Location: Nairobi
mwekez@ji wrote:
The East African

Why Kigali’s stretched banks need IPO money

http://www.theeastafrican.co.ke...2560/1189086/-/a5tqec/-/

Quote:
The bank’s precarious financial position highlights the importance of its upcoming initial public offering — set for June 30 — through which it hopes to secure long term funds to grow its lending business amid rising competition in the industry.


Quote:
Competition in Rwanda’s banking sector is set to intensify as Kenya’s Equity Bank — which has cut itself a niche in retail lending in East Africa — enters the market by the end of this year; after KCB.

That article is PATHETIC... Banks need deposits to lend. That is their core business. The jamaa makes it sound like harnessing deposits to lend is NOT the business of a bank!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
mwekez@ji
#29 Posted : Monday, June 27, 2011 5:41:55 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
VituVingiSana wrote:
mwekez@ji wrote:
The East African

Why Kigali’s stretched banks need IPO money

http://www.theeastafrican.co.ke...2560/1189086/-/a5tqec/-/

Quote:
The bank’s precarious financial position highlights the importance of its upcoming initial public offering — set for June 30 — through which it hopes to secure long term funds to grow its lending business amid rising competition in the industry.


Quote:
Competition in Rwanda’s banking sector is set to intensify as Kenya’s Equity Bank — which has cut itself a niche in retail lending in East Africa — enters the market by the end of this year; after KCB.

That article is PATHETIC... Banks need deposits to lend. That is their core business. The jamaa makes it sound like harnessing deposits to lend is NOT the business of a bank!


@VVS, Its true the core business of banks is intermediation. However, they also need long term funds (like BK is seeking through IPO) to address assets liability maturity mismatch
youcan'tstopusnow
#30 Posted : Monday, June 27, 2011 7:27:44 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
"As it cleans up its books for the upcoming IPO, the Bank of Kigali will need to rethink its heavy reliance on deposits to grow its lending."

This opening sentence had me in stitches
GOD BLESS YOUR LIFE
Cde Monomotapa
#31 Posted : Monday, June 27, 2011 7:39:03 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
youcan'tstopusnow wrote:
"As it cleans up its books for the upcoming IPO, the Bank of Kigali will need to rethink its heavy reliance on deposits to grow its lending."

This opening sentence had me in stitches

LOL!! Oh yes...the media is always right!! LOL!!
Cde Monomotapa
#32 Posted : Monday, June 27, 2011 7:42:03 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
And is is true that the IPO funds will be re-invested in the bank?or is Kagame going to buy Russian jets too with the cash. Aargh! Just wait for the prospectus.
youcan'tstopusnow
#33 Posted : Monday, June 27, 2011 8:17:31 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Cde Monomotapa wrote:
And is is true that the IPO funds will be re-invested in the bank?or is Kagame going to buy Russian jets too with the cash. Aargh! Just wait for the prospectus.


Cde hata wewe saa zingine! Argh!

Kama bibi na watoto wanataka kupelekwa outing Europe na shopping ifanywe, pesa zitatoka wapi pengine?Laughing out loudly
GOD BLESS YOUR LIFE
youcan'tstopusnow
#34 Posted : Monday, June 27, 2011 8:20:06 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Cde Monomotapa wrote:
youcan'tstopusnow wrote:
"As it cleans up its books for the upcoming IPO, the Bank of Kigali will need to rethink its heavy reliance on deposits to grow its lending."

This opening sentence had me in stitches

LOL!! Oh yes...the media is always right!! LOL!!

Laughing out loudly Applause Like I said!
GOD BLESS YOUR LIFE
VituVingiSana
#35 Posted : Monday, June 27, 2011 9:36:18 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,055
Location: Nairobi
mwekez@ji wrote:
VituVingiSana wrote:
mwekez@ji wrote:
The East African

Why Kigali’s stretched banks need IPO money

http://www.theeastafrican.co.ke...2560/1189086/-/a5tqec/-/

Quote:
The bank’s precarious financial position highlights the importance of its upcoming initial public offering — set for June 30 — through which it hopes to secure long term funds to grow its lending business amid rising competition in the industry.


Quote:
Competition in Rwanda’s banking sector is set to intensify as Kenya’s Equity Bank — which has cut itself a niche in retail lending in East Africa — enters the market by the end of this year; after KCB.

That article is PATHETIC... Banks need deposits to lend. That is their core business. The jamaa makes it sound like harnessing deposits to lend is NOT the business of a bank!


@VVS, Its true the core business of banks is intermediation. However, they also need long term funds (like BK is seeking through IPO) to address assets liability maturity mismatch
That can be achieved by other sources including changing the maturity profile of the deposits/loans. Shareholder Funds [Share Capital] is almost perpetual while Loans typically are not.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Cde Monomotapa
#36 Posted : Monday, June 27, 2011 9:52:46 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
youcan'tstopusnow wrote:
Cde Monomotapa wrote:
And is is true that the IPO funds will be re-invested in the bank?or is Kagame going to buy Russian jets too with the cash. Aargh! Just wait for the prospectus.


Cde hata wewe saa zingine! Argh!

Kama bibi na watoto wanataka kupelekwa outing Europe na shopping ifanywe, pesa zitatoka wapi pengine?Laughing out loudly

Enyewe...nchi lazima ilipe "hardship compensation" for his geurilla efforts.
mwekez@ji
#37 Posted : Monday, June 27, 2011 11:43:18 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
VituVingiSana wrote:
mwekez@ji wrote:

@VVS, Its true the core business of banks is intermediation. However, they also need long term funds (like BK is seeking through IPO) to address assets liability maturity mismatch
That can be achieved by other sources including changing the maturity profile of the deposits/loans. Shareholder Funds [Share Capital] is almost perpetual while Loans typically are not.


Changing the maturity profile of the deposits and loans is the most ideal way of addressing assets liability maturity mismatch. However, practically its not easy to change those. A large amount of banks deposits are held as demand deposits. Most fixed deposit receipts (FDRs) are for a period of less than 1 year. Very few FDRs run for more than 1 year. Apart from overdrafts, most bank loans run for more than 3 years with most home loans running for more than 10 years. To address this complex assets liability mismatch, most banks are forced to take long term loans (under tier 2 capital) or increase share capital (tier 1 capital)

Just like @Cde, I am waiting for the IM to get a clear picture of this offer
VituVingiSana
#38 Posted : Tuesday, June 28, 2011 12:16:51 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,055
Location: Nairobi
EA Banks are allowed 15x deposits vs their core shareholder funds [variations exist] so the mismatch will continue unless the so-called 'long-term' lending is dramatically curtailed.

Even the 10yr loans are not really 10yr loans when you consider duration. I do not want to explain duration here but please google it & much better explanations can be found online.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
QW25071985
#39 Posted : Tuesday, June 28, 2011 8:08:51 AM
Rank: Veteran


Joined: 3/25/2011
Posts: 946
youcan'tstopusnow wrote:
Cde Monomotapa wrote:
youcan'tstopusnow wrote:
"As it cleans up its books for the upcoming IPO, the Bank of Kigali will need to rethink its heavy reliance on deposits to grow its lending."

This opening sentence had me in stitches

LOL!! Oh yes...the media is always right!! LOL!!

Laughing out loudly Applause Like I said!


Laughing out loudly Laughing out loudly Laughing out loudly smile smile
FUNKY
#40 Posted : Tuesday, June 28, 2011 9:47:36 AM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,635
So due to its heavy reliance on deposits to grow its loan book is it worth investing in the shares?? Also to keep in mind will be able to compete with equity bank once it enters Rwanda??
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