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Equity Bank FY 2016 results
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ngapat
#1 Posted : Wednesday, March 15, 2017 8:23:15 AM
Rank: Veteran

Joined: 12/11/2006
Posts: 930
Happening now
#EquityFY2016Results
“Invest in yourself. Your career is the engine of your wealth.”
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  | | Edit by moderator: Wednesday, March 15, 2017 9:17 AM | Reason: title case
karasinga
#2 Posted : Wednesday, March 15, 2017 8:27:36 AM
Rank: Veteran

Joined: 2/26/2015
Posts: 1,147
ngapat wrote:
Happening now
#EquityFY2016Results

will be interesting to see how fundamentals and technical marry. check here
It's not over until I win
skype id: karasinga. email: kkarasinga@gmail.com
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ngapat
#3 Posted : Wednesday, March 15, 2017 8:57:43 AM
Rank: Veteran

Joined: 12/11/2006
Posts: 930
Liquidity ratio now at 48%, highest for the past 10 years
“Invest in yourself. Your career is the engine of your wealth.”
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Ericsson
#4 Posted : Wednesday, March 15, 2017 9:17:57 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
Equity Bank's Net loans & Advances fell by 1% but increased its investment in govt paper by almost 135%.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Metasploit
#5 Posted : Wednesday, March 15, 2017 9:23:08 AM
Rank: Veteran

Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
12M shares exchanged yesterday at Ksh 29

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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watesh
#6 Posted : Wednesday, March 15, 2017 9:37:37 AM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
I just love how Equity (and Safaricom) gives a live stream option for the results. The CEO gives out so much information than never makes it to the documented results. I wish KCB would do the same.....
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muganda
#7 Posted : Wednesday, March 15, 2017 9:41:44 AM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907

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muganda
#8 Posted : Wednesday, March 15, 2017 9:51:31 AM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
Loan loss provisions up X2.73 times
Gross non-performing loans up X2 times
#EquityFY2016Results


I could be mistaken but the NSE may have delayed market open to 10am to cater for the James Mwangi and co. show smile
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  | | Edit by user: Wednesday, March 15, 2017 9:52 AM | Reason: Not specified
Ericsson
#9 Posted : Wednesday, March 15, 2017 9:53:50 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
Cost to income ratio improved by 2.2% for the Group, from 52.9% in 2015 to 50.7% in 2016

Profit Before Tax grew by 4% from KES 24bn to KES 24.9bn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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  | | Edit by user: Wednesday, March 15, 2017 10:08 AM | Reason: Not specified
lochaz-index
#10 Posted : Wednesday, March 15, 2017 10:30:23 AM
Rank: Veteran

Joined: 9/18/2014
Posts: 1,127
ngapat wrote:
Liquidity ratio now at 48%, highest for the past 10 years

Since Q2 2016, equity's liquidity ratio has shot through the roof. Liquidity preference is expected and admirable but the rate of bulking up draws more questions than answers. Is there something we can't see here? Widespread defaults or what?

Its liquidity ratio is now in the league of 'foreign banks' which are always averse to wanjiku lending.
The main purpose of the stock market is to make fools of as many people as possible.
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