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KCB HY 2017 result
KiFagio
#21 Posted : Saturday, August 26, 2017 7:26:53 AM
Rank: Member


Joined: 9/27/2011
Posts: 123
Location: Nairobi
Paying by m-benki using mpesa till number will cost you 57.50. Its a rip-off.
Ericsson
#22 Posted : Saturday, August 26, 2017 12:08:33 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,626
Location: NAIROBI
Preview of KCB Group CEO Joshua Oigara interview on BBC.
KCB has made a bid of NBK and they are still at initial discussions so it's too early to make a conclusion.

KCB is one of the most efficient banks while Government is wasteful and inefficient.What would it look like having GoK with a huge stake?
Governments worldwide are the biggest spenders and borrowers look at Germany,USA,Japan and the like.That is the business we are looking at.
If you look at the top/biggest banks in Africa only two countries come in the picture;South Africa and Nigeria.
We would also like to be in that league/category


KCB is also involved in financing of the SGR due to the huge balance sheet we have which is necessary for big infrastructure projects.


Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ebenyo
#23 Posted : Saturday, August 26, 2017 10:31:22 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,996
Location: Kitale
Ericsson wrote:
Preview of KCB Group CEO Joshua Oigara interview on BBC.
KCB has made a bid of NBK and they are still at initial discussions so it's too early to make a conclusion.

KCB is one of the most efficient banks while Government is wasteful and inefficient.What would it look like having GoK with a huge stake?
Governments worldwide are the biggest spenders and borrowers look at Germany,USA,Japan and the like.That is the business we are looking at.
If you look at the top/biggest banks in Africa only two countries come in the picture;South Africa and Nigeria.
We would also like to be in that league/category


KCB is also involved in financing of the SGR due to the huge balance sheet we have which is necessary for big infrastructure projects.




i fully support the decision to buy Nbk.It adds value.
Towards the goal of financial freedom
obiero
#24 Posted : Saturday, August 26, 2017 11:08:33 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,463
Location: nairobi
Ebenyo wrote:
Ericsson wrote:
Preview of KCB Group CEO Joshua Oigara interview on BBC.
KCB has made a bid of NBK and they are still at initial discussions so it's too early to make a conclusion.

KCB is one of the most efficient banks while Government is wasteful and inefficient.What would it look like having GoK with a huge stake?
Governments worldwide are the biggest spenders and borrowers look at Germany,USA,Japan and the like.That is the business we are looking at.
If you look at the top/biggest banks in Africa only two countries come in the picture;South Africa and Nigeria.
We would also like to be in that league/category


KCB is also involved in financing of the SGR due to the huge balance sheet we have which is necessary for big infrastructure projects.




i fully support the decision to buy Nbk.It adds value.

NBK was dead.. So anyone who aims to revive it is welcome

HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
Ericsson
#25 Posted : Saturday, August 26, 2017 11:15:09 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,626
Location: NAIROBI
If KCB manages to transfers it's efficiency to NBK it will derive huge benefits.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ebenyo
#26 Posted : Sunday, August 27, 2017 8:10:26 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,996
Location: Kitale
obiero wrote:
Ebenyo wrote:
Ericsson wrote:
Preview of KCB Group CEO Joshua Oigara interview on BBC.
KCB has made a bid of NBK and they are still at initial discussions so it's too early to make a conclusion.

KCB is one of the most efficient banks while Government is wasteful and inefficient.What would it look like having GoK with a huge stake?
Governments worldwide are the biggest spenders and borrowers look at Germany,USA,Japan and the like.That is the business we are looking at.
If you look at the top/biggest banks in Africa only two countries come in the picture;South Africa and Nigeria.
We would also like to be in that league/category


KCB is also involved in financing of the SGR due to the huge balance sheet we have which is necessary for big infrastructure projects.




i fully support the decision to buy Nbk.It adds value.

NBK was dead.. So anyone who aims to revive it is welcome


Cheap deposits from govt agencies.While Equity is running away from salary loans and micro lending,Kcb will not do the same.Instead it will thrive on it as liquidity will not be a problem.
Towards the goal of financial freedom
Ericsson
#27 Posted : Monday, August 28, 2017 11:14:32 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,626
Location: NAIROBI
KCB Group scraps transaction charges for consumers paying bills from their bank accounts to an M-Pesa paybill number

https://www.the-star.co....-m-pesa-paybill_c1624285
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
kawi254
#28 Posted : Monday, August 28, 2017 4:46:53 PM
Rank: Member


Joined: 2/20/2015
Posts: 464
Location: Nairobi
[quote=Ericsson]KCB Group scraps transaction charges for consumers paying bills from their bank accounts to an M-Pesa paybill number

https://www.the-star.co....m-pesa-paybill_c1624285[/quote]


Looks like this is a counter move to the free bill payment on Equitel. Not sure if KCB is helping Safaricom fight Equitel or Safaricom helping KCB fight EQUITY.
sparkly
#29 Posted : Monday, August 28, 2017 5:03:03 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
kawi254 wrote:
[quote=Ericsson]KCB Group scraps transaction charges for consumers paying bills from their bank accounts to an M-Pesa paybill number

https://www.the-star.co....m-pesa-paybill_c1624285[/quote]


Looks like this is a counter move to the free bill payment on Equitel. Not sure if KCB is helping Safaricom fight Equitel or Safaricom helping KCB fight EQUITY.


These banks complain about rate caps then they throw away transaction revenues and fire people SMH
Life is short. Live passionately.
obiero
#30 Posted : Monday, August 28, 2017 6:14:25 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,463
Location: nairobi
sparkly wrote:
kawi254 wrote:
[quote=Ericsson]KCB Group scraps transaction charges for consumers paying bills from their bank accounts to an M-Pesa paybill number

https://www.the-star.co....m-pesa-paybill_c1624285[/quote]


Looks like this is a counter move to the free bill payment on Equitel. Not sure if KCB is helping Safaricom fight Equitel or Safaricom helping KCB fight EQUITY.


These banks complain about rate caps then they throw away transaction revenues and fire people SMH

KCB helping Safaricom

HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
Pesa Nane
#31 Posted : Monday, September 11, 2017 5:03:28 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
shobiz
#32 Posted : Tuesday, September 12, 2017 1:20:01 AM
Rank: Member


Joined: 3/5/2008
Posts: 34
Location: Nairobi
obiero wrote:
sparkly wrote:
kawi254 wrote:
[quote=Ericsson]KCB Group scraps transaction charges for consumers paying bills from their bank accounts to an M-Pesa paybill number

https://www.the-star.co....m-pesa-paybill_c1624285[/quote]


Looks like this is a counter move to the free bill payment on Equitel. Not sure if KCB is helping Safaricom fight Equitel or Safaricom helping KCB fight EQUITY.


These banks complain about rate caps then they throw away transaction revenues and fire people SMH

KCB helping Safaricom


These two are in a symbiotic relationship. Take an example where SCOM appointed KCB as a trust account holder for MPESA float. The other bank that has this priviledge is CBA. Going forward, we should expect more partnerships between these two.
obiero
#33 Posted : Tuesday, September 12, 2017 8:48:15 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,463
Location: nairobi
shobiz wrote:
obiero wrote:
sparkly wrote:
kawi254 wrote:
[quote=Ericsson]KCB Group scraps transaction charges for consumers paying bills from their bank accounts to an M-Pesa paybill number

https://www.the-star.co....m-pesa-paybill_c1624285[/quote]


Looks like this is a counter move to the free bill payment on Equitel. Not sure if KCB is helping Safaricom fight Equitel or Safaricom helping KCB fight EQUITY.


These banks complain about rate caps then they throw away transaction revenues and fire people SMH

KCB helping Safaricom


These two are in a symbiotic relationship. Take an example where SCOM appointed KCB as a trust account holder for MPESA float. The other bank that has this priviledge is CBA. Going forward, we should expect more partnerships between these two.

True

HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
Ericsson
#34 Posted : Tuesday, September 12, 2017 11:47:09 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,626
Location: NAIROBI
Cytonn has been accumulating sakes in here and are now 14th largest shareholder in KCB and are still continuing with accumulation
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
bartum
#35 Posted : Tuesday, September 12, 2017 11:58:13 AM
Rank: Veteran


Joined: 8/11/2010
Posts: 1,011
Location: nairobi
Ericsson wrote:
Cytonn has been accumulating sakes in here and are now 14th largest shareholder in KCB and are still continuing with accumulation

who are the shareholders of cyton
Ebenyo
#36 Posted : Tuesday, September 12, 2017 6:15:46 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,996
Location: Kitale
bartum wrote:
Ericsson wrote:
Cytonn has been accumulating sakes in here and are now 14th largest shareholder in KCB and are still continuing with accumulation

who are the shareholders of cyton



This cyton thing sounds more of a pyramid scheme or ponzi scheme.They seem to struggle with identity crisis.Having such partners points to some interesting times ahead.Remember this guy who fleeced some people in Mauritannia and put the money in Britam? shareholders got some entry points,but Peter Munga was the major beneficiary indeed.
Towards the goal of financial freedom
obiero
#37 Posted : Tuesday, September 12, 2017 7:41:02 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,463
Location: nairobi
Ericsson wrote:
Cytonn has been accumulating sakes in here and are now 14th largest shareholder in KCB and are still continuing with accumulation

Weka link mkubwa

HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
Ericsson
#38 Posted : Tuesday, September 12, 2017 10:15:10 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,626
Location: NAIROBI
What exactly does Cytonn do as an alternative asset manager; what are the services your company offers, and why should investors put money with you?

We raise money from our clients and deploy in high returning investments, primarily real estate. But we are also growing our quoted private equity business, this is where we invest in companies that is our view are undervalued. That is how we have accumulated a stake and are now the 14th largest shareholder in KCB Group.


https://www.forbes.com/s...ent-firm/2/#651f64fc586b
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
heri
#39 Posted : Wednesday, September 13, 2017 10:10:04 PM
Rank: Member


Joined: 9/14/2011
Posts: 834
Location: nairobi
For the banks that operate in war torn countries like south Sudan how high is the risk of being accused of supporting militias since warlords have bank accounts in those banks

heri
#40 Posted : Wednesday, September 13, 2017 10:15:47 PM
Rank: Member


Joined: 9/14/2011
Posts: 834
Location: nairobi
Kenyans hold Sh240bn of unserviced loans


Loan default rate in Kenya has increased by 200 per cent from Sh120 billion to Sh240 billion in the last two years, a new report indicates.

According to the Kenya Bankers Association quarter two Economic Bulletin of 2017, the increase is from the first quarter of 2015 to the second quarter of 2017 ending June 30, 2017.

The report attributed the increase in the gross non-performing loans to challenges in the business environment that led to cash flow constraints for borrowers.

It also pointed out the drought experienced in quarter one of 2017 to have affected the agri-business enterprises thus the likelihood of such businesses being negatively affected.

The ratio of gross non-performing loans to gross loans increased by 3.17 per cent between quarter one of 2017 and the second quarter of 2017.

This is down from the 6.43 per cent rise between quarter four of 2016 and quarter one of 2017.

“Most listed companies have recorded very negative returns since late 2015, this is because they have been taking loans not for investment purposes but for operational expenses, this has adversely affected loan performance,” Kenya Banker Association director of research and policy Jared Osoro said.
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