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Equity Group HY 2018
Rank: Member Joined: 5/2/2018 Posts: 267
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Equity Group's PAT for half-year to June 30th up 17% to Sh11bn, as loan loss provisions reduced 57.8% to Sh0.8bn from Sh1.9bn in HY 2017.
The lender's capital adequacy ratios dipped, with Core Capital/Risk Weighted Assets at 18.3% vs 19.6% in HY 2017, and Total Capital/Risk Weighted Assets at 18.4% vs 20.4% in HY 2017.
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Rank: Member Joined: 8/19/2015 Posts: 124
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Equity fails to declare interim dividends!!!
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Rank: Member Joined: 3/20/2008 Posts: 503
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Sir invest wrote:Equity fails to declare interim dividends!!!  This statement is very funny considering Equity's past interim dividend history.
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Rank: Elder Joined: 7/21/2010 Posts: 6,175 Location: nairobi
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Equity bank is third in market share after co operative bank occupies it's second place. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 1/3/2007 Posts: 18,049 Location: Nairobi
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Profits (ROE) not market share is more important. Equity chose to be prudent by reducing the exposure to loans vs gilts. When the time/conditions/rates are ripe, Equity can jump into lending. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,049 Location: Nairobi
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Go, Equity, Go! https://www.businessdail...34974-aofm9fz/index.htmlGreedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,636 Location: NAIROBI
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[quote=VituVingiSana]Go, Equity, Go! https://www.businessdail...4974-aofm9fz/index.html[/quote] Will the other banks especially tier 1 and 2 subscribe to Finserve. I don't think so. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/21/2010 Posts: 6,175 Location: nairobi
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[quote=VituVingiSana]Go, Equity, Go! https://www.businessdail...4974-aofm9fz/index.html[/quote] According to me the equity telco is so far a failure and has failed to target money transfer like the mpesa model "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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Equity profits will be higher than KCBs in 5years time if all things remain even
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Rank: Elder Joined: 12/4/2009 Posts: 10,636 Location: NAIROBI
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Horton wrote:Equity profits will be higher than KCBs in 5years time if all things remain even @vvs said that 4 years and gave up when it didn't happen. He became content with the returns he is getting Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,049 Location: Nairobi
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Horton wrote:Ericsson wrote:Will the other banks especially tier 1 and 2 subscribe to Finserve. I don't think so. Equity profits will be higher than KCBs in 5years time if all things remain even  Finserve should target ex-Kenya (Nigeria, Uganda, etc) banks as well as small banks in Kenya to offer them a competitive platform. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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Kweli this bear is not sparing anyone. Sellers @ Sh.45 pushing to offload 
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Rank: Veteran Joined: 8/10/2014 Posts: 953 Location: Kenya
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Me too, they need to come up with a big consumer product, specifically that can be easily replicated in Tz, DRC, UG and Ethiopia
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Rank: Elder Joined: 12/4/2009 Posts: 10,636 Location: NAIROBI
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watesh wrote:Me too, they need to come up with a big consumer product, specifically that can be easily replicated in Tz, DRC, UG and Ethiopia Maybe arrogancy like the way James Mwangi spoke on 16% VAT on fuel Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 8/10/2014 Posts: 953 Location: Kenya
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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Ericsson wrote:watesh wrote:Me too, they need to come up with a big consumer product, specifically that can be easily replicated in Tz, DRC, UG and Ethiopia Maybe arrogancy like the way James Mwangi spoke on 16% VAT on fuel Stop being uncoath. Who was there to make the sacrifices this J.M Made while his empire was being sweated.He has a class and higher goals he believes in and that one of them is making a sacrifice for a better tomorrow. He did it before with his money and name and this time round he is being made to sacrifice twice, with caps and fuel vat, like he is forcing anybody to live or get a loan from anyone and neither the fueling of his guzzler has anything to do with bei ya unga ya wanjiku kupanda Bei. Yeye ukula pesa na makaratasi ya nylon ndio sababu ameiutambi na matako ya double double, nyeuthi! ,Behold, a sower went forth to sow;....
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Rank: Chief Joined: 1/3/2007 Posts: 18,049 Location: Nairobi
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Defending the VAT was not a good move by JM. The SGR (at KES 6bn after all the scams) is crazy expensive. And that doesn't even include electrification. JM knew what was happening. That level of debt should never have been taken. I like JM and what he has done at Equity but... he should not defend the indefensible and claim that the VAT to pay for white elephants is for the greater good. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,049 Location: Nairobi
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Mojaloop is competition for FinServe https://www.businessdail...745758-oc12ku/index.htmlGreedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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Chema chajiuza...Quote:Equity Bank has been listed among top 1000 banks in the word by the Banker Magazine at position 799 globally with $848 Million in Tier 1 capital and in 1st position among local banks.
The lender was also ranked number 11 on Return on Assets, 35th on soundness based on Capital Assets Ratio, 44th based on Profits on Capital globally while its ranking in Kenya was based on Return on Assets and Capital Assets Ratio and 14.63% increase in Tier 1 capital YOY.
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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rwitre wrote:Chema chajiuza...Quote:Equity Bank has been listed among top 1000 banks in the word by the Banker Magazine at position 799 globally with $848 Million in Tier 1 capital and in 1st position among local banks.
The lender was also ranked number 11 on Return on Assets, 35th on soundness based on Capital Assets Ratio, 44th based on Profits on Capital globally while its ranking in Kenya was based on Return on Assets and Capital Assets Ratio and 14.63% increase in Tier 1 capital YOY. KCB & Coop also on that list
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