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25 Pages«<232425
KCB 2018 and Beyond
shocks
#481 Posted : Saturday, November 16, 2019 12:07:20 AM
Rank: Member


Joined: 3/15/2009
Posts: 343
Ebenyo wrote:
Kingotore wrote:
When is the interim divided been paid?



15th Nov 2019

Received, nimekunywa kitu already
Ericsson
#482 Posted : Saturday, November 16, 2019 7:29:06 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,718
Location: NAIROBI
obiero
#483 Posted : Saturday, November 16, 2019 1:57:07 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,409
Location: nairobi
Ericsson wrote:
https://www.businessdailyafrica.com/corporate/companies/Russo-NBK-huge-bad-loans-pile/4003102-5349626-ld1b60z/index.html

Promising
COOP 5,500 ABP12.6; HF 2,000 ABP 5.90; KCB 7,500 ABP 36; KNRE 100,000 ABP 2.90; KQ 392,100 ABP 8.32
Ericsson
#484 Posted : Monday, November 18, 2019 11:57:42 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,718
Location: NAIROBI
obiero wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/corporate/companies/Russo-NBK-huge-bad-loans-pile/4003102-5349626-ld1b60z/index.html

Promising



Will KCB do a rights issue to recapitalise NBK now that integration of NBK into KCB Bank kenya have been put on hold plus funds needed to enter Ethiopia.
Change of law to allow foreign banking entities to do commercial operations is expected to be done within two years.
heri
#485 Posted : Tuesday, November 19, 2019 6:18:01 PM
Rank: Member


Joined: 9/14/2011
Posts: 697
Location: nairobi
Is KCB/NBK going to be significantly impacted by the Treasury's move to have parastatals surrender money they are holding?
Ericsson
#486 Posted : Tuesday, November 19, 2019 7:51:21 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,718
Location: NAIROBI
heri wrote:
Is KCB/NBK going to be significantly impacted by the Treasury's move to have parastatals surrender money they are holding?


None is a parastatal.
heri
#487 Posted : Wednesday, November 20, 2019 8:17:23 AM
Rank: Member


Joined: 9/14/2011
Posts: 697
Location: nairobi
Ericsson wrote:
heri wrote:
Is KCB/NBK going to be significantly impacted by the Treasury's move to have parastatals surrender money they are holding?


None is a parastatal.


Ofcourse, but don't they hold most of the cash in parastatals? which will move out
Ericsson
#488 Posted : Wednesday, November 20, 2019 1:13:34 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,718
Location: NAIROBI
https://www.businessdail...55562-bifi8u/index.html

The National Bank of Kenya (NBK) has announced mass property auctions in a fresh bid to recover Sh22 billion owed by 30 borrowers.

The bank said it has hired top lawyers to pursue the outstanding loans, marking its first step in reducing non-performing loans (NPLs) just weeks after KCB Group sealed the purchase of NBK in a share swap deal.

The defaulted loans are equivalent to 68.7 percent of the Sh32 billion gross non-performing loans on NBK books as at the end of September.

Paul Russo, the NBK managing director who was tapped from KCB to oversee the integration, said the bank will hire “hardcore lawyers” to pursue intentional defaulters and clean up the loan mess that was brought by weak oversight.
Angelica _ann
#489 Posted : Wednesday, November 20, 2019 2:57:24 PM
Rank: Elder


Joined: 12/7/2012
Posts: 10,976
Del. smile
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Ericsson
#490 Posted : Wednesday, November 20, 2019 6:27:43 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,718
Location: NAIROBI
cyruskulei wrote:
heri wrote:
Will we get KCB at below 45 again this year?


It will touch 44 in Dec. Then Jan 2020 it will begin to rise to 60.


Today it touched below 50
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