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Potential merger NIC + CBA
mlennyma
#161 Posted : Tuesday, October 22, 2019 11:30:34 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,034
Location: nairobi
Share excited,by cap repeal?
"Don't let the fear of losing be greater than the excitement of winning."
Ericsson
#162 Posted : Tuesday, October 22, 2019 11:32:03 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,402
Location: NAIROBI
mlennyma wrote:
Share excited,by cap repeal?

cap repeal by the owner
sparkly
#163 Posted : Wednesday, October 23, 2019 10:44:05 AM
Rank: Elder


Joined: 9/23/2009
Posts: 7,733
Location: Enk are Nyirobi
Life is short. Live passionately.
Ericsson
#164 Posted : Friday, November 22, 2019 1:50:27 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,402
Location: NAIROBI
The bank group named Former NIC Chairman, James Ndegwa, as the Group Chairman. On the other hand, Isaac Awuondo will lead NCBA Bank Kenya as the chairman.Former CBA chairman, Desterio Oyatsi, will deputize James Ndegwa whereas John Gachora will hold the Group’s MD office.
Additionally, a letter from the company secretary reveals the following members of the Group’s new board:
John S. Armitage – Non-executive Director.
George A Maina – Non-executive Director.
Hon. Abdirahin Abdi – Non-executive Director.
Andrew Ndegwa – Non-executive Director.
Esther Ngaine – Non-executive Director.
Mukeshchandra K. R Shah – Non-executive Director.
Philip Lopokoiyot – Non-executive Director.
Isaac Awuondo – Non-executive Director.
David Abwoga – Executive Director.
Jeremy Ngunze – Executive Director.
Consequently, other members of the NCBA Bank Kenyan PLC board include:
John S. Armitage – Non-executive Director.
Andrew S.M Ndegwa – Non-executive Director.
Hon. Abdirahin H Abdi – Non-executive Director.
Esther Ngaine – Non-executive Director.
Mukeshchandra K. R Shah – Non-executive Director.
Kairo Thuo – Non-executive Director.
Nelson J.M Maina – Non-executive Director.
Jonathan Somen – Non-executive Director.
The who is who in Kenya
VituVingiSana
#165 Posted : Friday, November 22, 2019 7:03:16 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,019
Location: Nairobi
Ericsson wrote:
The bank group named Former NIC Chairman, James Ndegwa, as the Group Chairman. On the other hand, Isaac Awuondo will lead NCBA Bank Kenya as the chairman.Former CBA chairman, Desterio Oyatsi, will deputize James Ndegwa whereas John Gachora will hold the Group’s MD office.
Additionally, a letter from the company secretary reveals the following members of the Group’s new board:
John S. Armitage – Non-executive Director.
George A Maina – Non-executive Director.
Hon. Abdirahin Abdi – Non-executive Director.
Andrew Ndegwa – Non-executive Director.
Esther Ngaine – Non-executive Director.
Mukeshchandra K. R Shah – Non-executive Director.
Philip Lopokoiyot – Non-executive Director.
Isaac Awuondo – Non-executive Director.
David Abwoga – Executive Director.
Jeremy Ngunze – Executive Director.
Consequently, other members of the NCBA Bank Kenyan PLC board include:
John S. Armitage – Non-executive Director.
Andrew S.M Ndegwa – Non-executive Director.
Hon. Abdirahin H Abdi – Non-executive Director.
Esther Ngaine – Non-executive Director.
Mukeshchandra K. R Shah – Non-executive Director.
Kairo Thuo – Non-executive Director.
Nelson J.M Maina – Non-executive Director.
Jonathan Somen – Non-executive Director.
The who is who in Kenya

Who are most of these people?
Except for a few eg Ndegwa Bros, I do not know most of them.
Some are familiar names eg
MKR Shah (Carbacid)
Somen (Access)
Lopokoiyot (ex-BAT?)
Awuondo, Abwoga, Ngunze, Gachora (NIC/CBA)
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Angelica _ann
#166 Posted : Friday, November 22, 2019 7:51:01 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,486
VituVingiSana wrote:
Ericsson wrote:
The bank group named Former NIC Chairman, James Ndegwa, as the Group Chairman. On the other hand, Isaac Awuondo will lead NCBA Bank Kenya as the chairman.Former CBA chairman, Desterio Oyatsi, will deputize James Ndegwa whereas John Gachora will hold the Group’s MD office.
Additionally, a letter from the company secretary reveals the following members of the Group’s new board:
John S. Armitage – Non-executive Director.
George A Maina – Non-executive Director.
Hon. Abdirahin Abdi – Non-executive Director.
Andrew Ndegwa – Non-executive Director.
Esther Ngaine – Non-executive Director.
Mukeshchandra K. R Shah – Non-executive Director.
Philip Lopokoiyot – Non-executive Director.
Isaac Awuondo – Non-executive Director.
David Abwoga – Executive Director.
Jeremy Ngunze – Executive Director.
Consequently, other members of the NCBA Bank Kenyan PLC board include:
John S. Armitage – Non-executive Director.
Andrew S.M Ndegwa – Non-executive Director.
Hon. Abdirahin H Abdi – Non-executive Director.
Esther Ngaine – Non-executive Director.
Mukeshchandra K. R Shah – Non-executive Director.
Kairo Thuo – Non-executive Director.
Nelson J.M Maina – Non-executive Director.
Jonathan Somen – Non-executive Director.
The who is who in Kenya

Who are most of these people?
Except for a few eg Ndegwa Bros, I do not know most of them.
Some are familiar names eg
MKR Shah (Carbacid)
Somen (Access)
Lopokoiyot (ex-BAT?)
Awuondo, Abwoga, Ngunze, Gachora (NIC/CBA)


Ngaine & Abwoga are Citibank Products. Of course plus Andrewsmile
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
passiveinvestor
#167 Posted : Tuesday, November 26, 2019 8:13:18 AM
Rank: Member


Joined: 12/8/2006
Posts: 103
Angelica _ann wrote:
VituVingiSana wrote:
Ericsson wrote:
The bank group named Former NIC Chairman, James Ndegwa, as the Group Chairman. On the other hand, Isaac Awuondo will lead NCBA Bank Kenya as the chairman.Former CBA chairman, Desterio Oyatsi, will deputize James Ndegwa whereas John Gachora will hold the Group’s MD office.
Additionally, a letter from the company secretary reveals the following members of the Group’s new board:
John S. Armitage – Non-executive Director.
George A Maina – Non-executive Director.
Hon. Abdirahin Abdi – Non-executive Director.
Andrew Ndegwa – Non-executive Director.
Esther Ngaine – Non-executive Director.
Mukeshchandra K. R Shah – Non-executive Director.
Philip Lopokoiyot – Non-executive Director.
Isaac Awuondo – Non-executive Director.
David Abwoga – Executive Director.
Jeremy Ngunze – Executive Director.
Consequently, other members of the NCBA Bank Kenyan PLC board include:
John S. Armitage – Non-executive Director.
Andrew S.M Ndegwa – Non-executive Director.
Hon. Abdirahin H Abdi – Non-executive Director.
Esther Ngaine – Non-executive Director.
Mukeshchandra K. R Shah – Non-executive Director.
Kairo Thuo – Non-executive Director.
Nelson J.M Maina – Non-executive Director.
Jonathan Somen – Non-executive Director.
The who is who in Kenya

Who are most of these people?
Except for a few eg Ndegwa Bros, I do not know most of them.
Some are familiar names eg
MKR Shah (Carbacid)
Somen (Access)
Lopokoiyot (ex-BAT?)
Awuondo, Abwoga, Ngunze, Gachora (NIC/CBA)


Ngaine & Abwoga are Citibank Products. Of course plus Andrewsmile

Andrew?
Angelica _ann
#168 Posted : Tuesday, November 26, 2019 10:07:36 AM
Rank: Elder


Joined: 12/7/2012
Posts: 11,486
passiveinvestor wrote:
Angelica _ann wrote:
VituVingiSana wrote:
Ericsson wrote:
The bank group named Former NIC Chairman, James Ndegwa, as the Group Chairman. On the other hand, Isaac Awuondo will lead NCBA Bank Kenya as the chairman.Former CBA chairman, Desterio Oyatsi, will deputize James Ndegwa whereas John Gachora will hold the Group’s MD office.
Additionally, a letter from the company secretary reveals the following members of the Group’s new board:
John S. Armitage – Non-executive Director.
George A Maina – Non-executive Director.
Hon. Abdirahin Abdi – Non-executive Director.
Andrew Ndegwa – Non-executive Director.
Esther Ngaine – Non-executive Director.
Mukeshchandra K. R Shah – Non-executive Director.
Philip Lopokoiyot – Non-executive Director.
Isaac Awuondo – Non-executive Director.
David Abwoga – Executive Director.
Jeremy Ngunze – Executive Director.
Consequently, other members of the NCBA Bank Kenyan PLC board include:
John S. Armitage – Non-executive Director.
Andrew S.M Ndegwa – Non-executive Director.
Hon. Abdirahin H Abdi – Non-executive Director.
Esther Ngaine – Non-executive Director.
Mukeshchandra K. R Shah – Non-executive Director.
Kairo Thuo – Non-executive Director.
Nelson J.M Maina – Non-executive Director.
Jonathan Somen – Non-executive Director.
The who is who in Kenya

Who are most of these people?
Except for a few eg Ndegwa Bros, I do not know most of them.
Some are familiar names eg
MKR Shah (Carbacid)
Somen (Access)
Lopokoiyot (ex-BAT?)
Awuondo, Abwoga, Ngunze, Gachora (NIC/CBA)


Ngaine & Abwoga are Citibank Products. Of course plus Andrewsmile

Andrew?


Yes Andrew Ndegwa, when misee/musee was CBK Governor.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
sparkly
#169 Posted : Wednesday, November 27, 2019 10:50:22 AM
Rank: Elder


Joined: 9/23/2009
Posts: 7,733
Location: Enk are Nyirobi
xtina
#170 Posted : Tuesday, December 24, 2019 8:36:53 AM
Rank: Member


Joined: 6/26/2008
Posts: 329
NCBA adds branches in expansion drive


NCBA Group will open at least 10 new branches in Kenya next year as it sets eyes on expanding lending to small and medium-sized businesses.

The lender will set up the new branches in Nairobi and Mombasa where it already has a presence and in four other counties, which it will be entering for the first time.

This will raise its branch network to 95, spread across 21 counties.

The lender, which emerged from the combination of the former NIC Group and CBA Group, currently has 85 physical branches in 17 counties.

Group Managing director John Gachora said the branches will be smaller in size and serve more as sales centres as opposed to full service centres.

“You will see activities as early as next year.

“By end of 2020 we want to have entered four more counties and added at least 10 branches,” Mr Gachora told the Business Daily in an interview.

He explained that despite the industry’s increased focus on digital as opposed to physical branches, market surveys show that physical branches still dictate customer decisions on where to bank.

“We will make sure the branches we open are not the traditional heavy duty branches but economical ones. Expect small and very affordable branches running with fewer employees,” said Mr Gachora.

He expects that this would help the bank to expand without having to incur huge operational costs. Mr Gachora estimates that the new model would see the upcoming branches run at about a third the cost of traditional outlets.

The merger has left the new outfit with branch overlaps in places such as Thika Road Mall and Junction Mall while, in some instances, the branches face each other across the streets.

Mr Gachora said these would be merged but added that the strategy is to open one or two new ones in strategic locations for each closed branch.


Ericsson
#171 Posted : Thursday, December 26, 2019 9:33:37 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,402
Location: NAIROBI
xtina wrote:
NCBA adds branches in expansion drive


NCBA Group will open at least 10 new branches in Kenya next year as it sets eyes on expanding lending to small and medium-sized businesses.

The lender will set up the new branches in Nairobi and Mombasa where it already has a presence and in four other counties, which it will be entering for the first time.

This will raise its branch network to 95, spread across 21 counties.

The lender, which emerged from the combination of the former NIC Group and CBA Group, currently has 85 physical branches in 17 counties.

Group Managing director John Gachora said the branches will be smaller in size and serve more as sales centres as opposed to full service centres.

“You will see activities as early as next year.

“By end of 2020 we want to have entered four more counties and added at least 10 branches,” Mr Gachora told the Business Daily in an interview.

He explained that despite the industry’s increased focus on digital as opposed to physical branches, market surveys show that physical branches still dictate customer decisions on where to bank.

“We will make sure the branches we open are not the traditional heavy duty branches but economical ones. Expect small and very affordable branches running with fewer employees,” said Mr Gachora.

He expects that this would help the bank to expand without having to incur huge operational costs. Mr Gachora estimates that the new model would see the upcoming branches run at about a third the cost of traditional outlets.

The merger has left the new outfit with branch overlaps in places such as Thika Road Mall and Junction Mall while, in some instances, the branches face each other across the streets.

Mr Gachora said these would be merged but added that the strategy is to open one or two new ones in strategic locations for each closed branch.



NCBA is out to fight mkt share from equity bank
VituVingiSana
#172 Posted : Thursday, December 26, 2019 11:58:34 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,019
Location: Nairobi
Ericsson wrote:
xtina wrote:
NCBA adds branches in expansion drive


NCBA Group will open at least 10 new branches in Kenya next year as it sets eyes on expanding lending to small and medium-sized businesses.

The lender will set up the new branches in Nairobi and Mombasa where it already has a presence and in four other counties, which it will be entering for the first time.

This will raise its branch network to 95, spread across 21 counties.

The lender, which emerged from the combination of the former NIC Group and CBA Group, currently has 85 physical branches in 17 counties.

Group Managing director John Gachora said the branches will be smaller in size and serve more as sales centres as opposed to full service centres.

“You will see activities as early as next year.

“By end of 2020 we want to have entered four more counties and added at least 10 branches,” Mr Gachora told the Business Daily in an interview.

He explained that despite the industry’s increased focus on digital as opposed to physical branches, market surveys show that physical branches still dictate customer decisions on where to bank.

“We will make sure the branches we open are not the traditional heavy duty branches but economical ones. Expect small and very affordable branches running with fewer employees,” said Mr Gachora.

He expects that this would help the bank to expand without having to incur huge operational costs. Mr Gachora estimates that the new model would see the upcoming branches run at about a third the cost of traditional outlets.

The merger has left the new outfit with branch overlaps in places such as Thika Road Mall and Junction Mall while, in some instances, the branches face each other across the streets.

Mr Gachora said these would be merged but added that the strategy is to open one or two new ones in strategic locations for each closed branch.



NCBA is out to fight mkt share from equity bank
Gachora is not JM. The latter has a significant equity stake. Gachora's pay was 3x JM's in a year when NIC did worse than the prior year.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#173 Posted : Thursday, December 26, 2019 3:58:05 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,698
Location: nairobi
xtina wrote:
NCBA adds branches in expansion drive


NCBA Group will open at least 10 new branches in Kenya next year as it sets eyes on expanding lending to small and medium-sized businesses.

The lender will set up the new branches in Nairobi and Mombasa where it already has a presence and in four other counties, which it will be entering for the first time.

This will raise its branch network to 95, spread across 21 counties.

The lender, which emerged from the combination of the former NIC Group and CBA Group, currently has 85 physical branches in 17 counties.

Group Managing director John Gachora said the branches will be smaller in size and serve more as sales centres as opposed to full service centres.

“You will see activities as early as next year.

“By end of 2020 we want to have entered four more counties and added at least 10 branches,” Mr Gachora told the Business Daily in an interview.

He explained that despite the industry’s increased focus on digital as opposed to physical branches, market surveys show that physical branches still dictate customer decisions on where to bank.

“We will make sure the branches we open are not the traditional heavy duty branches but economical ones. Expect small and very affordable branches running with fewer employees,” said Mr Gachora.

He expects that this would help the bank to expand without having to incur huge operational costs. Mr Gachora estimates that the new model would see the upcoming branches run at about a third the cost of traditional outlets.

The merger has left the new outfit with branch overlaps in places such as Thika Road Mall and Junction Mall while, in some instances, the branches face each other across the streets.

Mr Gachora said these would be merged but added that the strategy is to open one or two new ones in strategic locations for each closed branch.



Bold move
www.winda.co.ke
Ebenyo
#174 Posted : Thursday, December 26, 2019 8:12:04 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,821
Location: Kitale
[quote=obiero][quote=xtina]NCBA adds branches in expansion drive


NCBA Group will open at least 10 new branches in Kenya next year as it sets eyes on expanding lending to small and medium-sized businesses.

The lender will set up the new branches in Nairobi and Mombasa where it already has a presence and in four other counties, which it will be entering for the first time.

This will raise its branch network to 95, spread across 21 counties.

The lender, which emerged from the combination of the former NIC Group and CBA Group, currently has 85 physical branches in 17 counties.

Group Managing director John Gachora said the branches will be smaller in size and serve more as sales centres as opposed to full service centres.

“You will see activities as early as next year.

“By end of 2020 we want to have entered four more counties and added at least 10 branches,” Mr Gachora told the Business Daily in an interview.

He explained that despite the industry’s increased focus on digital as opposed to physical branches, market surveys show that physical branches still dictate customer decisions on where to bank.

“We will make sure the branches we open are not the traditional heavy duty branches but economical ones. Expect small and very affordable branches running with fewer employees,” said Mr Gachora.

He expects that this would help the bank to expand without having to incur huge operational costs. Mr Gachora estimates that the new model would see the upcoming branches run at about a third the cost of traditional outlets.

The merger has left the new outfit with branch overlaps in places such as Thika Road Mall and Junction Mall while, in some instances, the branches face each other across the streets.

Mr Gachora said these would be merged but added that the strategy is to open one or two new ones in strategic locations for each closed branch.



Banking is moving from bricks and mortar.
They should have tried to build on mshwari and loop.
Towards the goal of financial freedom
Angelica _ann
#175 Posted : Thursday, December 26, 2019 8:12:50 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,486
obiero wrote:
xtina wrote:
NCBA adds branches in expansion drive


NCBA Group will open at least 10 new branches in Kenya next year as it sets eyes on expanding lending to small and medium-sized businesses.

The lender will set up the new branches in Nairobi and Mombasa where it already has a presence and in four other counties, which it will be entering for the first time.

This will raise its branch network to 95, spread across 21 counties.

The lender, which emerged from the combination of the former NIC Group and CBA Group, currently has 85 physical branches in 17 counties.

Group Managing director John Gachora said the branches will be smaller in size and serve more as sales centres as opposed to full service centres.

“You will see activities as early as next year.

“By end of 2020 we want to have entered four more counties and added at least 10 branches,” Mr Gachora told the Business Daily in an interview.

He explained that despite the industry’s increased focus on digital as opposed to physical branches, market surveys show that physical branches still dictate customer decisions on where to bank.

“We will make sure the branches we open are not the traditional heavy duty branches but economical ones. Expect small and very affordable branches running with fewer employees,” said Mr Gachora.

He expects that this would help the bank to expand without having to incur huge operational costs. Mr Gachora estimates that the new model would see the upcoming branches run at about a third the cost of traditional outlets.

The merger has left the new outfit with branch overlaps in places such as Thika Road Mall and Junction Mall while, in some instances, the branches face each other across the streets.

Mr Gachora said these would be merged but added that the strategy is to open one or two new ones in strategic locations for each closed branch.



Bold move


Brick & morter, more money is made in alternative channels!!!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
watesh
#176 Posted : Saturday, December 28, 2019 11:10:52 AM
Rank: Member


Joined: 8/10/2014
Posts: 810
Location: Kenya
Angelica _ann wrote:
obiero wrote:
xtina wrote:
NCBA adds branches in expansion drive


NCBA Group will open at least 10 new branches in Kenya next year as it sets eyes on expanding lending to small and medium-sized businesses.

The lender will set up the new branches in Nairobi and Mombasa where it already has a presence and in four other counties, which it will be entering for the first time.

This will raise its branch network to 95, spread across 21 counties.

The lender, which emerged from the combination of the former NIC Group and CBA Group, currently has 85 physical branches in 17 counties.

Group Managing director John Gachora said the branches will be smaller in size and serve more as sales centres as opposed to full service centres.

“You will see activities as early as next year.

“By end of 2020 we want to have entered four more counties and added at least 10 branches,” Mr Gachora told the Business Daily in an interview.

He explained that despite the industry’s increased focus on digital as opposed to physical branches, market surveys show that physical branches still dictate customer decisions on where to bank.

“We will make sure the branches we open are not the traditional heavy duty branches but economical ones. Expect small and very affordable branches running with fewer employees,” said Mr Gachora.

He expects that this would help the bank to expand without having to incur huge operational costs. Mr Gachora estimates that the new model would see the upcoming branches run at about a third the cost of traditional outlets.

The merger has left the new outfit with branch overlaps in places such as Thika Road Mall and Junction Mall while, in some instances, the branches face each other across the streets.

Mr Gachora said these would be merged but added that the strategy is to open one or two new ones in strategic locations for each closed branch.



Bold move


Brick & morter, more money is made in alternative channels!!!


I think in banking brick & mortar aids in attracting the new customer, alternative channels locks in the customer to keep using the bank. Most customers don't want to go to the bank to do a transaction but will open an account and do business with a bank they have easy access to should any issue arise that they may need to speak to someone physically. Small strategic cost-efficient branches make sense
maka
#177 Posted : Monday, December 30, 2019 5:35:43 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,340
Location: Nairobi
I don't know if anyone of you banks with NCBA... Post merger the services have been horrendous... Nothing seems to work efficiently.
possunt quia posse videntur
xtina
#178 Posted : Monday, December 30, 2019 7:46:53 AM
Rank: Member


Joined: 6/26/2008
Posts: 329
maka wrote:
I don't know if anyone of you banks with NCBA... Post merger the services have been horrendous... Nothing seems to work efficiently.


Growing pains, I would imagine. This was expected as VVS intimated in an earlier post but eventually they should be fine.


sparkly wrote:
Sober wrote:
From the presentation done by the MD on the NIC-CBaa Merger, the shareholders will give it a nod.


As shareholders, we gave it a nod a long time ago.
The price rallied for a moment above 40 but has now dropped to 36.

There will probably be a huge charge to earnings for 2019 and maybe 2020 for restructuring, re-branding, staff reductions, ex-gratia payments, re-training, etc.

The gains will likely come from 2021 onwards.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
maka
#179 Posted : Monday, December 30, 2019 8:18:48 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,340
Location: Nairobi
xtina wrote:
maka wrote:
I don't know if anyone of you banks with NCBA... Post merger the services have been horrendous... Nothing seems to work efficiently.


Growing pains, I would imagine. This was expected as VVS intimated in an earlier post but eventually they should be fine.


sparkly wrote:
Sober wrote:
From the presentation done by the MD on the NIC-CBaa Merger, the shareholders will give it a nod.


As shareholders, we gave it a nod a long time ago.
The price rallied for a moment above 40 but has now dropped to 36.

There will probably be a huge charge to earnings for 2019 and maybe 2020 for restructuring, re-branding, staff reductions, ex-gratia payments, re-training, etc.

The gains will likely come from 2021 onwards.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett



Well I have banked with them for 8 years now I think it's time to get to move to another bank... Let me try DTB or I&M.
possunt quia posse videntur
Balaa
#180 Posted : Monday, January 06, 2020 12:48:33 PM
Rank: Member


Joined: 7/6/2018
Posts: 125
Location: Kinshasa
Their (nic securities) online share trading platform has been screwed up since the merger. For example, it has not worked optimally since the two institutions merged. Management issues apologies continually and they are never short of excuses! So useless...
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