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Equity Bank 2020
Ericsson
#101 Posted : Tuesday, March 16, 2021 1:27:54 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,785
Location: NAIROBI
https://www.businessdail...lending-to-smes-3323954

Equity Group has received Sh8.2 billion ($75 million) as a credit guarantee fund from pan-African financial institution, African Guarantee Fund in order to increase its lending to small businesses.
The fund brings the total credit flows aimed at supporting MSMEs to Sh52.5 billion.

The fund will help the bank reduce its loan provisions and conserve its balance sheets and boosts its profits. Equity is expecting to receive 125 million euros (Sh16.5 billion) loan facility signed two weeks ago with the European Investment Bank.

The bank also received a $100 million (Sh11 billion) credit facility from leading European Development Banks - DEG, FMO and CDC-UK.

In September, Equity Group signed a $50 million (Sh5.5 billion) loan facility with International Finance Corporation, and $100 million (Sh11 billion) from France’s development finance institution, Proparco in October.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
JoeNgugi
#102 Posted : Wednesday, March 17, 2021 7:02:38 PM
Rank: New-farer


Joined: 9/8/2018
Posts: 24
How do SMEs get these monies? What is the process or its still a loan with the same terms and conditions as other loans
Ericsson
#103 Posted : Monday, March 29, 2021 9:19:48 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,785
Location: NAIROBI
Ericsson wrote:
Ericsson wrote:
To get a good effect of COVID-19 on the financials
Q1--7bn
Q2--4.9bn

Q3--7.9bn

Nine months profit 19.7bn
Total Assets ksh.933bn

Q4--2.4bn
FY2020 Profit 22.2bn
Total Assets ksh.1.015 trillion

Restructure loan facilities worth KES 171 Billion [$ 1.55 Billion], or about 32% of the entire loan book in FY 2020.
KES 40 Billion of the restructured loans had normalized as of end December

https://www.nse.co.ke/ph...ar-ended-31-dec-2020.pdf
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#104 Posted : Monday, March 29, 2021 3:23:50 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,785
Location: NAIROBI
EQUITY REGIONAL SUBSIDIARIES PERFORMANCE
KES Billion
Tanzania
Customer Deposits----17.8
Loan Book------------15.2
Total Assets---------28.5
Profit Before Tax-----(0.4)

Uganda
Customer Deposits-----48.4
Loan Book-------------37.7
Total Assets----------61.8
Profit Before Tax------2.3

South Sudan
Customer Deposits------5.68
Loan Book--------------0.1
Total Assets-----------9.8
Profit Before Tax------1.1

Rwanda
Customer Deposits------27
Loan Book--------------21.3
Total Assets-----------38.8
Profit Before Tax------1.7

DRC
Customer Deposits------234
Loan Book--------------90.5
Total Assets-----------285.1
Profit Before Tax------1.6

KENYA
Customer Deposits------496.7
Loan Book--------------313.1
Total Assets-----------667.6
Profit Before Tax------14.2
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#105 Posted : Sunday, April 11, 2021 2:26:25 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,785
Location: NAIROBI
https://nation.africa/ke...sh234m-tax-claim-3357870
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
kmucheke
#106 Posted : Thursday, April 22, 2021 12:30:59 PM
Rank: Member


Joined: 3/16/2019
Posts: 254
Uhuru presides over the official inauguration of Equity BCDC office block in Central Kinshasa, DR Congo.

LINK

Ericsson
#107 Posted : Tuesday, May 18, 2021 1:21:28 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,785
Location: NAIROBI
https://www.businessdail...nda-subsidiaries-3403996
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#108 Posted : Tuesday, May 18, 2021 1:22:52 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,785
Location: NAIROBI
https://www.businessdail...congo-bank-stake-3402878
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#109 Posted : Wednesday, June 02, 2021 9:47:37 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,785
Location: NAIROBI
Britam sold 20 million Equity bank shares in the course of 2020.
It's stake now reduced to a new low of 6.77%.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#110 Posted : Tuesday, June 08, 2021 11:20:18 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,785
Location: NAIROBI
https://www.businessdail...ty-afia-clinics-3429398

Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#111 Posted : Saturday, June 19, 2021 12:31:15 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,785
Location: NAIROBI
https://kenyanwallstreet...ive-50-million-ifc-loan/
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
mlennyma
#112 Posted : Friday, June 25, 2021 10:28:32 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,109
Location: nairobi
47 prints
"Don't let the fear of losing be greater than the excitement of winning."
Ericsson
#113 Posted : Saturday, June 26, 2021 9:14:02 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,785
Location: NAIROBI
Equity group to resume dividend payment in 2022.
This was said by the CEO during the AGM yesterday.
Shareholders should prepare for another dividend drought in FY2021,third year in a row
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
mlennyma
#114 Posted : Saturday, June 26, 2021 10:30:43 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,109
Location: nairobi
Ericsson wrote:
Equity group to resume dividend payment in 2022.
This was said by the CEO during the AGM yesterday.
Shareholders should prepare for another dividend drought in FY2021,third year in a row

the guy is mean, cash dividend is not the only tool to reward shareholders
"Don't let the fear of losing be greater than the excitement of winning."
Ericsson
#115 Posted : Saturday, June 26, 2021 11:10:34 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,785
Location: NAIROBI
mlennyma wrote:
47 prints


Opportunity for Britam to sell some of its holdings and book a gain.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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