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Equity Group HY 2018
Superprime1
#1 Posted : Thursday, August 16, 2018 10:41:44 AM
Rank: Member


Joined: 5/2/2018
Posts: 119
Location: Kinungi
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.
Sir invest
#2 Posted : Thursday, August 16, 2018 10:58:45 AM
Rank: New-farer


Joined: 8/19/2015
Posts: 86
Equity fails to declare interim dividends!!!
xxxxx
#3 Posted : Thursday, August 16, 2018 11:03:01 AM
Rank: Member


Joined: 3/20/2008
Posts: 360
Sir invest wrote:
Equity fails to declare interim dividends!!!


Laughing out loudly Laughing out loudly Laughing out loudly This statement is very funny considering Equity's past interim dividend history.
mlennyma
#4 Posted : Thursday, August 23, 2018 12:51:25 PM
Rank: Elder


Joined: 7/21/2010
Posts: 5,880
Location: nairobi
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."
VituVingiSana
#5 Posted : Thursday, August 23, 2018 1:21:02 PM
Rank: Chief


Joined: 1/3/2007
Posts: 15,099
Location: Nairobi
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
VituVingiSana
#6 Posted : Thursday, August 30, 2018 9:31:12 AM
Rank: Chief


Joined: 1/3/2007
Posts: 15,099
Location: Nairobi
Go, Equity, Go!
https://www.businessdail...34974-aofm9fz/index.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#7 Posted : Thursday, August 30, 2018 10:09:26 AM
Rank: Elder


Joined: 12/4/2009
Posts: 5,965
Location: NAIROBI
[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.
mlennyma
#8 Posted : Thursday, August 30, 2018 12:58:37 PM
Rank: Elder


Joined: 7/21/2010
Posts: 5,880
Location: nairobi
[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."
Horton
#9 Posted : Thursday, August 30, 2018 4:08:40 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,354
Location: Nairobi
Ericsson wrote:
[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.



Equity profits will be higher than KCBs in 5years time if all things remain even
I own shares in KCB,CYTONN, BRK.B, Almasi Beverages and a few other private small businesses
Ericsson
#10 Posted : Thursday, August 30, 2018 4:28:37 PM
Rank: Elder


Joined: 12/4/2009
Posts: 5,965
Location: NAIROBI
Horton wrote:
Ericsson wrote:
[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.



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
VituVingiSana
#11 Posted : Thursday, August 30, 2018 4:31:47 PM
Rank: Chief


Joined: 1/3/2007
Posts: 15,099
Location: Nairobi
Horton wrote:
Ericsson wrote:
VituVingiSana 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
Applause Applause Applause
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
rwitre
#12 Posted : Wednesday, September 05, 2018 11:18:53 AM
Rank: Member


Joined: 3/8/2018
Posts: 206
Location: Nairobi
Kweli this bear is not sparing anyone. Sellers @ Sh.45 pushing to offload Pray
watesh
#13 Posted : Wednesday, September 05, 2018 1:30:14 PM
Rank: Member


Joined: 8/10/2014
Posts: 697
Location: Kenya
mlennyma wrote:
[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

Me too, they need to come up with a big consumer product, specifically that can be easily replicated in Tz, DRC, UG and Ethiopia
Ericsson
#14 Posted : Wednesday, September 05, 2018 1:52:59 PM
Rank: Elder


Joined: 12/4/2009
Posts: 5,965
Location: NAIROBI
watesh wrote:
mlennyma wrote:
[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

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 arrogancyLaughing out loudly Laughing out loudly like the way James Mwangi spoke on 16% VAT on fuel
watesh
#15 Posted : Wednesday, September 05, 2018 2:20:00 PM
Rank: Member


Joined: 8/10/2014
Posts: 697
Location: Kenya
Ericsson wrote:
watesh wrote:
mlennyma wrote:
[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

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 arrogancyLaughing out loudly Laughing out loudly like the way James Mwangi spoke on 16% VAT on fuel

Laughing out loudly Laughing out loudly Laughing out loudly
muandiwambeu
#16 Posted : Wednesday, September 05, 2018 4:27:45 PM
Rank: Veteran


Joined: 8/28/2015
Posts: 1,039
Ericsson wrote:
watesh wrote:
mlennyma wrote:
[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

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 arrogancyLaughing out loudly Laughing out loudly 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;....
VituVingiSana
#17 Posted : Thursday, September 06, 2018 12:00:53 AM
Rank: Chief


Joined: 1/3/2007
Posts: 15,099
Location: Nairobi
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
VituVingiSana
#18 Posted : Thursday, September 06, 2018 12:27:40 AM
Rank: Chief


Joined: 1/3/2007
Posts: 15,099
Location: Nairobi
Mojaloop is competition for FinServe https://www.businessdail...745758-oc12ku/index.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
rwitre
#19 Posted : Friday, October 05, 2018 12:36:33 PM
Rank: Member


Joined: 3/8/2018
Posts: 206
Location: Nairobi
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.
Horton
#20 Posted : Saturday, October 06, 2018 8:23:52 AM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,354
Location: Nairobi
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
I own shares in KCB,CYTONN, BRK.B, Almasi Beverages and a few other private small businesses
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