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8 Pages«<5678>
Equity Bank 2020
littledove
#121 Posted : Monday, November 08, 2021 12:06:29 PM
Rank: Member


Joined: 7/1/2014
Posts: 846
Location: sky
https://www.businessdailyafrica.com/bd/corporate/companies/equity-bank-open-to-buyback-of-hf-stake-3611750

Equity Group is open to repurchase a stake in mortgage lender HF Group, signalling a shift in its appetite to acquire rivals in the Kenyan market.

Equity chief executive James Mwangi said the bank would review its interest in HF, seven years after selling its 24.7 percent stake to insurance group Britam.

Britam plans to sell part of its 48.2 percent stake in HF Group to one of the country’s big banks as part of its investment portfolio review.
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
Ericsson
#122 Posted : Monday, November 08, 2021 12:53:02 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,306
Location: NAIROBI
Ericsson wrote:
Ericsson wrote:
EQUITY PBT bn
Q1--Ksh.11.7
Q2--Ksh.12.1

Q3--Ksh.12.8



EQUITY REGIONAL SUBSIDIARIES PERFORMANCE IN Q3 2021
KES Billion
Tanzania
Customer Deposits----22.1
Loan Book------------19.8
Total Assets---------34.0
Profit Before Tax-----0.3

Uganda
Customer Deposits-----64.3
Loan Book-------------45.7
Total Assets----------80.7
Profit Before Tax------2.8

South Sudan
Customer Deposits------8.3
Loan Book--------------0.1
Total Assets-----------12.7
Profit Before Tax------0.03

Rwanda
Customer Deposits------34.9
Loan Book--------------24.8
Total Assets-----------48.8
Profit Before Tax------1.7

DRC
Customer Deposits------304.6
Loan Book--------------101.0
Total Assets-----------356.0
Profit Before Tax------3.2

KENYA
Customer Deposits------604.1
Loan Book--------------559.0
Total Assets-----------800.3
Profit Before Tax------28.2
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
watesh
#123 Posted : Monday, November 08, 2021 4:20:50 PM
Rank: Veteran


Joined: 8/10/2014
Posts: 907
Location: Kenya
Ericsson wrote:
Ericsson wrote:
Ericsson wrote:
EQUITY PBT bn
Q1--Ksh.11.7
Q2--Ksh.12.1

Q3--Ksh.12.8



EQUITY REGIONAL SUBSIDIARIES PERFORMANCE IN Q3 2021
KES Billion
Tanzania
Customer Deposits----22.1
Loan Book------------19.8
Total Assets---------34.0
Profit Before Tax-----0.3

Uganda
Customer Deposits-----64.3
Loan Book-------------45.7
Total Assets----------80.7
Profit Before Tax------2.8

South Sudan
Customer Deposits------8.3
Loan Book--------------0.1
Total Assets-----------12.7
Profit Before Tax------0.03

Rwanda
Customer Deposits------34.9
Loan Book--------------24.8
Total Assets-----------48.8
Profit Before Tax------1.7

DRC
Customer Deposits------304.6
Loan Book--------------101.0
Total Assets-----------356.0
Profit Before Tax------3.2

KENYA
Customer Deposits------604.1
Loan Book--------------559.0
Total Assets-----------800.3
Profit Before Tax------28.2


The deposit growth rate in DRC & Kenya is phenomenal!
aemathenge
#124 Posted : Thursday, December 16, 2021 10:04:19 AM
Rank: Elder


Joined: 10/18/2008
Posts: 3,434
Location: Kerugoya
This is going to be interesting.

Quote:
The story, as promised.
A THREAD
My friend had a very successful retail business in Meru. Equity bank recruited him as one of their agents. In no time, he was best agent in Meru county & was invited for a seminar in Thika, to enhance the 'partnership'. That's where trouble began.


Source: https://twitter.com/Tony...atus/1471169700604305415
maka
#125 Posted : Thursday, December 16, 2021 6:24:37 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,517
Location: Nairobi
aemathenge wrote:
This is going to be interesting.

Quote:
The story, as promised.
A THREAD
My friend had a very successful retail business in Meru. Equity bank recruited him as one of their agents. In no time, he was best agent in Meru county & was invited for a seminar in Thika, to enhance the 'partnership'. That's where trouble began.


Source: https://twitter.com/Tony...atus/1471169700604305415


Lakini Bankers are brutal....
possunt quia posse videntur
Ericsson
#126 Posted : Monday, January 03, 2022 8:05:56 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,306
Location: NAIROBI
https://www.businessdail...ays-after-buy-in-3670270
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#127 Posted : Thursday, January 20, 2022 2:03:37 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,306
Location: NAIROBI
https://www.businessdail...g-to-enterprises-3686480

Equity Bank Kenya is set to receive Sh5.66 billion (£37 million) from UK’s development finance institution British International Investment (BII) – formerly known as CDC Group – for onward lending to small businesses.

Equity bank and Kenya government same whatsapp group when in it comes to appetite for borrowing
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
jawgey
#128 Posted : Thursday, January 20, 2022 4:43:16 PM
Rank: Member


Joined: 1/13/2014
Posts: 364
Location: Denmark
Ericsson wrote:
https://www.businessdailyafrica.com/bd/corporate/companies/equity-bank-gets-sh5-6bn-lending-to-enterprises-3686480

Equity Bank Kenya is set to receive Sh5.66 billion (£37 million) from UK’s development finance institution British International Investment (BII) – formerly known as CDC Group – for onward lending to small businesses.

Equity bank and Kenya government same whatsapp group when in it comes to appetite for borrowing


Only that Equity puts the money into good use.
Seeing is believing
watesh
#129 Posted : Monday, March 07, 2022 10:18:31 AM
Rank: Veteran


Joined: 8/10/2014
Posts: 907
Location: Kenya
Equity Bank risk-based pricing has been approved by CBK. It will now switch to an all-inclusive interest rate system which means all fees associated with the loan eg appraisal fees etc will be included in the interest rate. It will be based on the treasury bills rates (risk-free rate) then they add their operational cost and risk premium based on the sector of the economy the loan will be used in. Currently, the rates will be between 13% - 18.5%
Ericsson
#130 Posted : Monday, March 07, 2022 11:38:18 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,306
Location: NAIROBI
watesh wrote:
Equity Bank risk-based pricing has been approved by CBK. It will now switch to an all-inclusive interest rate system which means all fees associated with the loan eg appraisal fees etc will be included in the interest rate. It will be based on the treasury bills rates (risk-free rate) then they add their operational cost and risk premium based on the sector of the economy the loan will be used in. Currently, the rates will be between 13% - 18.5%


Waah the Era of expensive loans is coming back.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
obiero
#131 Posted : Monday, March 07, 2022 7:31:27 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,062
Location: nairobi
Ericsson wrote:
watesh wrote:
Equity Bank risk-based pricing has been approved by CBK. It will now switch to an all-inclusive interest rate system which means all fees associated with the loan eg appraisal fees etc will be included in the interest rate. It will be based on the treasury bills rates (risk-free rate) then they add their operational cost and risk premium based on the sector of the economy the loan will be used in. Currently, the rates will be between 13% - 18.5%


Waah the Era of expensive loans is coming back.

The two men have finished us
www.winda.co.ke
Ericsson
#132 Posted : Monday, March 14, 2022 6:27:59 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,306
Location: NAIROBI
FY2021 results to be released on Thursday 17 March 2021
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#133 Posted : Monday, March 21, 2022 11:17:31 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,306
Location: NAIROBI
Ericsson wrote:
FY2021 results to be released on Thursday 17 March 2021

Revised to Tuesday 22 March 2022 @7:45am
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
littledove
#134 Posted : Tuesday, March 22, 2022 9:16:35 AM
Rank: Member


Joined: 7/1/2014
Posts: 846
Location: sky
Equity Group Full Year 2021 Results [KES YoY]:

- Loan book +23% to 587.7B.
- Total Assets +28.5% to 1.3T.
- Customer Deposits +29.4% to 958.9B.
- Total Interest Income +27.8% to 94.3B.
- Loan provisions -78.0% to 5.8B.
- PAT +99% to 40.1B
- EPS +98% to 10.4
- dps ksh 3
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
Ericsson
#135 Posted : Tuesday, March 22, 2022 12:04:09 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,306
Location: NAIROBI
littledove wrote:
Equity Group Full Year 2021 Results [KES YoY]:

- Loan book +23% to 587.7B.
- Total Assets +28.5% to 1.3T.
- Customer Deposits +29.4% to 958.9B.
- Total Interest Income +27.8% to 94.3B.
- Loan provisions -78.0% to 5.8B.
- PAT +99% to 40.1B
- EPS +98% to 10.4
- dps ksh 3


Equity reduced loan loss provisions by 78%from Kes.26bn to 5.8bn
Increased lending to government by 81% to ksh.391.4bn from 217bn which grew faster than net loans at 23%.

Cost to income ratio for Tanzania and DRC is very high.
Loan to deposit ratio on the downward trend,now at 61%
Dividend payment ratio at 28.9%,lowest in 10 years.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
watesh
#136 Posted : Tuesday, March 22, 2022 12:08:32 PM
Rank: Veteran


Joined: 8/10/2014
Posts: 907
Location: Kenya
Taking a look at the subsidiaries' performances, what stood out for me was the stellar deposit growth in DRC. Quarter-on-quarter deposits growth volume has already surpassed Kenya's volume yet it's still early years for the brand in the country.

Equity South Sudan is barely making any money there yet KCB was able to squeeze out ksh0.995bn in PBT . Tanzania subsidiary suffering from a lot of NPLs
VituVingiSana
#137 Posted : Wednesday, March 23, 2022 9:35:33 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,745
Location: Nairobi
watesh wrote:
Taking a look at the subsidiaries' performances, what stood out for me was the stellar deposit growth in DRC. Quarter-on-quarter deposits growth volume has already surpassed Kenya's volume yet it's still early years for the brand in the country.

Equity South Sudan is barely making any money there yet KCB was able to squeeze out ksh0.995bn in PBT . Tanzania subsidiary suffering from a lot of NPLs
I think Mwangi said DRC could be as profitable as Kenya by FY2026 at the current rate of growth. Let's say 2030 for our purposes.

That's like a whole new Equity bank!!!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
watesh
#138 Posted : Wednesday, March 23, 2022 10:24:42 AM
Rank: Veteran


Joined: 8/10/2014
Posts: 907
Location: Kenya
VituVingiSana wrote:
watesh wrote:
Taking a look at the subsidiaries' performances, what stood out for me was the stellar deposit growth in DRC. Quarter-on-quarter deposits growth volume has already surpassed Kenya's volume yet it's still early years for the brand in the country.

Equity South Sudan is barely making any money there yet KCB was able to squeeze out ksh0.995bn in PBT . Tanzania subsidiary suffering from a lot of NPLs
I think Mwangi said DRC could be as profitable as Kenya by FY2026 at the current rate of growth. Let's say 2030 for our purposes.

That's like a whole new Equity bank!!!


That is mind-blowing to just think about. Ethiopia has already started loading
Ericsson
#139 Posted : Monday, April 11, 2022 12:34:25 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,306
Location: NAIROBI
https://www.businessdail...quity-bank-stake-3778070
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#140 Posted : Monday, April 11, 2022 11:03:24 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,745
Location: Nairobi
Ericsson wrote:
https://www.businessdailyafrica.com/bd/corporate/companies/ifc-gets-more-rights-with-small-equity-bank-stake-3778070

What silly Neo-colonialism is this?
Unless Equity is selling NEW shares to IFC, this is trying to screw over existing shareholders.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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