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27 Pages«<252627
KCB 2018 and Beyond
Queen
#521 Posted : Saturday, May 16, 2020 12:29:39 PM
Rank: Member


Joined: 11/21/2018
Posts: 448
Location: Britain
Angelica _ann wrote:
Horton wrote:
Ericsson wrote:
KCB to report 2020 Q1 results on Tuesday May 19


Should be good/predictable . Problem would be Q2


Going by Cfcstanbic results which are already out, they are likely to be bad or starting to show badness smile smile Laughing out loudly


In my view, the Stanbic results should not be a true representation of what is to be expected from other banks during the period under review. Q1 ended at the end of March, about only two weeks after the first reported Covid-19 case in Kenya. In all fairness, if this pandemic can impact the profits 33% negatively, then you shudder to imagine what three months Covid impact would be on Q2 profits. That can only be total bloodbath. Or is there something Stanbic are not telling us?
Ericsson
#522 Posted : Monday, May 18, 2020 11:10:58 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,522
Location: NAIROBI
https://www.businessdail...5544-55qekwz/index.html

KCB Group is set to inject up to Sh3 billion of additional capital into National Bank of Kenya to help the subsidiary comply with capital requirements and expand its business.

NBK remains in breach of capital adequacy ratios even after receiving Sh5 billion capital support from KCB in December.

“When we acquired NBK, we estimated we will provide the subsidiary with capital of Sh7.5 billion to Sh8 billion,” said KCB chief executive Joshua Oigara.

“We will soon give the balance of Sh2.5 billion to Sh3 billion,” he said, adding that the cash could be remitted by the end of this second quarter (June).
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#523 Posted : Tuesday, May 19, 2020 1:37:25 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,436
Location: Nairobi
Oigara - KES 300mn #Lanes
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#524 Posted : Wednesday, May 20, 2020 4:42:16 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,522
Location: NAIROBI
Q1 Profit before tax ksh.8.922bn

Total assets at ksh.947bn
Customer deposits at ksh.740bn.Customer deposits grew by ksh.53bn in Q1.
Group balance sheet is within range of the ksh.1 trillion target by end of 2022
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
obiero
#525 Posted : Wednesday, May 20, 2020 5:09:18 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,878
Location: nairobi
Ericsson wrote:
Q1 Profit before tax ksh.9.1bn

Total assets at ksh.947bn
Customer deposits at ksh.740bn.Customer deposits grew by ksh.53bn in Q1.
Group balance sheet is within range of the ksh.1 trillion target by end of 2022

It will break it by mid 2021
COOP 5,500 ABP12.6; HF 30,000 ABP 5.90; KCB 7,500 ABP 36; KQ 414,100 ABP 7.92
Ericsson
#526 Posted : Saturday, March 06, 2021 1:41:52 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,522
Location: NAIROBI
obiero wrote:
Ericsson wrote:
Q1 Profit before tax ksh.9.1bn

Total assets at ksh.947bn
Customer deposits at ksh.740bn.Customer deposits grew by ksh.53bn in Q1.
Group balance sheet is within range of the ksh.1 trillion target by end of 2022

It will break it by mid 2021


It has come earlier mid 2021 they will be completing acquisition of BPR and BancABC Tanzania
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
obiero
#527 Posted : Sunday, March 07, 2021 11:41:22 AM
Rank: Elder


Joined: 6/23/2009
Posts: 12,878
Location: nairobi
Ericsson wrote:
obiero wrote:
Ericsson wrote:
Q1 Profit before tax ksh.9.1bn

Total assets at ksh.947bn
Customer deposits at ksh.740bn.Customer deposits grew by ksh.53bn in Q1.
Group balance sheet is within range of the ksh.1 trillion target by end of 2022

It will break it by mid 2021


It has come earlier mid 2021 they will be completing acquisition of BPR and BancABC Tanzania

True. A trillion in assets achieved, next stop KES 1.2T
COOP 5,500 ABP12.6; HF 30,000 ABP 5.90; KCB 7,500 ABP 36; KQ 414,100 ABP 7.92
Ericsson
#528 Posted : Sunday, March 07, 2021 11:00:12 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,522
Location: NAIROBI
obiero wrote:
Ericsson wrote:
obiero wrote:
Ericsson wrote:
Q1 Profit before tax ksh.9.1bn

Total assets at ksh.947bn
Customer deposits at ksh.740bn.Customer deposits grew by ksh.53bn in Q1.
Group balance sheet is within range of the ksh.1 trillion target by end of 2022

It will break it by mid 2021


It has come earlier mid 2021 they will be completing acquisition of BPR and BancABC Tanzania

True. A trillion in assets achieved, next stop KES 1.2T


Revise upwards to ksh.1.5 T
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
obiero
#529 Posted : Monday, March 08, 2021 10:44:02 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,878
Location: nairobi
Ericsson wrote:
obiero wrote:
Ericsson wrote:
obiero wrote:
Ericsson wrote:
Q1 Profit before tax ksh.9.1bn

Total assets at ksh.947bn
Customer deposits at ksh.740bn.Customer deposits grew by ksh.53bn in Q1.
Group balance sheet is within range of the ksh.1 trillion target by end of 2022

It will break it by mid 2021


It has come earlier mid 2021 they will be completing acquisition of BPR and BancABC Tanzania

True. A trillion in assets achieved, next stop KES 1.2T


Revise upwards to ksh.1.5 T

Hizo tubank tuwili hazwezi kuwa worth +300B
COOP 5,500 ABP12.6; HF 30,000 ABP 5.90; KCB 7,500 ABP 36; KQ 414,100 ABP 7.92
Ericsson
#530 Posted : Tuesday, March 09, 2021 12:51:57 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,522
Location: NAIROBI
obiero wrote:
Ericsson wrote:
obiero wrote:
Ericsson wrote:
obiero wrote:
Ericsson wrote:
Q1 Profit before tax ksh.9.1bn

Total assets at ksh.947bn
Customer deposits at ksh.740bn.Customer deposits grew by ksh.53bn in Q1.
Group balance sheet is within range of the ksh.1 trillion target by end of 2022

It will break it by mid 2021


It has come earlier mid 2021 they will be completing acquisition of BPR and BancABC Tanzania

True. A trillion in assets achieved, next stop KES 1.2T


Revise upwards to ksh.1.5 T

Hizo tubank tuwili hazwezi kuwa worth +300B



Ooh okay
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#531 Posted : Wednesday, March 10, 2021 2:22:30 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,522
Location: NAIROBI
obiero wrote:
Ericsson wrote:
obiero wrote:
Ericsson wrote:
Q1 Profit before tax ksh.9.1bn

Total assets at ksh.947bn
Customer deposits at ksh.740bn.Customer deposits grew by ksh.53bn in Q1.
Group balance sheet is within range of the ksh.1 trillion target by end of 2022

It will break it by mid 2021


It has come earlier mid 2021 they will be completing acquisition of BPR and BancABC Tanzania

True. A trillion in assets achieved, next stop KES 1.2T


And DRC entry
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
young
#532 Posted : Wednesday, March 10, 2021 4:42:15 PM
Rank: Elder


Joined: 6/20/2007
Posts: 1,977
Location: Lagos, Nigeria
Anyone?
When will KCB fy 2020 be released ?

It's overdue
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
Ericsson
#533 Posted : Wednesday, March 10, 2021 6:57:20 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,522
Location: NAIROBI
young wrote:
Anyone?
When will KCB fy 2020 be released ?

It's overdue


They will be released next week Thursday.

It's not overdue.
Last year they were released on 17 March.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ebenyo
#534 Posted : Wednesday, March 10, 2021 7:19:50 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,931
Location: Kitale
Ericsson wrote:
young wrote:
Anyone?
When will KCB fy 2020 be released ?

It's overdue


They will be released next week Thursday.

It's not overdue.
Last year they were released on 17 March.



No wonder the share price is looking up
Towards the goal of financial freedom
Ericsson
#535 Posted : Monday, March 15, 2021 6:32:10 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,522
Location: NAIROBI
https://www.businessdail...s-sh2-8-billion-3323054

The Kenya Mortgage Refinance Company (KMRC) has so far advanced Sh2.76 billion in credit to mortgage lenders, accounting for about seven per cent of the fund’s total capital pool.

KCB accounts for the bulk of the lending at Sh2.12 billion, followed by HF at Sh515 million. Others include Stima Sacco (Sh69million), Tower Sacco (Sh30 million) and Bingwa Sacco (Sh27 million).
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#536 Posted : Wednesday, March 17, 2021 11:57:07 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,522
Location: NAIROBI
IFC, SANAD, BIO, Symbiotics Announce Loan to KCB Bank Kenya for Green Projects, SMEs

IFC, a member of the World Bank Group, The SANAD Fund for MSMEs (SANAD), the Belgian Investment Company for Developing Countries (BIO), and Symbiotics today announced a loan to KCB Bank Kenya Ltd to help the bank increase lending for climate-friendly projects and to smaller businesses, especially those owned by women.

The loan of up to $150 million will strengthen KCB Bank Kenya's capital base and allow it to finance eligible projects and businesses, many of which are facing COVID-19-related challenges, including challenges accessing working capital and funds for expansion.

Of the $150 million, IFC contributed $101.75 million and mobilized $22 million from BIO, $15 million from SANAD Fund, and $11.25 million from Symbiotics.


https://ke.kcbgroup.com/...-for-green-projects-smes
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#537 Posted : Thursday, March 18, 2021 8:10:43 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,522
Location: NAIROBI
Acquisition of Bank ABC Tanzania and BPR Rwanda is on the final stages
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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