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Equity Bank 2019
Ericsson
#1 Posted : Monday, September 09, 2019 11:51:14 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,227
Location: NAIROBI
Equity Bank announces that it has entered into discussions with certain shareholders of BCDC DRC for the purchase of cash of a controlling stake.

https://www.nse.co.ke/li...ssuer-announcements.html
VituVingiSana
#2 Posted : Monday, September 09, 2019 12:39:32 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,288
Location: Nairobi
Ericsson wrote:
Equity Bank announces that it has entered into discussions with certain shareholders of BCDC DRC for the purchase of cash of a controlling stake.

https://www.nse.co.ke/li...suer-announcements.html
Applause Applause Applause
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
FUNKY
#3 Posted : Monday, September 09, 2019 12:46:44 PM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,497
Ericsson
#4 Posted : Monday, September 09, 2019 9:42:52 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,227
Location: NAIROBI
KCB is also searching a bank to acquire in DRC
Angelica _ann
#5 Posted : Monday, September 09, 2019 9:50:41 PM
Rank: Elder


Joined: 12/7/2012
Posts: 10,791
That is why I cannot touch the 2; risk averse. Banking sector holding ~ Stanchart.


Though I & M is tempting.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Ericsson
#6 Posted : Monday, September 09, 2019 10:13:50 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,227
Location: NAIROBI
Angelica _ann wrote:
That is why I cannot touch the 2; risk averse. Banking sector holding ~ Stanchart.


Though I & M is tempting.

Stanchart can't go regional because oof the parent company.
It has operations in Tanzania, Uganda, Zambia,Malawi
VituVingiSana
#7 Posted : Monday, September 09, 2019 10:16:13 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,288
Location: Nairobi
Ericsson wrote:
KCB is also searching a bank to acquire in DRC

Equity has handily beaten KCB in any market in which KCB didn't have the explicit and implicit support of GoK.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#8 Posted : Monday, September 09, 2019 10:22:12 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,227
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
KCB is also searching a bank to acquire in DRC

Equity has handily beaten KCB in any market in which KCB didn't have the explicit and implicit support of GoK.

Equity grew through government support during the kibaki regime
watesh
#9 Posted : Monday, September 09, 2019 10:53:47 PM
Rank: Member


Joined: 8/10/2014
Posts: 733
Location: Kenya
Ericsson wrote:
KCB is also searching a bank to acquire in DRC

Now they will have to acquire a much smaller bank than BCDC, maybe they might go for Trust Merchant Bank with close to $700 million in assets.
VituVingiSana
#10 Posted : Monday, September 09, 2019 11:53:44 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,288
Location: Nairobi
watesh wrote:
Ericsson wrote:
KCB is also searching a bank to acquire in DRC

Now they will have to acquire a much smaller bank than BCDC, maybe they might go for Trust Merchant Bank with close to $700 million in assets.

That's almost the same size as BCDC ($760mn)
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#11 Posted : Monday, September 09, 2019 11:55:27 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,288
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
KCB is also searching a bank to acquire in DRC

Equity has handily beaten KCB in any market in which KCB didn't have the explicit and implicit support of GoK.

Equity grew through government support during the kibaki regime
Wasn't KCB heavily supported by the Moi and Kibaki regimes as well as a "government" bank?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
chiaroscuro
#12 Posted : Tuesday, September 10, 2019 3:37:36 PM
Rank: Veteran


Joined: 2/2/2012
Posts: 1,104
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
KCB is also searching a bank to acquire in DRC

Equity has handily beaten KCB in any market in which KCB didn't have the explicit and implicit support of GoK.

Equity grew through government support during the kibaki regime


This is so NOT TRUE!

Exactly which government support did it get?
Ericsson
#13 Posted : Tuesday, September 10, 2019 4:13:09 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,227
Location: NAIROBI
chiaroscuro wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
KCB is also searching a bank to acquire in DRC

Equity has handily beaten KCB in any market in which KCB didn't have the explicit and implicit support of GoK.

Equity grew through government support during the kibaki regime


This is so NOT TRUE!

Exactly which government support did it get?

Government business in agriculture e.g NCPB payments to maize farmers when Jimnah Mbaru was the Chairman of NCPB.
Donor funds to agriculture which instead of being channeled through AFC were channeled through Equity Bank.
https://www.equitybankgr.../e6/PDF/EQN_edition6.pdf
Angelica _ann
#14 Posted : Tuesday, September 10, 2019 4:17:52 PM
Rank: Elder


Joined: 12/7/2012
Posts: 10,791
Ericsson wrote:
chiaroscuro wrote:
Ericsson wrote:
VituVingiSana wrote:
[quote=Ericsson]KCB is also searching a bank to acquire in DRC

Equity has handily beaten KCB in any market in which KCB didn't have the explicit and implicit support of GoK.

Equity grew through government support during the kibaki regime


This is so NOT TRUE!

Exactly which government support did it get?

Government business in agriculture e.g NCPB payments to maize farmers when Jimnah Mbaru was the Chairman of NCPB.
Donor funds to agriculture which instead of being channeled through AFC were channeled through Equity Bank.
https://www.equitybankgr...e6/PDF/EQN_edition6.pdf[/quote]

Equity's 1st integrated banking/financial system installed in 2003 was fully funded by World Bank for 'free' as part of support of financial inclusion for Kenya Government. Obviously we all know how it landed at Equity.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Ericsson
#15 Posted : Tuesday, September 10, 2019 4:26:05 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,227
Location: NAIROBI
Angelica _ann wrote:
Ericsson wrote:
chiaroscuro wrote:
Ericsson wrote:
VituVingiSana wrote:
[quote=Ericsson]KCB is also searching a bank to acquire in DRC

Equity has handily beaten KCB in any market in which KCB didn't have the explicit and implicit support of GoK.

Equity grew through government support during the kibaki regime


This is so NOT TRUE!

Exactly which government support did it get?

Government business in agriculture e.g NCPB payments to maize farmers when Jimnah Mbaru was the Chairman of NCPB.
Donor funds to agriculture which instead of being channeled through AFC were channeled through Equity Bank.
https://www.equitybankgr...e6/PDF/EQN_edition6.pdf[/quote]

Equity's 1st integrated banking/financial system installed in 2003 was fully funded by World Bank for 'free' as part of support of financial inclusion for Kenya Government. Obviously we all know how it landed at Equity.

Yet it was supposed to go to KCB and National Bank
chiaroscuro
#16 Posted : Tuesday, September 10, 2019 5:14:58 PM
Rank: Veteran


Joined: 2/2/2012
Posts: 1,104
Location: Nairobi
Ericsson wrote:
Angelica _ann wrote:
Ericsson wrote:
chiaroscuro wrote:
Ericsson wrote:
VituVingiSana wrote:
[quote=Ericsson]KCB is also searching a bank to acquire in DRC

Equity has handily beaten KCB in any market in which KCB didn't have the explicit and implicit support of GoK.

Equity grew through government support during the kibaki regime


This is so NOT TRUE!

Exactly which government support did it get?

Government business in agriculture e.g NCPB payments to maize farmers when Jimnah Mbaru was the Chairman of NCPB.
Donor funds to agriculture which instead of being channeled through AFC were channeled through Equity Bank.
https://www.equitybankgr...e6/PDF/EQN_edition6.pdf[/quote]

Equity's 1st integrated banking/financial system installed in 2003 was fully funded by World Bank for 'free' as part of support of financial inclusion for Kenya Government. Obviously we all know how it landed at Equity.

Yet it was supposed to go to KCB and National Bank



Interesting....then they dismantled it two years later and spent Sh556 million on a news system in 2005....hmmm.....[https://www.equitybankgroup.com/index.php/files/download/357]
chiaroscuro
#17 Posted : Tuesday, September 10, 2019 5:21:51 PM
Rank: Veteran


Joined: 2/2/2012
Posts: 1,104
Location: Nairobi
Ericsson wrote:
chiaroscuro wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
KCB is also searching a bank to acquire in DRC

Equity has handily beaten KCB in any market in which KCB didn't have the explicit and implicit support of GoK.

Equity grew through government support during the kibaki regime


This is so NOT TRUE!

Exactly which government support did it get?

Government business in agriculture e.g NCPB payments to maize farmers when Jimnah Mbaru was the Chairman of NCPB.
Donor funds to agriculture which instead of being channeled through AFC were channeled through Equity Bank.
https://www.equitybankgr...e6/PDF/EQN_edition6.pdf




Equity was not the only bank in this programme. KCB, and Co-Op were also involved. Because of it's marketing prowess, Equity ended up handling about 60% of the funds.
Angelica _ann
#18 Posted : Tuesday, September 10, 2019 6:08:43 PM
Rank: Elder


Joined: 12/7/2012
Posts: 10,791
chiaroscuro wrote:
Ericsson wrote:
Angelica _ann wrote:
Ericsson wrote:
chiaroscuro wrote:
Ericsson wrote:
VituVingiSana wrote:
[quote=Ericsson]KCB is also searching a bank to acquire in DRC

Equity has handily beaten KCB in any market in which KCB didn't have the explicit and implicit support of GoK.

Equity grew through government support during the kibaki regime


This is so NOT TRUE!

Exactly which government support did it get?

Government business in agriculture e.g NCPB payments to maize farmers when Jimnah Mbaru was the Chairman of NCPB.
Donor funds to agriculture which instead of being channeled through AFC were channeled through Equity Bank.
https://www.equitybankgr...e6/PDF/EQN_edition6.pdf[/quote]

Equity's 1st integrated banking/financial system installed in 2003 was fully funded by World Bank for 'free' as part of support of financial inclusion for Kenya Government. Obviously we all know how it landed at Equity.

Yet it was supposed to go to KCB and National Bank



Interesting....then they dismantled it two years later and spent Sh556 million on a news system in 2005....hmmm.....[https://www.equitybankgroup.com/index.php/files/download/357]


Infrastructure
In 2005, Equity invested over KShs. 565 million on Information Technology infrastructure with Infosys, the world’s leading core banking solution, which will support the Bank’s expansion strategy. The Information Technology infrastructure includes a new generation core banking system, state of the art data centre and an enhanced Automated Teller Machines network. In 2006, Equity plans to commission 50 Automated Teller
Machines, point of sales terminals, mobile banking and short message service alerts across its existing and
future branch network. The amount expended for the expansion exercise and the infrastructure is from the
Bank’s own funds. A detailed breakdown of the infrastructure is in the general information section of this
Information Memorandum.

This is very possible in the banking world - expansion and new products. Happens all the time, over and over.

Also remember that the document you have put up was a prospectus for listing and we know how they are done in Kenya. That was a line written as a comment that is not presented in a financial statement.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
VituVingiSana
#19 Posted : Friday, September 13, 2019 2:47:18 AM
Rank: Chief


Joined: 1/3/2007
Posts: 16,288
Location: Nairobi
Equity Bank will need more buys in regional growth plan
https://www.businessdail...0864-xk08gmz/index.html
> Will Equity need to raise capital?
Or reduce the dividend?
Or a scrip dividend?
Or Bodo is being overly cautious?

After all, Equity is profitable regionally and can expand slowly, sensibly and profitably using the new tools at its disposal. Instead of the "big ticket" deals, it can expand using the SME and MSME route using mobile banking.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#20 Posted : Friday, September 13, 2019 12:54:39 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,227
Location: NAIROBI
VituVingiSana wrote:
Equity Bank will need more buys in regional growth plan
https://www.businessdail...0864-xk08gmz/index.html
> Will Equity need to raise capital?
Or reduce the dividend?
Or a scrip dividend?
Or Bodo is being overly cautious?

After all, Equity is profitable regionally and can expand slowly, sensibly and profitably using the new tools at its disposal. Instead of the "big ticket" deals, it can expand using the SME and MSME route using mobile banking.


Bodo article may be a reflection of James Mwangi thinking
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