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25 Pages«<2122232425>
KCB 2018 and Beyond
Ericsson
#441 Posted : Friday, November 01, 2019 4:54:37 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,631
Location: NAIROBI
National Bank of Kenya has today announced KShs 675 million in profit before tax and exceptional items for the period ending September 30, 2019, representing a 45% increase over a similar period in 2018.

NBK achieved this level of growth against the backdrop of a challenging environment, both externally & internally. Our main focus has been enhancing customer experience, preserving & optimizing value while effectively mitigating risks through proactive risk management.

Total expenses, however, increased by 4% year-on-year to KShs 5.4 billion, mainly driven by increased loan loss provisions. Operating expenses excluding loan provisions remained relatively flat at KShs 5.4 billion.

Operating income for the period stood at Sh6B, a 7% increase from Sh5.6B over the same period in the previous year. This was mainly due to growth in interest earned from loans & advances & other earning assets, coupled with continuing diversification of funding base.

https://twitter.com/National_Bank
Ebenyo
#442 Posted : Friday, November 01, 2019 6:16:34 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,733
Location: Kitale
[quote=Ericsson]National Bank of Kenya has today announced KShs 675 million in profit before tax and exceptional items for the period ending September 30, 2019, representing a 45% increase over a similar period in 2018.

NBK achieved this level of growth against the backdrop of a challenging environment, both externally & internally. Our main focus has been enhancing customer experience, preserving & optimizing value while effectively mitigating risks through proactive risk management.

Total expenses, however, increased by 4% year-on-year to KShs 5.4 billion, mainly driven by increased loan loss provisions. Operating expenses excluding loan provisions remained relatively flat at KShs 5.4 billion.

Operating income for the period stood at Sh6B, a 7% increase from Sh5.6B over the same period in the previous year. This was mainly due to growth in interest earned from loans & advances & other earning assets, coupled with continuing diversification of funding base.

https://twitter.com/National_Bank[/quote]



At least kcb group plc is sure that it bought a cow that is productive.
Towards the goal of financial freedom
tom_boy
#443 Posted : Friday, November 01, 2019 9:11:37 PM
Rank: Member


Joined: 2/20/2007
Posts: 724
Looks like previous NBK managers were either complete thieves or completely incompetent. I think they were the former.
They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
Ericsson
#444 Posted : Sunday, November 03, 2019 3:26:36 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,631
Location: NAIROBI
Next now is Ethiopia establishing a subsidiary/operation.
The country is opening up
obiero
#445 Posted : Sunday, November 03, 2019 3:28:55 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,387
Location: nairobi
Ericsson wrote:
Next now is Ethiopia establishing a subsidiary/operation.
The country is opening up

A representative office was opened up in 2016! https://www.capitalfm.co...gin-ethiopia-operations/
COOP 5,500 ABP12.6; HF 2,000 ABP 5.90; KCB 7,500 ABP 36; KNRE 100,000 ABP 2.90; KQ 221,100 ABP 12.68
Horton
#446 Posted : Sunday, November 03, 2019 4:54:56 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,484
Location: Nairobi
obiero wrote:
[quote=Ericsson]Next now is Ethiopia establishing a subsidiary/operation.
The country is opening up

A representative office was opened up in 2016! https://www.capitalfm.co...in-ethiopia-operations/[/quote]


Fair value should be at least 84/- here considering EPS is 7.83
Ericsson
#447 Posted : Sunday, November 03, 2019 6:20:56 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,631
Location: NAIROBI
obiero wrote:
[quote=Ericsson]Next now is Ethiopia establishing a subsidiary/operation.
The country is opening up

A representative office was opened up in 2016! https://www.capitalfm.co...in-ethiopia-operations/[/quote]

Full operation/bank
Ericsson
#448 Posted : Sunday, November 03, 2019 8:48:21 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,631
Location: NAIROBI
Ericsson wrote:
obiero wrote:
[quote=Ericsson]Next now is Ethiopia establishing a subsidiary/operation.
The country is opening up

A representative office was opened up in 2016! https://www.capitalfm.co...in-ethiopia-operations/[/quote]

Full operation/bank


"National Bank of Ethiopia (equivalent of our CBK) planned to increase the minimum capital for banks to operate to 2 billion Birr ($90 million) and instructed all commercial banks to increase their capital to that amount by 2020."
obiero
#449 Posted : Sunday, November 03, 2019 9:51:28 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,387
Location: nairobi
Horton wrote:
obiero wrote:
[quote=Ericsson]Next now is Ethiopia establishing a subsidiary/operation.
The country is opening up

A representative office was opened up in 2016! https://www.capitalfm.co...in-ethiopia-operations/[/quote]


Fair value should be at least 84/- here considering EPS is 7.83

True
COOP 5,500 ABP12.6; HF 2,000 ABP 5.90; KCB 7,500 ABP 36; KNRE 100,000 ABP 2.90; KQ 221,100 ABP 12.68
Ericsson
#450 Posted : Monday, November 04, 2019 4:35:44 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,631
Location: NAIROBI
Kcb to release Q3 results this week
mlennyma
#451 Posted : Monday, November 04, 2019 5:00:29 PM
Rank: Elder


Joined: 7/21/2010
Posts: 5,996
Location: nairobi
Ericsson wrote:
Kcb to release Q3 results this week

with NBK making a profit the lion is fully in control
"Don't let the fear of losing be greater than the excitement of winning."
Ericsson
#452 Posted : Wednesday, November 06, 2019 9:00:23 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,631
Location: NAIROBI
https://www.businessdail...7280-52ad69z/index.html

KCB Group will complete the compulsory buyout of dissenting minority shareholders of National Bank of Kenya (NBK) later this month.

Some NBK investors declined to subscribe to KCB’s share swap deal but will now be forced to become owners in the country’s biggest bank.
Without the compulsory buyout, the dissenting minority investors would have been left holding shares that could not trade on the NSE.

The country’s largest lender is set to inject new capital into NBK once it takes full ownership of the lender which will also be de-listed from the Nairobi Securities Exchange (NSE).

NBK’s core capital fell below the statutory minimum of Sh1 billion in the nine months ended September, adding to its historical breaches of various capital ratios.

The lender’s core capital stood at Sh993.7 million in the review period. Mr Kimathi said KCB is reviewing NBK’s capital requirements, taking into account various factors, including the rate of loan recoveries.

“NBK will be compliant in terms of capital by the end of the year,” Mr Kimathi said.

KCB estimated that NBK will need up to Sh7.5 billion in new capital but the amount is subject to change.

This will see KCB issue an additional 4.4 million shares worth about Sh200 million on top of the 142.9 million units it had allotted to the first group NBK shareholders who accepted its deal.

“We have issued the compulsory takeover notice to the minority NBK shareholders,” said Lawrence Kimathi, KCB’s chief finance officer.

“We are halfway through the 21-day notice period and the squeeze-out will be complete by the end of this month.”
obiero
#453 Posted : Thursday, November 07, 2019 6:11:54 AM
Rank: Elder


Joined: 6/23/2009
Posts: 12,387
Location: nairobi
COOP 5,500 ABP12.6; HF 2,000 ABP 5.90; KCB 7,500 ABP 36; KNRE 100,000 ABP 2.90; KQ 221,100 ABP 12.68
Ericsson
#454 Posted : Thursday, November 07, 2019 7:21:29 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,631
Location: NAIROBI
KCB anticipates interest rates for high risk borrowers will rise by 2-3%.
mlennyma
#455 Posted : Thursday, November 07, 2019 8:59:20 AM
Rank: Elder


Joined: 7/21/2010
Posts: 5,996
Location: nairobi
obiero wrote:

Your KQ holding should be kcb
"Don't let the fear of losing be greater than the excitement of winning."
MaichBlack
#456 Posted : Thursday, November 07, 2019 2:21:28 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,321
Ericsson wrote:
KCB anticipates interest rates for high risk borrowers will rise by 2-3%.

Take this as PR until further notice. What else was the CEO supposed to say??
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
obiero
#457 Posted : Friday, November 08, 2019 4:30:12 AM
Rank: Elder


Joined: 6/23/2009
Posts: 12,387
Location: nairobi
mlennyma wrote:
obiero wrote:

Your KQ holding should be kcb

It isn't, with a reason.. Watch and learn
COOP 5,500 ABP12.6; HF 2,000 ABP 5.90; KCB 7,500 ABP 36; KNRE 100,000 ABP 2.90; KQ 221,100 ABP 12.68
Ericsson
#458 Posted : Monday, November 11, 2019 10:55:10 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,631
Location: NAIROBI
KCB group has retreated from an earlier plan of integrating National bank of Kenya into its operations.
NBK will continue to operate as a stand alone subsidiary of KCB.
Paul Russo the NBK managing director reckons that the shift in strategy has been informed by the fear of losing business attached to national bank.

https://www.businessdail...44826-ss9xoyz/index.html
heri
#459 Posted : Wednesday, November 13, 2019 2:48:28 PM
Rank: Member


Joined: 9/14/2011
Posts: 692
Location: nairobi
Will we get KCB at below 45 again this year?
cyruskulei
#460 Posted : Wednesday, November 13, 2019 3:44:57 PM
Rank: Member


Joined: 3/9/2010
Posts: 203
Location: kenya
heri wrote:
Will we get KCB at below 45 again this year?


It will touch 44 in Dec. Then Jan 2020 it will begin to rise to 60.
Work hard at your job and you can make a living. Work hard on yourself and you can make a fortune.

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