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27 Pages«<2324252627>
KCB 2018 and Beyond
shocks
#481 Posted : Saturday, November 16, 2019 12:07:20 AM
Rank: Member


Joined: 3/15/2009
Posts: 347
Ebenyo wrote:
Kingotore wrote:
When is the interim divided been paid?



15th Nov 2019

Received, nimekunywa kitu already
Ericsson
#482 Posted : Saturday, November 16, 2019 7:29:06 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,384
Location: NAIROBI
obiero
#483 Posted : Saturday, November 16, 2019 1:57:07 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,676
Location: nairobi
Ericsson wrote:
https://www.businessdailyafrica.com/corporate/companies/Russo-NBK-huge-bad-loans-pile/4003102-5349626-ld1b60z/index.html

Promising
www.winda.co.ke
Ericsson
#484 Posted : Monday, November 18, 2019 11:57:42 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,384
Location: NAIROBI
obiero wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/corporate/companies/Russo-NBK-huge-bad-loans-pile/4003102-5349626-ld1b60z/index.html

Promising



Will KCB do a rights issue to recapitalise NBK now that integration of NBK into KCB Bank kenya have been put on hold plus funds needed to enter Ethiopia.
Change of law to allow foreign banking entities to do commercial operations is expected to be done within two years.
heri
#485 Posted : Tuesday, November 19, 2019 6:18:01 PM
Rank: Member


Joined: 9/14/2011
Posts: 742
Location: nairobi
Is KCB/NBK going to be significantly impacted by the Treasury's move to have parastatals surrender money they are holding?
Ericsson
#486 Posted : Tuesday, November 19, 2019 7:51:21 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,384
Location: NAIROBI
heri wrote:
Is KCB/NBK going to be significantly impacted by the Treasury's move to have parastatals surrender money they are holding?


None is a parastatal.
heri
#487 Posted : Wednesday, November 20, 2019 8:17:23 AM
Rank: Member


Joined: 9/14/2011
Posts: 742
Location: nairobi
Ericsson wrote:
heri wrote:
Is KCB/NBK going to be significantly impacted by the Treasury's move to have parastatals surrender money they are holding?


None is a parastatal.


Ofcourse, but don't they hold most of the cash in parastatals? which will move out
Ericsson
#488 Posted : Wednesday, November 20, 2019 1:13:34 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,384
Location: NAIROBI
https://www.businessdail...55562-bifi8u/index.html

The National Bank of Kenya (NBK) has announced mass property auctions in a fresh bid to recover Sh22 billion owed by 30 borrowers.

The bank said it has hired top lawyers to pursue the outstanding loans, marking its first step in reducing non-performing loans (NPLs) just weeks after KCB Group sealed the purchase of NBK in a share swap deal.

The defaulted loans are equivalent to 68.7 percent of the Sh32 billion gross non-performing loans on NBK books as at the end of September.

Paul Russo, the NBK managing director who was tapped from KCB to oversee the integration, said the bank will hire “hardcore lawyers” to pursue intentional defaulters and clean up the loan mess that was brought by weak oversight.
Angelica _ann
#489 Posted : Wednesday, November 20, 2019 2:57:24 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,459
Del. smile
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
#490 Posted : Wednesday, November 20, 2019 6:27:43 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,384
Location: NAIROBI
cyruskulei wrote:
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.


Today it touched below 50
Ericsson
#491 Posted : Wednesday, December 11, 2019 5:21:58 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,384
Location: NAIROBI
https://www.capitalfm.co...th-nbk-for-hino-trucks/

The Toyota Kenya company through its Hino Division, today signed a partnership agreement with National Bank (NBK) that will allow customers to get up to 100 per cent financing, payable within sixty months on Hino trucks and buses.

According to Managing Director Toyota Kenya Arvinder Reel, the strategic deal is expected to boost the SME sector by giving entrepreneurs affordable access to high end trucks and buses for their businesses.

His sentiments were echoed by National bank Managing Director Paul Russo who said the asset financing product is designed to support existing businesses in the transport industry by providing relevant financial solutions.

“We welcome the financing partnership with National Bank as we endeavor to offer our Hino customers an easier way to acquire assets that will support their business especially in the prevailing economic conditions. Hino trucks are the best-selling in Japan, and we have transferred the winning technology and combining it with the knowledge of the local terrain in producing a truck that runs efficiently, Reel said”

According to Russo, NBK will be giving customers who qualify for the financing a 60-day repayment holiday.

Additionally, customers who purchase Hino trucks and buses under the agreement terms will receive up to Sh300,000 in working capital from the bank, payable within 12 months.

“This strategic partnership highlights our commitment to consistently deliver value-added financial services to our customers, particularly in the SME segment. Our plan is to support businesses across industries to thrive, create jobs and unlock other economic benefits,” said Russo.

Hino trucks, which are assembled locally, have been optimized with a quality chassis, power train and suspension system to handle the local harsh terrains, and provide superior comfort for both the driver and the passengers.

“The two models, the Hino 300 and Hino 500 FC trucks have particularly done well in the market with customers identifying the engine as being key since it offers the best fuel efficiency in the market and low emissions,” Reel added.
Ebenyo
#492 Posted : Thursday, December 12, 2019 2:35:25 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,814
Location: Kitale
Ericsson wrote:
obiero wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/corporate/companies/Russo-NBK-huge-bad-loans-pile/4003102-5349626-ld1b60z/index.html

Promising



Will KCB do a rights issue to recapitalise NBK now that integration of NBK into KCB Bank kenya have been put on hold plus funds needed to enter Ethiopia.
Change of law to allow foreign banking entities to do commercial operations is expected to be done within two years.



rights issue looks foreseeable.
This year dividends will be the same as last year.
Towards the goal of financial freedom
Ericsson
#493 Posted : Thursday, December 12, 2019 4:29:32 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,384
Location: NAIROBI
Ebenyo wrote:
Ericsson wrote:
obiero wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/corporate/companies/Russo-NBK-huge-bad-loans-pile/4003102-5349626-ld1b60z/index.html

Promising



Will KCB do a rights issue to recapitalise NBK now that integration of NBK into KCB Bank kenya have been put on hold plus funds needed to enter Ethiopia.
Change of law to allow foreign banking entities to do commercial operations is expected to be done within two years.



rights issue looks foreseeable.
This year dividends will be the same as last year.


Nbk to be recapitalized and in compliance with statutory ratios by end of 2019.
According to Paul Russo
Ericsson
#494 Posted : Monday, December 16, 2019 11:53:47 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,384
Location: NAIROBI
Kenya Red Cross (KRC) run Boma Hotels has been placed under receivership after failing to repay loans owed to National Bank of Kenya.
Angelica _ann
#495 Posted : Monday, December 16, 2019 12:24:41 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,459
Ericsson wrote:
Kenya Red Cross (KRC) run Boma Hotels has been placed under receivership after failing to repay loans owed to National Bank of Kenya.


How did Abbas allow this ...... we can fundraise smile
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
newfarer
#496 Posted : Monday, December 16, 2019 12:49:55 PM
Rank: Elder


Joined: 3/19/2010
Posts: 3,458
Location: Uganda
Ericsson wrote:
Kenya Red Cross (KRC) run Boma Hotels has been placed under receivership after failing to repay loans owed to National Bank of Kenya.

Sad state of economy.. Even after rate cap removal
punda amecheka
KaunganaDoDo
#497 Posted : Monday, December 16, 2019 1:38:44 PM
Rank: Member


Joined: 8/6/2018
Posts: 233
Ericsson wrote:
Kenya Red Cross (KRC) run Boma Hotels has been placed under receivership after failing to repay loans owed to National Bank of Kenya.


Sheikh Munir legacy loans...the loan was owned by Equity Bank, non perfoming...came Sheikh Munir CEO of NBK,,,bought the over 4B loan and it remained non performing
Ebenyo
#498 Posted : Monday, December 16, 2019 7:43:09 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,814
Location: Kitale
Ericsson wrote:
Kenya Red Cross (KRC) run Boma Hotels has been placed under receivership after failing to repay loans owed to National Bank of Kenya.



There is a big difference between charity and business.
Red cross management must have been infiltrated by corrupt elements.
Towards the goal of financial freedom
xtina
#499 Posted : Tuesday, December 17, 2019 8:46:44 AM
Rank: Member


Joined: 6/26/2008
Posts: 329
Ebenyo wrote:
Ericsson wrote:
Kenya Red Cross (KRC) run Boma Hotels has been placed under receivership after failing to repay loans owed to National Bank of Kenya.



There is a big difference between charity and business.
Red cross management must have been infiltrated by corrupt elements.


Social media rumors and shenanigans said the money raised during the Kenya for Kenyans initiative some time back ilienda hapa Boma hotels, mfuko ya Abbas na Gina Din...
Ericsson
#500 Posted : Tuesday, December 17, 2019 9:05:34 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,384
Location: NAIROBI
KaunganaDoDo wrote:
Ericsson wrote:
Kenya Red Cross (KRC) run Boma Hotels has been placed under receivership after failing to repay loans owed to National Bank of Kenya.


Sheikh Munir legacy loans...the loan was owned by Equity Bank, non perfoming...came Sheikh Munir CEO of NBK,,,bought the over 4B loan and it remained non performing


KCB are ruthless,next will be PCEA who defaulted on an NBK loan.
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