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27 Pages«<24252627>
KCB 2018 and Beyond
Gathige
#501 Posted : Tuesday, December 17, 2019 10:25:40 AM
Rank: Elder


Joined: 3/29/2011
Posts: 2,135
Ericsson wrote:
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.



Looks like the PCEA and NBK have reached an agreement. NBK is selling portion of the land directly to the public in Ruiru and has left the rest to PCEA. This looks more amicable than the court battle.
"Things that matter most must never be at the mercy of things that matter least." Goethe
Ericsson
#502 Posted : Friday, December 20, 2019 9:52:00 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,377
Location: NAIROBI
Gathige wrote:
Ericsson wrote:
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.



Looks like the PCEA and NBK have reached an agreement. NBK is selling portion of the land directly to the public in Ruiru and has left the rest to PCEA. This looks more amicable than the court battle.


41.5% YTD share price appreciation
Ericsson
#503 Posted : Friday, December 20, 2019 11:39:35 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,377
Location: NAIROBI
https://www.businessdail...92324-m92y60/index.html
KCB Group has joined the fight over the ownership of the land hosting Weston Hotel in Nairobi on grounds that the lender gave the Sh1.2 billion loan used to build the facility associated with Deputy President William Ruto.
The bank is now locked in a court battle where the Kenya Civil Aviation Authority (KCAA) is claiming ownership of the land and wants the hotel demolished and the property handed back to it.

The bank argues that it risks losing the Sh1.2 billion plus interest on loan if the court grants the aviation regulator its wish since the title property was used as security for the loan.

“At the time of registration, the interested party (KCB) did a due diligence and fulfilled all prerequisites to registration of the charge in land as required by law,” the bank said in documents filed in court.
In the application filed before the Environment and Land Court, KCB said that it had done due diligence and confirmed that Weston Hotel was the registered proprietor of the land before advancing more than Sh1.2 billion to the hotel four years ago.
Ebenyo
#504 Posted : Saturday, December 21, 2019 7:14:55 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,814
Location: Kitale
Ericsson wrote:
https://www.businessdailyafrica.com/news/KCB-discloses-Sh1-2bn-loan-in-Weston-Hotel/539546-5392324-m92y60/index.html
KCB Group has joined the fight over the ownership of the land hosting Weston Hotel in Nairobi on grounds that the lender gave the Sh1.2 billion loan used to build the facility associated with Deputy President William Ruto.
The bank is now locked in a court battle where the Kenya Civil Aviation Authority (KCAA) is claiming ownership of the land and wants the hotel demolished and the property handed back to it.

The bank argues that it risks losing the Sh1.2 billion plus interest on loan if the court grants the aviation regulator its wish since the title property was used as security for the loan.

“At the time of registration, the interested party (KCB) did a due diligence and fulfilled all prerequisites to registration of the charge in land as required by law,” the bank said in documents filed in court.
In the application filed before the Environment and Land Court, KCB said that it had done due diligence and confirmed that Weston Hotel was the registered proprietor of the land before advancing more than Sh1.2 billion to the hotel four years ago.




we wonder if this loan will be paid when the guy becomes president in 2022.
Towards the goal of financial freedom
VituVingiSana
#505 Posted : Saturday, December 21, 2019 11:00:35 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,965
Location: Nairobi
Ebenyo wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/news/KCB-discloses-Sh1-2bn-loan-in-Weston-Hotel/539546-5392324-m92y60/index.html
KCB Group has joined the fight over the ownership of the land hosting Weston Hotel in Nairobi on grounds that the lender gave the Sh1.2 billion loan used to build the facility associated with Deputy President William Ruto.
The bank is now locked in a court battle where the Kenya Civil Aviation Authority (KCAA) is claiming ownership of the land and wants the hotel demolished and the property handed back to it.

The bank argues that it risks losing the Sh1.2 billion plus interest on loan if the court grants the aviation regulator its wish since the title property was used as security for the loan.

“At the time of registration, the interested party (KCB) did a due diligence and fulfilled all prerequisites to registration of the charge in land as required by law,” the bank said in documents filed in court.
In the application filed before the Environment and Land Court, KCB said that it had done due diligence and confirmed that Weston Hotel was the registered proprietor of the land before advancing more than Sh1.2 billion to the hotel four years ago.


we wonder if this loan will be paid when the guy becomes president in 2022.
It will be sorted out whether "forgiven" or paid off by other means.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#506 Posted : Wednesday, December 25, 2019 3:42:50 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,377
Location: NAIROBI
Ebenyo
#507 Posted : Thursday, December 26, 2019 7:09:50 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,814
Location: Kitale
Ericsson wrote:
https://www.nation.co.ke/news/Collapse-of-firm-in-Bura-project-sinks-taxpayers-cash/1056-5396552-cxddexz/index.html



Tomorrow kcb will trade at below 53.25
Towards the goal of financial freedom
Ericsson
#508 Posted : Monday, January 06, 2020 11:24:08 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,377
Location: NAIROBI
https://www.businessdail...08830-8vv52p/index.html

KCB Group has provided new capital of undisclosed amount to its newly acquired subsidiary National Bank of Kenya (NBK) which had suffered capital shortfalls for years.

The country’s biggest bank says NBK is now well capitalised, with the new funds provided towards the end of last year.

“We provided the funds last week. NBK is now compliant in terms of capital,” said Lawrence Kimathi, KCB’s chief financial officer. He declined to reveal the size of the capital injection, saying it will soon become public.

KCB had initially estimated a capital injection of up to Sh7.5 billion, with the actual figure pegged on the success level of NBK bad debt recovery.
Ericsson
#509 Posted : Thursday, January 09, 2020 10:24:11 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,377
Location: NAIROBI
Ericsson wrote:
https://www.businessdailyafrica.com/corporate/companies/KCB-wires-new-funds-into-National-Bank/4003102-5408830-8vv52p/index.html

KCB Group has provided new capital of undisclosed amount to its newly acquired subsidiary National Bank of Kenya (NBK) which had suffered capital shortfalls for years.

The country’s biggest bank says NBK is now well capitalised, with the new funds provided towards the end of last year.

“We provided the funds last week. NBK is now compliant in terms of capital,” said Lawrence Kimathi, KCB’s chief financial officer. He declined to reveal the size of the capital injection, saying it will soon become public.

KCB had initially estimated a capital injection of up to Sh7.5 billion, with the actual figure pegged on the success level of NBK bad debt recovery.


https://www.businessdail...1794-pq9ubgz/index.html

KCB Group has injected Sh5 billion in its newly acquired subsidiary National Bank of Kenya (NBK) enabling it to comply with capital requirements after suffering shortfalls for years.
Ericsson
#510 Posted : Thursday, January 09, 2020 2:06:24 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,377
Location: NAIROBI
Ericsson
#511 Posted : Monday, January 13, 2020 10:42:36 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,377
Location: NAIROBI
Cytonn have given KCB a price target of 64 while Genghis 73
mlennyma
#512 Posted : Monday, January 13, 2020 1:29:46 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,034
Location: nairobi
Ericsson wrote:
Cytonn have given KCB a price target of 64 while Genghis 73

and me 100 before 2022
"Don't let the fear of losing be greater than the excitement of winning."
Ebenyo
#513 Posted : Monday, January 13, 2020 5:21:07 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,814
Location: Kitale
mlennyma wrote:
Ericsson wrote:
Cytonn have given KCB a price target of 64 while Genghis 73

and me 100 before 2022




KCB current nav per share is 38.10
My own abp is 38.20.
So you guys are just thrilled at increasing numbers while I'm waiting at decreasing numbers.
Towards the goal of financial freedom
Monk
#514 Posted : Wednesday, January 15, 2020 7:17:05 PM
Rank: Member


Joined: 7/1/2009
Posts: 159
Ebenyo wrote:
mlennyma wrote:
Ericsson wrote:
Cytonn have given KCB a price target of 64 while Genghis 73

and me 100 before 2022




KCB current nav per share is 38.10
My own abp is 38.20.
So you guys are just thrilled at increasing numbers while I'm waiting at decreasing numbers.


Looks like its coming down.
My own apb is 29
Waiting for it at lower prices too
Ebenyo
#515 Posted : Wednesday, January 15, 2020 8:35:48 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,814
Location: Kitale
Monk wrote:
Ebenyo wrote:
mlennyma wrote:
Ericsson wrote:
Cytonn have given KCB a price target of 64 while Genghis 73

and me 100 before 2022




KCB current nav per share is 38.10
My own abp is 38.20.
So you guys are just thrilled at increasing numbers while I'm waiting at decreasing numbers.


Looks like its coming down.
My own apb is 29
Waiting for it at lower prices too



Applause Applause will be glad to lower my abp.Kcb has done me good for four years now.Last year my dividend yield was 8%
Towards the goal of financial freedom
Ericsson
#516 Posted : Monday, January 27, 2020 4:52:00 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,377
Location: NAIROBI
NBK has a 3.5% stake in Industrial Development Bank (IDB.
Ericsson
#517 Posted : Friday, May 15, 2020 8:23:35 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,377
Location: NAIROBI
KCB to report 2020 Q1 results on Tuesday May 19
Horton
#518 Posted : Friday, May 15, 2020 9:56:12 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,513
Location: Nairobi
Ericsson wrote:
KCB to report 2020 Q1 results on Tuesday May 19


Should be good/predictable . Problem would be Q2
Angelica _ann
#519 Posted : Friday, May 15, 2020 10:00:02 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,457
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 the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
obiero
#520 Posted : Saturday, May 16, 2020 5:13:07 AM
Rank: Elder


Joined: 6/23/2009
Posts: 12,673
Location: nairobi
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

You will be surprised
www.winda.co.ke
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