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128 Pages«<124125126127128>
Kenya Economy Watch
Angelica _ann
#2501 Posted : Thursday, May 21, 2020 1:52:13 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,700
President Uhuru appoints 8 experts to Economic Recovery Council chaired by Hon Raila Odinga (former prime minister and council chairman), Hon Billow Kerrow (former Senator of Mandera County), Dr. Sabdiyo Dibo Bushina (an agricultural expert), Dr. Mukhisa Kituyi (former Minister of Trade and currently UNCTAD Secretary-General), Dr. Martin Odour Otieno (former Managing Director of KCB Bank Group), Eddie Njoroge (former Managing Director of KENGEN), Issac Ruto (former Bomet Governor) and Prof. Terry Rhyan (Treasury Advisor).
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Metch
#2502 Posted : Thursday, May 21, 2020 1:55:37 PM
Rank: Member


Joined: 12/22/2015
Posts: 208
Location: Mombasa, Kenya
Angelica _ann wrote:
President Uhuru appoints 8 experts to Economic Recovery Council chaired by Hon Raila Odinga (former prime minister and council chairman), Hon Billow Kerrow (former Senator of Mandera County), Dr. Sabdiyo Dibo Bushina (an agricultural expert), Dr. Mukhisa Kituyi (former Minister of Trade and currently UNCTAD Secretary-General), Dr. Martin Odour Otieno (former Managing Director of KCB Bank Group), Eddie Njoroge (former Managing Director of KENGEN), Issac Ruto (former Bomet Governor) and Prof. Terry Rhyan (Treasury Advisor).

Another dream team d'oh!
History repeating itself. Outcomes too
Start!
Monk
#2503 Posted : Thursday, May 21, 2020 2:21:25 PM
Rank: Member


Joined: 7/1/2009
Posts: 184
Metch wrote:
Angelica _ann wrote:
President Uhuru appoints 8 experts to Economic Recovery Council chaired by Hon Raila Odinga (former prime minister and council chairman), Hon Billow Kerrow (former Senator of Mandera County), Dr. Sabdiyo Dibo Bushina (an agricultural expert), Dr. Mukhisa Kituyi (former Minister of Trade and currently UNCTAD Secretary-General), Dr. Martin Odour Otieno (former Managing Director of KCB Bank Group), Eddie Njoroge (former Managing Director of KENGEN), Issac Ruto (former Bomet Governor) and Prof. Terry Rhyan (Treasury Advisor).

Another dream team d'oh!
History repeating itself. Outcomes too


I hope they don't take some of the positions we've seen from politicians and journalists, who seem to think rent payments for private rental housing should be deferred by force.

They are even proposing that banks must declare reasons for denying someone a loan, yet the state doesn't bear the risk of defaults, or the costs of recovering funds.


Extraterrestrial
#2504 Posted : Friday, May 22, 2020 6:53:34 AM
Rank: Member


Joined: 11/17/2018
Posts: 150
Location: Mars
Angelica _ann wrote:
President Uhuru appoints 8 experts to Economic Recovery Council chaired by Hon Raila Odinga (former prime minister and council chairman), Hon Billow Kerrow (former Senator of Mandera County), Dr. Sabdiyo Dibo Bushina (an agricultural expert), Dr. Mukhisa Kituyi (former Minister of Trade and currently UNCTAD Secretary-General), Dr. Martin Odour Otieno (former Managing Director of KCB Bank Group), Eddie Njoroge (former Managing Director of KENGEN), Issac Ruto (former Bomet Governor) and Prof. Terry Rhyan (Treasury Advisor).



https://www.kenyans.co.k...conomic-recovery-council
Ericsson
#2505 Posted : Friday, May 22, 2020 10:09:45 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,837
Location: NAIROBI
Amount of loans banks have restructured so far;
Equity bank ksh.92b
KCB ksh.115.1bn
NCBA ksh.35bn
CO-OP bank sh.15.3bn
ABSA ksh.8.3bn
Standard chartered ksh.8bn
DTB Ksh.40.7bn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
winmak
#2506 Posted : Friday, May 22, 2020 10:22:26 AM
Rank: Member


Joined: 12/1/2007
Posts: 512
Location: Nakuru
Ericsson wrote:
Amount of loans banks have restructured so far;
Equity bank ksh.92b
KCB ksh.110bn
NCBA ksh.35bn
CO-OP bank sh.15.3bn
ABSA ksh.8.3bn
Standard chartered ksh.8bn
DTB Ksh.40.7bn


For its Tier, COOP is really a mean bank
For investors as a whole, returns decrease as motion increases ~ WB
Angelica _ann
#2507 Posted : Friday, May 22, 2020 10:23:47 AM
Rank: Elder


Joined: 12/7/2012
Posts: 11,700
Ericsson wrote:
Amount of loans banks have restructured so far;
Equity bank ksh.92b
KCB ksh.110bn
NCBA ksh.35bn
CO-OP bank sh.15.3bn
ABSA ksh.8.3bn
Standard chartered ksh.8bn
DTB Ksh.40.7bn


These are reactionary, real restructuring and default still on the way from around July onwards.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
lochaz-index
#2508 Posted : Friday, May 22, 2020 10:40:50 AM
Rank: Veteran


Joined: 9/18/2014
Posts: 1,127
Ericsson wrote:
Amount of loans banks have restructured so far;
Equity bank ksh.92b
KCB ksh.110bn
NCBA ksh.35bn
CO-OP bank sh.15.3bn
ABSA ksh.8.3bn
Standard chartered ksh.8bn
DTB Ksh.40.7bn

That gives a total of 300 billion in two months. Most definitely the figure will continue rising as the economic toll becomes apparent. Total banking NPLs by June 2019 was around 350 billion constituting about 12.4% of the loan book. Assuming there is little to no write backs from these loans come July, that would put total sector NPLs at upwards of 650 billion or approximately 22% of the loan book(asssuming little to insignificant new loans were made in the intervening period).

Before the pandemic hit my estimate was a peak of 18-20% of the loan book purely on the basis of economic malaise. That will surely be surpassed and then some. All time high NPLs was 33% in back in 2001. Will this level be retested? Very probable if you factor in a depreciating currency and rising interest rates. That would come in at a ballpark figure of 1 trillion worth of NPLs.
The main purpose of the stock market is to make fools of as many people as possible.
heri
#2509 Posted : Friday, May 22, 2020 12:06:44 PM
Rank: Member


Joined: 9/14/2011
Posts: 776
Location: nairobi
lochaz-index wrote:
Ericsson wrote:
Amount of loans banks have restructured so far;
Equity bank ksh.92b
KCB ksh.110bn
NCBA ksh.35bn
CO-OP bank sh.15.3bn
ABSA ksh.8.3bn
Standard chartered ksh.8bn
DTB Ksh.40.7bn

That gives a total of 300 billion in two months. Most definitely the figure will continue rising as the economic toll becomes apparent. Total banking NPLs by June 2019 was around 350 billion constituting about 12.4% of the loan book. Assuming there is little to no write backs from these loans come July, that would put total sector NPLs at upwards of 650 billion or approximately 22% of the loan book(asssuming little to insignificant new loans were made in the intervening period).

Before the pandemic hit my estimate was a peak of 18-20% of the loan book purely on the basis of economic malaise. That will surely be surpassed and then some. All time high NPLs was 33% in back in 2001. Will this level be retested? Very probable if you factor in a depreciating currency and rising interest rates. That would come in at a ballpark figure of 1 trillion worth of NPLs.



@lochaz What does this mean ? and then other sectors like saccos will also be hit
Ericsson
#2510 Posted : Friday, May 22, 2020 1:17:26 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,837
Location: NAIROBI
heri wrote:
lochaz-index wrote:
Ericsson wrote:
Amount of loans banks have restructured so far;
Equity bank ksh.92b
KCB ksh.110bn
NCBA ksh.35bn
CO-OP bank sh.15.3bn
ABSA ksh.8.3bn
Standard chartered ksh.8bn
DTB Ksh.40.7bn

That gives a total of 300 billion in two months. Most definitely the figure will continue rising as the economic toll becomes apparent. Total banking NPLs by June 2019 was around 350 billion constituting about 12.4% of the loan book. Assuming there is little to no write backs from these loans come July, that would put total sector NPLs at upwards of 650 billion or approximately 22% of the loan book(asssuming little to insignificant new loans were made in the intervening period).

Before the pandemic hit my estimate was a peak of 18-20% of the loan book purely on the basis of economic malaise. That will surely be surpassed and then some. All time high NPLs was 33% in back in 2001. Will this level be retested? Very probable if you factor in a depreciating currency and rising interest rates. That would come in at a ballpark figure of 1 trillion worth of NPLs.



@lochaz What does this mean ? and then other sectors like saccos will also be hit


KCB figure revised upwards to 115.1bn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
ARAPCHARLEE
#2511 Posted : Friday, May 22, 2020 7:45:17 PM
Rank: New-farer


Joined: 4/28/2019
Posts: 79
Location: Talai
Thanks Wazuans.. knowing and Learning alot.
Horton
#2512 Posted : Friday, May 22, 2020 10:05:29 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,536
Location: Nairobi
Ericsson wrote:
heri wrote:
lochaz-index wrote:
Ericsson wrote:
Amount of loans banks have restructured so far;
Equity bank ksh.92b
KCB ksh.110bn
NCBA ksh.35bn
CO-OP bank sh.15.3bn
ABSA ksh.8.3bn
Standard chartered ksh.8bn
DTB Ksh.40.7bn

That gives a total of 300 billion in two months. Most definitely the figure will continue rising as the economic toll becomes apparent. Total banking NPLs by June 2019 was around 350 billion constituting about 12.4% of the loan book. Assuming there is little to no write backs from these loans come July, that would put total sector NPLs at upwards of 650 billion or approximately 22% of the loan book(asssuming little to insignificant new loans were made in the intervening period).

Before the pandemic hit my estimate was a peak of 18-20% of the loan book purely on the basis of economic malaise. That will surely be surpassed and then some. All time high NPLs was 33% in back in 2001. Will this level be retested? Very probable if you factor in a depreciating currency and rising interest rates. That would come in at a ballpark figure of 1 trillion worth of NPLs.



@lochaz What does this mean ? and then other sectors like saccos will also be hit


KCB figure revised upwards to 115.1bn


Wapi link?
ARAPCHARLEE
#2513 Posted : Saturday, May 23, 2020 12:08:39 AM
Rank: New-farer


Joined: 4/28/2019
Posts: 79
Location: Talai
Horton wrote:
Ericsson wrote:
heri wrote:
lochaz-index wrote:
Ericsson wrote:
Amount of loans banks have restructured so far;
Equity bank ksh.92b
KCB ksh.110bn
NCBA ksh.35bn
CO-OP bank sh.15.3bn
ABSA ksh.8.3bn
Standard chartered ksh.8bn
DTB Ksh.40.7bn

That gives a total of 300 billion in two months. Most definitely the figure will continue rising as the economic toll becomes apparent. Total banking NPLs by June 2019 was around 350 billion constituting about 12.4% of the loan book. Assuming there is little to no write backs from these loans come July, that would put total sector NPLs at upwards of 650 billion or approximately 22% of the loan book(asssuming little to insignificant new loans were made in the intervening period).

Before the pandemic hit my estimate was a peak of 18-20% of the loan book purely on the basis of economic malaise. That will surely be surpassed and then some. All time high NPLs was 33% in back in 2001. Will this level be retested? Very probable if you factor in a depreciating currency and rising interest rates. That would come in at a ballpark figure of 1 trillion worth of NPLs.



@lochaz What does this mean ? and then other sectors like saccos will also be hit


KCB figure revised upwards to 115.1bn


Wapi link?


I guess link inacome... I heard the same figure during 22.05.2020, 9 pm KBC BIZ NEWS.
obiero
#2514 Posted : Saturday, May 23, 2020 6:13:19 AM
Rank: Elder


Joined: 6/23/2009
Posts: 12,815
Location: nairobi
ARAPCHARLEE wrote:
Horton wrote:
Ericsson wrote:
heri wrote:
lochaz-index wrote:
Ericsson wrote:
Amount of loans banks have restructured so far;
Equity bank ksh.92b
KCB ksh.110bn
NCBA ksh.35bn
CO-OP bank sh.15.3bn
ABSA ksh.8.3bn
Standard chartered ksh.8bn
DTB Ksh.40.7bn

That gives a total of 300 billion in two months. Most definitely the figure will continue rising as the economic toll becomes apparent. Total banking NPLs by June 2019 was around 350 billion constituting about 12.4% of the loan book. Assuming there is little to no write backs from these loans come July, that would put total sector NPLs at upwards of 650 billion or approximately 22% of the loan book(asssuming little to insignificant new loans were made in the intervening period).

Before the pandemic hit my estimate was a peak of 18-20% of the loan book purely on the basis of economic malaise. That will surely be surpassed and then some. All time high NPLs was 33% in back in 2001. Will this level be retested? Very probable if you factor in a depreciating currency and rising interest rates. That would come in at a ballpark figure of 1 trillion worth of NPLs.



@lochaz What does this mean ? and then other sectors like saccos will also be hit


KCB figure revised upwards to 115.1bn


Wapi link?


I guess link inacome... I heard the same figure during 22.05.2020, 9 pm KBC BIZ NEWS.

@Ericsson I need to ask you something, if possible, please email me info@winda.co.ke
COOP 5,500 ABP12.6; HF 30,000 ABP 5.90; KCB 7,500 ABP 36; KQ 414,100 ABP 7.92
Ericsson
#2515 Posted : Saturday, May 23, 2020 10:15:25 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,837
Location: NAIROBI
ARAPCHARLEE wrote:
Horton wrote:
Ericsson wrote:
heri wrote:
lochaz-index wrote:
Ericsson wrote:
Amount of loans banks have restructured so far;
Equity bank ksh.92b
KCB ksh.110bn
NCBA ksh.35bn
CO-OP bank sh.15.3bn
ABSA ksh.8.3bn
Standard chartered ksh.8bn
DTB Ksh.40.7bn

That gives a total of 300 billion in two months. Most definitely the figure will continue rising as the economic toll becomes apparent. Total banking NPLs by June 2019 was around 350 billion constituting about 12.4% of the loan book. Assuming there is little to no write backs from these loans come July, that would put total sector NPLs at upwards of 650 billion or approximately 22% of the loan book(asssuming little to insignificant new loans were made in the intervening period).

Before the pandemic hit my estimate was a peak of 18-20% of the loan book purely on the basis of economic malaise. That will surely be surpassed and then some. All time high NPLs was 33% in back in 2001. Will this level be retested? Very probable if you factor in a depreciating currency and rising interest rates. That would come in at a ballpark figure of 1 trillion worth of NPLs.



@lochaz What does this mean ? and then other sectors like saccos will also be hit


KCB figure revised upwards to 115.1bn


Wapi link?


I guess link inacome... I heard the same figure during 22.05.2020, 9 pm KBC BIZ NEWS.


Link as below;

https://twitter.com/KCBG...tus/1263752698421264390
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#2516 Posted : Sunday, May 24, 2020 7:14:45 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,837
Location: NAIROBI
Metch wrote:
Angelica _ann wrote:
President Uhuru appoints 8 experts to Economic Recovery Council chaired by Hon Raila Odinga (former prime minister and council chairman), Hon Billow Kerrow (former Senator of Mandera County), Dr. Sabdiyo Dibo Bushina (an agricultural expert), Dr. Mukhisa Kituyi (former Minister of Trade and currently UNCTAD Secretary-General), Dr. Martin Odour Otieno (former Managing Director of KCB Bank Group), Eddie Njoroge (former Managing Director of KENGEN), Issac Ruto (former Bomet Governor) and Prof. Terry Rhyan (Treasury Advisor).

Another dream team d'oh!
History repeating itself. Outcomes too


If there is no will to turnaround KQ and other government parastatals will there be a will to turnaround the economy?
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#2517 Posted : Sunday, May 24, 2020 11:06:14 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,837
Location: NAIROBI
ARAPCHARLEE wrote:
Horton wrote:
Ericsson wrote:
heri wrote:
lochaz-index wrote:
Ericsson wrote:
Amount of loans banks have restructured so far;
Equity bank ksh.92b
KCB ksh.110bn
NCBA ksh.35bn
CO-OP bank sh.15.3bn
ABSA ksh.8.3bn
Standard chartered ksh.8bn
DTB Ksh.40.7bn

That gives a total of 300 billion in two months. Most definitely the figure will continue rising as the economic toll becomes apparent. Total banking NPLs by June 2019 was around 350 billion constituting about 12.4% of the loan book. Assuming there is little to no write backs from these loans come July, that would put total sector NPLs at upwards of 650 billion or approximately 22% of the loan book(asssuming little to insignificant new loans were made in the intervening period).

Before the pandemic hit my estimate was a peak of 18-20% of the loan book purely on the basis of economic malaise. That will surely be surpassed and then some. All time high NPLs was 33% in back in 2001. Will this level be retested? Very probable if you factor in a depreciating currency and rising interest rates. That would come in at a ballpark figure of 1 trillion worth of NPLs.



@lochaz What does this mean ? and then other sectors like saccos will also be hit


KCB figure revised upwards to 115.1bn


Wapi link?


I guess link inacome... I heard the same figure during 22.05.2020, 9 pm KBC BIZ NEWS.


ABSA kenya figures have clocked ksh.16bn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#2518 Posted : Monday, May 25, 2020 7:13:58 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,837
Location: NAIROBI
https://www.kenyans.co.k...-chinese-firm-over-fraud
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#2519 Posted : Wednesday, May 27, 2020 9:27:30 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,837
Location: NAIROBI
Ericsson wrote:
Amount of loans banks have restructured so far;
Equity bank ksh.92b
KCB ksh.115.1bn
NCBA ksh.35bn
CO-OP bank sh.15.3bn
ABSA ksh.28.5bn
Standard chartered ksh.8bn
DTB Ksh.40.7bn


ABSA kenya restructured 30,000 loan accounts
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#2520 Posted : Friday, May 29, 2020 8:46:49 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,837
Location: NAIROBI
Sentiment hotel and lodges to shut down all 7 properties and layoff 700.

East African Portland cement to layoff more employees.

Fairmont group shuts down and fires all employees
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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