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60 Pages«<5657585960>
KCB buy buy buy
obiero
#1141 Posted : Friday, May 22, 2020 6:16:04 AM
Rank: Elder


Joined: 6/23/2009
Posts: 12,763
Location: nairobi
heri wrote:
Ericsson wrote:
obiero wrote:
Ebenyo wrote:
Ericsson wrote:
obiero wrote:
Ebenyo wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/corporate/companies/KCB-restructures-Sh80bn-loans-on-corona-cash-crunch/4003102-5550748-lue4um/index.html

A drop in interest income in the offing plus a dividend reduction



I doubt.The percentage is small at 15%

15% of 800B is not small.. Recall that it is a moratorium on P+I

@Ebenyo
Calculate the figure and tell us it's how much



It's kshs 12,000,000,000.How will that affect dividend payments? at worst dividend will remain the same.

A fatal assumption.. Note that I hold this stock


KCB figure of restructured loans has been revised upwards to ksh.110bn


i suppose these figures will continue climbing up now that we are being told covid cases will peak in sept

The fact is that many businesses will collapse
COOP 5,500 ABP12.6; HF 30,000 ABP 5.90; KCB 7,500 ABP 36; KQ 414,100 ABP 7.92
Ericsson
#1142 Posted : Friday, May 22, 2020 3:48:19 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,557
Location: NAIROBI
obiero wrote:
heri wrote:
Ericsson wrote:
obiero wrote:
Ebenyo wrote:
Ericsson wrote:
obiero wrote:
Ebenyo wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/corporate/companies/KCB-restructures-Sh80bn-loans-on-corona-cash-crunch/4003102-5550748-lue4um/index.html

A drop in interest income in the offing plus a dividend reduction



I doubt.The percentage is small at 15%

15% of 800B is not small.. Recall that it is a moratorium on P+I

@Ebenyo
Calculate the figure and tell us it's how much



It's kshs 12,000,000,000.How will that affect dividend payments? at worst dividend will remain the same.

A fatal assumption.. Note that I hold this stock


KCB figure of restructured loans has been revised upwards to ksh.110bn


i suppose these figures will continue climbing up now that we are being told covid cases will peak in sept

The fact is that many businesses will collapse


Like Tuskys supermarket chain
Ericsson
#1143 Posted : Friday, May 22, 2020 3:50:39 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,557
Location: NAIROBI
KCB Bank Kenya Limited ,the Kenyan subsidiary of Kenya Commercial Bank Group has acquired sh.3.2billion worth of Imperial Bank Kenya Limited assets ,currently under receivership and assumed liabilities of the same amount to be paid over a period of four years.

https://mobile.twitter.c...3804909381734401/photo/1
Angelica _ann
#1144 Posted : Friday, May 22, 2020 3:59:49 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,596
Ericsson wrote:
obiero wrote:
heri wrote:
Ericsson wrote:
obiero wrote:
Ebenyo wrote:
Ericsson wrote:
obiero wrote:
Ebenyo wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/corporate/companies/KCB-restructures-Sh80bn-loans-on-corona-cash-crunch/4003102-5550748-lue4um/index.html

A drop in interest income in the offing plus a dividend reduction



I doubt.The percentage is small at 15%

15% of 800B is not small.. Recall that it is a moratorium on P+I

@Ebenyo
Calculate the figure and tell us it's how much



It's kshs 12,000,000,000.How will that affect dividend payments? at worst dividend will remain the same.

A fatal assumption.. Note that I hold this stock


KCB figure of restructured loans has been revised upwards to ksh.110bn


i suppose these figures will continue climbing up now that we are being told covid cases will peak in sept

The fact is that many businesses will collapse


Like Tuskys supermarket chain


Tuskys currently struggling to pay suppliers and vendors. Give it 2 years.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Horton
#1145 Posted : Saturday, May 23, 2020 8:11:31 AM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,528
Location: Nairobi
Imperial bank assets also finalized. Looks like 1T in assets may come sooner than advertised.

https://www.the-star.co....on-imperial-bank-assets/
Ericsson
#1146 Posted : Saturday, May 23, 2020 11:52:25 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,557
Location: NAIROBI
KCB Bank Kenya has restructured facilities worth over Sh115.1 Billion to cushion customers against the effects of the COVID-19 pandemic. This has seen customers apply for their loans to be restructured, credit lines expanded & loan tenures extended to keep them financially afloat.

Since mid-March, the Bank has approved the restructuring of
Sh91.3B worth of corporate loans
Sh20.4B in loans to mortgage customers.
Sh3.4B for retail customers
Horton
#1147 Posted : Saturday, May 23, 2020 7:12:00 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,528
Location: Nairobi
Ericsson wrote:
KCB Bank Kenya has restructured facilities worth over Sh115.1 Billion to cushion customers against the effects of the COVID-19 pandemic. This has seen customers apply for their loans to be restructured, credit lines expanded & loan tenures extended to keep them financially afloat.

Since mid-March, the Bank has approved the restructuring of
Sh91.3B worth of corporate loans
Sh20.4B in loans to mortgage customers.
Sh3.4B for retail customers


https://www.bloomberg.co...-1-billion-loan-reviews

“Most of it is our large customers, institutional clients, that’s around 90 billion shillings,” KCB Group Ltd. Chief Executive Officer Joshua Oigara said in an interview. “We have another 20 billion shillings for our mortgage customers and real estate, and the balance is for retail loans, which we haven’t seen much impact yet.”

So let me get this straight:
- Loans are extended by x months
- Interest is still due


Where is the problem?
VituVingiSana
#1148 Posted : Saturday, May 23, 2020 7:14:54 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,089
Location: Nairobi
Ericsson wrote:
KCB Bank Kenya has restructured facilities worth over Sh115.1 Billion to cushion customers against the effects of the COVID-19 pandemic. This has seen customers apply for their loans to be restructured, credit lines expanded & loan tenures extended to keep them financially afloat.

Since mid-March, the Bank has approved the restructuring of
Sh91.3B worth of corporate loans
Sh20.4B in loans to mortgage customers.
Sh3.4B for retail customers

Some of these would have defaulted, COVID or not, but it is too soon to tell. Tough times for businesses for the next 3-5 years given the election is coming up and there will be post-election pain.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#1149 Posted : Saturday, May 23, 2020 8:42:28 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,763
Location: nairobi
Horton wrote:
Ericsson wrote:
KCB Bank Kenya has restructured facilities worth over Sh115.1 Billion to cushion customers against the effects of the COVID-19 pandemic. This has seen customers apply for their loans to be restructured, credit lines expanded & loan tenures extended to keep them financially afloat.

Since mid-March, the Bank has approved the restructuring of
Sh91.3B worth of corporate loans
Sh20.4B in loans to mortgage customers.
Sh3.4B for retail customers


https://www.bloomberg.co...-1-billion-loan-reviews

“Most of it is our large customers, institutional clients, that’s around 90 billion shillings,” KCB Group Ltd. Chief Executive Officer Joshua Oigara said in an interview. “We have another 20 billion shillings for our mortgage customers and real estate, and the balance is for retail loans, which we haven’t seen much impact yet.”

So let me get this straight:
- Loans are extended by x months
- Interest is still due


Where is the problem?

No problem at all. Kicking the can down the road
COOP 5,500 ABP12.6; HF 30,000 ABP 5.90; KCB 7,500 ABP 36; KQ 414,100 ABP 7.92
Horton
#1150 Posted : Saturday, May 23, 2020 9:05:18 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,528
Location: Nairobi
obiero wrote:
Horton wrote:
Ericsson wrote:
KCB Bank Kenya has restructured facilities worth over Sh115.1 Billion to cushion customers against the effects of the COVID-19 pandemic. This has seen customers apply for their loans to be restructured, credit lines expanded & loan tenures extended to keep them financially afloat.

Since mid-March, the Bank has approved the restructuring of
Sh91.3B worth of corporate loans
Sh20.4B in loans to mortgage customers.
Sh3.4B for retail customers


https://www.bloomberg.co...-1-billion-loan-reviews

“Most of it is our large customers, institutional clients, that’s around 90 billion shillings,” KCB Group Ltd. Chief Executive Officer Joshua Oigara said in an interview. “We have another 20 billion shillings for our mortgage customers and real estate, and the balance is for retail loans, which we haven’t seen much impact yet.”

So let me get this straight:
- Loans are extended by x months
- Interest is still due


Where is the problem?

No problem at all. Kicking the can down the road


True 😂😂 for individuals anyways but good for the banks. I’m guessing coz it’s assuring them of business
Ebenyo
#1151 Posted : Sunday, May 24, 2020 7:37:11 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,829
Location: Kitale
Horton wrote:
Ericsson wrote:
KCB Bank Kenya has restructured facilities worth over Sh115.1 Billion to cushion customers against the effects of the COVID-19 pandemic. This has seen customers apply for their loans to be restructured, credit lines expanded & loan tenures extended to keep them financially afloat.

Since mid-March, the Bank has approved the restructuring of
Sh91.3B worth of corporate loans
Sh20.4B in loans to mortgage customers.
Sh3.4B for retail customers


https://www.bloomberg.co...-1-billion-loan-reviews

“Most of it is our large customers, institutional clients, that’s around 90 billion shillings,” KCB Group Ltd. Chief Executive Officer Joshua Oigara said in an interview. “We have another 20 billion shillings for our mortgage customers and real estate, and the balance is for retail loans, which we haven’t seen much impact yet.”

So let me get this straight:
- Loans are extended by x months
- Interest is still due


Where is the problem?



Good for business in the long term
Towards the goal of financial freedom
Angelica _ann
#1152 Posted : Sunday, May 24, 2020 9:30:12 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,596
Ebenyo wrote:
Horton wrote:
Ericsson wrote:
KCB Bank Kenya has restructured facilities worth over Sh115.1 Billion to cushion customers against the effects of the COVID-19 pandemic. This has seen customers apply for their loans to be restructured, credit lines expanded & loan tenures extended to keep them financially afloat.

Since mid-March, the Bank has approved the restructuring of
Sh91.3B worth of corporate loans
Sh20.4B in loans to mortgage customers.
Sh3.4B for retail customers


https://www.bloomberg.co...-1-billion-loan-reviews

“Most of it is our large customers, institutional clients, that’s around 90 billion shillings,” KCB Group Ltd. Chief Executive Officer Joshua Oigara said in an interview. “We have another 20 billion shillings for our mortgage customers and real estate, and the balance is for retail loans, which we haven’t seen much impact yet.”

So let me get this straight:
- Loans are extended by x months
- Interest is still due


Where is the problem?



Good for business in the long term


You are assuming that once the loans are restructured (with the longer repaymet period), then repayment is guaranteed - nope.

Plus going forward, there will be more restructing and less and less entities will be qualifying for loans.

You will see a shift to investment in t/bills and t/bonds by banks soon (increased purchase of)- 3rd quarter 2020.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Horton
#1153 Posted : Sunday, May 24, 2020 9:45:40 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,528
Location: Nairobi
Angelica _ann wrote:
Ebenyo wrote:
Horton wrote:
Ericsson wrote:
KCB Bank Kenya has restructured facilities worth over Sh115.1 Billion to cushion customers against the effects of the COVID-19 pandemic. This has seen customers apply for their loans to be restructured, credit lines expanded & loan tenures extended to keep them financially afloat.

Since mid-March, the Bank has approved the restructuring of
Sh91.3B worth of corporate loans
Sh20.4B in loans to mortgage customers.
Sh3.4B for retail customers


https://www.bloomberg.co...-1-billion-loan-reviews

“Most of it is our large customers, institutional clients, that’s around 90 billion shillings,” KCB Group Ltd. Chief Executive Officer Joshua Oigara said in an interview. “We have another 20 billion shillings for our mortgage customers and real estate, and the balance is for retail loans, which we haven’t seen much impact yet.”

So let me get this straight:
- Loans are extended by x months
- Interest is still due


Where is the problem?



Good for business in the long term


You are assuming that once the loans are restructured (with the longer repaymet period), then repayment is guaranteed - nope.

Plus going forward, there will be more restructing and less and less entities will be qualifying for loans.

You will see a shift to investment in t/bills and t/bonds by banks soon (increased purchase of)- 3rd quarter 2020.


Nothing is guaranteed in life. It’s just to do with calculated bets. Even if there was no COVID some were bound to default.

However, KCB has mostly restructured institutional clients thus far.
Ericsson
#1154 Posted : Sunday, May 24, 2020 11:41:21 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,557
Location: NAIROBI
aemathenge
#1155 Posted : Monday, May 25, 2020 10:04:15 AM
Rank: Elder


Joined: 10/18/2008
Posts: 3,297
Location: Kerugoya
From Image Registrars - ImageR

Dear Shareholder please register to participate in the KCB Group AGM by dialing *384*801# and follow the prompts.

Please note that the registration will close on 1st June 2020 at 11.00 AM.

You can also choose to receive future dividends via mobile money during the registration.

Time: 25/05/2020 10:06:39
Ericsson
#1156 Posted : Tuesday, May 26, 2020 10:43:10 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,557
Location: NAIROBI
Ericsson wrote:
KCB Bank Kenya has restructured facilities worth over Sh115.1 Billion to cushion customers against the effects of the COVID-19 pandemic. This has seen customers apply for their loans to be restructured, credit lines expanded & loan tenures extended to keep them financially afloat.

Since mid-March, the Bank has approved the restructuring of
Sh91.3B worth of corporate loans for 3-6 months
Sh20.4B in loans to mortgage customers for 3-6 months.
Sh3.4B for retail customers for 3 months


Duration added
Ericsson
#1157 Posted : Tuesday, May 26, 2020 10:54:29 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,557
Location: NAIROBI
Ericsson wrote:
Ericsson wrote:
KCB Bank Kenya has restructured facilities worth over Sh115.1 Billion to cushion customers against the effects of the COVID-19 pandemic. This has seen customers apply for their loans to be restructured, credit lines expanded & loan tenures extended to keep them financially afloat.

Since mid-March, the Bank has approved the restructuring of
Sh91.3B worth of corporate loans for 3-6 months
Sh20.4B in loans to mortgage customers for 3-6 months.Moratorium can be extended to a maximum of 12 months.
Sh3.4B for retail customers for 3 months


Duration added

Ebenyo
#1158 Posted : Tuesday, May 26, 2020 9:51:47 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,829
Location: Kitale
Angelica _ann wrote:
Ebenyo wrote:
Horton wrote:
Ericsson wrote:
KCB Bank Kenya has restructured facilities worth over Sh115.1 Billion to cushion customers against the effects of the COVID-19 pandemic. This has seen customers apply for their loans to be restructured, credit lines expanded & loan tenures extended to keep them financially afloat.

Since mid-March, the Bank has approved the restructuring of
Sh91.3B worth of corporate loans
Sh20.4B in loans to mortgage customers.
Sh3.4B for retail customers


https://www.bloomberg.co...-1-billion-loan-reviews

“Most of it is our large customers, institutional clients, that’s around 90 billion shillings,” KCB Group Ltd. Chief Executive Officer Joshua Oigara said in an interview. “We have another 20 billion shillings for our mortgage customers and real estate, and the balance is for retail loans, which we haven’t seen much impact yet.”

So let me get this straight:
- Loans are extended by x months
- Interest is still due


Where is the problem?



Good for business in the long term


You are assuming that once the loans are restructured (with the longer repaymet period), then repayment is guaranteed - nope.

Plus going forward, there will be more restructing and less and less entities will be qualifying for loans.

You will see a shift to investment in t/bills and t/bonds by banks soon (increased purchase of)- 3rd quarter 2020.



Restructuring loans is better than cancelling dividends(assuming kcb will not cancell)
Towards the goal of financial freedom
Horton
#1159 Posted : Wednesday, May 27, 2020 7:09:29 AM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,528
Location: Nairobi
Ebenyo wrote:
Angelica _ann wrote:
Ebenyo wrote:
Horton wrote:
Ericsson wrote:
KCB Bank Kenya has restructured facilities worth over Sh115.1 Billion to cushion customers against the effects of the COVID-19 pandemic. This has seen customers apply for their loans to be restructured, credit lines expanded & loan tenures extended to keep them financially afloat.

Since mid-March, the Bank has approved the restructuring of
Sh91.3B worth of corporate loans
Sh20.4B in loans to mortgage customers.
Sh3.4B for retail customers


https://www.bloomberg.co...-1-billion-loan-reviews

“Most of it is our large customers, institutional clients, that’s around 90 billion shillings,” KCB Group Ltd. Chief Executive Officer Joshua Oigara said in an interview. “We have another 20 billion shillings for our mortgage customers and real estate, and the balance is for retail loans, which we haven’t seen much impact yet.”

So let me get this straight:
- Loans are extended by x months
- Interest is still due


Where is the problem?



Good for business in the long term


You are assuming that once the loans are restructured (with the longer repaymet period), then repayment is guaranteed - nope.

Plus going forward, there will be more restructing and less and less entities will be qualifying for loans.

You will see a shift to investment in t/bills and t/bonds by banks soon (increased purchase of)- 3rd quarter 2020.



Restructuring loans is better than cancelling dividends(assuming kcb will not cancell)



Me thinks Dividends will come gava needs the cash. This is the beauty of owning gava company shares 😀

Ebenyo
#1160 Posted : Wednesday, May 27, 2020 3:11:51 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,829
Location: Kitale
Horton wrote:
Ebenyo wrote:
Angelica _ann wrote:
Ebenyo wrote:
Horton wrote:
Ericsson wrote:
KCB Bank Kenya has restructured facilities worth over Sh115.1 Billion to cushion customers against the effects of the COVID-19 pandemic. This has seen customers apply for their loans to be restructured, credit lines expanded & loan tenures extended to keep them financially afloat.

Since mid-March, the Bank has approved the restructuring of
Sh91.3B worth of corporate loans
Sh20.4B in loans to mortgage customers.
Sh3.4B for retail customers


https://www.bloomberg.co...-1-billion-loan-reviews

“Most of it is our large customers, institutional clients, that’s around 90 billion shillings,” KCB Group Ltd. Chief Executive Officer Joshua Oigara said in an interview. “We have another 20 billion shillings for our mortgage customers and real estate, and the balance is for retail loans, which we haven’t seen much impact yet.”

So let me get this straight:
- Loans are extended by x months
- Interest is still due


Where is the problem?



Good for business in the long term


You are assuming that once the loans are restructured (with the longer repaymet period), then repayment is guaranteed - nope.

Plus going forward, there will be more restructing and less and less entities will be qualifying for loans.

You will see a shift to investment in t/bills and t/bonds by banks soon (increased purchase of)- 3rd quarter 2020.



Restructuring loans is better than cancelling dividends(assuming kcb will not cancell)



Me thinks Dividends will come gava needs the cash. This is the beauty of owning gava company shares 😀



@Horton,I think you are right.With covid 19 adverse effects,they definitely need cash.But so far i don't know when we will get the cash.
Towards the goal of financial freedom
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