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30 Pages«<282930
KCB 2018 and Beyond
VituVingiSana
#581 Posted : Thursday, November 11, 2021 10:01:45 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,667
Location: Nairobi
Ericsson wrote:
https://www.businessdailyafrica.com/bd/markets/capital-markets/kcb-in-truck-financing-deal-with-tata-africa--3614414

Do Tata lorries last for 6 years?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
kmucheke
#582 Posted : Thursday, November 11, 2021 1:31:13 PM
Rank: Member


Joined: 3/16/2019
Posts: 286
VituVingiSana wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/bd/markets/capital-markets/kcb-in-truck-financing-deal-with-tata-africa--3614414

Do Tata lorries last for 6 years?


Reminds me of this case where some matatu owners sued Toyota Kenya alleging the supplied Hino mini-buses were faulty.

The owners were also fighting repossession of the buses by Tsusho Capital (an affiliate of Toyota) which had provided the financing. They argued the were unable to service the loans since the buses spent most time in the garage and replacement parts were not available.
Ericsson
#583 Posted : Monday, November 15, 2021 10:31:12 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,121
Location: NAIROBI
Q3 results to be released on Wednesday 17 November after market close.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#584 Posted : Wednesday, November 17, 2021 5:09:31 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,121
Location: NAIROBI
Ericsson wrote:
KCB 2021
Q1--Ksh.9.1bn
Q2--Ksh.12.8bn

Q3--Ksh.13.9bn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#585 Posted : Friday, November 19, 2021 3:08:02 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,121
Location: NAIROBI
https://www.businessdail...-in-rwanda-unit-3623696

KCB Group plans to acquire the 24 percent stake owned by minority investors in its Rwandan subsidiary Banque Populaire du Rwanda Plc (BPR) next year.

The Kenyan banking multinational recently bought a 62 percent stake from London-based Atlas Mara Limited and another 14 percent from private equity firm Arise, bringing its ownership in BPR to 76 percent.

“Our ambition is to acquire the remaining 24 percent in the next year. We are still keen to acquire 100 percent of BPR,” KCB’s chief executive Joshua Oigara told Business Daily.

“The offer is still running. We gave them the offer after Atlas Mara. We are still waiting.”

A full buyout of BPR will cost KCB an estimated Sh6.4 billion, if the minority investors are offered the same terms as Atlas Mara which was paid $33 million (Sh3.7 billion) for its 62 percent stake.
Atlas Mara will get an additional $2.8 million (Sh314 million) which has been deferred.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#586 Posted : Friday, November 19, 2021 3:30:13 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,121
Location: NAIROBI
https://www.businessdail...ividend-momentum-3623608
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#587 Posted : Saturday, November 20, 2021 11:14:37 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,121
Location: NAIROBI
https://www.the-star.co....rwandan-bank-by-january/
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#588 Posted : Monday, November 22, 2021 9:48:47 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,121
Location: NAIROBI
Ericsson wrote:
https://www.the-star.co.ke/business/kenya/2021-11-19-kcb-to-rebrand-acquired-rwandan-bank-by-january/


KCB Group PLC plans to complete the merger with Banque Populaire du Rwanda Plc (BPR) in December and rebrand by January following the acquisition in August.

In an exclusive interview with the Star, KCB Group Chief Finance Officer Lawrence Kimanthi termed the acquisition as strategic, adding that it contributed Sh45 billion to the Group's balance sheet now at Sh1.12 trillion.

"We are in the process of integrating BPR with KCB infrastructure and the full rebranding process is expected to commence in January,'' Kimanthi said.
He said the successful acquisition has given the bank a stronger edge in deepening its regional expansion strategy.

BPR is a strong retail and SME bank with the largest branch network in the sector and a long history spanning over 45 years in Rwanda. After rebranding, KCB Rwanda will be the second-largest bank in the country.

Kimanthi said after East Africa, the lender focus will be in the Central and Horn of Africa market, with interests in DRC and Ethiopia.

"We are closely monitoring market liberalisation in Ethiopia. We hope that the financial sector will be next after telecommunication.
Plans are also underway to enter DRC. We will let you know when that time comes,'' Kimanthi said.

He said they are waiting for regulatory approvals for planned twin acquisitions in Tanzania.

KCB Group intends to acquire 100 per cent shareholding of African Banking Corporation Tanzania Limited (BancABC) from ABC Holdings Limited (96.6 per cent) and Tanzania Development Finance Company Limited (3.4per cent).
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#589 Posted : Thursday, December 02, 2021 9:25:56 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,121
Location: NAIROBI
KCB terminates agreement to purchase Banc ABC in Tanzania over lack of regulatory approvals.
"Certain regulatory approvals have not been received within the prescribed time frame specified in the Agreement..the Agreement has been terminated and accordingly,the parties will not proceed to complete the transaction ".
It will pursue other regional expansion opportunities.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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