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@MaudhuiHouse
May 26, 2021 • 13 tweets • 8 min read • Read on X
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“We have fortified and strengthened the breath and depth of our management, aligning it to strategy and execution, creating a two tier team” ~ Equity Group CEO James Mwangi
#Equity2021Q1Results
“ We could improve in the areas of credit management but our overall strategy has enabled us to jump faster than expected” ~ @KeEquityBank CEO Dr James Mwangi

#Equity2021Q1Results
“Non Funded Income has gone up by 30% to KES 10.7 B , up from KES 8.3 B during a similar period last year, this means that we have bounced back to our pre-covid days” ~ @KeEquityBank CEO Dr James Mwangi.

#Equity2021Q1Results
Investments in G overnment Securities up by 36% to KES 358.9 B up from KES 189.9 B

#Equity2021Q1Results
Deposits growth +58% KES .790.6 Bn, Loans growth +29% KES 487.7 billion.

#Equity2021Q1Results
“Assets up by 54% Ksh.1.066 trilion. Ultimately, its not the size that matters but the quality. We want to sweat our balance sheet so it can produce more” ~ @KeEquityBank CEO Dr James Mwangi.

#Equity2021Q1Results
Equity Group Profit After Tax (PAT) for the quarter ended March has grown by a notable 64 percent to KES.8.7 billion. The Group's revenue in the period was up 29% to KES.25.5 Billion.

#Equity2021Q1Results
“The future is here with us with 98% of our transactions outside the branch. The mobile phone is the most popular device, ATMs and branches are the most un-popular. This is a story of efficiency” ~ @KeEquityBank CEO Dr James Mwangi.

#Equity2021Q1Results
“Fixed cost channels are only two for us, for the rest, the customers are serving themselves and meeting the cost of investment. We were lucky to have predicted the future just before COVID-19” ~ Dr James Mwangi

#Equity2021Q1Results
“Our NPLs (Non Performing Loans) stand at 11.3% against an industry average of 14.6%” ~ Dr James Mwangi.

#Equity2021Q1Results
“We restructured KES.171bn of customer loans, customers have already resumed payments on KES.59 billion while an additional KES.66 billion in repayments resume in six months” ~ Dr James Mwangi, CEO @KeEquityBank

#Equity2021Q1Results
During the period, total costs up 8% to KES 13.8Bn from KES.12.7B. Earnings per share for the bank now at KES2.30 from KES1.40

#Equity2021Q1Results
“I can only summarize the performance in two words; ‘Resilience and Sustainable’ against a significant crisis” ~ Dr James Mwangi , CEO Equity Bank Group

#Equity2021Q1Results

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More from @MaudhuiHouse

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Apr 14, 2022
#PamojaTuungane initiative come after the National Drought Management Authority called for provision of food assistance and scaling up of cash transfers to households in 23 counties who are currently food insecure. You can help by dialing *126#
Marsabit is one of the worst affected zones as over 250,000 people are already in dire need of food #PamojaTuungane
Supermarket chain @naivas has food hampers that one can buy to donate to #PamojaTuungane initiative
Read 6 tweets
Newsroom Profile picture
Apr 14, 2022
@SafaricomPLC's Kes100 million food donation is expected to provide immediate relief to over 20,000 households in Marsabit County which is one of the worst hit by the prevailing drought #PamojaTuungane
Other counties where populations are facing acute hunger are: Sumburu, Turkana, Wajir, Baringo, Isiolo, and Mandera #PamojaTuungane
@SafaricomPLC is leading a host of other corporates in raising funds for the purchase of food to over 3 millions Kenyans who are grappling with the worst drought in roughly 40 years #PamojaTuungane
Read 5 tweets
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Apr 14, 2022
The government owed Shell licensee Vivo Energy Kenya Sh3.5 billion ($31 million) for the fuel subsidy scheme in the year ended December, highlighting the State’s struggles to pay oil marketers for keeping pump prices unchanged ~ @BD_Africa
The oil marketer’s parent company, Vivo Energy Group Plc disclosed the arrears in its annual report for the period under review. The arrears are under the line ‘other government benefits receivable’
Kenya has since April last year been paying marketers to keep diesel, petrol, and kerosene prices unchanged at the back of a global rally in crude that increased the shipping costs of refined fuel
Read 4 tweets
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Apr 14, 2022
The salaries agency wants to survey the earnings of health workers in select countries and use the findings to review the pay of their Kenyan counterparts amid a clamour for a raise ~ @BD_Africa
The survey will sample 20 countries — in Africa, Asia, Europe, North America, South America, and Australia- selected based on justification such as those that Kenya loses her health workers to, said SRC in a notice
The selection of countries for benchmarking will also be based on those with good health systems as per recent ranking by the World Health Organisation (WHO)
Read 4 tweets
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Apr 13, 2022
China’s exports rose 15.7% over a year ago in March while imports were flat amid disruption due to coronavirus outbreaks as the ruling Communist Party enforces a “zero-COVID” strategy to isolate every case ~ AP
Exports rose to $276.1 billion despite anti-virus controls in Shanghai and other industrial centers that are causing factories to reduce production, customs data showed Wednesday. Imports rose less than 1% to $228.7 billion
China’s infection numbers are relatively low, but the “zero-COVID” strategy has confined most of Shanghai’s 25 million people to their homes since late March and suspended access to other manufacturing centers
Read 4 tweets
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Apr 13, 2022
Sam Onyango is a budding songwriter and singer who’s trying to carve a career in music and he reckons YouTube is his likely path to fame and success #SafaricomYouthOrchestra bit.ly/3ObucFB
At #SafaricomYouthOrchestra, Sam has perfected playing trumpet and French horn instruments, a skill that he’s banking on to build his career in music
I have been playing the trumpet for seven years and the French horn for two years practicing at Ghetto Classics in Korogocho, Nairobi ~ Sam Onyango #SafaricomYouthOrchestra
Read 7 tweets

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