₦airaland Forum

rvp20182:
Nigeria banks are just expanding for its sake - their subsidiaries are not making money. Kenya banks are all over east and part of south africa - and making profit.

rvp20182:
Now we send so many nobody talks about them. They are so many - Equity Bank and Afrisap - alone send 100s.

As for Prof - we have had those. Infact after death of Prof Juma - harvard has agreed to give two scholarship to kenyans every year

Equity Bank will from 2018 begin to offer scholarships to Kenyan students to study at Harvard University in the United States.

Equity Group Chief Executive Officer James Mwangi said that Harvard University agreed to the proposal in honour of late Kenyan scholar Professor Calestous Juma, who was a lecturer at the institution until his demise last week.

rvp20182:
How do you cook money in the bank. How does a cooked GDP generates 21B dollars for gov as revenues - when tax rate is btw 16-30?

Nigeria economy is cooked. As of now - when I compared most data - it should be twice bigger than kenya - not 4 times. It should be 200B dollars or about. South Africa is indeed a big economy - and so is Egypt. If Kenya economy keep growing at 6-7 percent - it will hit 300B dollar in a decade. TRUE story

You're very welcome to invest in Kenya. It easiest place to come. But trust me if South African have not managed to hack it - you will not. In kenya we promize you one thing - BRUTAL competition. Kenya gov will not demand 3B dollars like youre doing South Africa. Nor will kenya gov stop your from taking dollars to Nigeria.

Kenya firms will eventually reach Nigeria - but not so soon - we are moving to Congo first - then once we know enough french - we will rule Central Africa - we are done with East Africa - and South Africa is too strong in Southern African. So now focus is Central Africa and then North Africa.

Maybe in a decade we will show up in Nigeria - and hopefully it will have got basics like electricity fixed.[/s]

Shaytun:
You don’t send any many stop lying idiot

Dude you need help..this constantly lying can’t be healthy for you.

obaaderemi:
[s]We've been through all this. You are just bloviating.
Please, what I am interested in is the list that places 10 Kenyan banks among Africa's top 80 banks!

Shaytun:
Lol mad man...list the Kenya bank “s” that are “all over east and part of South Africa “.

Empty barrel make the loudest noise

Mkenya2019:
But I pasted it here. Search.

And this list is very old - Equity total assets has almost doubled - and KCB has crossed 10B. See some of the recent acquisitions - and remember to chuckle a little - when you Access Bank Nigeria bought crap for 1.4B ksh

https://money-gate.com/largest-african-banks-in-the-world/
Counting by country, in the top 80 African banks by assets, are the following:

Algeria-5 Ivory Coast-1 Senegal-1
Angola-4 Kenya-10 South Africa-7
Egypt-7 Mauritius-5 Sudan-1
Ethiopia-4 Morocco-7 Tanzania-2
Gabon-1 Mozambique-2 Togo-1
Ghana-3 Namibia-2 Tunisia-1
Rwanda-1 Nigeria-14 Uganda-1

10yrs ago - it was just one bank - see Kenya is growing on STEROIDS but you don't listen. You will wake up when Kenya overtake Nigeria in less than a decade (real uncooked GDP). You cannot GDP - because by then Kenya banks will bigger than Nigeria amongst other indicators;

Equity already laid down the gauntlet - 100M customers by 2025- and 25B dollar in total assets.
https://www.bloomberg.com/news/articles/2021-05-26/kenya-s-biggest-bank-targets-seven-fold-customer-growth-by-2025

Abohboy:
So you're going to count Absa, Stanbic and Standard Chartered even though they are all subsididaries in Kenya of South African Banks and I bet at least two more on that least are foreign and not indigenously Kenyan

Edited

The co operative bank is based in the UK so 4 out of 10 of your banks are foreign let me now go back to check the list and see the actual total assets of INDIGENOUS Kenyan Banks and not subsidiaries of British and South African banks

Edited

It is about 17-19 billion dollars in total

Abohboy:
So you're going to count Absa, Stanbic and Standard Chartered even though they are all subsididaries in Kenya of South African Banks and I bet at least two more on that least are foreign and not indigenously Kenyan

Edited

The co operative bank is based in the UK so 4 out of 10 of your banks are foreign let me now go back to check the list and see the actual total assets of INDIGENOUS Kenyan Banks and not subsidiaries of British and South African banks

Edited

It is about 17-19 billion dollars in total

Mkenya2019:
In kenya - only those 3 are foreign - Stanbic/Barclays/Stanchart - in the 14 for Nigeria - I can count 4 that are foreign - Ecobank (Togo),Stanbic, Citibank and StanChart.

So we can go with 7 for Kenya and 10 for Nigeria :

Abohboy:
I think you mean 6 for Kenya

Abohboy:
This means Nigeria's largest bank ( Access Bank) is about the same size as 6 of Kenya's largest bank asssets COMBINED at 18 billion dollars

Mkenya2019:
As of 2021 - that is no longer true - Both KCB and Equity Bank groups are each about 10B dollars in total assets.

Abohboy:
KCB as of 2019 says 8.87 billion dollars I don't expect a bank to grow that significantly in two years during COVID without some cooking of figures going on

Meanwhile Equity doesn't seem to have any confirmed total asset at least by simple google search since 2014

Mkenya2019:
https://www.the-star.co.ke/business/kenya/2021-04-06-equity-dethrones-kcb-to-be-named-biggest-lender-in-kenya/
1dollar=108Ksh
The ranking based on the 2020 end year financial results acknowledged the lender's asset growth which hit over Sh1 trillion, becoming the first bank to reach such margins in East and Central Africa.

Equity's total assets are valued at Sh1.015 trillion, followed by KCB Group at Sh987.8 billion. NCBA Bank is third with total assets as of December 31, 2020, standing at Sh527.6 billion followed by Co-op Bank at Sh464.5 billion.

Abohboy:
KCB as of 2019 says 8.87 billion dollars I don't expect a bank to grow that significantly in two years during COVID without some cooking of figures going on

Meanwhile Equity doesn't seem to have any confirmed total asset at least by simple google search since 2014

kikuyu1:
DON'T yelp about cooking, goddamnit! Our figures are understandable even to JAMB runaways infesting this thread.
Have someone break THIS DOWN gently for you.

Abohboy:
That's 9.3 billio dollars not ten and KCB is like 8.7 billion dollars so yes Access Bank is still bigger then your top two banks COMBINED but that's understandable we are the GIANTS OF AFRICA

Mkenya2019:
That was 2020 - we are in the middle of 2021 - and you're giants of Africa messes.

Abohboy:
So in one year in the heat of COVID or basically in 6 months one bank gained 1.2 billion dollars in assets and the other 700 million dollars what evidence do you have for that?

Mkenya2019:
Very possible.Banks increase their total assets by buying other banks mostly.

Abohboy:
So you're going off of speculation and not pure facts? At least provide evidence

Mkenya2019:
https://www.the-star.co.ke/news/2021-05-29-kcb-group-acquires-two-banks-in-tanzania-rwanda/

Abohboy:
Based off of the article that only adds 3.2 billion shillings to the overall assets or am I mistaken? If not then you're still no where near 10 billion dollars at best 8.9 billion dollars

rvp20182:
Althetics - kenya took position 3 worldwide. While Ghana won a bronze first time since 1992 - in boxing. Nigeria - got a silver and bronze - for the 200m people. South Africa - only 3 medals.

rvp20182:
This beyond your paygrade. Save yourself headaches
http://africainvestmentconference.com/news/kenya-kcb-grosses-usd-10-billion-in-assets-after-buyouts-in-tanzania-rwanda/

Understand what Bank Assets are.

KCB acquired BanABC - Tanzania - you need to find their total assets - if KCB acquired the whole of it or not.

BancABC has subsidiaries in Botswana, Mozambique, Tanzania, Zambia, and Zimbabwe.
...
BancABC.
Type Private company
Revenue Aftertax: US$34.512 million (2015)
Total assets US$1.81 billion (2015)
Number of employees 1,000+ (2011)
Parent Atlas Mara Limited