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Half of Ugandan banks record losses.....including KCB and Equity branches
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jaggernaut
#1 Posted : Saturday, October 23, 2010 2:03:39 PM
Rank: Elder

Joined: 10/9/2008
Posts: 5,389
Not good news from across the border. Quite a contrast compared to the Kenyan situation.


The Standard: Half of Ugandan banks record losses
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youcan'tstopusnow
#2 Posted : Saturday, October 23, 2010 2:53:12 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
The report seems to be from June last year to June this year. Equity is announcing soon, maybe we'll get more up to date info. Did KCB mention the specific amount of money they lost?
GOD BLESS YOUR LIFE
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PKoli
#3 Posted : Sunday, October 24, 2010 10:14:16 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
youcan'tstopusnow wrote:
The report seems to be from June last year to June this year. Equity is announcing soon, maybe we'll get more up to date info. Did KCB mention the specific amount of money they lost?


I thought only Stanbic Ug had reduced profitability in during the 1st half period!
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VituVingiSana
#4 Posted : Monday, October 25, 2010 6:58:18 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
So many banks in Uganda yet the quality of service generally sucks... and very expensive... Best banks are Crane Bank & Diamond Trust...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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youcan'tstopusnow
#5 Posted : Monday, October 25, 2010 7:05:22 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
VituVingiSana wrote:
So many banks in Uganda yet the quality of service generally sucks... and very expensive... Best banks are Crane Bank & Diamond Trust...

Nice to hear that DTB is one of the better banks in Uganda
GOD BLESS YOUR LIFE
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the deal
#6 Posted : Monday, October 25, 2010 9:12:44 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Lets hope all this losses are being part of this 3Q results...
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msimon
#7 Posted : Monday, October 25, 2010 11:23:17 AM
Rank: New-farer

Joined: 8/23/2010
Posts: 63
Location: Kampala
youcan'tstopusnow wrote:
VituVingiSana wrote:
So many banks in Uganda yet the quality of service generally sucks... and very expensive... Best banks are Crane Bank & Diamond Trust...

Nice to hear that DTB is one of the better banks in Uganda

You know, crane bank is known for taking people's property, as Sudir has been termed a loan shark.

DTB isn't among the top 5 banks, in terms of assets and profitability, am not sure when it comes to efficiency.
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VituVingiSana
#8 Posted : Monday, October 25, 2010 11:29:50 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
msimon wrote:
youcan'tstopusnow wrote:
VituVingiSana wrote:
So many banks in Uganda yet the quality of service generally sucks... and very expensive... Best banks are Crane Bank & Diamond Trust...

Nice to hear that DTB is one of the better banks in Uganda

You know, crane bank is known for taking people's property, as Sudir has been termed a loan shark.

DTB isn't among the top 5 banks, in terms of assets and profitability, am not sure when it comes to efficiency.


1) I don't care if the bank is large or small... I want safety & service... DTBU gives me both!
[Stanbic sucks! They are too pricey for me. I liked dfcu but DTBU is in Kenya too]

2) Crane Bank: Do not know but Ugandans don't like paying back loans! Ask Equity Bank who have had a horrid experience! Crane Bank is a local bank who knows how to get the collateral if you don't pay back what you borrowed...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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msimon
#9 Posted : Monday, October 25, 2010 1:16:56 PM
Rank: New-farer

Joined: 8/23/2010
Posts: 63
Location: Kampala
VituVingiSana wrote:
msimon wrote:
youcan'tstopusnow wrote:
VituVingiSana wrote:
So many banks in Uganda yet the quality of service generally sucks... and very expensive... Best banks are Crane Bank & Diamond Trust...

Nice to hear that DTB is one of the better banks in Uganda

You know, crane bank is known for taking people's property, as Sudir has been termed a loan shark.

DTB isn't among the top 5 banks, in terms of assets and profitability, am not sure when it comes to efficiency.


1) I don't care if the bank is large or small... I want safety & service... DTBU gives me both!
[Stanbic sucks! They are too pricey for me. I liked dfcu but DTBU is in Kenya too]

2) Crane Bank: Do not know but Ugandans don't like paying back loans! Ask Equity Bank who have had a horrid experience! Crane Bank is a local bank who knows how to get the collateral if you don't pay back what you borrowed...

Yeh, a good number aren't that disciplined when it comes to loan payment. But its said that Sudhir(CEO of Crane Bank), always looks for prime businesses and properties,then lends the proprietors hoping that they may fail to pay. No wonder he is famed for that and ofter times called called a loan shark. Whats even more amusing is he owns over 200 prime properties in kampala.
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PKoli
#10 Posted : Monday, October 25, 2010 1:29:29 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
@Msimon

What is the major problem? Is it that guys misuse the money they borrow or they just do not want to pay?
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