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KulaRaha
#1 Posted : Tuesday, August 04, 2009 6:22:00 AM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
Up 5%

Looks like its going to be a flat year for banks....

Where is Member's results? Still cooking??


Business opportunities are like buses,there's always another one coming
Business opportunities are like buses,there's always another one coming
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Mainat
#2 Posted : Tuesday, August 04, 2009 6:27:00 AM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
'We are ... excited that our profits have increased from Ksh4.2bn to Ksh4.5bn' so Adan said. Does that mean BBK would ask for a national holiday if profits increased to Ksh4.8bn?

www.mjengakenya.blogspot.com
Sehemu ndio nyumba
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jammo
#3 Posted : Tuesday, August 04, 2009 6:35:00 AM
Rank: Member

Joined: 2/12/2008
Posts: 345
..probably would hav burst an artery! LoL!

..if it is not expressly prohibited in law.. DO IT!!!!
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adept
#4 Posted : Tuesday, August 04, 2009 6:52:00 AM
Rank: Member

Joined: 12/8/2008
Posts: 359
@Kularaha - Member have this time been unusually slow...trying to place their results in their proper context perhaps?
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across
#5 Posted : Tuesday, August 04, 2009 7:47:00 AM
Rank: Member

Joined: 5/7/2008
Posts: 54
not impressive at all. Huge 53% increase in govt bonds which largely contributed to the increase in assets from 166b to 170b.loans decreased by 8% while customer deposits decreased from 128b to 124b.their expenses still remain high particulary their mind bogling staff costs (3.28b!!). In my opinion,nothing exciting just like kcb results..i think the mid tier banks are the stocks to watch e.g. diamond trust,nic etc.,they have better room for growth.
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gichini
#6 Posted : Tuesday, August 04, 2009 9:03:00 AM
Rank: Member

Joined: 9/21/2006
Posts: 14
@Across...i conquer with you. The results are not that impressive.

Picture this...
1. Increase in Govt securities q/q...Kshs 10 Billion.
How were they able to fund this increase? Partly due to increase in Balances due to CBK,which increased q/q by Kshs 6.9 Billion.
In my opinion,and assuming that the balances due to CBK was a loan,then their balance sheet would not have grown.

2. Increase in PBT year on year ...Kshs 220 million.
Decline in loan loss provision year on year...Kshs 400 million.
In my opinion,the increase in PBT would majorly be attributable to the decline in loan loss provision.
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McReggae
#7 Posted : Tuesday, August 04, 2009 9:16:00 AM
Rank: Elder

Joined: 6/17/2008
Posts: 23,365
Location: Nairobi
Gichini,meaning that with the same loan loss provision,the profits would have gone down........same thing EB did in the quartely reporting.......but remember the loans have also gone down!!!!!

The chief value of money lies in the fact that one lives in a world in which it is overestimated.
..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
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gichini
#8 Posted : Tuesday, August 04, 2009 9:59:00 AM
Rank: Member

Joined: 9/21/2006
Posts: 14
@Mcreg...
I agree with you that the Loan book declined.

I noted that the decline in Loan loss provision is greater than the decline in Loan book . Could the decline in loan loss provision be a pointer to prudence in lending?
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The General
#9 Posted : Tuesday, August 04, 2009 10:52:00 AM
Rank: Member

Joined: 6/3/2006
Posts: 553
@ Kularaha,@ Adept,

Careful..those statements would make some people here start frothing at the mouth

The thicker the thigh the sweeter the pie.
The thicker the thigh the sweeter the pie.
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McReggae
#10 Posted : Tuesday, August 04, 2009 10:53:00 AM
Rank: Elder

Joined: 6/17/2008
Posts: 23,365
Location: Nairobi
Gichini,most banks have been expanding the debt recovery departments probably resulting in less loan loss and this could be a reason the reduce the provision!!!!

The chief value of money lies in the fact that one lives in a world in which it is overestimated.
..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
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