hold up blogger,msc 150% write off on investments i dont know how that will add to the bottomline,bcoz what they taught me at strathmore is that any write off on investments or inventory is expensed in the income statement,unless they write is viewed beneficial from the tax point of view where the write off is used as a deffered tax asset.
the best performing coprorate going 3rd quota will cooperative bank given the following:
1) the investment of monies raised in the 2008 ipo being invested to expand their branch network e.g ruiru branch ( w.i.p)
2) the changes in the management team,sources privy to such information can confirm these changes especially in the business development,client services,finance and bancassurance
3) cooperative bank has ventured in the lucrative mortgage sector currently under domination by S&L,with their subsidiary ( not sure on its exact name)
4) coperative acquired a securities firm ( not sure its name),its proving that coop is becaming a one stop shop for one's financial needs at the same time serving a diverse clientele
ruckus,no relations