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NBK First Rights Issue
Rank: Chief Joined: 5/31/2011 Posts: 5,121
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mwekez@ji wrote:DAMN!!! Were it not for bad debt recovery of KES.1,172,834,000, the reported net profit of KES.729,752,000 could have been a net loss of KES.443,082,000 (729,752,000-1,172,834,000) >>> The bad debt recovery was included in other operating income. See the details in page 47 of the 2012 annual report >>> http://www.nationalbank.co.ke/u...ds/Annual_Report_nbk.pdf That technically ranks NBK with the four FY12 loss making banks i.e. Ecobank, UBA, ECB, Dubai Bank. #Not_Good
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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#Untouchable...will look at it when the oil starts flowing "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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murchr wrote:#Untouchable...will look at it when the oil starts flowing Talk about being late to the party! Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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@murchr @guru, save for the benefits of KE-Oil that will accrue to the whole of the banking industry, which specific benefits will accrue to NBK¿ I ask coz i dont see how NBK is specifically the banking sector KE-Oil play
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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mwekez@ji wrote:@murchr @guru, save for the benefits of KE-Oil that will accrue to the whole of the banking industry, which specific benefits will accrue to NBK¿ I ask coz i dont see how NBK is specifically the banking sector KE-Oil play Oil transactions will need government supported banks to flow through! Although they need to improve capacity we all know gava only has a majority in 2 banks ie consolidated and NBK... Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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mwekez@ji wrote:@murchr @guru, save for the benefits of KE-Oil that will accrue to the whole of the banking industry, which specific benefits will accrue to NBK¿ I ask coz i dont see how NBK is specifically the banking sector KE-Oil play Hii ndio banki ya serikali, who banks at NBK seriously apart from the GOK? "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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guru267 wrote:mwekez@ji wrote:@murchr @guru, save for the benefits of KE-Oil that will accrue to the whole of the banking industry, which specific benefits will accrue to NBK¿ I ask coz i dont see how NBK is specifically the banking sector KE-Oil play Oil transactions will need government supported banks to flow through! Although they need to improve capacity we all know gava only has a majority in 2 banks ie consolidated and NBK... Today, government transactions are going through a number of banks. This will certainly continue to be the way even with oil transactions. To add, government has been seeking ways of divesting from NBK. This will happen soon and its likely to be occur before oil money begins flowing ...
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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murchr wrote:mwekez@ji wrote:@murchr @guru, save for the benefits of KE-Oil that will accrue to the whole of the banking industry, which specific benefits will accrue to NBK¿ I ask coz i dont see how NBK is specifically the banking sector KE-Oil play Hii ndio banki ya serikali, who banks at NBK seriously apart from the GOK? Banki ya serikali??? check again, serikali anafanya biasara na benki mingi sikuhizi
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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mwekez@ji wrote:murchr wrote:mwekez@ji wrote:@murchr @guru, save for the benefits of KE-Oil that will accrue to the whole of the banking industry, which specific benefits will accrue to NBK¿ I ask coz i dont see how NBK is specifically the banking sector KE-Oil play Hii ndio banki ya serikali, who banks at NBK seriously apart from the GOK? Banki ya serikali??? check again, serikali anafanya biasara na benki mingi sikuhizi This one bags the cake... "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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mwekez@ji wrote:murchr wrote:mwekez@ji wrote:@murchr @guru, save for the benefits of KE-Oil that will accrue to the whole of the banking industry, which specific benefits will accrue to NBK¿ I ask coz i dont see how NBK is specifically the banking sector KE-Oil play Hii ndio banki ya serikali, who banks at NBK seriously apart from the GOK? Banki ya serikali??? check again, serikali anafanya biasara na benki mingi sikuhizi The idea here direct from the new CEO is to make NBK one of the top 5 banks and then access gava funds leveraging off the shareholding... Mark 12:29
Deuteronomy 4:16
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