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Co-operative Bank fate.. discuss
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Realtreaty
#111 Posted : Tuesday, February 17, 2015 4:00:41 PM
Rank: Elder

Joined: 8/16/2011
Posts: 2,386
If Foreigners have seen goodness in COOP BANK that will make me think twiceDrool Drool
“Foreigners were keen on buying EABL, Athi River Mining, Safaricom, KCB, Britam and Co-operative Bank,” said Agnes Achieng’, a research analyst at Sterling Capital. smile
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Realtreaty
#112 Posted : Tuesday, February 17, 2015 4:15:03 PM
Rank: Elder

Joined: 8/16/2011
Posts: 2,386
Realtreaty wrote:
Banks flexing muscles and getting ready for the final sprint. What are the possible figures and who will emerge the top?
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Boris Boyka
#113 Posted : Sunday, February 22, 2015 10:00:13 AM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
www.standardmedia.co.ke/...t-waives-deposit-charges
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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edwinmukiri
#114 Posted : Sunday, February 22, 2015 6:47:12 PM
Rank: New-farer

Joined: 8/11/2014
Posts: 72
Location: Nairobi
Boris Boyka wrote:
www.standardmedia.co.ke/mobile/?articleID=2000152396&story_title=coop-bank-ups-atm-withdrawal-limit-waives-deposit-charges

A nice move .. hope its will have a +ve impact to their financial results
Bulls make money,bears make money and pigs get slaughtered.
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Realtreaty
#115 Posted : Sunday, February 22, 2015 6:52:36 PM
Rank: Elder

Joined: 8/16/2011
Posts: 2,386
edwinmukiri wrote:
Boris Boyka wrote:
www.standardmedia.co.ke/mobile/?articleID=2000152396&story_title=coop-bank-ups-atm-withdrawal-limit-waives-deposit-charges

A nice move .. hope its will have a +ve impact to their financial results

smile smile
Tremendous!!!!!!!!
smile smile smile
More good services more customer base and more money.
What are the core immovable assets for Co-op Bank?Do they own most of the Buildings with word CO-OP? Laughing out loudly Laughing out loudly Laughing out loudly
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Boris Boyka
#116 Posted : Tuesday, February 24, 2015 12:17:57 PM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
www.businessdailyafrica....8/-/vxe4dlz/-/index.html
The move is aimed at increasing deposits fro customers. A recent chat with one of the foot guys indicated that coop had made circa 12b in pbt but around 2.5 b lost to cbk as intrest on loans and overnight lendings. Thus coop is aiming at encouraging customer deposits earning 2.5% p.a and re-loan it @ 16-23% as opposed to expensive cbk loan.
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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symbols
#117 Posted : Tuesday, February 24, 2015 8:29:11 PM
Rank: Elder

Joined: 3/19/2013
Posts: 2,552
Boris Boyka wrote:
www.businessdailyafrica.com/Co-op-pushes-for-60pc-pie-to-banking-agents/-/539552/2631878/-/vxe4dlz/-/index.html
The move is aimed at increasing deposits fro customers. A recent chat with one of the foot guys indicated that coop had made circa 12b in pbt but around 2.5 b lost to cbk as intrest on loans and overnight lendings. Thus coop is aiming at encouraging customer deposits earning 2.5% p.a and re-loan it @ 16-23% as opposed to expensive cbk loan.


Quote:

“Reduction of customer numbers inside the branches will free staff time to provide more personal attention to customers, especially those who require greater face-to-face interaction, such as financial advice,” said Mr Matumo.
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Boris Boyka
#118 Posted : Wednesday, February 25, 2015 10:30:29 PM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
Angelica _ann wrote:
Boris Boyka wrote:
Realtreaty wrote:
smile smile DONE!!!!

Co-operative Bank has for the first time disclosed it spent Sh1.2 billion on the staff restructuring last year that saw it lay off 160 employees in December.
In a presentation to investors, the lender said it will save Sh500 million annually beginning this year in staff costs following the layoffs.
“The Sh1.2 billion is the one-off cost of retrenchment, that is, severance pay and related costs for the 160 staff who were released,” said Gideon Muriuki, the managing director of Co-operative Bank in an e-mail response to Business Daily.
Pray Pray

www.businessdailyafrica....68/-/db5h95/-/index.html
So if avged each got around 7.5m after paying loans.

The highest I know got kshs 16.35m after taxation & loans. Not bad..... Though lady had worked for the bank for 26 years.

@mama chungwa could this person be you? if not link me to her.smile
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Boris Boyka
#119 Posted : Wednesday, February 25, 2015 10:32:36 PM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
Realtreaty wrote:
Boris Boyka wrote:
Realtreaty wrote:
Co-operative Bank Group’s business restructuring plan could have received nod from investors.

This is after the bank’s share price at the Nairobi Securities Exchange (NSE) surged to Sh20.5 per share on average this week, from an average of 19.25 last week. The bank also became the top mover on the NSE on Tuesday, trading 4.99 million shares valued at Sh102.30 million - accounting for 18.8 per cent of market activity.

Co-operative Bank was also most heavily traded stock on Wednesday with 9.62 million shares worth Sh193.8 million traded - making the stock much sought after by foreign investors. They accounted for 36.7 per cent of all buys on Wednesday, but only 3.1 per cent of yesterday’s sale of the stock. On Thursday, Co-op Bank, Safaricom and Britam were the top movers jointly accounting for 50.2 per cent of activity.

This followed a presentation to investment analysts, fund managers, investment banks and stockbrokers by Chief Executive Gideon Muriuki

Before it plummeted to 19.60 just to confirm it is an underdog! haha hehe.@RealtreTy.

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
Next week here we come 23Kes!!!! Aeroplane not Tomahawk!smile smile

2 weeks now still below your target though 22.25 is a days trading away.
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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abkon2014
#120 Posted : Wednesday, February 25, 2015 10:36:48 PM
Rank: New-farer

Joined: 9/11/2014
Posts: 21
COOP may touch 25 b4 results announcement!
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