wazua Tue, Mar 24, 2026
Welcome Guest Search | Active Topics | Log In

7 Pages<1234>»
NIC Bank Results
Options
Previous Topic · Next Topic
gathinga
#11 Posted : Wednesday, February 24, 2010 11:40:48 AM
Rank: Veteran

Joined: 11/30/2006
Posts: 635
Loan book '000 provision '000 % of lbook
BBK 101,485 1,282 1%
NIC 32,511 463 1%
Equity 63,378 1,035 2%
Back to top
  |
VituVingiSana
#12 Posted : Wednesday, February 24, 2010 12:29:53 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
gathinga wrote:
Loan book '000 provision '000 % of lbook
BBK 101,485 1,282 1%
NIC 32,511 463 1%
Equity 63,378 1,035 2%

NPLs & LLPs wud be great...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
  |
gathinga
#13 Posted : Wednesday, February 24, 2010 12:38:19 PM
Rank: Veteran

Joined: 11/30/2006
Posts: 635
gathinga wrote:
Loan book '000 provision '000 % of lbook
BBK 101,485 1,282 1%
NIC 32,511 463 1%
Equity 63,378 1,035 2%


for better view
It appears everyone was providing to make it 1-2% of loan book.

Are these provisions tax deductible expenses? This may explain the behavior of some banks in the area of provisions
Back to top
  |
Wa_ithaka
#14 Posted : Wednesday, February 24, 2010 2:05:26 PM
Rank: Veteran

Joined: 1/7/2010
Posts: 1,279
Location: nbi
Very ordinary set of results. NIC is small but diversified and has a fairly recession-rpoof loan portfolio which means one would expecty a consistent 25% year on year growth. Capital is now wafer-thin so I think the bonus share is a bit stupid. Would have been better to do a rights issue.
The Governor of Nyeri - 2017
Back to top
  |
VituVingiSana
#15 Posted : Thursday, February 25, 2010 2:41:06 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
Wa_ithaka wrote:
Very ordinary set of results. NIC is small but diversified and has a fairly recession-rpoof loan portfolio which means one would expecty a consistent 25% year on year growth. Capital is now wafer-thin so I think the bonus share is a bit stupid. Would have been better to do a rights issue.

Huh? How does a bonus change their capital structure from a scenario where they did not?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
  |
VituVingiSana
#16 Posted : Thursday, February 25, 2010 2:42:29 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
@gathinga - Loan Loss Provisions ARE tax-deductible... but also a prudent measure for providing for (often) non-collectible loans...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
  |
Wa_ithaka
#17 Posted : Thursday, February 25, 2010 7:37:47 AM
Rank: Veteran

Joined: 1/7/2010
Posts: 1,279
Location: nbi
Vvs-that was exact pt, the bonus share issue has been done in lieu of the low dividend. A more intelligent move would have been to do a rights issue.
The Governor of Nyeri - 2017
Back to top
  |
guru267
#18 Posted : Thursday, February 25, 2010 7:57:33 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Wa_ithaka wrote:
Vvs-that was exact pt, the bonus share issue has been done in lieu of the low dividend. A more intelligent move would have been to do a rights issue.


Why would a rights issue be more intelligent??? a rights issue requires share holders to inject more capital into the comapany which they may not do and its harder to get approval for it
Mark 12:29
Deuteronomy 4:16
Back to top
  |
Gordon Gekko
#19 Posted : Thursday, February 25, 2010 8:28:51 AM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
@vvs, loan provisions are taxable only if they are specific provisions. General provisions, which I suspect these are, are not tax deductable. Also, when soecific provisions are finally recovered, the tax earlier relieved becomes payable.
Back to top
  |
Wa_ithaka
#20 Posted : Thursday, February 25, 2010 9:17:18 AM
Rank: Veteran

Joined: 1/7/2010
Posts: 1,279
Location: nbi
Vvs-are u especially slow? Please re-re-read my first comment on NIC Posted: Wednesday, February 24, 2010 5:05:26 PM.
I said NIC needs capital. hence a rights issue is better than a bonus.
The Governor of Nyeri - 2017
Back to top
  |
7 Pages<1234>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.