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2012		#1 Posted : Thursday, March 04, 2010 7:39:45 AM
Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi		PBT +42.5% Final div Kshs 7... Not bad... Uchumi half year also posted and looking good. www.nse.co.ke BBI will solve it :)
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Wa_ithaka		#2 Posted : Thursday, March 04, 2010 7:47:10 AM
Rank: Veteran Joined: 1/7/2010 Posts: 1,279 Location: nbi		Not bad? Those are excellent results. Pity the price is already full... The Governor of Nyeri - 2017
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wote		#3 Posted : Thursday, March 04, 2010 8:19:43 AM
Rank: Member Joined: 10/18/2007 Posts: 217		Standard Chartered seem to work(make profits ) for investors while other banks work(make profits ) for directors.
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VituVingiSana		#4 Posted : Thursday, March 04, 2010 8:40:51 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,361 Location: Nairobi		wote wrote: Standard Chartered seem to work(make profits ) for investors while other banks work(make profits ) for directors. Why are you holding SCBK to a different standard v KPLC re: profits... BTW, the ROA of SCBK is huge compared to KPLC... If only KPLC was allowed the same ROA... Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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sparkly		#5 Posted : Thursday, March 04, 2010 7:02:47 PM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		As a BANK these are crap results! 42% rise in PBT while the economy grows by 2.5% from a bank that did not grow its loan book is laughable. Ati 89% increase in government securities. The bank is clearly abusing its licence as a bank and abdicating its public responsibility to lend to the businesses. It must decide whether it is a BANK, a government financier or an investment company. Hail Equity, kcb, bbk and others Life is short. Live passionately.
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muganda		#6 Posted : Thursday, March 04, 2010 7:11:26 PM
Rank: Elder Joined: 9/15/2006 Posts: 3,907		@sparkly gotta hand it to you - interesting perspective. Glad that there's diversity in the banking sector or consumers might be doomed. But was it a 22% increase in total operating income; shareholders may not share your view...
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ecstacy		#7 Posted : Thursday, March 04, 2010 7:19:40 PM
Rank: Elder Joined: 2/26/2008 Posts: 4,449		good point sparkly. As much as I am happy infrustructure bond funds as an example are being used in the commendable revamping of Kenya's infrustructure for the benefit of all...its time some form of govt incentives/benefits accrued to 'local' banking institutions which seem to have focused largely on spurring lending to mwananchi or wanjiku friendly organisations...CBK monetary actions should not be used for abuse...
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VituVingiSana		#8 Posted : Thursday, March 04, 2010 7:33:53 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,361 Location: Nairobi		sparkly wrote: As a BANK these are crap results! 42% rise in PBT while the economy grows by 2.5% from a bank that did not grow its loan book is laughable. Ati 89% increase in government securities. The bank is clearly abusing its licence as a bank and abdicating its public responsibility to lend to the businesses. It must decide whether it is a BANK, a government financier or an investment company. Hail Equity, kcb, bbk and others Nonsense... you are going on a rant that makes little sense! SCBK is there to make money for its shareholders NOT do 'public good' for free... There is no 'public responsibility' except safeguarding its depositors & shareholders. Investing is AAA (by Kenya standards) GoK bonds is definitely safe for depositors. What is the point of lending at 15% (with risks) when GoK pays you risk-free 13.5%? And with minimal staff needed...? If you feel SCBK is 'abusing' it's banking license then start your own bank... Kenyans have 43 banks to choose from so there is no 'abuse' coz there is no monopoly... Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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VituVingiSana		#9 Posted : Thursday, March 04, 2010 7:36:16 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,361 Location: Nairobi		@ecstasy - Puhleeze! CBK needs to be smart about monetary tools... Ultimately, it is our shitty government that spends money like water on RECURRENT expenses... If GoK pays 13%, why shudn't SCBK take advantage? They are NOT stealing like ruto, kibaki, ongeri & friends... Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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2012		#10 Posted : Friday, March 05, 2010 12:53:38 PM
Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi		sparkly wrote: It must decide whether it is a BANK, a government financier or an investment company. Hail Equity, kcb, bbk and others And you're annoyed because? I honestly doubt the bank's shareholders will mind. As vvs correctly put it - the thugs are akina Raila and Ruto not the banks... BBI will solve it :)
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