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CFC Bank HY 2015 net profit down 35%
muganda
#1 Posted : Tuesday, August 11, 2015 7:16:20 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
Sad news popped up in twittersphere. These results are not good. What happened to this bank?


whiteowl
#2 Posted : Tuesday, August 11, 2015 7:44:11 PM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
At this rate the price will slide back to 2012 levels
dunkang
#3 Posted: : Tuesday, August 11, 2015 7:45:15 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
KWANI HUKU KUNAENDA AJE?


The culprit is that KShs. 1.5B reduction in Non-Interest income.

Everything else looks like remained constant.
Receive with simplicity everything that happens to you.” ― Rashi

Pesa Nane
#4 Posted : Tuesday, August 11, 2015 7:46:37 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Nyasaye!
Pesa Nane plans to be shilingi when he grows up.
Pesa Nane
#5 Posted : Tuesday, August 11, 2015 7:50:27 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Saviour: Interim Dividend of Ksh. 0.75 Per Share
Pay day for FY14: 13 August 2015
Pesa Nane plans to be shilingi when he grows up.
The optimist
#6 Posted : Tuesday, August 11, 2015 7:58:48 PM
Rank: Member

Joined: 6/14/2010
Posts: 521
Location: Nairobi
muganda wrote:
Sad news popped up in twittersphere. These results are not good. What happened to this bank?




It used to be a darling of manySad
sparkly
#7 Posted : Tuesday, August 11, 2015 8:07:45 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
dunkang wrote:
KWANI HUKU KUNAENDA AJE?


The culprit is that KShs. 1.5B reduction in Non-Interest income.

Everything else looks like remained constant.


Who has the breakdown of this non-interest income? I would like to know what it is that has fallen so sharply... forex, fees, one off?
Life is short. Live passionately.
Angelica _ann
#8 Posted : Tuesday, August 11, 2015 8:14:17 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
This can trigger Mr. Bear back to Nse!!!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Gatheuzi
#9 Posted : Tuesday, August 11, 2015 8:22:13 PM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
I will wait for full year to get the whole impact of NPL's. Credit impairment charges at half year is way lower compared to last HY and about a third of full year. So my guess is that that number should hit almost 1B at full year. Perhaps keeping it low at half year is one way to help the market absorb the dissapointment in batches! All in all it appears a profit warning will be made before full year.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
Boris Boyka
#10 Posted : Tuesday, August 11, 2015 8:39:55 PM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
Angelica _ann wrote:
This can trigger Mr. Bear back to Nse!!!

Two more such results and the devil(bear) back with a bang. Sad
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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