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CFC bank Q3 2015 PAT down 34%
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Boris Boyka
#1 Posted : Friday, November 27, 2015 1:52:26 PM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
http://www.businessdaily...2/-/6s7sa3/-/index.html
Quote:

CFC Stanbic has recorded a 33.6 per cent drop in profits after tax for the nine months to September following a decline in non-interest income.
The bank posted a Sh2.7 billion after tax profit as at end of September compared to Sh4.1 billion in a similar period last year.
CFC, which operates a branch in South Sudan, had Sh4.8 billion in non-interest income down from Sh6.2 billion.

CFC’s loan book expanded by Sh18 billion to Sh104 billion leading to a 20.9 per cent increase in interest income to Sh8.6 billion.

Its deposit base increased by a similar margin Sh14 billion to Sh113 billion. Interest expenses grew at a faster pace, 68 per cent, underlining the recent rise in the cost of cash.
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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muandiwambeu
#2 Posted : Friday, November 27, 2015 3:36:40 PM
Rank: Veteran

Joined: 8/28/2015
Posts: 1,247
Questions
1. Which of the two won the bulls champions run. A. Cfc. B. Panafric. 2.Between cfc and panafric, Which one will outsmart the other one on nosediving bears' acrobatics championship?
Marks. A saved dimme.
Note;
All quiz carry equal marks.
2.answers derived from other sources unless wazua will be rejected.
,Behold, a sower went forth to sow;....
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murchr
#3 Posted : Friday, January 29, 2016 6:16:12 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Business Daily wrote:
CfC’s chief executive Kitili Mbathi resigned Friday and has been replaced on a temporary basis by Greg Brackenridge, currently the CEO of the company’s subsidiary CfC Stanbic Bank.

Mr Mbathi had held the position for eight years.

“The board of CfC Stanbic Holdings Limited hereby gives notice of the resignation of Mr Kitili Mbathi as the chief executive … effective this day January 29, 2016,” the company said in a statement.

CfC did not say why Mr Kitili resigned.

"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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dunkang
#4 Posted : Friday, January 29, 2016 6:25:26 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
Na bado. Wataenda wengi mwaka huu.
Receive with simplicity everything that happens to you.” ― Rashi

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Gatheuzi
#5 Posted : Friday, January 29, 2016 7:06:14 PM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
murchr wrote:
Business Daily wrote:
CfC’s chief executive Kitili Mbathi resigned Friday and has been replaced on a temporary basis by Greg Brackenridge, currently the CEO of the company’s subsidiary CfC Stanbic Bank.

Mr Mbathi had held the position for eight years.

“The board of CfC Stanbic Holdings Limited hereby gives notice of the resignation of Mr Kitili Mbathi as the chief executive … effective this day January 29, 2016,” the company said in a statement.

CfC did not say why Mr Kitili resigned.


..and perhaps did not wish him the best in his future endeavours.
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.
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Pesa Nane
#6 Posted : Friday, January 29, 2016 7:44:10 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Gatheuzi wrote:
murchr wrote:
Business Daily wrote:
CfC’s chief executive Kitili Mbathi resigned Friday and has been replaced on a temporary basis by Greg Brackenridge, currently the CEO of the company’s subsidiary CfC Stanbic Bank.

Mr Mbathi had held the position for eight years.

“The board of CfC Stanbic Holdings Limited hereby gives notice of the resignation of Mr Kitili Mbathi as the chief executive … effective this day January 29, 2016,” the company said in a statement.

CfC did not say why Mr Kitili resigned.


..and perhaps did not wish him the best in his future endeavours.


Pesa Nane plans to be shilingi when he grows up.
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whiteowl
#7 Posted : Friday, January 29, 2016 8:22:11 PM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
At this rate,it might go back to sub 40 n Panafric to sub 20
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enyands
#8 Posted : Friday, January 29, 2016 9:53:42 PM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
whiteowl wrote:
At this rate,it might go back to sub 40 n Panafric to sub 20



Cash will always be king during this drought season
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littledove
#9 Posted : Saturday, January 30, 2016 8:45:54 AM
Rank: Veteran

Joined: 7/1/2014
Posts: 927
Location: sky
whiteowl wrote:
At this rate,it might go back to sub 40 n Panafric to sub 20

these two stocks made me good money during last bull, i boarded at around 60s,
i will start boarding cfc at any price below 60 and panafrica at any price below 30
because of bonus dilution,i believe the two will make investors money when bulls returns
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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Othelo
#10 Posted : Saturday, January 30, 2016 12:19:53 PM
Rank: User

Joined: 1/20/2014
Posts: 3,528
Pesa Nane wrote:
Gatheuzi wrote:
murchr wrote:
Business Daily wrote:
CfC’s chief executive Kitili Mbathi resigned Friday and has been replaced on a temporary basis by Greg Brackenridge, currently the CEO of the company’s subsidiary CfC Stanbic Bank.

Mr Mbathi had held the position for eight years.

“The board of CfC Stanbic Holdings Limited hereby gives notice of the resignation of Mr Kitili Mbathi as the chief executive … effective this day January 29, 2016,” the company said in a statement.

CfC did not say why Mr Kitili resigned.


..and perhaps did not wish him the best in his future endeavours.



Kwani he was thrown under the mbus, he didnot even give notice for such a high profile position!!!
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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