There are two sets of write downs.the first is the operations related the fx losses and damaged assets. the next is the money they have at Boss. none of them has impaired this.

They did but it didn't reflect fair value at the time vis a vis the SSP rate used in preparation of the books.

Even assuming that they correctly accounted for the losses back then, the SSP is still on a nosedive to date and for all practical purposes it maybe useless, meaning more fx write downs for the current accounting period.

If Coop's losses in SS were immaterial they shouldn't have hesitated to account for them fully. After all the damage would have been negligible.

Looking at it realistically(after the initial write downs), can any of the banks manage to recoup the carrying value (as indicated in their books) of their SS holdings? I very much doubt it. They still have some write offs to book from that end.

After seeing the stupidity in SS, the less that goes to GOSS to buy weapons used to kill its own people, the better!

There was so much hope when SS became independent. All washed away. 1000s dead. Millions displaced.

Q3 2016,figures in KES B:
Equity 21.6 Actual 21.5
KCB 21.4 Actual 22.9
COOP 15.1 Actual 15.2
SCBK 11.3 Actual 11.1
BBK 8.9 Actual 8.7
DTB 7.9 Actual 7.8
I&M 7.2 Actual 7.3
CFC 5.2 Actual 4.8
NIC 5.1 Actual 4.7
HFCK 1.4 Actual 1.2
NBK 0.67 Actual 0.74
Q4 coming up in a few weeks.. The exchange bar will as usual have it right here, even before the board signs off on the financials

So these IM for sourcing money from the public are doctored / fake yet approving authorities don't realise the same!!!!!