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Family Bank HY2017 Loss of sh.492mn
Ericsson
#1 Posted : Wednesday, August 09, 2017 11:08:35 PM
Rank: Elder


Joined: 12/4/2009
Posts: 3,359
Location: NAIROBI
--Net interest earnings tanked by Sh1.6 billion to Sh1.9 billion from Sh3.5 billion in June 2016
--Family Bank’s lending contracted to Sh43.8 billion from Sh57.7 billion.
--Non-interest income from fees and commissions dropped 14.6 per cent to Sh1.12 billion.
--The bank’s investment in government securities rose to Sh9.2 billion from Sh6.1 billion.
--Customer deposits stood at Sh47.5 billion, having dropped from Sh54.7 billion.
--Provision for bad loans increased by nearly a third to Sh391 million from Sh299 million
--Gross bad debt increased to Sh7.7 billion from Sh5.1 billion.

http://www.businessdaily...51646-11vh0b5/index.html
obiero
#2 Posted : Wednesday, August 09, 2017 11:34:37 PM
Rank: Elder


Joined: 6/23/2009
Posts: 6,706
Location: nairobi
Ericsson wrote:
--Net interest earnings tanked by Sh1.6 billion to Sh1.9 billion from Sh3.5 billion in June 2016
--Family Bank’s lending contracted to Sh43.8 billion from Sh57.7 billion.
--Non-interest income from fees and commissions dropped 14.6 per cent to Sh1.12 billion.
--The bank’s investment in government securities rose to Sh9.2 billion from Sh6.1 billion.
--Customer deposits stood at Sh47.5 billion, having dropped from Sh54.7 billion.
--Provision for bad loans increased by nearly a third to Sh391 million from Sh299 million
--Gross bad debt increased to Sh7.7 billion from Sh5.1 billion.

http://www.businessdaily...1646-11vh0b5/index.html

May our good Lord be with this company
www.winda.co.ke
Mainat
#3 Posted : Thursday, August 10, 2017 8:48:04 AM
Rank: Veteran


Joined: 11/21/2006
Posts: 1,582
Surprised that other banks are not seeing similar falls in NII
Sehemu ndio nyumba
watesh
#4 Posted : Thursday, August 10, 2017 9:07:49 AM
Rank: Member


Joined: 8/10/2014
Posts: 559
Location: Kenya
Things are thick for small banks
Ericsson
#5 Posted : Friday, August 11, 2017 11:06:18 AM
Rank: Elder


Joined: 12/4/2009
Posts: 3,359
Location: NAIROBI
Coop bank should acquire this monkey
obiero
#6 Posted : Saturday, August 12, 2017 2:57:38 PM
Rank: Elder


Joined: 6/23/2009
Posts: 6,706
Location: nairobi
Ericsson wrote:
Coop bank should acquire this monkey

Gideon would never
www.winda.co.ke
sparkly
#7 Posted : Sunday, August 13, 2017 7:20:16 AM
Rank: Elder


Joined: 9/23/2009
Posts: 5,468
Location: Enk are Nyirobi
watesh wrote:
Things are thick for small banks


Very dangerous to deposit your monies with the small banks.
Life is short. Live passionately.
obiero
#8 Posted : Sunday, August 13, 2017 7:32:06 AM
Rank: Elder


Joined: 6/23/2009
Posts: 6,706
Location: nairobi
sparkly wrote:
watesh wrote:
Things are thick for small banks


Very dangerous to deposit your monies with the small banks.

Extremely dangerous
www.winda.co.ke
mlennyma
#9 Posted : Sunday, August 13, 2017 2:20:00 PM
Rank: Elder


Joined: 7/21/2010
Posts: 5,492
Location: nairobi
obiero wrote:
sparkly wrote:
watesh wrote:
Things are thick for small banks


Very dangerous to deposit your monies with the small banks.

Extremely dangerous

Thank God it never listed in the nse,it's highly likely I could be crying with the rest
"Don't let the fear of losing be greater than the excitement of winning."
Angelica _ann
#10 Posted : Sunday, August 13, 2017 2:36:52 PM
Rank: Elder


Joined: 12/7/2012
Posts: 7,182
mlennyma wrote:
obiero wrote:
sparkly wrote:
watesh wrote:
Things are thick for small banks


Very dangerous to deposit your monies with the small banks.

Extremely dangerous

Thank God it never listed in the nse,it's highly likely I could be crying with the rest


Kuponyoka this one, the fact that you had to open an account with them just pissed me off. smile
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
mlennyma
#11 Posted : Sunday, August 13, 2017 3:25:11 PM
Rank: Elder


Joined: 7/21/2010
Posts: 5,492
Location: nairobi
Angelica _ann wrote:
mlennyma wrote:
obiero wrote:
sparkly wrote:
watesh wrote:
Things are thick for small banks


Very dangerous to deposit your monies with the small banks.

Extremely dangerous

Thank God it never listed in the nse,it's highly likely I could be crying with the rest


Kuponyoka this one, the fact that you had to open an account with them just pissed me off. smile

Stay safe madam
"Don't let the fear of losing be greater than the excitement of winning."
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