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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: 3,891
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: 7,644
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: 610
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: 3,891
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: 7,644
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: 5,596
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: 7,644
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: 5,555
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: 7,858
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: 5,555
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."
Ericsson
#12 Posted : Monday, August 21, 2017 8:16:24 PM
Rank: Elder


Joined: 12/4/2009
Posts: 3,891
Location: NAIROBI
Family Bank sends Memo to staff on indefinite suspension of "company sponsored afternoon Tea," calls it a very "hard choice"
murchr
#13 Posted : Monday, August 21, 2017 8:23:08 PM
Rank: Elder


Joined: 2/26/2012
Posts: 11,864
Ericsson wrote:
Family Bank sends Memo to staff on indefinite suspension of "company sponsored afternoon Tea," calls it a very "hard choice"



"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
.
Angelica _ann
#14 Posted : Monday, August 21, 2017 8:31:28 PM
Rank: Elder


Joined: 12/7/2012
Posts: 7,858
murchr wrote:
Ericsson wrote:
Family Bank sends Memo to staff on indefinite suspension of "company sponsored afternoon Tea," calls it a very "hard choice"





ReallyLaughing out loudly Laughing out loudly Laughing out loudly
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
obiero
#15 Posted : Monday, August 21, 2017 10:23:34 PM
Rank: Elder


Joined: 6/23/2009
Posts: 7,644
Location: nairobi
Angelica _ann wrote:
murchr wrote:
Ericsson wrote:
Family Bank sends Memo to staff on indefinite suspension of "company sponsored afternoon Tea," calls it a very "hard choice"





ReallyLaughing out loudly Laughing out loudly Laughing out loudly

Ideally that is an avoidable cost.. Wishing them all the very best
www.winda.co.ke
Chaka
#16 Posted : Tuesday, August 22, 2017 11:30:12 AM
Rank: Veteran


Joined: 2/16/2007
Posts: 1,872
Eish,tea and mandazi?How much will be saved here?This rather petty..
Ericsson wrote:
Family Bank sends Memo to staff on indefinite suspension of "company sponsored afternoon Tea," calls it a very "hard choice"

obiero
#17 Posted : Tuesday, August 22, 2017 1:28:34 PM
Rank: Elder


Joined: 6/23/2009
Posts: 7,644
Location: nairobi
Chaka wrote:
Eish,tea and mandazi?How much will be saved here?This rather petty..
Ericsson wrote:
Family Bank sends Memo to staff on indefinite suspension of "company sponsored afternoon Tea," calls it a very "hard choice"


I think it's in order, staff can take tea at home. But I do not agree with the author calling for suggestions on expense cuts. The boss should recommend the chops without undue indecision
www.winda.co.ke
Chaka
#18 Posted : Tuesday, August 22, 2017 3:32:13 PM
Rank: Veteran


Joined: 2/16/2007
Posts: 1,872
The next thing to be removed will be TP..ama that is supplied by the office cleaning Co.?
obiero wrote:
Chaka wrote:
Eish,tea and mandazi?How much will be saved here?This rather petty..
Ericsson wrote:
Family Bank sends Memo to staff on indefinite suspension of "company sponsored afternoon Tea," calls it a very "hard choice"


I think it's in order, staff can take tea at home. But I do not agree with the author calling for suggestions on expense cuts. The boss should recommend the chops without undue indecision

Angelica _ann
#19 Posted : Tuesday, August 22, 2017 4:25:23 PM
Rank: Elder


Joined: 12/7/2012
Posts: 7,858
Chaka wrote:
The next thing to be removed will be TP..ama that is supplied by the office cleaning Co.?
obiero wrote:
Chaka wrote:
Eish,tea and mandazi?How much will be saved here?This rather petty..
Ericsson wrote:
Family Bank sends Memo to staff on indefinite suspension of "company sponsored afternoon Tea," calls it a very "hard choice"


I think it's in order, staff can take tea at home. But I do not agree with the author calling for suggestions on expense cuts. The boss should recommend the chops without undue indecision



Those are small things that matter especially for front office/back office staff whose focus is serving customers 8 - 5pm mostly nonstop (mostly poorly paid with loans),they would have even gone welfare 50/50 contribution instead of complete and abrupt (one day notice) withdrawal. Then again that that memo should have come from HR not procurement.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Ericsson
#20 Posted : Tuesday, August 22, 2017 4:35:48 PM
Rank: Elder


Joined: 12/4/2009
Posts: 3,891
Location: NAIROBI
KTDA owns family bank. KTDA main business is tea. Now family bank bans office tea to save cost. I wonder what their owners think??
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