Wazua
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Stanchart Q3 2017 profit falls 38%
Rank: Elder Joined: 7/26/2007 Posts: 6,514
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SCB has Nakumatt Head Office as collateral. SCB also has real provisions, not cooked ones like your fav 3 local chefs.... Business opportunities are like buses,there's always another one coming
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi
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Ericsson wrote:VituVingiSana wrote:wukan wrote:obiero wrote:Angelica _ann wrote:KCB, Equity & Coop Bank seems to be on the right track, rest are struggling!!! I told you guys that only the tier 1, big three would fair best Looks more of a case of 'fake it till you make it'. Wait for IFRS 9  Some folks are in denial. SCBK is they type that would take the hit early on. Others are postponing the inevitable. Let's wait for 1Q 2018 results and then the audited FY 2018 results. I expect a Rights Issue and/or Bond Issue and/or Secondary Capital Raise and/or dividend reduction will be in the pipeline in 2018 for some banks. You have spoken about this for long and we have seen nothing happening. Banking in kenya shifted from the beberu banks to the local ones It doesn't matter whether the bank is beberu or not... Anyway, wait for 1Q 2018 results and then FY 2018 results. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
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VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:wukan wrote:obiero wrote:Angelica _ann wrote:KCB, Equity & Coop Bank seems to be on the right track, rest are struggling!!! I told you guys that only the tier 1, big three would fair best Looks more of a case of 'fake it till you make it'. Wait for IFRS 9 Some folks are in denial. SCBK is they type that would take the hit early on. Others are postponing the inevitable. Let's wait for 1Q 2018 results and then the audited FY 2018 results. I expect a Rights Issue and/or Bond Issue and/or Secondary Capital Raise and/or dividend reduction will be in the pipeline in 2018 for some banks. You have spoken about this for long and we have seen nothing happening. Banking in kenya shifted from the beberu banks to the local ones It doesn't matter whether the bank is beberu or not... Anyway, wait for 1Q 2018 results and then FY 2018 results. Matters are dicy but CBK states that the core capital of most local banks has sufficient buffer
KQ ABP 4.26
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Stanchart Q3 2017 profit falls 38%
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