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Stanchart Q3 2017 profit falls 38%
Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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Profit before tax falls 38% to ksh.6.87bn Net profit falls 38% to sh.4.7bn Earnings from loans drop to sh.10bn down from 11.4bn Loan book dropped from sh.122.7bn in December to sh.114.2bn Dividend payout dropped to 4.50 from sh.6 Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 5/9/2007 Posts: 13,095
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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Ericsson wrote:Profit before tax falls 38% to ksh.6.87bn
Net profit falls 38% to sh.4.7bn
Earnings from loans drop to sh.10bn down from 11.4bn
Loan book dropped from sh.122.7bn in December to sh.114.2bn
Dividend payout dropped to 4.50 from sh.6 Tragic set of results
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 12/7/2012 Posts: 11,901
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KCB, Equity & Coop Bank seems to be on the right track, rest are struggling!!! In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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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
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Member Joined: 3/30/2009 Posts: 56
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Ericsson wrote:Profit before tax falls 38% to ksh.6.87bn
Net profit falls 38% to sh.4.7bn
Earnings from loans drop to sh.10bn down from 11.4bn
Loan book dropped from sh.122.7bn in December to sh.114.2bn
Dividend payout dropped to 4.50 from sh.6 Q3 has dividend payout? 
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Rank: Veteran Joined: 11/13/2015 Posts: 1,568
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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
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Rank: Chief Joined: 1/3/2007 Posts: 18,053 Location: Nairobi
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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. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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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 Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 2/20/2015 Posts: 465 Location: Nairobi
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SCBK must be taking the Nakumatt bad loan hit.
But how does a bank like Standard Chartered loan to Nakumatt without security/tangible assets?
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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: 11,901
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Rank: Chief Joined: 1/3/2007 Posts: 18,053 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: 13,475 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
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Stanchart Q3 2017 profit falls 38%
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