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Barclays result FY 2017
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uchumi
#1 Posted : Wednesday, February 28, 2018 8:36:30 PM
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Joined: 9/16/2006
Posts: 234
barclays result 2017

Barclays Bank of Kenya (BBK) has recorded a 6.3 percent decline in net profit to Sh6.9 billion for the full year 2017 compared to the previous year where it posted Sh7.3 billion.
“I don’t regret the things I’ve done, I regret the things I didn’t do when I had the chance.”
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Pesa Nane
#2 Posted : Wednesday, February 28, 2018 11:12:06 PM
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Joined: 5/25/2012
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Pesa Nane plans to be shilingi when he grows up.
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Ericsson
#3 Posted : Thursday, March 01, 2018 12:05:55 PM
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Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Barclays Africa to to change its name to ABSA across the continent. Operations in Kenya, Uganda, Ghana & others will have to change to a new identity, now ABSA
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#4 Posted : Thursday, March 01, 2018 5:52:58 PM
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Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
The dividend is sweet but is it sustainable.
They are retaining ksh.1bn.
Now that Barclays Plc is out,ABSA should let Barclays Kenya to be renamed ABSA Kenya opportunity to venture out of kenya.

"We aspire to remain No.1 to 3 and to do that, we have a strategic intend to outgrow the market. We are heading back to our rightful market position."

A snapshot from the CEO during the press release of full year results
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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winmak
#5 Posted : Thursday, March 01, 2018 6:14:51 PM
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Joined: 12/1/2007
Posts: 539
Location: Nakuru
Ericsson wrote:
The dividend is sweet but is it sustainable.
They are retaining ksh.1bn.
Now that Barclays Plc is out,ABSA should let Barclays Kenya to be renamed ABSA Kenya opportunity to venture out of kenya.

"We aspire to remain No.1 to 3 and to do that, we have a strategic intend to outgrow the market. We are heading back to our rightful market position."

A snapshot from the CEO during the press release of full year results


The DVD eases the pain of those of us in a loooong bear trap
For investors as a whole, returns decrease as motion increases ~ WB
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Pesa Nane
#6 Posted : Thursday, March 01, 2018 8:10:36 PM
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Joined: 5/25/2012
Posts: 4,105
Location: 08c
Quote:
..the Directors have resolved to recommend to
members at the forthcoming Annual General Meeting a final dividend for the year of Shs 0.80 per ordinary share of the Company to be paid on or about May 25 2018 to shareholders registered at the close of business on April 30 2018.
Pesa Nane plans to be shilingi when he grows up.
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VituVingiSana
#7 Posted : Thursday, March 01, 2018 8:56:56 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Ericsson wrote:
The dividend is sweet but is it sustainable.
They are retaining ksh.1bn.
Now that Barclays Plc is out,ABSA should let Barclays Kenya to be renamed ABSA Kenya opportunity to venture out of kenya.

"We aspire to remain No.1 to 3 and to do that, we have a strategic intend to outgrow the market. We are heading back to our rightful market position."

A snapshot from the CEO during the press release of full year results

No-one is going to allow that without a fight. Forget #1 #2 #3 [size] for the next 5 years as KCB, Equity and Coop fight it out. Then there are strong contenders for #4 and #5 including DTB. StanChart is no slouch either.

The likes of NIC, I&M, etc also want to play in the top 10 and taking market share from them will not be easy for BBK.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#8 Posted : Friday, March 02, 2018 12:11:34 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Up to 323 staff of Barclays Bank Kenya left employment last year, the lender has revealed, as it announced a 6.4 per cent drop in full-year net profit to Sh6.9 billion.

Barclays closed last year with 2,268 employees on its payroll, down from 2,591 in 2016.

The bank says most of the staff exited as part of a Sh500 million restructuring that saw the business shut down 12 branches to close the year at 89 outlets, most of them in Nairobi.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#9 Posted : Saturday, March 03, 2018 12:42:21 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
The dividend is sweet but is it sustainable.
They are retaining ksh.1bn.
Now that Barclays Plc is out,ABSA should let Barclays Kenya to be renamed ABSA Kenya opportunity to venture out of kenya.

"We aspire to remain No.1 to 3 and to do that, we have a strategic intend to outgrow the market. We are heading back to our rightful market position."

A snapshot from the CEO during the press release of full year results

No-one is going to allow that without a fight. Forget #1 #2 #3 [size] for the next 5 years as KCB, Equity and Coop fight it out. Then there are strong contenders for #4 and #5 including DTB. StanChart is no slouch either.

The likes of NIC, I&M, etc also want to play in the top 10 and taking market share from them will not be easy for BBK.


They also aim to double PBT in 4 years
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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obiero
#10 Posted : Saturday, March 03, 2018 7:20:42 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,216
Location: nairobi
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
The dividend is sweet but is it sustainable.
They are retaining ksh.1bn.
Now that Barclays Plc is out,ABSA should let Barclays Kenya to be renamed ABSA Kenya opportunity to venture out of kenya.

"We aspire to remain No.1 to 3 and to do that, we have a strategic intend to outgrow the market. We are heading back to our rightful market position."

A snapshot from the CEO during the press release of full year results

No-one is going to allow that without a fight. Forget #1 #2 #3 [size] for the next 5 years as KCB, Equity and Coop fight it out. Then there are strong contenders for #4 and #5 including DTB. StanChart is no slouch either.

The likes of NIC, I&M, etc also want to play in the top 10 and taking market share from them will not be easy for BBK.


They also aim to double PBT in 4 years

Too much ambition can kill

KQ ABP 4.26
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