Ericsson wrote:DtheK wrote:Ericsson wrote:Realtreaty wrote:This bank is headed to the old days under Barclays and soon it will be in line with NCBA
They are ahead of NCBA.
With NCBA's geographically diverse business I'm confident it will pull a head to be a contender for the number 3 position. Put simply they are not playing in the same league, NCBA is a regional player BBK/ABSA is limited to Kenya.
How much are the regional subsidiaries contributing to the bottom line.
Tanzania,Uganda and Rwanda are like flower girls
For now. NedBank may be willing to expand in these markets via NCBA.
NCBA is also in West Africa, with a small but growing presence.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett