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Family Bank FY 2015 net profit up 10%
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muganda
#1 Posted : Wednesday, March 30, 2016 8:43:44 AM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
What happened to the stupendous growth in profits? Anyway, now crosses 2bn net profit http://www.businessdaily.../-/wes8ykz/-/index.html


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Gatheuzi
#2 Posted : Wednesday, March 30, 2016 9:10:41 AM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
2015 was no joke. Not bad given the circumstances.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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mlennyma
#3 Posted : Wednesday, March 30, 2016 9:31:48 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Gatheuzi wrote:
2015 was no joke. Not bad given the circumstances.

i think its bad for an upcoming bank like family bank to start showing signs of profit topping this early,successful banks which emerged to be giants never topped this early
"Don't let the fear of losing be greater than the excitement of winning."
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watesh
#4 Posted : Wednesday, March 30, 2016 9:58:27 AM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
But 47% growth in loans and 40% growth in interest income is impressive
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Pesa Nane
#5 Posted : Wednesday, March 30, 2016 12:02:54 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c



Full Results link: https://view.publitas.co...-year-ended-31-dec-2015/
Pesa Nane plans to be shilingi when he grows up.
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  | | Edit by moderator: Wednesday, March 30, 2016 12:07 PM | Reason: results link
MadDoc
#6 Posted : Thursday, March 31, 2016 11:57:59 AM
Rank: Member

Joined: 10/26/2015
Posts: 151
Their LLP reduced significantly despite an increase in NPLs. d'oh! Does this warrant a red flag? If the LLP percentage remained as per fy2014 the pbt growth would have been flat. Still im new to all of this
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murchr
#7 Posted : Friday, June 03, 2016 11:33:37 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Family Bank gears up for expansion in Sh4 billion rights issue.

http://www.businessdaily...76/-/yodn6x/-/index.html
"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
.
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Ericsson
#8 Posted : Friday, June 03, 2016 11:49:36 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
This company is really wearing out shareholders with its rights issues year in year out.
CBK needs to investigate where the money its gets is going
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Horton
#9 Posted : Saturday, June 04, 2016 1:15:44 AM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Ericsson wrote:
This company is really wearing out shareholders with its rights issues year in year out.
CBK needs to investigate where the money its gets is going



I wonder if anyone has actually made any sorta money in this company??
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enyands
#10 Posted : Saturday, June 04, 2016 1:46:25 AM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
Ericsson wrote:
This company is really wearing out shareholders with its rights issues year in year out.
CBK needs to investigate where the money its gets is going



Isn't this the same bank that had NYS scandal money ??
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