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Portfolio Balancing: Avoid Over Exposure To Financial Sector
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VituVingiSana
#141 Posted : Sunday, December 17, 2017 12:46:22 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,371
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
Horton wrote:
Small fry banks may have issues with IFRS 9 compliance. With reference to KCB Annual report 2016, they reckon the impact on LLPs will be 200-250 BP which doesn’t sound as alarmist as bizdaily.

Seems like there is a lot of contrary information out there though.

A lot of cooking is going on at KCB. 200-250 bps of the total loan book as additional NPLs? That's a lot of billions! I use the SLR as my guide & KCB's is the highest (even as a % of capital) among listed banks.

Kelele ya chura haimzui ng'ombe kunywa maji

Ahhh! Ad hominem attacks! Well done. 👏🏼👏🏼👏🏼
Doesn’t change the truth that there’s something rotten in the state of Kencom.
KCB has a SLR of 15bn vs Equity’s 2.2bn vs BBK/SCBK’s Nil
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Horton
#142 Posted : Sunday, December 17, 2017 8:28:02 PM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
VituVingiSana wrote:
Horton wrote:
Small fry banks may have issues with IFRS 9 compliance. With reference to KCB Annual report 2016, they reckon the impact on LLPs will be 200-250 BP which doesn’t sound as alarmist as bizdaily.

Seems like there is a lot of contrary information out there though.

A lot of cooking is going on at KCB. 200-250 bps of the total loan book as additional NPLs? That's a lot of billions! I use the SLR as my guide & KCB's is the highest (even as a % of capital) among listed banks.



That’s 300m for a relatively stronger bank? That’s like 0.10 of dividend per share. Mpfff!!!!!

This green giant will be 50+ in April.
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Spikes
#143 Posted : Sunday, December 17, 2017 8:32:23 PM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
Horton wrote:
VituVingiSana wrote:
Horton wrote:
Small fry banks may have issues with IFRS 9 compliance. With reference to KCB Annual report 2016, they reckon the impact on LLPs will be 200-250 BP which doesn’t sound as alarmist as bizdaily.

Seems like there is a lot of contrary information out there though.

A lot of cooking is going on at KCB. 200-250 bps of the total loan book as additional NPLs? That's a lot of billions! I use the SLR as my guide & KCB's is the highest (even as a % of capital) among listed banks.



That’s 300m for a relatively stronger bank? That’s like 0.10 of dividend per share. Mpfff!!!!!

This green giant will be 50+ in April.


Expect a major hit on KCB...that one is given! Watch & learn....
Hope is not a strategy.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Horton
#144 Posted : Sunday, December 17, 2017 8:47:10 PM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Spikes wrote:
Horton wrote:
VituVingiSana wrote:
Horton wrote:
Small fry banks may have issues with IFRS 9 compliance. With reference to KCB Annual report 2016, they reckon the impact on LLPs will be 200-250 BP which doesn’t sound as alarmist as bizdaily.

Seems like there is a lot of contrary information out there though.

A lot of cooking is going on at KCB. 200-250 bps of the total loan book as additional NPLs? That's a lot of billions! I use the SLR as my guide & KCB's is the highest (even as a % of capital) among listed banks.



That’s 300m for a relatively stronger bank? That’s like 0.10 of dividend per share. Mpfff!!!!!

This green giant will be 50+ in April.


Expect a major hit on KCB...that one is given! Watch & learn....
Hope is not a strategy.


Nothing is “given” to a contrarian i do my own research
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VituVingiSana
#145 Posted : Sunday, December 17, 2017 9:47:26 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,371
Location: Nairobi
Horton wrote:
VituVingiSana wrote:
Horton wrote:
Small fry banks may have issues with IFRS 9 compliance. With reference to KCB Annual report 2016, they reckon the impact on LLPs will be 200-250 BP which doesn’t sound as alarmist as bizdaily.

Seems like there is a lot of contrary information out there though.

A lot of cooking is going on at KCB. 200-250 bps of the total loan book as additional NPLs? That's a lot of billions! I use the SLR as my guide & KCB's is the highest (even as a % of capital) among listed banks.



That’s 300m for a relatively stronger bank? That’s like 0.10 of dividend per share. Mpfff!!!!!

This green giant will be 50+ in April.

Please explain the KES 300mn calculation. I am eager to learn. Thanks.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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maka
#146 Posted : Monday, December 18, 2017 8:52:01 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
According to the company’s 2016 annual accounts, borrowing ballooned to a massive Sh105 billion last year, causing finance costs to hit the roof. It is not incredible that one local commercial bank is exposed to Kenya Power to the extent of a massive Sh50 billion.
possunt quia posse videntur
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Ericsson
#147 Posted : Monday, December 18, 2017 9:21:37 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,819
Location: NAIROBI
maka wrote:
According to the company’s 2016 annual accounts, borrowing ballooned to a massive Sh105 billion last year, causing finance costs to hit the roof. It is not incredible that one local commercial bank is exposed to Kenya Power to the extent of a massive Sh50 billion.


There is no bank in Kenya that can loan a single customer ksh.50bn.
Most of Kenya Power's loans are from DFIs,World Bank,EIB,EXIM bank of China
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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maka
#148 Posted : Monday, December 18, 2017 10:48:10 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Ericsson wrote:
maka wrote:
According to the company’s 2016 annual accounts, borrowing ballooned to a massive Sh105 billion last year, causing finance costs to hit the roof. It is not incredible that one local commercial bank is exposed to Kenya Power to the extent of a massive Sh50 billion.


There is no bank in Kenya that can loan a single customer ksh.50bn.
Most of Kenya Power's loans are from DFIs,World Bank,EIB,EXIM bank of China


Never wrote that artcile..

http://www.nation.co.ke/...12708-ol5im6/index.html

Let me send him an email he tells me where he got the info...
possunt quia posse videntur
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Horton
#149 Posted : Monday, December 18, 2017 11:21:30 AM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
maka wrote:
According to the company’s 2016 annual accounts, borrowing ballooned to a massive Sh105 billion last year, causing finance costs to hit the roof. It is not incredible that one local commercial bank is exposed to Kenya Power to the extent of a massive Sh50 billion.


So are you insinuating that this is KCB?
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Ericsson
#150 Posted : Monday, December 18, 2017 11:42:34 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,819
Location: NAIROBI
maka wrote:
Ericsson wrote:
maka wrote:
According to the company’s 2016 annual accounts, borrowing ballooned to a massive Sh105 billion last year, causing finance costs to hit the roof. It is not incredible that one local commercial bank is exposed to Kenya Power to the extent of a massive Sh50 billion.


There is no bank in Kenya that can loan a single customer ksh.50bn.
Most of Kenya Power's loans are from DFIs,World Bank,EIB,EXIM bank of China


Never wrote that artcile..

http://www.nation.co.ke/...12708-ol5im6/index.html

Let me send him an email he tells me where he got the info...


I have gone through the annual report;the sh.50bn is not a loan to a local bank but to Standard Chartered Bank PLC
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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