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BBK FY 2016 RESULTS
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Ebenyo
#21 Posted : Wednesday, February 22, 2017 5:17:35 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
[quote=Ericsson]Barclays Bank Kenya Full Year 2016 Net Interest Income grew by 9% to Sh 22.3 Billion vs 20.4 Billion posted in FY 2015.
Between 2015 and 2016 Barclays_Kenya saw a 9% net interest income growth
Profit before tax at ks.10.852bn a 10% decline from 12.074bn
Profit after tax at ksh.7.399bn
compared to
ksh.8.4bn in 2015[/quot

whats the reasons given for decline in net profit after tax?
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bartum
#22 Posted : Wednesday, February 22, 2017 5:18:06 PM
Rank: Veteran


Joined: 8/11/2010
Posts: 1,011
Location: nairobi
Ericsson wrote:
Barclays Bank Kenya Full Year 2016 Net Interest Income grew by 9% to Sh 22.3 Billion vs 20.4 Billion posted in FY 2015.
Between 2015 and 2016 Barclays_Kenya saw a 9% net interest income growth
Profit before tax at ks.10.852bn a 10% decline from 12.074bn
Profit after tax at ksh.7.399bn compared to ksh.8.4bn in 2015

10% decline in profits, and rate cut effectly on third quarter, 2017 full year may decline by 40-50%
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snipermnoma
#23 Posted : Wednesday, February 22, 2017 5:46:14 PM
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mlennyma
#24 Posted : Wednesday, February 22, 2017 5:50:30 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
bartum wrote:
Ericsson wrote:
Barclays Bank Kenya Full Year 2016 Net Interest Income grew by 9% to Sh 22.3 Billion vs 20.4 Billion posted in FY 2015.
Between 2015 and 2016 Barclays_Kenya saw a 9% net interest income growth
Profit before tax at ks.10.852bn a 10% decline from 12.074bn
Profit after tax at ksh.7.399bn compared to ksh.8.4bn in 2015

10% decline in profits, and rate cut effectly on third quarter, 2017 full year may decline by 40-50%

buying can only be based on the hope that the rate cap will be scrapped then it will be a very good deal
"Don't let the fear of losing be greater than the excitement of winning."
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obiero
#25 Posted : Wednesday, February 22, 2017 6:04:35 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,503
Location: nairobi
Ebenyo wrote:
[quote=Ericsson]Barclays Bank Kenya Full Year 2016 Net Interest Income grew by 9% to Sh 22.3 Billion vs 20.4 Billion posted in FY 2015.
Between 2015 and 2016 Barclays_Kenya saw a 9% net interest income growth
Profit before tax at ks.10.852bn a 10% decline from 12.074bn
Profit after tax at ksh.7.399bn
compared to
ksh.8.4bn in 2015[/quot

whats the reasons given for decline in net profit after tax?

You seriously do not know the reason?

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Ebenyo
#26 Posted : Wednesday, February 22, 2017 6:13:54 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
obiero wrote:
Ebenyo wrote:
[quote=Ericsson]Barclays Bank Kenya Full Year 2016 Net Interest Income grew by 9% to Sh 22.3 Billion vs 20.4 Billion posted in FY 2015.
Between 2015 and 2016 Barclays_Kenya saw a 9% net interest income growth
Profit before tax at ks.10.852bn a 10% decline from 12.074bn
Profit after tax at ksh.7.399bn
compared to
ksh.8.4bn in 2015[/quot

whats the reasons given for decline in net profit after tax?

You seriously do not know the reason?


assumption ni interest cap.but tunataka
kusikia kwa muadhiriwa mwenyewe.
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obiero
#27 Posted : Wednesday, February 22, 2017 6:16:34 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,503
Location: nairobi
Ebenyo wrote:
obiero wrote:
Ebenyo wrote:
[quote=Ericsson]Barclays Bank Kenya Full Year 2016 Net Interest Income grew by 9% to Sh 22.3 Billion vs 20.4 Billion posted in FY 2015.
Between 2015 and 2016 Barclays_Kenya saw a 9% net interest income growth
Profit before tax at ks.10.852bn a 10% decline from 12.074bn
Profit after tax at ksh.7.399bn
compared to
ksh.8.4bn in 2015[/quot

whats the reasons given for decline in net profit after tax?

You seriously do not know the reason?


assumption ni interest cap.but tunataka
kusikia kwa muadhiriwa mwenyewe.

Its definitely not the cap and COOP Bank will prove it

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Pesa Nane
#28 Posted : Wednesday, February 22, 2017 7:11:14 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Metasploit wrote:
Realcement wrote:
Please what of final dividend ?


0.8 cents


Closure 30 March 2017
Payable 28 April 2017
Pesa Nane plans to be shilingi when he grows up.
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Ebenyo
#29 Posted : Wednesday, February 22, 2017 7:33:23 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
obiero wrote:
Ebenyo wrote:
obiero wrote:
Ebenyo wrote:
[quote=Ericsson]Barclays Bank Kenya Full Year 2016 Net Interest Income grew by 9% to Sh 22.3 Billion vs 20.4 Billion posted in FY 2015.
Between 2015 and 2016 Barclays_Kenya saw a 9% net interest income growth
Profit before tax at ks.10.852bn a 10% decline from 12.074bn
Profit after tax at ksh.7.399bn
compared to
ksh.8.4bn in 2015[/quot

whats the reasons given for decline in net profit after tax?

You seriously do not know the reason?


assumption ni interest cap.but tunataka
kusikia kwa muadhiriwa mwenyewe.

Its definitely not the cap and COOP Bank will prove it


what is it then?
Towards the goal of financial freedom
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Realtreaty
#30 Posted : Wednesday, February 22, 2017 9:37:33 PM
Rank: Elder


Joined: 8/16/2011
Posts: 2,297
Realtreaty wrote:
80 cents again to make 1 Bob total



Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Never play around with angel Traders @RealtreatyApplause Applause Applause Applause Applause
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obiero
#31 Posted : Wednesday, February 22, 2017 10:08:49 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,503
Location: nairobi
Ebenyo wrote:
obiero wrote:
Ebenyo wrote:
obiero wrote:
Ebenyo wrote:
[quote=Ericsson]Barclays Bank Kenya Full Year 2016 Net Interest Income grew by 9% to Sh 22.3 Billion vs 20.4 Billion posted in FY 2015.
Between 2015 and 2016 Barclays_Kenya saw a 9% net interest income growth
Profit before tax at ks.10.852bn a 10% decline from 12.074bn
Profit after tax at ksh.7.399bn
compared to
ksh.8.4bn in 2015[/quot

whats the reasons given for decline in net profit after tax?

You seriously do not know the reason?


assumption ni interest cap.but tunataka
kusikia kwa muadhiriwa mwenyewe.

Its definitely not the cap and COOP Bank will prove it


what is it then?

NPLs

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Ebenyo
#32 Posted : Wednesday, February 22, 2017 10:52:56 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
obiero wrote:
Ebenyo wrote:
obiero wrote:
Ebenyo wrote:
obiero wrote:
Ebenyo wrote:
[quote=Ericsson]Barclays Bank Kenya Full Year 2016 Net Interest Income grew by 9% to Sh 22.3 Billion vs 20.4 Billion posted in FY 2015.
Between 2015 and 2016 Barclays_Kenya saw a 9% net interest income growth
Profit before tax at ks.10.852bn a 10% decline from 12.074bn
Profit after tax at ksh.7.399bn
compared to
ksh.8.4bn in 2015[/quot

whats the reasons given for decline in net profit after tax?

You seriously do not know the reason?


assumption ni interest cap.but tunataka
kusikia kwa muadhiriwa mwenyewe.

Its definitely not the cap and COOP Bank will prove it


what is it then?

NPLs


They had to increase LLP to cover for the
increasing NPLs.Thats a red flag.I wont
touch here for now even though the dividend
yield is tempting.Coupled with uncertainity of
who will buy barclays africa,this is a no go zone
for now.
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Ericsson
#33 Posted : Thursday, February 23, 2017 11:15:14 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
Barclays PLC has agreed to pay Barclays Africa $988 million to fund investments required to separate it from its African unit

http://in.reuters.com/ar...lays-group-idINFWN1G800W
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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ARAP CHARLES
#34 Posted : Thursday, February 23, 2017 11:41:56 AM
Rank: Member


Joined: 5/30/2016
Posts: 217
Location: Talai
Pesa Nane wrote:
Metasploit wrote:
Realcement wrote:
Please what of final dividend ?


0.8 cents


Closure 30 March 2017
Payable 28 April 2017

VERY SWEET DIVIDEND...THOUGH
Watch and Listen and Live
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mlennyma
#35 Posted : Thursday, February 23, 2017 12:22:33 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
ARAP CHARLES wrote:
Pesa Nane wrote:
Metasploit wrote:
Realcement wrote:
Please what of final dividend ?


0.8 cents


Closure 30 March 2017
Payable 28 April 2017

VERY SWEET DIVIDEND...THOUGH

very sweet indeed and given that the rate cap is coming to the end,it will be a win win
"Don't let the fear of losing be greater than the excitement of winning."
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cnn
#36 Posted : Thursday, February 23, 2017 2:26:33 PM
Rank: Veteran


Joined: 6/17/2009
Posts: 1,619
For the group,a quick look at q4 versus q3
1) Loans and advances versus Interest income
June 2016...153.3b ; 10.2B
(5.5B growth) (5.3B growth)
Sep 2016....158.8b ; 15.5b
(10B growth) (5.1b growth)
Dec 2016....168b ; 20.6b
The rate cap definitely slowing the third quarter interest earnings,considering the growth in the loan book over the last quarter was double that in the third one.
2)Customer deposits versus Interest expense
June 2016....182.8b ; 2.2b
(2b reduction) (1.19)
Sep 2016...180.8b ; 3.39b
(2.6b reduction) (1.16b)
Dec 2016....178.2b ; 4.55b
The rate cap does not seem to have changed the interest paid out in the two consecutive quarters considering the reduction in customer deposits differed by kSh.600m over the same period.
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lochaz-index
#37 Posted : Thursday, February 23, 2017 3:52:50 PM
Rank: Veteran


Joined: 9/18/2014
Posts: 1,127
cnn wrote:
For the group,a quick look at q4 versus q3
1) Loans and advances versus Interest income
June 2016...153.3b ; 10.2B
(5.5B growth) (5.3B growth)
Sep 2016....158.8b ; 15.5b
(10B growth) (5.1b growth)
Dec 2016....168b ; 20.6b
The rate cap definitely slowing the third quarter interest earnings,considering the growth in the loan book over the last quarter was double that in the third one.
2)Customer deposits versus Interest expense
June 2016....182.8b ; 2.2b
(2b reduction) (1.19)
Sep 2016...180.8b ; 3.39b
(2.6b reduction) (1.16b)
Dec 2016....178.2b ; 4.55b
The rate cap does not seem to have changed the interest paid out in the two consecutive quarters considering the reduction in customer deposits differed by kSh.600m over the same period.

Where are the comprehensive/detailed results? The condensed version doesn't shed a lot of light.
The main purpose of the stock market is to make fools of as many people as possible.
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lochaz-index
#38 Posted : Thursday, February 23, 2017 4:06:52 PM
Rank: Veteran


Joined: 9/18/2014
Posts: 1,127
Ebenyo wrote:

They had to increase LLP to cover for the
increasing NPLs.Thats a red flag.I wont
touch here for now even though the dividend
yield is tempting.Coupled with uncertainity of
who will buy barclays africa,this is a no go zone
for now.

Not at all. Barclays made the correct call here which is what every bank should do. From the scanty condensed results, have a look at the charge off figures.

BBK basically expensed the total loan loss reserve from their balance sheet through the P&L. Although this impacts the EPS negatively, it 'normalizes' the earnings in anticipation of FY 2017. If they do that for every quarter through 2017, BBK will be amongst the first financial stocks off the blocks once the bull returns.

Any bank that continues to hold NPL's in the balance sheet is setting itself up for shocking results @FY2017 and a massive stock price clobbering. Big bath provisioning and huge charge offs is the prudent method to smooth out the curve.
The main purpose of the stock market is to make fools of as many people as possible.
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winmak
#39 Posted : Thursday, February 23, 2017 4:44:33 PM
Rank: Member


Joined: 12/1/2007
Posts: 539
Location: Nakuru
Is this minirally about the DVD?
For investors as a whole, returns decrease as motion increases ~ WB
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Pesa Nane
#40 Posted : Wednesday, May 03, 2017 9:48:59 AM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Metasploit wrote:
Realcement wrote:
Please what of final dividend ?


0.8 cents

Promptly paid smile
Pesa Nane plans to be shilingi when he grows up.
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