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CoopBank Q1 2011 - Brilliant results
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mlennyma
#21 Posted : Wednesday, April 27, 2011 10:41:51 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
We are in this market not to joke but to capture the next coin the quickest posible time.
"Don't let the fear of losing be greater than the excitement of winning."
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guru267
#22 Posted : Wednesday, April 27, 2011 10:43:37 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
VituVingiSana wrote:
youcan'tstopusnow wrote:
VituVingiSana wrote:
mlennyma wrote:
The 1st listed bank to pull the trigger has not disappointed.kenya is a great economy despite the politics,inflation and drought.
Or they are exploiting us... Funny, that when OMCs make a low ROA but prices of fuel go up... all are up in arms yet Kenya's largest OMC makes far less in 1 year than Barclays or Equity does in 1 quarter....

Laughing out loudlyLaughing out loudlyLaughing out loudly VVS, mafuta ni muhimu! I humbly suggest that people should stack their portfolios with banks. THIS IS THE DECADE OF THE BANKS!
I support free markets but if we are going for price controls then start with banks! Let the lending & savings rates be 'fixed' through a fair formula so banks will have to be more efficient on how they deliver services.


Banking is not an essential service therefore no grounds for price controls
Mark 12:29
Deuteronomy 4:16
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selah
#23 Posted : Wednesday, April 27, 2011 10:43:44 AM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
VituVingiSana wrote:
mlennyma wrote:
The 1st listed bank to pull the trigger has not disappointed.kenya is a great economy despite the politics,inflation and drought.
Or they are exploiting us... Funny, that when OMCs make a low ROA but prices of fuel go up... all are up in arms yet Kenya's largest OMC makes far less in 1 year than Barclays or Equity does in 1 quarter....

KK 1.77bn during entire 2010
Co-op 1.64bn in 1Q 2011
I expect Equity & KCB PAT to be even higher!


I think COOP is reaping from its prudent expansion strategy.If you analyse its expansion unlike Equity,Barclays and KCB their branch network is well thought out such that they only open a branch where it can sustain itself.

Take Isiolo for instance they operate a mobile bank as they survey sustainability of a branch.If you take KCB and Equity most of their profitability is eaten up by branches which are not sustainable.Equity for instance recorded loses in their Ugandan operation.
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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Cde Monomotapa
#24 Posted : Wednesday, April 27, 2011 10:43:46 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
youcan'tstopusnow wrote:
Kweli people were waiting for this results. So many people are 'peeping' into this threadsmile

I tell u man. @VVS..I have asked you before whether u r a Marxist coz @ times U introduce some very anti-capitalist thinking.
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mwanahisa
#25 Posted : Wednesday, April 27, 2011 10:47:56 AM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
Here is the link for those who may not have seen the results yet.

http://www.2shared.com/d...k_-_Q1_2011_results.html
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the deal
#26 Posted : Wednesday, April 27, 2011 10:51:31 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
@YCS i'm looking at the results...my fears have been confirmed...other banks are in trouble...i will post my analysis on my blog...btwn i said 1Q is not a good measure lets wait for H1.
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QW25071985
#27 Posted : Wednesday, April 27, 2011 10:55:50 AM
Rank: Veteran

Joined: 3/25/2011
Posts: 946
[quote=mwanahisa]Here is the link for those who may not have seen the results yet.

http://www.2shared.com/d..._-_Q1_2011_results.html[/quote]

thank you very much....smile smile
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guru267
#28 Posted : Wednesday, April 27, 2011 10:56:55 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
the deal wrote:
@YCS i'm looking at the results...my fears have been confirmed...other banks are in trouble...i will post my analysis on my blog...btwn i said 1Q is not a good measure lets wait for H1.

KCB will do better than co op
Mark 12:29
Deuteronomy 4:16
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youcan'tstopusnow
#29 Posted : Wednesday, April 27, 2011 10:57:39 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Cde Monomotapa wrote:
@VVS..I have asked you before whether u r a Marxist coz @ times U introduce some very anti-capitalist thinking.

Laughing out loudlyLaughing out loudlyLaughing out loudlyLaughing out loudly Hiyo ni kali. Ati VVS MarxistLaughing out loudly Tell you what, VVS is the biggest Capitalist I know of in Wazua.
GOD BLESS YOUR LIFE
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youcan'tstopusnow
#30 Posted : Wednesday, April 27, 2011 11:04:47 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
selah, how sure are you that Equity Uganda has not made money in Q1 2011? Which bank doesn't take time to break even? Ata coop branches don't make profits in the first week. The reason behind Equity's heavy losses in Uganda is because it was an acquisition as opposed to a start-up. It took a while for whole systems to be overhauled. But a new management is in place and I believe the problems are behind them
GOD BLESS YOUR LIFE
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