Shady bank. Shady (major) shareholders. Shady capital structure. Shady results.

NBK manages funds for GoK (ministries and institutions) but when GoK is tightening the screws, what happens? [Think interbank borrowing]
What if GoK withdraw its deposits to reduce the need to borrow using T-Bills? [Deposits plummet, loans have to be reduced, interbank borrowing]
NPLs are a joke. The Provisions are a bigger joke. NBK provisioning level is lower than DTB. A bank like DTB has consistently had low NPLs but I think this is of their customer base and loan underwriting standards. NBK had just 1.1% of the Loan Book as provisions. So unless, they wrote off tons of NPLs, the provision is barely above the 1% General Provision required by CBK.

Anyway, I am not in this boat but just watching from the shore!
"When the tide goes out, we will know who was swimming naked"

10 bps is nothing. I fear it could be higher BUT the new CBK governor is a smart chap. It's better to leave interest rates alone and let the KES depreciate.

My biggest eye (the left one), is more on the U.S Fed this coming September. The effect of that interest rate hike (should they do so), should be interesting to watch. And a great learning experience.

Investors may flee emerging markets for U.S bonds or may flee U.S markets in anticipation of lower demand for U.S goods.

I am with pen and paper taking notes.