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Family Bank?
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Angelica _ann
#41 Posted : Tuesday, November 22, 2016 3:49:17 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,901
kaka2za wrote:
Surething wrote:
alma1 wrote:
Why are they seeing the need to issue statements on how fantastic they are doing? Why all the twitter robots now turned on to say how great they are?



Speaking from first hand experience here. My mum has her security firm's account in family bank. She recently went there to withdrau w a mere 20k to sort salary advances only to leave the bank with 2k. The way they are reacting will only Stoke more panic. Right now my mum is in the process of optu ening a new organization account at KCB so that December payments are all channelled through this new account.


Sounds like second hand mucene. First hand experience must be your own!

smile smile smile
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Mainat
#42 Posted : Tuesday, November 22, 2016 4:07:12 PM
Rank: Veteran


Joined: 11/21/2006
Posts: 1,590
The former gavana used to treat banks like they were doing him a favor allowing him to regulate them.
FB won't be the last bank to have all their past sins catch with them.
Funny that Munyiri is now running a microfinance
Sehemu ndio nyumba
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muganda
#43 Posted : Wednesday, November 23, 2016 12:49:42 PM
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Joined: 9/15/2006
Posts: 3,901
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KulaRaha
#44 Posted : Wednesday, November 23, 2016 12:53:19 PM
Rank: Elder


Joined: 7/26/2007
Posts: 6,514
And there are folks here buying bank shares claiming the worst is over....wait until the big boys feel this pressure....they cant sugarcoat balance sheets forever...
Business opportunities are like buses,there's always another one coming
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maka
#45 Posted : Wednesday, November 23, 2016 1:13:42 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
KulaRaha wrote:
And there are folks here buying bank shares claiming the worst is over....wait until the big boys feel this pressure....they cant sugarcoat balance sheets forever...


Ukweli wa mambo...
possunt quia posse videntur
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Gadaffi
#46 Posted : Wednesday, November 23, 2016 2:31:37 PM
Rank: Member


Joined: 2/13/2011
Posts: 284
Location: Nairobi
muganda wrote:
q3 2016 Tragedy:
http://www.capitalfm.co.ke/busi...-to-post-sh1-4bn-profit/




I will be interested to see the change in the loan book. This will tell us a lot.
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Mainat
#47 Posted : Wednesday, November 23, 2016 3:00:33 PM
Rank: Veteran


Joined: 11/21/2006
Posts: 1,590
Three pts:
1) The bank also saw lower interim PBT compared to last yr. That tells me that NYS/Chase et al are the issues
2) Its far too early to see the impact of the interest cap. As at end of September, the thing was live for weeks not even months.
3)NPLs are the other issue. Its probably not booking enough of them. Also, overall loan book has been decreasing since Q1 i.e. since NYS, chase et al
Sehemu ndio nyumba
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Ericsson
#48 Posted : Wednesday, November 23, 2016 4:53:12 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,636
Location: NAIROBI
Family Bank is lying.
Interest rate cap was only applicable for two weeks.
There was something not right even before
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Angelica _ann
#49 Posted : Wednesday, November 23, 2016 5:00:53 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,901
Ericsson wrote:
Family Bank is lying.
Interest rate cap was only applicable for two weeks.
There was something not right even before

New guys after Munyiri could be using the excuse to clean books especially bad loans!!!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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obiero
#50 Posted : Wednesday, November 23, 2016 6:11:27 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,472
Location: nairobi
Gadaffi wrote:
muganda wrote:
q3 2016 Tragedy:
http://www.capitalfm.co.ke/busi...-to-post-sh1-4bn-profit/




I will be interested to see the change in the loan book. This will tell us a lot.

The exchange bar warned you about this bank

HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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muganda
#51 Posted : Thursday, November 24, 2016 4:04:09 PM
Rank: Elder


Joined: 9/15/2006
Posts: 3,901
Bravery is Family Bank posting q3 2016 Tragedy on their site
http://familybank.co.ke/wp-cont...cial-Results-Q3-2016.pdf

Low-lights:
- loans and advances back to FY 2015 level
- amount in government securities shrank 23%
- owing due to CBK 2.27bn; other borrowed funds up 3bn

- customer deposits down 15%

- loan loss provisions up five-fold
- gross non-performing loans doubled
- loans to directors/shareholders/associates up 61%
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enyands
#52 Posted : Thursday, November 24, 2016 4:14:49 PM
Rank: Elder


Joined: 12/25/2014
Posts: 2,300
Location: kenya
muganda wrote:
Bravery is Family Bank posting q3 2016 Tragedy on their site
http://familybank.co.ke/wp-cont...cial-Results-Q3-2016.pdf

Low-lights:
- loans and advances back to FY 2015 level
- amount in government securities shrank 23%
- owing due to CBK 2.27bn; other borrowed funds up 3bn

- customer deposits down 15%

- loan loss provisions up five-fold
- gross non-performing loans doubled
- loans to directors/shareholders/associates up 61%



Seems Kenyans don't want to be associated with alleged banks associated in laundering of money.this is a good thing and I like it
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alma1
#53 Posted : Thursday, November 24, 2016 4:32:41 PM
Rank: Elder


Joined: 9/19/2015
Posts: 2,871
Location: hapo
muganda wrote:
Bravery is Family Bank posting q3 2016 Tragedy on their site
http://familybank.co.ke/wp-cont...cial-Results-Q3-2016.pdf

Low-lights:
- loans and advances back to FY 2015 level
- amount in government securities shrank 23%
- owing due to CBK 2.27bn; other borrowed funds up 3bn

- customer deposits down 15%

- loan loss provisions up five-fold
- gross non-performing loans doubled
- loans to directors/shareholders/associates up 61%



Njunge tuko pamoja na wewe kuhusu banki hii ya familia.
Thieves are not good people. Tumeelewana?
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MadDoc
#54 Posted : Thursday, November 24, 2016 5:01:01 PM
Rank: Member


Joined: 10/26/2015
Posts: 151
muganda wrote:
q3 2016 Tragedy:
http://www.capitalfm.co.ke/busi...-to-post-sh1-4bn-profit/





BullshitLiar
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muandiwambeu
#55 Posted : Friday, November 25, 2016 4:54:03 AM
Rank: Veteran


Joined: 8/28/2015
Posts: 1,247
MadDoc wrote:
[quote=muganda]q3 2016 Tragedy:
http://www.capitalfm.co.ke/busi...-to-post-sh1-4bn-profit/





BullshitLiar [/quote
why many kenyans are poor despite being hardworking.
#1. Atleast 10%(3 out of 30yrs) of their actie productive time is stolen effort that does not benefit them.
Critic with facts.
There goes the bullshit again;--
,Behold, a sower went forth to sow;....
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Impunity
#56 Posted : Friday, November 25, 2016 8:50:42 AM
Rank: Elder


Joined: 3/2/2009
Posts: 26,325
Location: Masada
MadDoc wrote:
muganda wrote:
q3 2016 Tragedy:
http://www.capitalfm.co.ke/busi...-to-post-sh1-4bn-profit/





BullshitLiar



Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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MadDoc
#57 Posted : Friday, November 25, 2016 9:15:23 AM
Rank: Member


Joined: 10/26/2015
Posts: 151
muandiwambeu wrote:
MadDoc wrote:
[quote=muganda]q3 2016 Tragedy:
http://www.capitalfm.co.ke/busi...-to-post-sh1-4bn-profit/





BullshitLiar [/quote
why many kenyans are poor despite being hardworking.
#1. Atleast 10%(3 out of 30yrs) of their actie productive time is stolen effort that does not benefit them.
Critic with facts.
There goes the bullshit again;--


It's just basic common sense.
Why aren't other institutions affected as much?
46% reduction???? Even Barclays didn't fall that farfar.
furthermore, the interest cap was enforced barely 2 months ago.


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obiero
#58 Posted : Wednesday, March 29, 2017 10:09:43 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,472
Location: nairobi
MadDoc wrote:
muandiwambeu wrote:
MadDoc wrote:
[quote=muganda]q3 2016 Tragedy:
http://www.capitalfm.co.ke/busi...-to-post-sh1-4bn-profit/





BullshitLiar [/quote
why many kenyans are poor despite being hardworking.
#1. Atleast 10%(3 out of 30yrs) of their actie productive time is stolen effort that does not benefit them.
Critic with facts.
There goes the bullshit again;--


It's just basic common sense.
Why aren't other institutions affected as much?
46% reduction???? Even Barclays didn't fall that farfar.
furthermore, the interest cap was enforced barely 2 months ago.



Net profit for full year down 82%

HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Coolbull
#59 Posted : Wednesday, March 29, 2017 10:30:35 PM
Rank: Member


Joined: 10/23/2007
Posts: 602
Blame it on Kabura and Waiguru manenos. Most account holders took off with their cash.
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Wakanyugi
#60 Posted : Thursday, March 30, 2017 8:51:51 AM
Rank: Veteran


Joined: 7/3/2007
Posts: 1,634
muganda wrote:
Bravery is Family Bank posting q3 2016 Tragedy on their site
http://familybank.co.ke/wp-cont...cial-Results-Q3-2016.pdf

Low-lights:
- loans and advances back to FY 2015 level
- amount in government securities shrank 23%
- owing due to CBK 2.27bn; other borrowed funds up 3bn

- customer deposits down 15%

- loan loss provisions up five-fold
- gross non-performing loans doubled
- loans to directors/shareholders/associates up 61%




This looks like a clear candidate for takeover


"The opposite of a correct statement is a false statement. But the opposite of a profound truth may well be another profound truth." (Niels Bohr)
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