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COOP Bank Q3 2017 down by 10%
Ericsson
#1 Posted : Thursday, November 09, 2017 11:03:48 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Profit before tax also fell to Sh 13.7 Billion from Sh 15.2 Billion recorded in Q3 2016.

Profit after tax dropping by 9.5 percent to Sh 9.54 Billion compared to Sh 10.54 Billion reported in the same period in 2016.

Total Interest income declined by 7.7 percent from Sh 32.3 Billion to Sh 29.9 Billion as cost to income ration went up from 52.1 percent in Q3 last year to 47.6 percent in Q3 2017.

Net loans and advances over the period went up by 14.2 percent to Sh 32.4 Billion to Sh 259.4 Billion from Sh 227 Billion last year.

Customers deposits over the period also grew by a decent margin to Sh 289 Billion from Sh 257.8 Billion in the same period last year.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
winmak
#2 Posted : Thursday, November 09, 2017 11:24:08 AM
Rank: Member

Joined: 12/1/2007
Posts: 539
Location: Nakuru
Ericsson wrote:
Profit before tax also fell to Sh 13.7 Billion from Sh 15.2 Billion recorded in Q3 2016.

Profit after tax dropping by 9.5 percent to Sh 9.54 Billion compared to Sh 10.54 Billion reported in the same period in 2016.

Total Interest income declined by 7.7 percent from Sh 32.3 Billion to Sh 29.9 Billion as cost to income ration went up from 52.1 percent in Q3 last year to 47.6 percent in Q3 2017.

Net loans and advances over the period went up by 14.2 percent to Sh 32.4 Billion to Sh 259.4 Billion from Sh 227 Billion last year.

Customers deposits over the period also grew by a decent margin to Sh 289 Billion from Sh 257.8 Billion in the same period last year.


Likely this reflects capital migration from tier 3/4 to the tier 1. This may change if/when rate caps are lifted and the smaller banks become 'safer'
For investors as a whole, returns decrease as motion increases ~ WB
Ericsson
#3 Posted : Thursday, November 09, 2017 1:12:39 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Coop bank loan book size has overtaken overtake equity bank's
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
MadDoc
#4 Posted : Thursday, November 09, 2017 1:37:42 PM
Rank: Member

Joined: 10/26/2015
Posts: 151
Ericsson wrote:
Coop bank loan book size has overtaken overtake equity bank's

However, on PBT 13 vs 20B.
Ericsson
#5 Posted : Thursday, November 09, 2017 1:46:39 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Co-operative Bank of South Sudan that has a partnership with Government of South Sudan (Co-op Bank 51 percent and GOSS 49 percent) made a profit of Sh30 Million in the period.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
jawgey
#6 Posted : Thursday, November 09, 2017 3:40:26 PM
Rank: Member

Joined: 1/13/2014
Posts: 398
Location: Denmark
Ericsson wrote:
Co-operative Bank of South Sudan that has a partnership with Government of South Sudan (Co-op Bank 51 percent and GOSS 49 percent) made a profit of Sh30 Million in the period.


Not bad considering the circumstances. Better days lie ahead.
Seeing is believing
obiero
#7 Posted : Thursday, November 09, 2017 4:15:25 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
MadDoc wrote:
Ericsson wrote:
Coop bank loan book size has overtaken overtake equity bank's

However, on PBT 13 vs 20B.

Soon, EQTY will be toppled if they don't react more aggressively to the environment.. KCB though appears untouchable.. It's recent decisions have appeared inspired by the gods

KQ ABP 4.26
Angelica _ann
#8 Posted : Thursday, November 09, 2017 5:14:48 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
obiero wrote:
MadDoc wrote:
Ericsson wrote:
Coop bank loan book size has overtaken overtake equity bank's

However, on PBT 13 vs 20B.

Soon, EQTY will be toppled if they don't react more aggressively to the environment.. KCB though appears untouchable.. It's recent decisions have appeared inspired by the gods


Equity is regrouping, let the political dust settle you will see serious moves early next year. Watch this space!!!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Ericsson
#9 Posted : Thursday, November 09, 2017 5:33:17 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Angelica _ann wrote:
obiero wrote:
MadDoc wrote:
Ericsson wrote:
Coop bank loan book size has overtaken overtake equity bank's

However, on PBT 13 vs 20B.

Soon, EQTY will be toppled if they don't react more aggressively to the environment.. KCB though appears untouchable.. It's recent decisions have appeared inspired by the gods


Equity is regrouping, let the political dust settle you will see serious moves early next year. Watch this space!!!


We'll wait to see !!1!!
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
watesh
#10 Posted : Thursday, November 09, 2017 7:05:36 PM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
Angelica _ann wrote:
obiero wrote:
MadDoc wrote:
Ericsson wrote:
Coop bank loan book size has overtaken overtake equity bank's

However, on PBT 13 vs 20B.

Soon, EQTY will be toppled if they don't react more aggressively to the environment.. KCB though appears untouchable.. It's recent decisions have appeared inspired by the gods


Equity is regrouping, let the political dust settle you will see serious moves early next year. Watch this space!!!

Equity reduced its loan book to lend to the govt at a bigger margin.
They saw it was more profitable to do so.
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