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COOP, Barclays, NBK, banks HY 2011 result analysis

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kenyainvestor		#21 Posted : Wednesday, August 03, 2011 12:52:11 PM
Rank: Member Joined: 7/12/2011 Posts: 194		For a comprehensive analysis of the results check out my blog LINK: BARCLAYS BANK OF KENYA HALF YEAR 2011 RESULTS ANALYSIS LATEST BLOG POST: NSE BANKING SECTOR REPORT - THE TOP 5 FACEBOOK: Kenya Investing TWITTER HANDLE: @kenyainvestor
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Ericsson		#22 Posted : Wednesday, August 03, 2011 2:49:45 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,778 Location: NAIROBI		Co-op bank had a decline in customer deposits and assets by Ksh.5 billion. Things are really tough for some banks Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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selah		#23 Posted : Wednesday, August 03, 2011 3:20:15 PM
Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya		Ericsson wrote: Co-op bank had a decline in customer deposits and assets by Ksh.5 billion. Things are really tough for some banks The decline in customer deposit is some how a norm in all banks in this Q2 compared to the Q1. IMO The rise in inflation has forced some depositors to invest in G-Sec due to the prevailing attractive rates or due to high food prices many are stretched their income hence having little save. '......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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kenyainvestor		#24 Posted : Wednesday, August 03, 2011 3:43:01 PM
Rank: Member Joined: 7/12/2011 Posts: 194		Bank accounts now stand at 2.2 Million accounts, up from 1.4 Million accounts, thanks in no small part due to their all inclusive bank staff initiative. This represents an over 57% growth. FOREX Trading Income rose by 43.9% to Kshs. 539 Million The Branch network now stands at 89. ATM networks are now accessible in over 410 service points. They also have their eyes set on Agency Banking For more analysis, check out my blog LINK: THE CO-OPERATIVE BANK OF KENYA HALF YEAR 2011 ANALYSIS LATEST BLOG POST: NSE BANKING SECTOR REPORT - THE TOP 5 FACEBOOK: Kenya Investing TWITTER HANDLE: @kenyainvestor
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the deal		#25 Posted : Thursday, August 04, 2011 7:42:30 PM
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery		Strong performance from Coop, if the bank is able to maintain this performance during the 2H of 2011 full year EPS will come in around Sh1.9, at the current share price of Sh15 the stock trades on a forward PE of 7.8, which is quiet inexpensive, the only worry is the drop in customer deposits and super inflation as we head into the 2H of 2011. Read more here http://www.contrarianinv...ending-our-analysis.html
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e_kijana		#26 Posted : Thursday, August 04, 2011 11:25:25 PM
Rank: Member Joined: 1/17/2009 Posts: 55		@Kenyainvestor - Thanks for the very useful analysis. I also looked at the results they published on the paper and for the CIC Fanboys, there is a line "Exceptional items - Share of Profit of associate" in P&L.... It shows that in H1 of FY11, CIC Made a PBT of ~429M thereby having co-op bank recognise $90M (21%). Compare that with the full year 2010 where the bank recognised ~130M vs CIC Full FY10 PBT (~605M). Tremendous results from CIC no doubt!
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kenyainvestor		#27 Posted : Friday, August 05, 2011 12:44:42 AM
Rank: Member Joined: 7/12/2011 Posts: 194		e_kijana wrote: @Kenyainvestor - Thanks for the very useful analysis. I also looked at the results they published on the paper and for the CIC Fanboys, there is a line "Exceptional items - Share of Profit of associate" in P&L.... It shows that in H1 of FY11, CIC Made a PBT of ~429M thereby having co-op bank recognise $90M (21%). Compare that with the full year 2010 where the bank recognised ~130M vs CIC Full FY10 PBT (~605M). Tremendous results from CIC no doubt! Thanks. CIC will certainly play an important part in boosting CO-OP's profit over the coming years LATEST BLOG POST: NSE BANKING SECTOR REPORT - THE TOP 5 FACEBOOK: Kenya Investing TWITTER HANDLE: @kenyainvestor
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kenyainvestor		#28 Posted : Saturday, August 06, 2011 12:29:19 AM
Rank: Member Joined: 7/12/2011 Posts: 194		NBK derived almost half (48.7%) of their Total Interest Income of Kshs. 3.1 Billion from interest from Government Securities. This underlines their dependence on Government Securities. The Operating Expenses are grew nearly twice as much as the Operating Income The Cost:Income ratio increased to 70.9% from 62.9% For a closer look at the National Bank Half Year results, check out my blog LINK: NATIONAL BANK HALF YEAR 2011 RESULTS ANALYSIS LATEST BLOG POST: NSE BANKING SECTOR REPORT - THE TOP 5 FACEBOOK: Kenya Investing TWITTER HANDLE: @kenyainvestor
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