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Stanchart Kenya's H1 pretax profit surges 87 pct
ngapat
#1 Posted : Thursday, August 09, 2012 5:05:38 PM
Rank: Member


Joined: 12/11/2006
Posts: 884
Noma tu xana
http://af.reuters.com/ar...ws/idAFJOE87804K20120809
“Invest in yourself. Your career is the engine of your wealth.”
Ericsson
#2 Posted : Thursday, August 09, 2012 5:47:54 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
Results in the NSE website.
It has overtaken Barclays Bank in terms of profitability in the first half
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#3 Posted : Thursday, August 09, 2012 5:50:03 PM
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Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
Overtaken Barclays bank and Co-operative bank in assets too to become number 3 in terms of profits and assets
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
cnn
#4 Posted : Thursday, August 09, 2012 6:22:25 PM
Rank: Veteran


Joined: 6/17/2009
Posts: 1,619
They grew their loan book by 8 billion in the first half,Roar did about 4 billion.
youcan'tstopusnow
#5 Posted : Thursday, August 09, 2012 6:37:28 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Wow! They more than doubled their Interest Income from Loans and Advances to 7.7 Billion from 3.6 Billion. 'Other Income' also soared from 3 Million to 655 Million. Cost to Income Ratio of 40% is impressive. Hongera Beberu!
GOD BLESS YOUR LIFE
youcan'tstopusnow
#6 Posted : Thursday, August 09, 2012 6:38:41 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
And AKS says they also bagged Tullow as a client...
GOD BLESS YOUR LIFE
Impunity
#7 Posted : Thursday, August 09, 2012 6:41:50 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,328
Location: Masada
[quote=ngapat]Noma tu xana
http://af.reuters.com/ar...s/idAFJOE87804K20120809[/quote]

Milking wanjiku until powder come out.
Sad Sad
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

youcan'tstopusnow
#8 Posted : Thursday, August 09, 2012 6:45:20 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
cnn wrote:
They grew their loan book by 8 billion in the first half,Roar did about 4 billion.

Though they earned less in interest income in Q2 than in Q1...
GOD BLESS YOUR LIFE
youcan'tstopusnow
#9 Posted : Thursday, August 09, 2012 6:46:56 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Impunity wrote:


Milking wanjiku until powder come out.
Sad Sad


Hakuna Wanjiku Stanchart boss;-)
GOD BLESS YOUR LIFE
cnn
#10 Posted : Thursday, August 09, 2012 6:55:13 PM
Rank: Veteran


Joined: 6/17/2009
Posts: 1,619
youcan'tstopusnow wrote:
Wow! They more than doubled their Interest Income from Loans and Advances to 7.7 Billion from 3.6 Billion. 'Other Income' also soared from 3 Million to 655 Million. Cost to Income Ratio of 40% is impressive. Hongera Beberu!

And what is this 'other income'?,a one off entry?
obiero
#11 Posted : Thursday, August 09, 2012 7:31:51 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,558
Location: nairobi
cnn wrote:
youcan'tstopusnow wrote:
Wow! They more than doubled their Interest Income from Loans and Advances to 7.7 Billion from 3.6 Billion. 'Other Income' also soared from 3 Million to 655 Million. Cost to Income Ratio of 40% is impressive. Hongera Beberu!

And what is this 'other income'?,a one off entry?

Hata 'CNN' hajui habari? SCBK sold off their Moi Ave HQ hence abnormal PBT in H1 2012

COOP 70,000 ABP 15.20; HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
youcan'tstopusnow
#12 Posted : Thursday, August 09, 2012 7:41:17 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
obiero wrote:
cnn wrote:
youcan'tstopusnow wrote:
Wow! They more than doubled their Interest Income from Loans and Advances to 7.7 Billion from 3.6 Billion. 'Other Income' also soared from 3 Million to 655 Million. Cost to Income Ratio of 40% is impressive. Hongera Beberu!

And what is this 'other income'?,a one off entry?

Hata 'CNN' hajui habari? SCBK sold off their Moi Ave HQ hence abnormal PBT in H1 2012

Hmmm... Fits the bill as the said building was reportedly sold at Kshs. 600 Million. I had thought the transaction was captured in the 2011 report...
GOD BLESS YOUR LIFE
gatoho
#13 Posted : Thursday, August 09, 2012 8:41:20 PM
Rank: Member


Joined: 1/1/2010
Posts: 511
Location: kandara, Murang'a
Interim Dividend?
Foresight..
maka
#14 Posted : Thursday, August 09, 2012 9:40:39 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
gatoho wrote:
Interim Dividend?

...no interim dividend.
possunt quia posse videntur
Cde Monomotapa
#15 Posted : Thursday, August 09, 2012 11:55:38 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
youcan'tstopusnow wrote:
Wow! Hongera Beberu!

Laughing out loudly Laughing out loudly
sparkly
#16 Posted : Friday, August 10, 2012 8:11:58 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
What is the effect less the one off items viz bond write down 2011 and moi ave building.
Life is short. Live passionately.
FundamentAli
#17 Posted : Friday, August 10, 2012 10:58:33 AM
Rank: Veteran


Joined: 11/4/2008
Posts: 1,289
Location: Nairobi
Ericsson wrote:
Overtaken Barclays bank and Co-operative bank in assets too to become number 3 in terms of profits and assets


I predicted this in this forum that Barclays will be the number 5 bank in the country. With inflation and stagnant deposits for 5 years, how can you claim you are growing the business?
sparkly
#18 Posted : Friday, August 10, 2012 2:55:12 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
http://www.investopedia....W-8/9/2012#axzz238wAYQ66
Life is short. Live passionately.
mwekez@ji
#19 Posted : Saturday, August 11, 2012 6:54:12 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
youcan'tstopusnow wrote:
obiero wrote:
cnn wrote:
youcan'tstopusnow wrote:
Wow! They more than doubled their Interest Income from Loans and Advances to 7.7 Billion from 3.6 Billion. 'Other Income' also soared from 3 Million to 655 Million. Cost to Income Ratio of 40% is impressive. Hongera Beberu!

And what is this 'other income'?,a one off entry?

Hata 'CNN' hajui habari? SCBK sold off their Moi Ave HQ hence abnormal PBT in H1 2012

Hmmm... Fits the bill as the said building was reportedly sold at Kshs. 600 Million. I had thought the transaction was captured in the 2011 report...


When BBK sold its custody business in year 2010, it report the income from the transaction as exceptional income. That enables investors to know the PBT before such exceptional (one off) transaction. Why couldn't Stanchart do the same?
mwekez@ji
#20 Posted : Saturday, August 11, 2012 6:59:11 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
The H1 2012 CEO statement says the KES 3.2 B rights issue that was approved by shareholders in the last AGM will be done in this H2 2012 #Watch out.
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