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NBK FY 2012 RESULTS
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FUNKY
#1 Posted : Monday, March 25, 2013 9:33:42 AM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
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jerry
#2 Posted : Monday, March 25, 2013 10:13:41 AM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
FUNKY wrote:
http://t.co/MlimqEJtYV

DPS 0.20

Let it drop like an atomic bomb!
The opposite of courage is not cowardice, it's conformity.
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hisah
#3 Posted : Monday, March 25, 2013 11:39:16 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
PBT down 53%
EPS down 53.3% to 1.49 vs 3.19
DPS cut into half (50%) to 20cts vs 40cts - wonder why they're paying a div with these results.

But the crappy line that ties my stomach into knots is the NPL. This one is really bad... This thing will slide past 16. I don't see how that NPL item will be fixed in 2013. Are these toxic bad loans? Anyone see this? @deal @mwekezaji @youcant @vvs @guru
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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the deal
#4 Posted : Monday, March 25, 2013 12:24:38 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
hisah wrote:
PBT down 53%
EPS down 53.3% to 1.49 vs 3.19
DPS cut into half (50%) to 20cts vs 40cts - wonder why they're paying a div with these results.

But the crappy line that ties my stomach into knots is the NPL. This one is really bad... This thing will slide past 16. I don't see how that NPL item will be fixed in 2013. Are these toxic bad loans? Anyone see this? @deal @mwekezaji @youcant @vvs @guru

I saw those NPL's...could negate 2013 if not recovered....
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mwekez@ji
#5 Posted : Monday, March 25, 2013 12:53:09 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
the deal wrote:
hisah wrote:
PBT down 53%
EPS down 53.3% to 1.49 vs 3.19
DPS cut into half (50%) to 20cts vs 40cts - wonder why they're paying a div with these results.

But the crappy line that ties my stomach into knots is the NPL. This one is really bad... This thing will slide past 16. I don't see how that NPL item will be fixed in 2013. Are these toxic bad loans? Anyone see this? @deal @mwekezaji @youcant @vvs @guru

I saw those NPL's...could negate 2013 if not recovered....


Indeed that NPL upsurge is eye popping. Munir must be cleaning up the skeletons. I wonder how much more are still in the closet
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mwekez@ji
#6 Posted : Monday, March 25, 2013 1:18:09 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
NBK poor performance goes to record as a huge divergence from the industry. The reason given of high interest rate is not sufficient because all other banks operated under the same environment but did not report such performance. There are stinking skeletons (internal factors) in NBK and the sooner they understand them the better it will be for the bank.
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mwekez@ji
#7 Posted : Monday, March 25, 2013 1:45:47 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
>Net Interest Income; down 6.03%; this we can attributed to the high interest rates and managements inability to deal with this like other banks

>Fees and Commissions on Loans and Advances; down 32.73%; reason, same as above

>Foreign Exchange Trading Income; down 26.04%; why?

>Other Income; up 34.13%; must be the bond valuations. This one really saved the day otherwise the results would have been very very very baaaaaaaaad

>Staff Costs; up 18.05%; how many more branches did NBK open in 2012? Are they strategically located or they will add to consuming dogs

>Amortisation charges; up 536.73%; what is this. is it the new banking system. if so, how much did the banking system cost and how much more will be amortised this year.
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hisah
#8 Posted : Monday, March 25, 2013 3:28:51 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Intraday low printed 18.50 with VWAP closing @20.30 down 9.78% from Friday's close @22.50.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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FUNKY
#9 Posted : Monday, March 25, 2013 4:06:45 PM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
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youcan'tstopusnow
#10 Posted : Monday, March 25, 2013 4:13:40 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Cost:Income Ratio has gone up from 68.65% to 85%

Loans and Advances were flat

Customer Deposits down Kshs. 1.5 Billion to Kshs. 46.7 Billion

Fees and Commissions reduced

Gross Non-Performing Loans shoot up 87.8% to Kshs. 2.25 Billion resulting in Loan Book Quality dropping sharply to 7.92% from 4.26%

Price:Earnings ratio now 13.6

GOD BLESS YOUR LIFE
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