wazua Wed, Apr 1, 2026
Welcome Guest Search | Active Topics | Log In

6 Pages<12345>»
NBK FY 2012 RESULTS
Options
Previous Topic · Next Topic
Mainat
#21 Posted : Monday, March 25, 2013 8:23:42 PM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Apart from the rise in staff costs (which can be fixed by firing), the real problem is the cost of funding. That is not sustainable and is not the way to run a bank...
Sehemu ndio nyumba
Back to top
  |
murchr
#22 Posted : Monday, March 25, 2013 10:42:16 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
jerry wrote:
murchr wrote:
Some thorough cleaning going on here, I really sympathise with the shushu's who hold this monkey.


You mean SHUSHUs and GUKAs? Advise the ones you know personaly if any.


The ones i see walking out of AGMs when the results read are an eye and earsore....I know none If i did i would advise accordingly. Sell n pick it up wh it lands down there.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
Back to top
  | | Edit by user: Monday, March 25, 2013 10:50 PM | Reason: Not specified
mwekez@ji
#23 Posted : Tuesday, March 26, 2013 9:04:39 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121


NBK freezes jobs as staff cost to total income ratio rises to outrageous 41% in FY 12.

http://www.businessdailyafrica....4/-/9ttiujz/-/index.html
Back to top
  |
youcan'tstopusnow
#24 Posted : Tuesday, March 26, 2013 9:58:36 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
mwekez@ji wrote:


NBK freezes jobs as staff cost to total income ratio rises to outrageous 41% in FY 12.

http://www.businessdailyafrica....-/9ttiujz/-/index.html

Can't help but notice Member's positionsmile
GOD BLESS YOUR LIFE
Back to top
WWW
  |
Cde Monomotapa
#25 Posted : Tuesday, March 26, 2013 10:47:36 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
youcan'tstopusnow wrote:
mwekez@ji wrote:


NBK freezes jobs as staff cost to total income ratio rises to outrageous 41% in FY 12.

http://www.businessdailyafrica....-/9ttiujz/-/index.html

Can't help but notice Member's positionsmile

Laughing out loudly Laughing out loudly The Benchmark smile Let's see how this fast-track reforms & expansion NBK combo-pack will pan out. S/O Messrs McKinsey
Back to top
  |
Mainat
#26 Posted : Tuesday, March 26, 2013 11:32:33 AM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
As I said, reducing costs without working out how to source cheaper deposits is only a stopgap measure
Sehemu ndio nyumba
Back to top
  |
Sufficiently Philanga....thropic
#27 Posted : Tuesday, March 26, 2013 12:38:02 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
youcan'tstopusnow wrote:
mwekez@ji wrote:


NBK freezes jobs as staff cost to total income ratio rises to outrageous 41% in FY 12.

http://www.businessdailyafrica....-/9ttiujz/-/index.html

Can't help but notice Member's positionsmile

True that @YCSUN on Member's management of costs. I side with @Hisah's prediction that Member will have a higher growth in stock price than Simba. I also believe they'l trounce simba profitwise in FY2013.
We await Q1 figures with bated breath!!
@SufficientlyP
Back to top
  |
Aguytrying
#28 Posted : Tuesday, March 26, 2013 3:05:28 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
NBK needs a major over haul if its to compete with the other banks. From branding to innovation and aggressiveness. In the meanwhile the non performing loans are worry some. Was it not for that and the high cost to income. It may be worth a recovery play at low price
The investor's chief problem - and even his worst enemy - is likely to be himself
Back to top
  |
Mainat
#29 Posted : Tuesday, March 26, 2013 5:51:17 PM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
The ratio of npl to loans is not dissimilar to Simba's which has a staggering 14bn of non performing loans.
The difference is that Simba makes serious revenue.
Sehemu ndio nyumba
Back to top
  |
Cde Monomotapa
#30 Posted : Tuesday, March 26, 2013 7:20:00 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
smile Absolute figures can be misleading. Relying on percentages is more credible IMO i.e NNPL or even GNPL as a % of the total loan book.
Back to top
  | | Edit by user: Tuesday, March 26, 2013 7:21 PM | Reason: Not specified
6 Pages<12345>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.