wazua Fri, Jan 17, 2025
Welcome Guest Search | Active Topics | Log In | Register

3 Pages<123
NBK FY 2012 RESULTS
Options
Previous Topic · Next Topic
the deal
#41 Posted : Wednesday, March 27, 2013 9:11:51 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
NBK CUSTOMER DEPOSIT EXPENSE Q/Q ANALYSIS FY 2012 KES BN

Q1 914 Q2 1092 Q3 825 Q4 737 TOTAL 3,568

It looks like NBK was already enjoying the benefits of cheap deposits but still no change d'oh!
Back to top
 Report Abusive | Report SPAM
Cde Monomotapa
#42 Posted : Wednesday, March 27, 2013 10:44:41 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
the deal wrote:
NBK CUSTOMER DEPOSIT EXPENSE Q/Q ANALYSIS FY 2012 KES BN

Q1 914 Q2 1092 Q3 825 Q4 737 TOTAL 3,568

It looks like NBK was already enjoying the benefits of cheap deposits but still no change d'oh!

Surely, how COULD NBK enjoy cheap deposits in FY '12 that amounted to a over 200% increase over FY '11?? smile
Back to top
 Report Abusive | Report SPAM | Edit by user: Wednesday, March 27, 2013 10:55 PM | Reason: ???
mwekez@ji
#43 Posted : Wednesday, March 27, 2013 11:40:58 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
The downside with NBK customer deposits is that half are invested in government securities while only the other half is put in loans and advances. Worse, the bonds are HTM (Held to Maturity) and yielding low returns.
Back to top
 Report Abusive | Report SPAM
Cde Monomotapa
#44 Posted : Thursday, March 28, 2013 1:34:41 AM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
^ Interesting aspersion that seeks to describe a fully fledged commercial bank's balance sheet structure as somewhat a non-deposit taking MFI. smile
Back to top
 Report Abusive | Report SPAM
Aguytrying
#45 Posted : Thursday, March 28, 2013 7:16:33 AM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
@comrade. Under constant attack and scrutiny. Just give it one year and well see what peeps will be saying then. Investors have to be prepared to go against the crowd sometimes.
The investor's chief problem - and even his worst enemy - is likely to be himself
Back to top
 Report Abusive | Report SPAM
hisah
#46 Posted : Thursday, March 28, 2013 8:09:44 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Aguytrying wrote:
@comrade. Under constant attack and scrutiny. Just give it one year and well see what peeps will be saying then. Investors have to be prepared to go against the crowd sometimes.

It's always rewarding betting against the crowd's extreme sentiment, but on this one I need to see H1 2013 esp that NPL item.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Back to top
 Report Abusive | Report SPAM
Cde Monomotapa
#47 Posted : Thursday, March 28, 2013 9:35:15 AM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
hisah wrote:
Aguytrying wrote:
@comrade. Under constant attack and scrutiny. Just give it one year and well see what peeps will be saying then. Investors have to be prepared to go against the crowd sometimes.

It's always rewarding betting against the crowd's extreme sentiment, but on this one I need to see H1 2013 esp that NPL item.

Hehee being in touch with the people, "open door policy" Obiter Dictum smile, GoK's 20B Bond to NBK in '07 was to be redeemed in four parts & if my calculations are correct, the 3rd part worth 5.04B should come through this year leaving the last 6.07B for later. That's lending/trading gun powder for a more aggressive NBK as the new management is putting forward. I rest it for now. Let's see...
Back to top
 Report Abusive | Report SPAM | Edit by user: Thursday, March 28, 2013 10:23 AM | Reason: Not specified
mwekez@ji
#48 Posted : Thursday, March 28, 2013 11:08:07 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
@Comrade Cde Monomotapa, only KES 5B of HTM Bonds are maturing within 2 years. The rest KES 20.7B (not a mere KES 6.07B as you insinuate) are around to haunt you. I will do a sensitivity analysis on the impact of the maturing KES 5B bond on the banks performance but truth is that the current state of Loan to Deposit ratio of 51.4% against sector average of 82.2% is not good for NBK. Alot of good money is tied in those HTM bond
Back to top
 Report Abusive | Report SPAM
VituVingiSana
#49 Posted : Thursday, March 28, 2013 11:59:19 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,129
Location: Nairobi
@mwekezaji - Though NBK lucked out getting the 20bn coz it was lent without proper documents & NBK was 'saved' [bailed out] due to political reasons.

Lucky for NBK they are government bonds so I believe they can be used to offset the requirement for NBK to hold government securities. The nature of the Bonds [unless exempted] does not allow NBK to sell them.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
 Report Abusive | Report SPAM
madebe
#50 Posted : Sunday, April 14, 2013 11:24:42 PM
Rank: Member


Joined: 10/7/2010
Posts: 251
Location: nairobi
How can this bank reach top five if its ATM can be non function from Friday till now and no statement or @!£&,()))!!!!!!!!!
Back to top
 Report Abusive | Report SPAM
FUNKY
#51 Posted : Tuesday, April 30, 2013 12:17:20 PM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,635
Back to top
 Report Abusive | Report SPAM
hisah
#52 Posted : Tuesday, April 30, 2013 5:54:51 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Presented without comment...

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Back to top
 Report Abusive | Report SPAM
mwekez@ji
#53 Posted : Wednesday, May 01, 2013 12:18:40 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
^^^ NBK Q1 2013 performance expected to be far below peers
Back to top
 Report Abusive | Report SPAM
Users browsing this topic
Guest (3)
3 Pages<123
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 © 2025 Wazua.co.ke. All Rights Reserved.