Wazua
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NIC Q1 2013- PAT up 20%
Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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Interestingly, loans are down a Ksh1bn on Dec... Sehemu ndio nyumba
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Mainat wrote:Interestingly, loans are down a Ksh1bn on Dec... ... and deposits down a whopping ksh5b on Dec. Good game though, net interest income is up 42.77% y/y, 12.26% q/q hence the impressive bottom line
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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I also like the significant reduction of investment securities Held To Maturity (HTM) and significant increase in investment securities Available For Sale (AFS). This play will pay well especially if interest rates slump
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Very poor balance sheet performance in Q1 2013...LTD Ratio now at 90%. Lets hope things improve!
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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the deal wrote:Very poor balance sheet performance in Q1 2013...LTD Ratio now at 90%. Lets hope things improve! Give applause to the Assets Liabilities Managers at NIC. They've managed to provide an optimum mix of assets and liabilities with impressive result in the income statement. Going forward, i see them loading cheap deposits + borrowing during low interest rate regime
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NIC Q1 2013- PAT up 20%
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