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NBK First Rights Issue
Rank: Chief Joined: 5/31/2011 Posts: 5,121
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mwekez@ji wrote:DAMN!!! Were it not for bad debt recovery of KES.1,172,834,000, the reported net profit of KES.729,752,000 could have been a net loss of KES.443,082,000 (729,752,000-1,172,834,000) >>> The bad debt recovery was included in other operating income. See the details in page 47 of the 2012 annual report >>> http://www.nationalbank.co.ke/u...ds/Annual_Report_nbk.pdf That technically ranks NBK with the four FY12 loss making banks i.e. Ecobank, UBA, ECB, Dubai Bank. #Not_Good
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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#Untouchable...will look at it when the oil starts flowing "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
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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murchr wrote:#Untouchable...will look at it when the oil starts flowing Talk about being late to the party! Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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@murchr @guru, save for the benefits of KE-Oil that will accrue to the whole of the banking industry, which specific benefits will accrue to NBK¿ I ask coz i dont see how NBK is specifically the banking sector KE-Oil play
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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mwekez@ji wrote:@murchr @guru, save for the benefits of KE-Oil that will accrue to the whole of the banking industry, which specific benefits will accrue to NBK¿ I ask coz i dont see how NBK is specifically the banking sector KE-Oil play Oil transactions will need government supported banks to flow through! Although they need to improve capacity we all know gava only has a majority in 2 banks ie consolidated and NBK... Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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mwekez@ji wrote:@murchr @guru, save for the benefits of KE-Oil that will accrue to the whole of the banking industry, which specific benefits will accrue to NBK¿ I ask coz i dont see how NBK is specifically the banking sector KE-Oil play Hii ndio banki ya serikali, who banks at NBK seriously apart from the GOK? "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
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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guru267 wrote:mwekez@ji wrote:@murchr @guru, save for the benefits of KE-Oil that will accrue to the whole of the banking industry, which specific benefits will accrue to NBK¿ I ask coz i dont see how NBK is specifically the banking sector KE-Oil play Oil transactions will need government supported banks to flow through! Although they need to improve capacity we all know gava only has a majority in 2 banks ie consolidated and NBK... Today, government transactions are going through a number of banks. This will certainly continue to be the way even with oil transactions. To add, government has been seeking ways of divesting from NBK. This will happen soon and its likely to be occur before oil money begins flowing ...
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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murchr wrote:mwekez@ji wrote:@murchr @guru, save for the benefits of KE-Oil that will accrue to the whole of the banking industry, which specific benefits will accrue to NBK¿ I ask coz i dont see how NBK is specifically the banking sector KE-Oil play Hii ndio banki ya serikali, who banks at NBK seriously apart from the GOK? Banki ya serikali??? check again, serikali anafanya biasara na benki mingi sikuhizi
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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mwekez@ji wrote:murchr wrote:mwekez@ji wrote:@murchr @guru, save for the benefits of KE-Oil that will accrue to the whole of the banking industry, which specific benefits will accrue to NBK¿ I ask coz i dont see how NBK is specifically the banking sector KE-Oil play Hii ndio banki ya serikali, who banks at NBK seriously apart from the GOK? Banki ya serikali??? check again, serikali anafanya biasara na benki mingi sikuhizi This one bags the cake... "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
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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mwekez@ji wrote:murchr wrote:mwekez@ji wrote:@murchr @guru, save for the benefits of KE-Oil that will accrue to the whole of the banking industry, which specific benefits will accrue to NBK¿ I ask coz i dont see how NBK is specifically the banking sector KE-Oil play Hii ndio banki ya serikali, who banks at NBK seriously apart from the GOK? Banki ya serikali??? check again, serikali anafanya biasara na benki mingi sikuhizi The idea here direct from the new CEO is to make NBK one of the top 5 banks and then access gava funds leveraging off the shareholding... Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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murchr wrote:mwekez@ji wrote:murchr wrote:mwekez@ji wrote:@murchr @guru, save for the benefits of KE-Oil that will accrue to the whole of the banking industry, which specific benefits will accrue to NBK¿ I ask coz i dont see how NBK is specifically the banking sector KE-Oil play Hii ndio banki ya serikali, who banks at NBK seriously apart from the GOK? Banki ya serikali??? check again, serikali anafanya biasara na benki mingi sikuhizi This one bags the cake... What percentage of the cake .... i have seen big deals going through kcb and equity
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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guru267 wrote:mwekez@ji wrote:murchr wrote:mwekez@ji wrote:@murchr @guru, save for the benefits of KE-Oil that will accrue to the whole of the banking industry, which specific benefits will accrue to NBK¿ I ask coz i dont see how NBK is specifically the banking sector KE-Oil play Hii ndio banki ya serikali, who banks at NBK seriously apart from the GOK? Banki ya serikali??? check again, serikali anafanya biasara na benki mingi sikuhizi The idea here direct from the new CEO is to make NBK one of the top 5 banks and then access gava funds leveraging off the shareholding... Pls give link to that ceo talk. & better, share the strategy of how they will oust the top 5 banks who are currently doing well and with very good prospects for both private and government business
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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mwekez@ji wrote:murchr wrote:mwekez@ji wrote:murchr wrote:mwekez@ji wrote:@murchr @guru, save for the benefits of KE-Oil that will accrue to the whole of the banking industry, which specific benefits will accrue to NBK¿ I ask coz i dont see how NBK is specifically the banking sector KE-Oil play Hii ndio banki ya serikali, who banks at NBK seriously apart from the GOK? Banki ya serikali??? check again, serikali anafanya biasara na benki mingi sikuhizi This one bags the cake... What percentage of the cake .... i have seen big deals going through kcb and equity I may not have a % but I know KRA banks with NBK and the Central Bank. "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
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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murchr wrote:mwekez@ji wrote:murchr wrote:mwekez@ji wrote:murchr wrote:mwekez@ji wrote:@murchr @guru, save for the benefits of KE-Oil that will accrue to the whole of the banking industry, which specific benefits will accrue to NBK¿ I ask coz i dont see how NBK is specifically the banking sector KE-Oil play Hii ndio banki ya serikali, who banks at NBK seriously apart from the GOK? Banki ya serikali??? check again, serikali anafanya biasara na benki mingi sikuhizi This one bags the cake... What percentage of the cake .... i have seen big deals going through kcb and equity I may not have a % but I know KRA banks with NBK and the Central Bank. Picture this, as at Dec 2012, government deposits in the following banks were as follows; > KCB - KES. 66,669,283,000 > NBK - KES. 29,467,978,000 Above figure are extracted from the respective banks annual reports. Clearly, who is bagging the bigger cake?
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Rank: Member Joined: 7/5/2008 Posts: 390
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mwekez@ji wrote:Top two shareholders
1. NSSF - 48.05%
2. GOK - 22.50%
Save for the two, no one has more than 0.5% shareholding in NBK, meaning NSSF + GOK will determine the success of this rights issue I thought I read somewhere that Kirinyaga Construction Company and Eng. Ephraim Maina together hold more than 4%. They must have reduced their ownership
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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mwekez@ji wrote:murchr wrote:mwekez@ji wrote:murchr wrote:mwekez@ji wrote:murchr wrote:mwekez@ji wrote:@murchr @guru, save for the benefits of KE-Oil that will accrue to the whole of the banking industry, which specific benefits will accrue to NBK¿ I ask coz i dont see how NBK is specifically the banking sector KE-Oil play Hii ndio banki ya serikali, who banks at NBK seriously apart from the GOK? Banki ya serikali??? check again, serikali anafanya biasara na benki mingi sikuhizi This one bags the cake... What percentage of the cake .... i have seen big deals going through kcb and equity I may not have a % but I know KRA banks with NBK and the Central Bank. Picture this, as at Dec 2012, government deposits in the following banks were as follows; > KCB - KES. 66,669,283,000 > NBK - KES. 29,467,978,000 Above figure are extracted from the respective banks annual reports. Clearly, who is bagging the bigger cake? Mmhh good to know, but who is more likely to find favor between these 2? Looking at ownership structure "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
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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murchr wrote:mwekez@ji wrote:murchr wrote:mwekez@ji wrote:murchr wrote:mwekez@ji wrote:murchr wrote:mwekez@ji wrote:@murchr @guru, save for the benefits of KE-Oil that will accrue to the whole of the banking industry, which specific benefits will accrue to NBK¿ I ask coz i dont see how NBK is specifically the banking sector KE-Oil play Hii ndio banki ya serikali, who banks at NBK seriously apart from the GOK? Banki ya serikali??? check again, serikali anafanya biasara na benki mingi sikuhizi This one bags the cake... What percentage of the cake .... i have seen big deals going through kcb and equity I may not have a % but I know KRA banks with NBK and the Central Bank. Picture this, as at Dec 2012, government deposits in the following banks were as follows; > KCB - KES. 66,669,283,000 > NBK - KES. 29,467,978,000 Above figure are extracted from the respective banks annual reports. Clearly, who is bagging the bigger cake? Mmhh good to know, but who is more likely to find favor between these 2? Looking at ownership structure NBK ofcourse. NSSF 'maWorkers!!' must bank there too. YesS!!
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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mwekez@ji wrote:guru267 wrote:mwekez@ji wrote:murchr wrote:mwekez@ji wrote:@murchr @guru, save for the benefits of KE-Oil that will accrue to the whole of the banking industry, which specific benefits will accrue to NBK¿ I ask coz i dont see how NBK is specifically the banking sector KE-Oil play Hii ndio banki ya serikali, who banks at NBK seriously apart from the GOK? Banki ya serikali??? check again, serikali anafanya biasara na benki mingi sikuhizi The idea here direct from the new CEO is to make NBK one of the top 5 banks and then access gava funds leveraging off the shareholding... Pls give link to that ceo talk. & better, share the strategy of how they will oust the top 5 banks who are currently doing well and with very good prospects for both private and government business @Mwekez@ji here is your link... www.businessdailyafrica....6/-/tjte84z/-/index.html "We need more capital that will take us to top tier by 2017 and make us one of the top 5 banks" - Munir Mohammed Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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guru267 wrote:mwekez@ji wrote:guru267 wrote:mwekez@ji wrote:murchr wrote:mwekez@ji wrote:@murchr @guru, save for the benefits of KE-Oil that will accrue to the whole of the banking industry, which specific benefits will accrue to NBK¿ I ask coz i dont see how NBK is specifically the banking sector KE-Oil play Hii ndio banki ya serikali, who banks at NBK seriously apart from the GOK? Banki ya serikali??? check again, serikali anafanya biasara na benki mingi sikuhizi The idea here direct from the new CEO is to make NBK one of the top 5 banks and then access gava funds leveraging off the shareholding... Pls give link to that ceo talk. & better, share the strategy of how they will oust the top 5 banks who are currently doing well and with very good prospects for both private and government business @Mwekez@ji here is your link... http://www.businessdailyafrica....6/-/tjte84z/-/index.html"We need more capital that will take us to top tier by 2017 and make us one of the top 5 banks" - Munir Mohammed muchas gracias. ... now, whats the strategy of getting there coz this rights issue wont do it. ama the chap is just dreaming and he has no strategy. i remember that he was recently noted in sbg securities report to be lacking strategy for achieving his dreams. has he woken up and formulated this tough strategy
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Cde Monomotapa wrote:murchr wrote:mwekez@ji wrote:murchr wrote:mwekez@ji wrote:murchr wrote:mwekez@ji wrote:murchr wrote:mwekez@ji wrote:@murchr @guru, save for the benefits of KE-Oil that will accrue to the whole of the banking industry, which specific benefits will accrue to NBK¿ I ask coz i dont see how NBK is specifically the banking sector KE-Oil play Hii ndio banki ya serikali, who banks at NBK seriously apart from the GOK? Banki ya serikali??? check again, serikali anafanya biasara na benki mingi sikuhizi This one bags the cake... What percentage of the cake .... i have seen big deals going through kcb and equity I may not have a % but I know KRA banks with NBK and the Central Bank. Picture this, as at Dec 2012, government deposits in the following banks were as follows; > KCB - KES. 66,669,283,000 > NBK - KES. 29,467,978,000 Above figure are extracted from the respective banks annual reports. Clearly, who is bagging the bigger cake? Mmhh good to know, but who is more likely to find favor between these 2? Looking at ownership structure NBK ofcourse. NSSF 'maWorkers!!' must bank there too. YesS!! Mates, get your facts right!! FACTS:1. GOK and its bodies (including kra & nssf) are multibanked. 2. NBK is currently receiving no favors by virtue of gok shareholding as pointed above and this is not expected to change with KE-oil deals 3. GOK will shed its shareholding in NBK soon which will be a nail on the coffin of your school of thought
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