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NBK quarter one 2013 profit before tax up slim 3pc

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hisah		#1 Posted : Monday, May 20, 2013 10:43:37 AM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		NBK Q1 2013 results are out. Nothing amazing to write about. Same NPL spike noticed. QoQ NPL spike is an eye popping triple percentage. At this rate I wonder how banks are going to dig out of this NPL slippery road. If the trend keeps up in H1 results, iko shida... https://www.nse.co.ke/li...d&utm_medium=twitter $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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guru267		#2 Posted : Monday, May 20, 2013 11:19:13 AM
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi		hisah wrote: NBK Q1 2013 results are out. Nothing amazing to write about. Same NPL spike noticed. QoQ NPL spike is an eye popping triple percentage. At this rate I wonder how banks are going to dig out of this NPL slippery road. If the trend keeps up in H1 results, iko shida... https://www.nse.co.ke/li...&utm_medium=twitter Rising profitability amidst rising NPLs is great.. Imagine the kind of profits banks will announce when these come down with interest rates! Mark 12:29 Deuteronomy 4:16
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hisah		#3 Posted : Monday, May 20, 2013 11:31:20 AM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		guru267 wrote: hisah wrote: NBK Q1 2013 results are out. Nothing amazing to write about. Same NPL spike noticed. QoQ NPL spike is an eye popping triple percentage. At this rate I wonder how banks are going to dig out of this NPL slippery road. If the trend keeps up in H1 results, iko shida... https://www.nse.co.ke/li...&utm_medium=twitter Rising profitability amidst rising NPLs is great.. Imagine the kind of profits banks will announce when these come down with interest rates! As long as profits clock in, all will be well. Losses and it's a whole different ball game... Btw profits up with NPL up is also spotted in chingland - http://www.ibtimes.com/c...fitability-2012-1157293 $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mwekez@ji		#4 Posted : Monday, May 20, 2013 12:40:07 PM
Rank: Chief Joined: 5/31/2011 Posts: 5,121		Deleted ... Wazua admin has put it suitably
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wazua		#5 Posted : Monday, May 20, 2013 12:43:52 PM
Rank: Administration Joined: 11/19/2009 Posts: 679		Dear @mwekez@ji Our apologies. We created the thread from the first post; in so doing we were forced to insert a title and we did it badly. The Wazua spirit
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mwekez@ji		#6 Posted : Monday, May 20, 2013 12:48:43 PM
Rank: Chief Joined: 5/31/2011 Posts: 5,121		wazua wrote: Dear @mwekez@ji Our apologies. We created the thread from the first post; in so doing we were forced to insert a title. The Wazua spirit Thank you @wazua moderator
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mwekez@ji		#7 Posted : Monday, May 20, 2013 12:59:47 PM
Rank: Chief Joined: 5/31/2011 Posts: 5,121		NBK Q1 2013 performance is a poor show 1. While other banks have recorded double digit growth in Net Interest Income, NBK has recorded a decline (-4.12% y/y) 2. While other banks have recorded double digit growth in Profit Before Tax, NBK has recorded a marginal increase (+3.26% y/y) 3. We have severally pointed that the Government Securities Held To Maturity (HTM) are too high and loans are too low and NBK has just made the situation worse by increase the HTM and reducing loans. 4. The gross NPL spike of triple digit (+168.37%) is worrisome and the double digit gross NPL/Loans ratio (12%) is even more worrisome. Note other bank have single digit gross NPL/Loans ratio. 5. The core capital/total deposit ratio is really constrained and there is need to boost the core capital for this bank to accommodate increase in deposits. … They are calling a rights issue for this, and then invest in HTM, what kind of strategy is this!!! ... Or its the result of being strategyless¿!¿
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Cde Monomotapa		#8 Posted : Monday, May 20, 2013 1:04:15 PM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		Something interesting on the cashflow statement.
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mwekez@ji		#9 Posted : Monday, May 20, 2013 1:07:46 PM
Rank: Chief Joined: 5/31/2011 Posts: 5,121		... that cost to income ratio is not interesting
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mwekez@ji		#10 Posted : Monday, May 20, 2013 1:15:09 PM
Rank: Chief Joined: 5/31/2011 Posts: 5,121		Cde Monomotapa wrote: Something interesting on the cashflow statement. That a result of the increase in deposits. Too bad this management does not know how to utilize them
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