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Barclays Q1 2013 net profit drops 15.6pc
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obiero
#11 Posted : Friday, May 31, 2013 8:24:26 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,251
Location: nairobi
mkeiyd wrote:
accelriskconsult wrote:
With NBK, BBK and Stanchart reporting profit declines, and having palyed mind games with release of results (to see who would come out on top), I am becoming very skeptical about financial reporting by banks.

I think that the EY report on malfeasance and the Citigroup report on playing with bond pricing should be taken very seriously.

The EY survey had anonymous admissions by CFOs about cooking of results due to pressure to deliver.


BBK and Stanchart have been chasing away thei customers with their unreasonable charges/fees. On the other hand,Coop and Cfc have been gaining ground.

There might have been some cooking,but BBK and Stanchart have other woes.

this cooking may cause a collapse of our financial systems in similar fashion to what happened in Nigeria. the green regional bank in particular raises eyebrows. it could not have possibly increased its profit in Q1 as reported
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obiero
#12 Posted : Friday, May 31, 2013 8:40:22 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,251
Location: nairobi
poor BBK now behind Equity, KCB and COOP in profitability. In next three years KCB will be out muscled by COOP for the number two slot..
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xxxxx
#13 Posted : Monday, June 03, 2013 12:00:15 PM
Rank: Member

Joined: 3/20/2008
Posts: 503
obiero wrote:
poor BBK now behind Equity, KCB and COOP in profitability. In next three years KCB will be out muscled by COOP for the number two slot..


How can the NSE fail to Publish Barclays Kenya’s 1st Quarter 2013 results????????

did any one see the detailed results????????
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dunkang
#14 Posted : Monday, June 03, 2013 12:26:06 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
xxxxx wrote:
obiero wrote:
poor BBK now behind Equity, KCB and COOP in profitability. In next three years KCB will be out muscled by COOP for the number two slot..


How can the NSE fail to Publish Barclays Kenya’s 1st Quarter 2013 results????????

did any one see the detailed results????????

Daily Nation of Friday, 31st May 2013 page 27.
Receive with simplicity everything that happens to you.” ― Rashi

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Ericsson
#15 Posted : Tuesday, June 04, 2013 1:46:49 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,810
Location: NAIROBI
The bank is dead in Kenya;it has run out of ideas and is only growing profits via cost cutting.
Management has no tangible ideas on what plans they have to grow the bank.
I won't be shocked when CFC Stanbic overtakes them in terms of profitability.This year Co-op will pip them from number 3 position and Co-op being a bank that never looks back it will be like what Equity did to them;overtook them and Barclays has never recovered
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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the deal
#16 Posted : Tuesday, June 04, 2013 9:16:32 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Just having some teething problems following the Absa merger & appointment of new MD...they have mandates to the KenGen geothermal capital quest...do u knw how big is that? Coop Bank is overrated...no capacity to play in the big league.
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