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StanChart 1H13 EPS down 4.4% ... NPL doubles again!!!
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Ericsson
#1 Posted : Thursday, August 22, 2013 4:15:08 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,810
Location: NAIROBI
http://www.businessdaily...2/-/w2324s/-/index.html

Standard Chartered Kenya posted a flat pretax profit of 6.5 billion shillings ($74.24 million) in the first half from the same period last year, it said on Thursday.
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mwekez@ji
#2 Posted : Thursday, August 22, 2013 4:30:51 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
.... the bank, which is a unit of Standard Chartered Plc , said non performing loans grew to 3.8 billion shillings during the period from 2 billion shillings.

http://www.reuters.com/article/...rt-idUSL6N0GN2F520130822
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  | | Edit by user: Thursday, August 22, 2013 6:14 PM | Reason: Not specified
mwekez@ji
#3 Posted : Thursday, August 22, 2013 4:34:09 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
That NPL spike is terrible for the conservative lender StanChart!!!
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  | | Edit by user: Thursday, August 22, 2013 4:35 PM | Reason: !!!
mwekez@ji
#4 Posted : Thursday, August 22, 2013 4:42:07 PM
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Joined: 5/31/2011
Posts: 5,121
NPL also doubled in 1H12!!! #Very bad trend this
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  | | Edit by user: Thursday, August 22, 2013 5:44 PM | Reason: Not specified
young
#5 Posted : Thursday, August 22, 2013 4:50:31 PM
Rank: Elder

Joined: 6/20/2007
Posts: 2,075
Location: Lagos, Nigeria

Any interim dividend ?
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mwekez@ji
#6 Posted : Thursday, August 22, 2013 5:43:39 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
young wrote:

Any interim dividend ?


None. Last year they also dint pay interim div. #New normal
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muganda
#7 Posted : Thursday, August 22, 2013 5:52:33 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
Right, so what was the benefit of Grand Sale? http://www.standardchartered.co...rand%20Sale%20launch.pdf

Oh! Did it just start on 24-Jun?
Perhaps a response to poor H1 results. May reflect in second half, hopefully not ballooning non-performing loans much more.

Also, I expected their target segment are more robust loan performers?
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Jamani
#8 Posted : Thursday, August 22, 2013 5:53:19 PM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
@mwekez@ji, this is despite the promise of the board through one Richard Etemisi in the last AGM meeting that stanchart will revert to the interim dividend payments.
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