Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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muganda wrote:So the controversy brewing online, KCB chose to frown on CBK's demanding NPL provisions as they were more stringent than IFRS and may have resulted in a 4.3bn charge to Profit & Loss, making a tidy picture less rosy. So on this slide in the presentation, they went to great lengths to explain how they are moving the provision to the balance sheet Statuory Loan Reserve, instead of the profit-loss statement. Comment by former CEO of SBG Securities When times are tough..employ some accounting wizardry to beat your opponent
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