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obiero
#211 Posted : Saturday, March 01, 2014 6:51:26 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,477
Location: nairobi
@vvs the green one lends a portion of about 40% to corporate implying high npl incase of default by one client, like Triton.
COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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mwekez@ji
#212 Posted : Saturday, March 01, 2014 10:23:28 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
@VVS, KCB is doing very badly in Non Performing Loans Management. The Net NPLs exposure should be zero. Check a couple of other banks. (N.B. Net NPLs exposure = Gross NPLs - Accrued interest on the NPLs - Provision on the NPLs - Value of Security held on the NPLs)(KCB needs to up its Provisions or be obtaining adequate security on the its loan from the onset)
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VituVingiSana
#213 Posted : Sunday, March 02, 2014 8:55:02 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,439
Location: Nairobi
@Obiero @mwekezaji LMAO... It was a rhetorical question. I have been following @Sang252 on this. The Net NPL exposure should be ZERO unless a recovery has been made in the days following the reporting period e.g. A payment has been made by 30 Jan [when the audit for the year ending 31 Dec is completed] therefore there is no provision required or Net NPL exposure on 30 Jan but was there on 31 Dec.

I am sure Equity can absorb a 500mn [the Net NPL exposure] write-off without much ado. As for KCB having to write-off 4bn will hurt the EPS substantially.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mwekez@ji
#214 Posted : Monday, March 03, 2014 8:37:21 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Britam FY13 results coming up on Friday, 7th March 2014 >>> Investor Calendar >>> http://www.britam.co.ke/site/index.php/investor-relations
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mwekez@ji
#215 Posted : Wednesday, March 05, 2014 7:08:54 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
mwekez@ji wrote:
Britam FY13 results coming up on Friday, 7th March 2014 >>> Investor Calendar >>> http://www.britam.co.ke/site/index.php/investor-relations


.................. at 7.00am ..................
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mwekez@ji
#216 Posted : Thursday, March 06, 2014 5:47:35 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
NMG FY13 results coming up on Thus, 20th March 2014
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obiero
#217 Posted : Thursday, March 06, 2014 7:23:01 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,477
Location: nairobi
coop bank CEO seen burnin the midnight oil wit CFO.. books have refused to balance?!
COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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dunkang
#218 Posted : Thursday, March 06, 2014 7:33:51 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
obiero wrote:
coop bank CEO seen burnin the midnight oil wit CFO.. books have refused to balance?!

Porojo nazo! So, the books are cooked after auditing? Or is it that the auditors just rubber stamp whatever has been presented?
Receive with simplicity everything that happens to you.” ― Rashi

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obiero
#219 Posted : Thursday, March 06, 2014 8:10:23 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,477
Location: nairobi
dunkang wrote:
obiero wrote:
coop bank CEO seen burnin the midnight oil wit CFO.. books have refused to balance?!

Porojo nazo! So, the books are cooked after auditing? Or is it that the auditors just rubber stamp whatever has been presented?

apparently the auditors saw things in the books that shocked everyone.. the CEO was at CBK yesterday to clear it out. anyways, good thing is that we should now have the results
COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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poundfoolish
#220 Posted : Thursday, March 06, 2014 9:51:26 PM
Rank: Elder

Joined: 12/2/2009
Posts: 2,458
Location: Nairobi
mwekez@ji wrote:
mwekez@ji wrote:
Britam FY13 results coming up on Friday, 7th March 2014 >>> Investor Calendar >>> http://www.britam.co.ke/site/index.php/investor-relations


.................. at 7.00am ..................


Good news there from Wairegi & Co...... and Dawood
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