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StanChart Kenya 16% growth in pretax
muganda
#1 Posted : Tuesday, March 25, 2014 10:02:57 AM
Rank: Elder


Joined: 9/15/2006
Posts: 3,905
Wonders never cease. How does this bank which has lagged the whole year and was only up 6.6% pretax cumulative Q3 2013 create money in only 3m months with a new CEO Think

http://in.reuters.com/article/2...nya-idINL5N0MM0T20140325


SterlingCapitalLtd @SterlingNairobi
o Wholesale and consumer 54% and 46% contribution to income. PBT 13.4bn +16%, Total income +13% 23Bn, NII 16bn, provisions +12% 987mn

o Wholesale banking business income +14% to 12.9bn
o Consumer banking operating profit +10% to 4.5bn a record

o Operating costs 9.5bn +11%, Net Loans 129.7bn, deposits 155bn +10%
o DPS 14.5 vs 12.5 in 2012, total NPL/total loans at 3%

Gordon Gekko
#2 Posted : Tuesday, March 25, 2014 10:31:25 AM
Rank: Elder


Joined: 5/27/2008
Posts: 3,760
Fourteen and a half big ones, I can live with it.....
madebe
#3 Posted : Tuesday, March 25, 2014 11:28:44 AM
Rank: Member


Joined: 10/7/2010
Posts: 251
Location: nairobi
Please put the announcement here
muganda
#4 Posted : Tuesday, March 25, 2014 12:02:14 PM
Rank: Elder


Joined: 9/15/2006
Posts: 3,905
madebe wrote:
Please put the announcement here


Here you go http://ge.tt/4vQ1iET1/v/0

On closer scrutiny, I see it is Q4 2012 that was off the trend by 621 basis points. Otherwise, in 2013 and especially Q4 2013, the trend was apropos.
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