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Housing Finance Q1 2014 Profit up 13%
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mwekez@ji
#1 Posted : Tuesday, April 22, 2014 4:44:04 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
... just like Equity Bank, Non Interest Incomes carry the day
https://www.nse.co.ke/listed-com...ults-as-at-31-march-2014
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  | | Edit by moderator: Tuesday, April 22, 2014 5:07 PM | Reason: url included for user
Angelica _ann
#2 Posted : Tuesday, April 22, 2014 4:48:07 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
@Mweke.. i can see you are a first learner Applause Applause Applause

What are these non interest income in a mortgage company?
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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  | | Edit by user: Tuesday, April 22, 2014 4:49 PM | Reason: Not specified
ngapat
#3 Posted : Tuesday, April 22, 2014 4:51:51 PM
Rank: Veteran

Joined: 12/11/2006
Posts: 930
not very impressive
“Invest in yourself. Your career is the engine of your wealth.”
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vickii
#4 Posted : Tuesday, April 22, 2014 5:38:55 PM
Rank: New-farer

Joined: 3/13/2014
Posts: 16
ngapat wrote:
not very impressive

I bet we will now be tempted to compare them with Equity Bank after their 21% growth performance
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mwekez@ji
#5 Posted : Tuesday, April 22, 2014 5:39:35 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Angelica _ann wrote:
@Mweke.. i can see you are a first learner Applause Applause Applause


smile smile smile

Angelica _ann wrote:

What are these non interest income in a mortgage company?


The non interest income in case of Housing Finance is from subsidiary, Kenya Building Society Limited (KBS) ... Incase of Equity Bank, it was from fees and commissions /// Another bank needs to release its results we confirm the hypothesis that non interest incomes will carry the day for banks this year
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cnn
#6 Posted : Tuesday, April 22, 2014 7:31:23 PM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
mwekez@ji wrote:
Angelica _ann wrote:
@Mweke.. i can see you are a first learner Applause Applause Applause


smile smile smile

Angelica _ann wrote:

What are these non interest income in a mortgage company?


The non interest income in case of Housing Finance is from subsidiary, Kenya Building Society Limited (KBS) ... Incase of Equity Bank, it was from fees and commissions /// Another bank needs to release its results we confirm the hypothesis that non interest incomes will carry the day for banks this year

KCB on 30th April....Aly Khan.
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muganda
#7 Posted : Tuesday, April 22, 2014 7:52:55 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
Heh! What is this claim I see, a mirage of a profit.

Only possible because of more favorable IFRS provision amounts. If they had adhered to CBK's required provisions, no profit would have been left for shareholders this quarter.
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mlennyma
#8 Posted : Tuesday, April 22, 2014 9:16:52 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Equity is king
"Don't let the fear of losing be greater than the excitement of winning."
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hisah
#9 Posted : Tuesday, April 22, 2014 10:09:40 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
NII story continues. The bank that will trip on their NIIs will report a loss.

I'm still not bullish on the banks.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Mukiri
#10 Posted : Tuesday, April 22, 2014 10:16:38 PM
Rank: Elder

Joined: 7/11/2012
Posts: 5,222
hisah wrote:
NII story continues. The bank that will trip on their NIIs will report a loss.

I'm still not bullish on the banks.

Not even CFC?

Proverbs 19:21
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