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Housing Finance Q1 2014 Profit up 13%
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
Angelica _ann
#2 Posted : Tuesday, April 22, 2014 4:48:07 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
@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
ngapat
#3 Posted : Tuesday, April 22, 2014 4:51:51 PM
Rank: Member


Joined: 12/11/2006
Posts: 884
not very impressive
“Invest in yourself. Your career is the engine of your wealth.”
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
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
cnn
#6 Posted : Tuesday, April 22, 2014 7:31:23 PM
Rank: Veteran


Joined: 6/17/2009
Posts: 1,619
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.
muganda
#7 Posted : Tuesday, April 22, 2014 7:52:55 PM
Rank: Elder


Joined: 9/15/2006
Posts: 3,905
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.



mlennyma
#8 Posted : Tuesday, April 22, 2014 9:16:52 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
Equity is king
"Don't let the fear of losing be greater than the excitement of winning."
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!
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
mwekez@ji
#11 Posted : Wednesday, April 23, 2014 10:31:10 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
cnn wrote:
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.

Diarized. ... Scangroup FY13 coming up the same day. Shame on Scangroup!
mwekez@ji
#12 Posted : Wednesday, April 23, 2014 10:36:44 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
@Angelica _ann,

Housing Finance booked a gain of Sh106 million from sale of more than 100 houses in Nairobi’s Komarock Estate, growing its non-interest income twofold to Sh217.8 million.

http://www.businessdailyafrica....50/-/av9e9t/-/index.html
hisah
#13 Posted : Wednesday, April 23, 2014 11:01:34 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Mukiri wrote:
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?

CFC is a different ball game coz of the mega corporate finance game.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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