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Coop Bank Q3 2015 net profit up 33%
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muganda
#1 Posted : Thursday, November 05, 2015 11:18:21 AM
Rank: Elder


Joined: 9/15/2006
Posts: 3,905
Commendable effort by the Cooperative Bank.
-Profit before tax at 12.16bn a 33% increase
-Balance sheet growth to 330bn a 23% growth
- Customers now at 5.7mn

In full http://ge.tt/5MVx4GR2/v/0
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streetwise
#2 Posted : Thursday, November 05, 2015 11:26:45 AM
Rank: Veteran


Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Wow wow . The nse bear cant resist such good news this is the next one at 25.00
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Ericsson
#3 Posted : Thursday, November 05, 2015 11:29:24 AM
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Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
@streetwise
Kenya Re itafika mbele ya co-op at ksh.25
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#4 Posted : Thursday, November 05, 2015 4:14:47 PM
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Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
Gideon Muriuki time in Co-op is up;how do you grow profits through cost-cutting.
The balance sheet growth between June and September compared to equity and KCB is way below par
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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murchr
#5 Posted : Thursday, November 05, 2015 9:35:22 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
4 posts really.....
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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whiteowl
#6 Posted : Thursday, November 05, 2015 9:50:29 PM
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Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
murchr wrote:
4 posts really.....


something made Wazuans run from banks
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watesh
#7 Posted : Thursday, November 05, 2015 9:50:48 PM
Rank: Veteran


Joined: 8/10/2014
Posts: 977
Location: Kenya
Ericsson wrote:
Gideon Muriuki time in Co-op is up;how do you grow profits through cost-cutting.
The balance sheet growth between June and September compared to equity and KCB is way below par

I also hate the strategy of giving up 49% ownership of subsidiaries in other countries. half the profits will go to NCI.
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tmakto
#8 Posted : Friday, November 06, 2015 2:55:40 PM
Rank: New-farer


Joined: 10/28/2015
Posts: 47
Perhaps aggressive innovation will save the day at coop bank looking long term, otherwise they're commanding a good customer base
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Ericsson
#9 Posted : Friday, November 06, 2015 2:57:37 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
Their loans are pricey compared to its peers yet they are competing for the same mwananchi.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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