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Chase Bank loss...another case of cooking the books?
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KulaRaha
#1 Posted : Thursday, March 31, 2016 9:21:06 AM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
What were Q3 results?

Where did they get caught by the auditors?
Business opportunities are like buses,there's always another one coming
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watesh
#2 Posted : Thursday, March 31, 2016 11:36:01 AM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
Ksh849 million in losses woi...massive rise in non performing loans...
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Ethiteri
#3 Posted : Thursday, March 31, 2016 12:07:59 PM
Rank: Member

Joined: 2/4/2016
Posts: 175
Location: Global
watesh wrote:
Ksh849 million in losses woi...massive rise in non performing loans...



Most banks have had good chefs to do the books but this Opus Dei fellow has not allowed any cooking this time round.

He is sweeping clean this banking sector.Expect more turbulence in the coming days.

Meanwhile.....Chase bond holders wataumia.
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guru267
#4 Posted : Thursday, March 31, 2016 12:33:12 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Something is also cooking at HFC. They have never been the last to announce! Pray
Mark 12:29
Deuteronomy 4:16
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Impunity
#5 Posted : Thursday, March 31, 2016 12:34:07 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
This is after pocketing the 781M Y-iguru loot...the loss could have been 1.6B and over.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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watesh
#6 Posted : Thursday, March 31, 2016 1:18:57 PM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
Impunity wrote:
This is after pocketing the 781M Y-iguru loot...the loss could have been 1.6B and over.

Laughing out loudly Laughing out loudly Laughing out loudly and 200M Youth Fund loot and many other not busted
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jerry
#7 Posted : Thursday, March 31, 2016 1:24:08 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
guru267 wrote:
Something is also cooking at HFC. They have never been the last to announce! Pray

Are they supposed to report by end of today or they have their own rules?
The opposite of courage is not cowardice, it's conformity.
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rutechura
#8 Posted : Thursday, March 31, 2016 1:42:57 PM
Rank: Hello

Joined: 1/7/2016
Posts: 8
jerry wrote:
guru267 wrote:
Something is also cooking at HFC. They have never been the last to announce! Pray

Are they supposed to report by end of today or they have their own rules?



Actually, Housing Finance have already announced there results. there profit rose from 975 million to 1.2 billion.. which is not bad
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mlennyma
#9 Posted : Thursday, March 31, 2016 1:45:37 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
rutechura wrote:
jerry wrote:
guru267 wrote:
Something is also cooking at HFC. They have never been the last to announce! Pray

Are they supposed to report by end of today or they have their own rules?



Actually, Housing Finance have already announced there results. there profit rose from 975 million to 1.2 billion.. which is not bad

you mean Q1 2016?
"Don't let the fear of losing be greater than the excitement of winning."
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Ethiteri
#10 Posted : Thursday, March 31, 2016 2:06:56 PM
Rank: Member

Joined: 2/4/2016
Posts: 175
Location: Global
mlennyma wrote:
rutechura wrote:
jerry wrote:
guru267 wrote:
Something is also cooking at HFC. They have never been the last to announce! Pray

Are they supposed to report by end of today or they have their own rules?



Actually, Housing Finance have already announced there results. there profit rose from 975 million to 1.2 billion.. which is not bad

you mean Q1 2016?




Eish!

Results being published now are for year ended 2015 and today is the deadline for reporting.

Q1 results will start to trickle in next month.
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