wazua Tue, Apr 7, 2026
Welcome Guest Search | Active Topics | Log In

77 Pages<1234>»
Chase Bank loss...another case of cooking the books?
Options
Previous Topic · Next Topic
KenyanEconomist
#11 Posted : Thursday, March 31, 2016 3:29:21 PM
Rank: New-farer

Joined: 5/7/2014
Posts: 40
KulaRaha wrote:
What were Q3 results?

Where did they get caught by the auditors?


They went from a Q3 2015 Net Profit of 2.3bn to a Full Year 2015 loss of 849m?? A +3.1bn swing! Biggest jump was Loan Loss proivisions (From 439m to 2.1bn)...
Back to top
  |
maka
#12 Posted : Thursday, March 31, 2016 3:38:27 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
KenyanEconomist wrote:
KulaRaha wrote:
What were Q3 results?

Where did they get caught by the auditors?


They went from a Q3 2015 Net Profit of 2.3bn to a Full Year 2015 loss of 849m?? A +3.1bn swing! Biggest jump was Loan Loss proivisions (From 439m to 2.1bn)...


I swear ni kubaya....
possunt quia posse videntur
Back to top
  |
muganda
#13 Posted : Thursday, March 31, 2016 4:00:17 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
Shocking...
even K-Rep reported a loss and change of name
Back to top
  |
guru267
#14 Posted : Thursday, March 31, 2016 4:13:11 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
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


My Bad! Somehow I missed them.

HFC did well... Happy to continue being a shareholder there~
Mark 12:29
Deuteronomy 4:16
Back to top
  |
mlennyma
#15 Posted : Thursday, March 31, 2016 4:19:06 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
maka wrote:
KenyanEconomist wrote:
KulaRaha wrote:
What were Q3 results?

Where did they get caught by the auditors?


They went from a Q3 2015 Net Profit of 2.3bn to a Full Year 2015 loss of 849m?? A +3.1bn swing! Biggest jump was Loan Loss proivisions (From 439m to 2.1bn)...


I swear ni kubaya....

kwani watu hawalipi loans and the way banks take small men round round only to give big fish who are a majority defaulters
"Don't let the fear of losing be greater than the excitement of winning."
Back to top
WWW
  |
faa
#16 Posted : Thursday, March 31, 2016 4:25:58 PM
Rank: Member

Joined: 5/8/2007
Posts: 709
there is no loss,

its pure cooking the books to report a loss, whereas in real sense they have made billions.

either to not pay taxes or just for some reasons.
Back to top
  |
Ericsson
#17 Posted : Thursday, March 31, 2016 4:50:42 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,815
Location: NAIROBI
Dr Opus Dei Patrick Njoroge is not joking.
Some banks will close down or be acquired by the big ones.
Oigara has been quoted as saying KCB is looking for an acquisition locally
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
  |
enyands
#18 Posted : Thursday, March 31, 2016 5:27:43 PM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
Ericsson wrote:
Dr Opus Dei Patrick Njoroge is not joking.
Some banks will close down or be acquired by the big ones.
Oigara has been quoted as saying KCB is looking for an acquisition locally



I love this guy. We need such people in this country . Problem is that and i said before , he will step on some mafias and they will fire him. That's the day I'll know for sure the country has gone to the dogs .let's have a fair play where everyone is honest and play by the same rule . I think he should also come down on this bank called CREDIT BANK before it's sold to innocent diaspora .
Back to top
  |
streetwise
#19 Posted : Thursday, March 31, 2016 5:31:32 PM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Is credit bank is still opening for business nowdays. I feel there is something cooking
Back to top
  |
Ericsson
#20 Posted : Thursday, March 31, 2016 6:01:16 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,815
Location: NAIROBI
https://www.centralbank...._Bank_March__31_2016.pdf
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
  |
77 Pages<1234>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.