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DTB FY16
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alotoftalk
#61 Posted : Tuesday, July 18, 2017 12:32:24 AM
Rank: Member

Joined: 8/27/2015
Posts: 138
Location: Harare
MadDoc wrote:
KulaRaha wrote:
MadDoc wrote:
KulaRaha wrote:
MadDoc wrote:
KulaRaha wrote:
VituVingiSana wrote:
KulaRaha wrote:
You might want to wait and see how big a hit they take on Nakumatt...they were the largest lender.

Someone mentioned that earlier. Where is that info from? I am surprised that DTB hasn't taken that exposure as a NPL. Or do they recover the money/loan from money uploaded by customers onto the Nakumatt card?

DTB lends Nakumatt "working capital" or pays suppliers.
Customer loads money onto the Nakumatt card.
Customer uses the card to pay for purchases.
DTB recovers the "loan" from what Nakumatt receives as payment.

If the above is true then the risk is low UNLESS the sales/purchases using the Nakumatt card are lower than the working capital loan.


Sounds like creative accounting...I didnt see them take Nakumatt on NPL in 2016 numbers...lets see how they cook this one. With PKF as auditors, they may hide it again.


How would you know If they factored in Nakumatt unless they decided to explicitly say so?


You don't have to be a genius to see a 5B+ bad debt....

Cmon. How would you know when it's lumped up with other bad loans?
N you haven't provided the link to the article?


Because Nakumatt went bad in 2016...it wasnt there in 2015. Anyways, lets wait and see how they hide that one...smile


I'd actually be more worried about other banks that lent Nakumatt money. N Nakumatt was already 90 days into arrears by 2016, presumably.
Regardless, your statements might be a wee factual. With the multiple banks that lent Nakumatt money, I'd bet on DTB to fare better than the rest.


Technically NPLs as early as 31/12/16 should have reflected this. Unless of course the banks were also counting on this investor coming all the way from Valhalla.
Investment philosophy development in progress...
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KulaRaha
#62 Posted : Tuesday, July 18, 2017 7:08:47 AM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
Should be interesting to see who fares better...

There are banks who lent based on assets such as generators, shelves etc

And there are banks who lent clean...based on cashflows.

Business opportunities are like buses,there's always another one coming
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obiero
#63 Posted : Tuesday, July 18, 2017 7:13:11 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,476
Location: nairobi
KulaRaha wrote:
Should be interesting to see who fares better...

There are banks who lent based on assets such as generators, shelves etc

And there are banks who lent clean...based on cashflows.


Clean/unsecured lending based on cash flow, even for heavyweight BAT, EABL cannot exceed KES50m
COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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Ericsson
#64 Posted : Tuesday, July 18, 2017 8:47:46 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,836
Location: NAIROBI
obiero wrote:
KulaRaha wrote:
Should be interesting to see who fares better...

There are banks who lent based on assets such as generators, shelves etc

And there are banks who lent clean...based on cashflows.


Clean/unsecured lending based on cash flow, even for heavyweight BAT, EABL cannot exceed KES50m


Safaricom is exception to this
Wealth is built through a relatively simple equation
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KulaRaha
#65 Posted : Tuesday, July 18, 2017 8:54:21 AM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
obiero wrote:
KulaRaha wrote:
Should be interesting to see who fares better...

There are banks who lent based on assets such as generators, shelves etc

And there are banks who lent clean...based on cashflows.


Clean/unsecured lending based on cash flow, even for heavyweight BAT, EABL cannot exceed KES50m


Who told you this? LOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOL you seem to know nothing about banking.....
Business opportunities are like buses,there's always another one coming
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Pesa Nane
#66 Posted : Sunday, July 30, 2017 10:09:44 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
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Pesa Nane
#67 Posted : Thursday, August 03, 2017 9:56:15 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
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