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National Bank Of Kenya Posts FY Pre-Tax Profit Of 785 M
Ericsson
#1 Posted : Wednesday, March 28, 2018 10:04:49 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,699
Location: NAIROBI
--FY NET INTEREST INCOME FOR THE PERIOD WAS 6.7 BILLION SHILLINGS, DOWN 14% ‍​

* FY LOAN PROVISIONS DECLINED FROM 2.4 BILLION SHILLINGS TO 0.76 BILLION SHILLINGS‍​

--NSSF AND TREASURY TO INJECT 4.2 BILLION SHILLINGS AS TIER TWO CAPITAL THROUGH A SUBORDINATED LOAN ‍​
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
obiero
#2 Posted : Wednesday, March 28, 2018 10:22:46 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,520
Location: nairobi
Ericsson wrote:
--FY NET INTEREST INCOME FOR THE PERIOD WAS 6.7 BILLION SHILLINGS, DOWN 14% ‍​

* FY LOAN PROVISIONS DECLINED FROM 2.4 BILLION SHILLINGS TO 0.76 BILLION SHILLINGS‍​

--NSSF AND TREASURY TO INJECT 4.2 BILLION SHILLINGS AS TIER TWO CAPITAL THROUGH A SUBORDINATED LOAN ‍​

No comment on the provisions

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
VituVingiSana
#3 Posted : Thursday, March 29, 2018 7:02:47 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,107
Location: Nairobi
Ericsson wrote:
--FY NET INTEREST INCOME FOR THE PERIOD WAS 6.7 BILLION SHILLINGS, DOWN 14% ‍​

* FY LOAN PROVISIONS DECLINED FROM 2.4 BILLION SHILLINGS TO 0.76 BILLION SHILLINGS‍​

--NSSF AND TREASURY TO INJECT 4.2 BILLION SHILLINGS AS TIER TWO CAPITAL THROUGH A SUBORDINATED LOAN ‍​

Another fine GoK controlled institution...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#4 Posted : Thursday, March 29, 2018 2:10:13 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,699
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
--FY NET INTEREST INCOME FOR THE PERIOD WAS 6.7 BILLION SHILLINGS, DOWN 14% ‍​

* FY LOAN PROVISIONS DECLINED FROM 2.4 BILLION SHILLINGS TO 0.76 BILLION SHILLINGS‍​

--NSSF AND TREASURY TO INJECT 4.2 BILLION SHILLINGS AS TIER TWO CAPITAL THROUGH A SUBORDINATED LOAN ‍​

Another fine GoK controlled institution...



Last year they were given a loan of sh.3bn by NSSF ama hiyo pesa haikufika.
It's not being reflected in the balance sheet.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#5 Posted : Thursday, March 29, 2018 4:14:45 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,699
Location: NAIROBI
Lower provisions helped NBK boost its after-tax profit by nearly six-fold in the year ended December 31, 2017.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ziller
#6 Posted : Thursday, March 29, 2018 4:25:04 PM
Rank: Hello


Joined: 1/16/2017
Posts: 3
Dividend?
BRIT 211,150 CIC 18,040
Ericsson
#7 Posted : Thursday, March 29, 2018 4:43:42 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,699
Location: NAIROBI
Ziller wrote:
Dividend?

No dividend
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Angelica _ann
#8 Posted : Thursday, March 29, 2018 4:47:51 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
Ericsson wrote:
Ziller wrote:
Dividend?

No dividend


How do they pay divided on creative profits?
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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