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Barclays - 2018 and beyond
Gathige
#61 Posted : Friday, July 05, 2019 12:14:54 PM
Rank: Elder

Joined: 3/29/2011
Posts: 2,242
VituVingiSana wrote:
Barclays seeks to sell three closed branches at Sh65m
https://www.businessdail...83632-md3wvz/index.html

In 2017, the bank had closed Moi Avenue, Haile Selassie, Waiyaki Way, Kawangware, Rahimtulla, Nakummatt Meru and Wundanyi branches. This cut branch network from 96 to 89.

Bamburi, Maragua and Supplies branches are now up for sale.



Very sad. I remember this branch in the early 80s. My mom would travel 50kms on a very bad road to transact once a quarter. She remained very loyal and sad to see its now closed
"Things that matter most must never be at the mercy of things that matter least." Goethe
sparkly
#62 Posted : Friday, July 05, 2019 4:47:25 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Gathige wrote:
VituVingiSana wrote:
Barclays seeks to sell three closed branches at Sh65m
https://www.businessdail...83632-md3wvz/index.html

In 2017, the bank had closed Moi Avenue, Haile Selassie, Waiyaki Way, Kawangware, Rahimtulla, Nakummatt Meru and Wundanyi branches. This cut branch network from 96 to 89.

Bamburi, Maragua and Supplies branches are now up for sale.



Very sad. I remember this branch in the early 80s. My mom would travel 50kms on a very bad road to transact once a quarter. She remained very loyal and sad to see its now closed


They used to close their branches out of spite. Now they close branches because there is no business for them.
Life is short. Live passionately.
shocks
#63 Posted : Saturday, July 06, 2019 10:48:27 PM
Rank: Member

Joined: 3/15/2009
Posts: 362
Blunders made by this Board over the last 2 decades should form a case study on how not to run a business
obiero
#64 Posted : Saturday, July 06, 2019 11:20:41 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
shocks wrote:
Blunders made by this Board over the last 2 decades should form a case study on how not to run a business

A sad case

KQ ABP 4.26
Ericsson
#65 Posted : Sunday, July 07, 2019 1:08:27 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
obiero wrote:
shocks wrote:
Blunders made by this Board over the last 2 decades should form a case study on how not to run a business

A sad case


And there are people chearing the board of having done a good job.
Profits have failed to grow for 7 consecutive years.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ebenyo
#66 Posted : Monday, July 08, 2019 10:21:53 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
I did my own analysis of banks and realised Barclays is doing better than most of of the listed lenders;
NON PERFORMING LOANS
Barclays-8%
Kcb-7%
Equity-8%
Co-op-12%
I&M-14%

LOAN LOSS PROVISION
Barclays- 4%
Kcb-3%
Equity-3%
Co-op-4%
I&M-5%

INTEREST EXPENSE
Barclays-24%
Kcb-26%
Equity-22%
Co-op-28%
I&M-40%
Towards the goal of financial freedom
obiero
#67 Posted : Monday, July 08, 2019 10:43:24 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
Ebenyo wrote:
I did my own analysis of banks and realised Barclays is doing better than most of of the listed lenders;
NON PERFORMING LOANS
Barclays-8%
Kcb-7%
Equity-8%
Co-op-12%
I&M-14%

LOAN LOSS PROVISION
Barclays- 4%
Kcb-3%
Equity-3%
Co-op-4%
I&M-5%

INTEREST EXPENSE
Barclays-24%
Kcb-26%
Equity-22%
Co-op-28%
I&M-40%

How would interest expense be a percentage

KQ ABP 4.26
babashuge
#68 Posted : Tuesday, July 09, 2019 6:25:19 AM
Rank: New-farer

Joined: 1/4/2019
Posts: 69
Location: Nairobi
obiero wrote:
Ebenyo wrote:
I did my own analysis of banks and realised Barclays is doing better than most of of the listed lenders;
NON PERFORMING LOANS
Barclays-8%
Kcb-7%
Equity-8%
Co-op-12%
I&M-14%

LOAN LOSS PROVISION
Barclays- 4%
Kcb-3%
Equity-3%
Co-op-4%
I&M-5%

INTEREST EXPENSE
Barclays-24%
Kcb-26%
Equity-22%
Co-op-28%
I&M-40%

How would interest expense be a percentage



Their papers and wallet have been ok for the last few years but what i wonder is whats the deal with all this closing of branches, is it a sign of inability to get new customers, cost cutting to keep the balance sheets pretty, or some part of some moving to digital strategy...

Is it a good thing?
Ebenyo
#69 Posted : Tuesday, July 09, 2019 8:55:34 AM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
obiero wrote:
Ebenyo wrote:
I did my own analysis of banks and realised Barclays is doing better than most of of the listed lenders;
NON PERFORMING LOANS
Barclays-8%
Kcb-7%
Equity-8%
Co-op-12%
I&M-14%

LOAN LOSS PROVISION
Barclays- 4%
Kcb-3%
Equity-3%
Co-op-4%
I&M-5%

INTEREST EXPENSE
Barclays-24%
Kcb-26%
Equity-22%
Co-op-28%
I&M-40%

How would interest expense be a percentage




The idea is to see whether a bank is getting more in interest income or it's giving more in interest expense.
Divide what they paid in interest expense over interest income.
Towards the goal of financial freedom
sparkly
#70 Posted : Tuesday, July 09, 2019 9:35:04 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Ebenyo wrote:
I did my own analysis of banks and realised Barclays is doing better than most of of the listed lenders;
NON PERFORMING LOANS
Barclays-8%
Kcb-7%
Equity-8%
Co-op-12%
I&M-14%

LOAN LOSS PROVISION
Barclays- 4%
Kcb-3%
Equity-3%
Co-op-4%
I&M-5%

INTEREST EXPENSE
Barclays-24%
Kcb-26%
Equity-22%
Co-op-28%
I&M-40%


Your research isn't conclusive:

1. BBK doesn't show a consistent superiority in the above indicators;
2. The indicators themselves don't give a reliable conclusion on any one issue e.g. profitability, quality of loan book or efficiency in use of equity/ assets;
3. Left out other lenders useful for comparison eg DTB; NIC; Stanbic; SCB;NBK
Life is short. Live passionately.
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