COOP's operating income was flat Vs 2022, they only booked an increase in net profit after reducing provisions, this while gross NPLs increased.
NCBA might soon solidly beat them to number 3 bank in Kenya, NCBA already has bigger balance sheet, only remaining metric is profit and gap is closing.
The wisdom of their decision not to invest outside KE, save for S. Sudan is debatable.
Do they need a new MD with new ideas?
The jamii bora takeover went well though after buying it for 1B, it now has PBT of 1B.
All in all a good dividend play(because where else are they going to take the profits?), great value at current price.

[quote=Ericsson][quote=DtheK]COOP's operating income was flat Vs 2022, they only booked an increase in net profit after reducing provisions, this while gross NPLs increased.
NCBA might soon solidly beat them to number 3 bank in Kenya, NCBA already has bigger balance sheet, only remaining metric is profit and gap is closing.
The wisdom of their decision not to invest outside KE, save for S. Sudan is debatable.
Do they need a new MD with new ideas?
The jamii bora takeover went well though after buying it for 1B, it now has PBT of 1B.
All in all a good dividend play(because where else are they going to take the profits?), great value at current price.
[/quote]

Co-op bank is very cautious in expansion out of Kenya.
They were waiting to partner with the Sacco movement in Uganda and Rwanda to open a sacco bank but this is yet to materialise.
The gap between them and NCBA in PBT terms is still wide,the main worry for NCBA is ABSA Kenya who are hot on their heels for the 4th position in Kenya.For the second year in a row Absa have managed to keep the gap with NCBA close.[/quote]
COOP on Q1 2024 will be the number 2 PBT. I speak in code

[quote=obiero][quote=Ericsson][quote=DtheK]COOP's operating income was flat Vs 2022, they only booked an increase in net profit after reducing provisions, this while gross NPLs increased.
NCBA might soon solidly beat them to number 3 bank in Kenya, NCBA already has bigger balance sheet, only remaining metric is profit and gap is closing.
The wisdom of their decision not to invest outside KE, save for S. Sudan is debatable.
Do they need a new MD with new ideas?
The jamii bora takeover went well though after buying it for 1B, it now has PBT of 1B.
All in all a good dividend play(because where else are they going to take the profits?), great value at current price.
[/quote]

Co-op bank is very cautious in expansion out of Kenya.
They were waiting to partner with the Sacco movement in Uganda and Rwanda to open a sacco bank but this is yet to materialise.
The gap between them and NCBA in PBT terms is still wide,the main worry for NCBA is ABSA Kenya who are hot on their heels for the 4th position in Kenya.For the second year in a row Absa have managed to keep the gap with NCBA close.[/quote]
COOP on Q1 2024 will be the number 2 PBT. I speak in code[/quote]


Absa is closing the gap with them and may soon overtake them in PBT

[quote=Realtreaty]Co-op Bank serves majority low end investors similar to Equity
Where has Co-op been left by Equity
Was aiming for Kes 2 upwards for Co-op.
Or will they consider a script dividend?[/quote]

Equity went regional,coop remained domestic

[quote=obiero][quote=Ericsson][quote=Realtreaty]Co-op Bank serves majority low end investors similar to Equity
Where has Co-op been left by Equity
Was aiming for Kes 2 upwards for Co-op.
Or will they consider a script dividend?[/quote]

Equity went regional,coop remained domestic [/quote]
Coop entered South Sudan in 2013. Correct me if I am wrong [/quote]
Yes but in a much smaller way vs Equity