COOP, KCB have the same features.. PROFITABLE AND PAY DIVIDENDS

YES! They do. Isn't it wonderful to own shares in such firms? Growth in dividends. Growth in profits. Growth in value.
Other firms that do so include KenyaRe, Unga and Centum among non-banks. They make not make money in a linear fashion but are creating long-term value. Enjoy the ride. Buy more when prices are low.

For a Co. to qualify for long term investment, the profit line needs to be linear to a very great extent. Most importantly for me, would be transparency in the management of the business of the day. Which rules out centum as a long term option

Anyway, back to I&M. You have been "speaking in code" for years about I&M. In the meantime, the PAT (like other good banks) is on the up and up. A few down Qs are expected. Some loans will go bad. It's part of the business. It's a marathon and not a sprint.


http://wazua.co.ke/forum...amp;m=879452#post879452 #2017

Tanzania fines five banks for lax anti-money laundering controls

Tanzania’s central bank said on Monday it had fined five commercial banks over $800,000 (Sh83 million) for breaching anti-money laundering rules, the latest in a series of moves aimed at tightening regulation in the financial services sector.

The Bank of Tanzania (BoT) said in a statement the fines were imposed “for failure to conduct proper customer due diligence and file suspicious transaction reports to the (state-run) Financial Intelligence Unit (FIU).”

I&M Bank was slapped with the biggest fine at TSh655 million (Ksh29.62 million),followed by Equity Bank (TSh580 million),UBL Bank (Tsh325 million), Habib African Bank (Tsh175 million) and African Banking Corporation (Tsh145 million).

https://www.businessdail...84128-29oynm/index.html

@vvs what is?