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Coop Bank 2019 and beyond
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Monk
#121 Posted : Friday, August 14, 2020 7:00:44 AM
Rank: Member

Joined: 7/1/2009
Posts: 274
JoeNgugi wrote:
Did they offer any dividend by the way?


Their practice is to pay a single dividend payment in a year. We got Ksh 1 in April.
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mlennyma
#122 Posted : Friday, August 14, 2020 2:06:57 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Why does Kcb look more exposed than Co- op?does oigara own any Kcb shares?
"Don't let the fear of losing be greater than the excitement of winning."
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Queen
#123 Posted : Friday, August 14, 2020 2:22:46 PM
Rank: Member

Joined: 11/21/2018
Posts: 564
Location: Britain
mlennyma wrote:
Why does Kcb look more exposed than Co- op?does oigara own any Kcb shares?


Stanbic bank's results (in today's papers) compares favourably with those of KCB. One can therefore conclude that there is an anomaly in Co-op bank's results.
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young
#124 Posted : Friday, August 14, 2020 5:08:02 PM
Rank: Elder

Joined: 6/20/2007
Posts: 2,075
Location: Lagos, Nigeria
Queen wrote:
mlennyma wrote:
Why does Kcb look more exposed than Co- op?does oigara own any Kcb shares?


Stanbic bank's results (in today's papers) compares favourably with those of KCB. One can therefore conclude that there is an anomaly in Co-op bank's results.


Please @Queen, provide link to stanbic Kenya Hy 2020 results ?
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Monk
#125 Posted : Friday, August 14, 2020 5:16:19 PM
Rank: Member

Joined: 7/1/2009
Posts: 274
young wrote:
Queen wrote:
mlennyma wrote:
Why does Kcb look more exposed than Co- op?does oigara own any Kcb shares?


Stanbic bank's results (in today's papers) compares favourably with those of KCB. One can therefore conclude that there is an anomaly in Co-op bank's results.


Please @Queen, provide link to stanbic Kenya Hy 2020 results ?


https://www.the-star.co....-h1-profits-drop-by-35/

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Ericsson
#126 Posted : Friday, August 14, 2020 6:13:16 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,819
Location: NAIROBI
young wrote:
Queen wrote:
mlennyma wrote:
Why does Kcb look more exposed than Co- op?does oigara own any Kcb shares?


Stanbic bank's results (in today's papers) compares favourably with those of KCB. One can therefore conclude that there is an anomaly in Co-op bank's results.


Please @Queen, provide link to stanbic Kenya Hy 2020 results ?

Today's Nation and Standard Newspaper
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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young
#127 Posted : Saturday, August 15, 2020 11:12:31 AM
Rank: Elder

Joined: 6/20/2007
Posts: 2,075
Location: Lagos, Nigeria
Ericsson wrote:
young wrote:
Queen wrote:
mlennyma wrote:
Why does Kcb look more exposed than Co- op?does oigara own any Kcb shares?


Stanbic bank's results (in today's papers) compares favourably with those of KCB. One can therefore conclude that there is an anomaly in Co-op bank's results.


Please @Queen, provide link to stanbic Kenya Hy 2020 results ?

Today's Nation and Standard Newspaper


Thanks @monk and bwana @Ericsson.

ABSA results is 24th Aug.
Pending is SCBK , NCBA and I&M, though of the 3 my interest is only in SCBK results
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Ericsson
#128 Posted : Saturday, August 15, 2020 3:52:43 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,819
Location: NAIROBI
JoeNgugi wrote:
Did they offer any dividend by the way?


Nani alisemaa
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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kmucheke
#129 Posted : Monday, August 17, 2020 11:48:45 AM
Rank: Member

Joined: 3/16/2019
Posts: 313
mlennyma wrote:
Why does Kcb look more exposed than Co- op?does oigara own any Kcb shares?


This article in BD somehow explains your observation.

Quote:
Kenyan banks had restructured aggregate loans of Sh844.4 billion or 29 per cent of the industry’s Sh2.9 trillion loan book as of June, according to the Central Bank of Kenya (CBK).

Co-op Bank has, however, fared relatively better with renegotiated loans worth Sh39.2 billion and equivalent to 14.4 per cent of its Sh272.1 billion loan book in the same period.

Its net earnings also dropped by a lower margin of 3.6 per cent to Sh7.1 billion in the half year ended June when one of its main rivals, KCB Group, reported a 40.4 per cent net profit drop to Sh7.5 billion.

Co-op Bank has nearly half of its loan book in the manufacturing, energy and water sectors and little in tourism and transport, which are the hardest hit in the coronavirus fallout.


Link
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winmak
#130 Posted : Monday, August 17, 2020 12:08:21 PM
Rank: Member

Joined: 12/1/2007
Posts: 539
Location: Nakuru
kmucheke wrote:
mlennyma wrote:
Why does Kcb look more exposed than Co- op?does oigara own any Kcb shares?


This article in BD somehow explains your observation.

Quote:
Kenyan banks had restructured aggregate loans of Sh844.4 billion or 29 per cent of the industry’s Sh2.9 trillion loan book as of June, according to the Central Bank of Kenya (CBK).

Co-op Bank has, however, fared relatively better with renegotiated loans worth Sh39.2 billion and equivalent to 14.4 per cent of its Sh272.1 billion loan book in the same period.

Its net earnings also dropped by a lower margin of 3.6 per cent to Sh7.1 billion in the half year ended June when one of its main rivals, KCB Group, reported a 40.4 per cent net profit drop to Sh7.5 billion.

Co-op Bank has nearly half of its loan book in the manufacturing, energy and water sectors and little in tourism and transport, which are the hardest hit in the coronavirus fallout.


Link



Fair enough
For investors as a whole, returns decrease as motion increases ~ WB
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