Wazua
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Pretty concerned about the rate at which the NonPerfoming loans are escalating...
Rank: Member Joined: 4/25/2012 Posts: 110
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VituVingiSana wrote: If CBK's criteria [& audit process] captures accurate data. Many banks [including European & US banks] were 'healthy' until they needed to be bailed out.  There is nothing as dangerous as an Idea, when there is only one Idea
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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VituVingiSana wrote: If CBK's criteria [& audit process] captures accurate data. Many banks [including European & US banks] were 'healthy' until they needed to be bailed out. As Warren Buffett aptly put it: When the tide goes out, is when we find out who has been swimming naked. ... is the tide going out ... is the music stopping ... or will the banking sector shine all the way to 2030 and beyong ... i tend to think banking sector is well headed to great heights ... the sector has contributed two bankers who stand to represent it in the 18 man cabinet
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Rank: Chief Joined: 1/3/2007 Posts: 18,361 Location: Nairobi
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mwekez@ji wrote:VituVingiSana wrote: If CBK's criteria [& audit process] captures accurate data. Many banks [including European & US banks] were 'healthy' until they needed to be bailed out. As Warren Buffett aptly put it: When the tide goes out, is when we find out who has been swimming naked. ... is the tide going out ... is the music stopping ... or will the banking sector shine all the way to 2030 and beyong ... i tend to think banking sector is well headed to great heights ... the sector has contributed two bankers who stand to represent it in the 18 man cabinet The tide always goes out at some point. WB knows this. Look at the GFC when once "impregnable" banks/financial firms went to him looking not just for cash but for 'validation' including Goldman Sachs, BofA & GE... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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One wonders how much CFC Stanbic made from advising the Rwandan Government on its $400mn Eurobond http://www.ventures-afri...n-400m-10-year-eurobond/
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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VituVingiSana wrote:mwekez@ji wrote:VituVingiSana wrote: If CBK's criteria [& audit process] captures accurate data. Many banks [including European & US banks] were 'healthy' until they needed to be bailed out. As Warren Buffett aptly put it: When the tide goes out, is when we find out who has been swimming naked. ... is the tide going out ... is the music stopping ... or will the banking sector shine all the way to 2030 and beyong ... i tend to think banking sector is well headed to great heights ... the sector has contributed two bankers who stand to represent it in the 18 man cabinet The tide always goes out at some point. WB knows this. Look at the GFC when once "impregnable" banks/financial firms went to him looking not just for cash but for 'validation' including Goldman Sachs, BofA & GE... I see KE story being different from that of those you have mentioned. KE economy is in growth mode and will be in it for a long time. Imagine how it will be when growth rates hit >10% putting in mind that banking sector tend to benefit more than other sectors in such environment. Enjoy the wave mate, the wave is here to stay for a very long time
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Cde Monomotapa wrote:hisah wrote:It is also affecting UG banks as they too see a spike in NPL. Ugandan banks suffer effects of bad loans - http://www.theeastafrica...-/12ldogjz/-/index.html
Quote:Ugandan banks are facing uncertainty this year as operational costs rise amid a backlash of surging bad loans.
Whereas the banks posted a rise in profits in 2012 amid tough economic conditions, massive growth in costs incurred on bad loans and weaker performance in new branches threatened to ruin the party, analysts said.
A mixed short term outlook has created uncertainty over this year’s forecast with analysts projecting a rise in bad loans. SBU's 2012 provisions were super sized. Lucky the USE has limited action. However, the div. is quite generous.
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Wazua
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Pretty concerned about the rate at which the NonPerfoming loans are escalating...
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