wazua Fri, Mar 27, 2026
Welcome Guest Search | Active Topics | Log In

3 Pages<123>
Co-op banks Q3 up a mere 2.5%
Angelica _ann
#11 Posted : Wednesday, November 12, 2014 2:18:49 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
guru267 wrote:
Angelica _ann wrote:
tkzee wrote:
Sometime this year they had hired McKinsey.
I just hope they will inject fresh ideas.


These guys have worked on at least 4 big banks in Kenya over the last 3 years ......... is that prudent! Just asking..........


Google the term "Chinese Wall"


INVESTOPEDIA EXPLAINS 'Chinese Wall'

Maintaining client confidentiality is crucial to any firm, but particularly large multiservice businesses. Where firms are providing a wide range of services, clients must be able to trust that information about themselves will not be exploited for the benefit of other clients with different interests. And that means clients must be able to trust in Chinese Walls. Some Wall Street scandals in recent years, however, have made some people doubt the effectiveness of Chinese Walls, as well placed executives of respectable firms have traded illegally on inside information for their own benefit.
smile
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Ericsson
#12 Posted : Wednesday, November 12, 2014 2:33:10 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,809
Location: NAIROBI
@Realtreaty
12bn profit before tax for coop will be a mountain.
At this level they might even be relegated to number 5 as Barclays will pip them for the fourth position
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
The optimist
#13 Posted : Wednesday, November 12, 2014 4:22:13 PM
Rank: Member

Joined: 6/14/2010
Posts: 521
Location: Nairobi
Ericsson
#14 Posted : Wednesday, November 12, 2014 4:36:02 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,809
Location: NAIROBI
@The optimist;
Stupid reporting from business daily
The drop in PAT was due to change in taxation.The tax holiday of 20% ended in FY2013.
From this year they are in 30% like the other banks who have been listed for a longer time
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#15 Posted : Wednesday, November 12, 2014 4:37:33 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,809
Location: NAIROBI
@The Optimist;
Ignore the above message
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
The optimist
#16 Posted : Wednesday, November 12, 2014 4:40:16 PM
Rank: Member

Joined: 6/14/2010
Posts: 521
Location: Nairobi
Ericsson wrote:
@The optimist;
Stupid reporting from business daily
The drop in PAT was due to change in taxation.The tax holiday of 20% ended in FY2013.
From this year they are in 30% like the other banks who have been listed for a longer time

I think you are saying the same thing. Last year is 2013 and that's when the tax holiday ended. They are now paying 30% this year onwards.
mlennyma
#17 Posted : Wednesday, November 12, 2014 5:00:26 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Doing business in this country is like being in hell,a whole 30% tax is just too huge and senseless
"Don't let the fear of losing be greater than the excitement of winning."
Ericsson
#18 Posted : Wednesday, November 12, 2014 5:03:13 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,809
Location: NAIROBI
@mlennyama;
America has the highest corporate tax at 37% but there things work.
In kenya companies pay 30% and they don't seem to see the benefit.
Some countries have as low as 12.5%.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
mlennyma
#19 Posted : Wednesday, November 12, 2014 5:19:08 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Comparing kenya with America with a tax difference of 7% whereas america has existed for more than 200 years when we were monkeys in the forests??? I can support a tax revolution
"Don't let the fear of losing be greater than the excitement of winning."
obiero
#20 Posted : Wednesday, November 12, 2014 7:17:14 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,238
Location: nairobi
rightsizing beckons.. if i was an employee i wld start brushing up my resume

3 Pages<123>
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Copyright © 2026 Wazua.co.ke. All Rights Reserved.