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Ericsson
#11 Posted : Thursday, March 22, 2018 10:57:03 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Pesa Nane wrote:
lochaz-index wrote:
watesh wrote:
They padded the results by decreasing Loan Loss Provision....

I have seen the same thing with NIC...any plausible explanation?


Shame on you Check again. NIC loan loss provision was increased not decreased


Acha nnecessary noise and arguments.
Check under operating expenses.
Loan loss provision in FY2016 sh.3,749,530,000
Loan Loss provision in FY2017 sh.2,979,723,000
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#12 Posted : Thursday, March 22, 2018 12:00:42 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
NIC
The LLP (Group) under the P&L (Expenses) is down 770mn Y-O-Y.
The Net LLP (Group) under the BS is down 88mn [negligible]

BUT back to Equity... smile
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Horton
#13 Posted : Thursday, March 22, 2018 12:43:50 PM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
VituVingiSana wrote:
NIC
The LLP (Group) under the P&L (Expenses) is down 770mn Y-O-Y.
The Net LLP (Group) under the BS is down 88mn [negligible]

BUT back to Equity... smile



You like digressing 😁😁
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VituVingiSana
#14 Posted : Thursday, March 22, 2018 12:46:20 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Horton wrote:
VituVingiSana wrote:
NIC
The LLP (Group) under the P&L (Expenses) is down 770mn Y-O-Y.
The Net LLP (Group) under the BS is down 88mn [negligible]

BUT back to Equity... smile


You like digressing 😁😁

Shame on you Shame on you Shame on you Check the thread(s) above... @lochaz, @pesanane, @ericsson were going on and on about NIC
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#15 Posted : Thursday, March 22, 2018 12:53:40 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
watesh wrote:
They padded the results by decreasing Loan Loss Provision....


Loan Loss provison reduced by sh.3.2bn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Kingotore
#16 Posted : Thursday, March 22, 2018 1:12:55 PM
Rank: New-farer

Joined: 12/27/2013
Posts: 87
Has they retained a divided of sh 2/= per share?
GOOD TO GREAT. KINGOTORE
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Kingotore
#17 Posted : Thursday, March 22, 2018 1:15:08 PM
Rank: New-farer

Joined: 12/27/2013
Posts: 87
Perhaps they have considered government if any maturing or matured to be paid through euro bond proceeds
GOOD TO GREAT. KINGOTORE
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watesh
#18 Posted : Thursday, March 22, 2018 1:16:09 PM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
Ericsson wrote:
watesh wrote:
They padded the results by decreasing Loan Loss Provision....


Loan Loss provison reduced by sh.3.2bn

I have been thinking, could this be that Kenya Airways debt? They were owed around Ksh4.28bn. If it is, then it makes sense now after the debt equity restructuring
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Pesa Nane
#19 Posted : Thursday, March 22, 2018 1:45:12 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Ericsson wrote:
Pesa Nane wrote:
lochaz-index wrote:
watesh wrote:
They padded the results by decreasing Loan Loss Provision....

I have seen the same thing with NIC...any plausible explanation?


Shame on you Check again. NIC loan loss provision was increased not decreased


Acha nnecessary noise and arguments.
Check under operating expenses.
Loan loss provision in FY2016 sh.3,749,530,000
Loan Loss provision in FY2017 sh.2,979,723,000

Mea culpa.
Pesa Nane plans to be shilingi when he grows up.
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sparkly
#20 Posted : Thursday, March 22, 2018 2:14:11 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
lochaz-index wrote:
Ericsson wrote:
lochaz-index wrote:
watesh wrote:
They padded the results by decreasing Loan Loss Provision....

I have seen the same thing with NIC...any plausible explanation?


To make a fool out of us.
That explains the reason of delay in releasing the results

That is fatal short-termism on the banks' part. Will come back to bite them in ass sooner rather than later.


Shauri yenyu. Sisi kama memba tuko ndaani ndaani kama ninii
Life is short. Live passionately.
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