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Family Bank?
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Angelica _ann
#41 Posted : Tuesday, November 22, 2016 3:49:17 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
kaka2za wrote:
Surething wrote:
alma1 wrote:
Why are they seeing the need to issue statements on how fantastic they are doing? Why all the twitter robots now turned on to say how great they are?



Speaking from first hand experience here. My mum has her security firm's account in family bank. She recently went there to withdrau w a mere 20k to sort salary advances only to leave the bank with 2k. The way they are reacting will only Stoke more panic. Right now my mum is in the process of optu ening a new organization account at KCB so that December payments are all channelled through this new account.


Sounds like second hand mucene. First hand experience must be your own!

smile smile 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
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Mainat
#42 Posted : Tuesday, November 22, 2016 4:07:12 PM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
The former gavana used to treat banks like they were doing him a favor allowing him to regulate them.
FB won't be the last bank to have all their past sins catch with them.
Funny that Munyiri is now running a microfinance
Sehemu ndio nyumba
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muganda
#43 Posted : Wednesday, November 23, 2016 12:49:42 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
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KulaRaha
#44 Posted : Wednesday, November 23, 2016 12:53:19 PM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
And there are folks here buying bank shares claiming the worst is over....wait until the big boys feel this pressure....they cant sugarcoat balance sheets forever...
Business opportunities are like buses,there's always another one coming
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maka
#45 Posted : Wednesday, November 23, 2016 1:13:42 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
KulaRaha wrote:
And there are folks here buying bank shares claiming the worst is over....wait until the big boys feel this pressure....they cant sugarcoat balance sheets forever...


Ukweli wa mambo...
possunt quia posse videntur
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Gadaffi
#46 Posted : Wednesday, November 23, 2016 2:31:37 PM
Rank: Member

Joined: 2/13/2011
Posts: 284
Location: Nairobi
muganda wrote:
q3 2016 Tragedy:
http://www.capitalfm.co.ke/busi...-to-post-sh1-4bn-profit/




I will be interested to see the change in the loan book. This will tell us a lot.
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Mainat
#47 Posted : Wednesday, November 23, 2016 3:00:33 PM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Three pts:
1) The bank also saw lower interim PBT compared to last yr. That tells me that NYS/Chase et al are the issues
2) Its far too early to see the impact of the interest cap. As at end of September, the thing was live for weeks not even months.
3)NPLs are the other issue. Its probably not booking enough of them. Also, overall loan book has been decreasing since Q1 i.e. since NYS, chase et al
Sehemu ndio nyumba
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  | | Edit by user: Wednesday, November 23, 2016 3:02 PM | Reason: Not specified
Ericsson
#48 Posted : Wednesday, November 23, 2016 4:53:12 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
Family Bank is lying.
Interest rate cap was only applicable for two weeks.
There was something not right even before
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Angelica _ann
#49 Posted : Wednesday, November 23, 2016 5:00:53 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Ericsson wrote:
Family Bank is lying.
Interest rate cap was only applicable for two weeks.
There was something not right even before

New guys after Munyiri could be using the excuse to clean books especially bad loans!!!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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obiero
#50 Posted : Wednesday, November 23, 2016 6:11:27 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,226
Location: nairobi
Gadaffi wrote:
muganda wrote:
q3 2016 Tragedy:
http://www.capitalfm.co.ke/busi...-to-post-sh1-4bn-profit/




I will be interested to see the change in the loan book. This will tell us a lot.

The exchange bar warned you about this bank
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