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I&M Bank FY 2011 results
Rank: Veteran Joined: 5/24/2010 Posts: 846 Location: KENYA
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VituVingiSana wrote:The Merchant wrote:SIASA!! Crap stock...so many better stocks out there, profits are falling and you guys are buying, huh? Competition is increasing daily and you guys are still buying ,huh? This is the 5th Elliot wave that catches all the suckers. DO NOT become one of them.
@vvs and @youcan't, don't get pushed into the death train.... Wewe... I saw the I&M results leo... I recall you had mentioned something a little while ago. What portion of Other Income is from Bond Trading? As for Safaricom - As an investment at 3/- [or lower] I could go for... At 3.90 I am staying far away! Lakini, I want to see 1H 2011-12 results before I plunge in all the way... Check this out http://www.imbank.com/KE...MBLAnnualReport2010.pdf
Gov securities at 1.463B VS Loan interest income of 4.9B Staff costs surged from 800M to 1.17B. These guys are expanding major DTB style(their no. 1 rival, I know). Opened eldoret, langata link,lavington (beautiful) nakuru and a premier branch in riverside planned this year.
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Rank: Chief Joined: 1/3/2007 Posts: 18,361 Location: Nairobi
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@TheMerchant - Thanks! Can I&M catch up with DTB in branches any time soon? DTB started much earlier with branches in very many towns. I&M didn't even go to Nakuru or Eldoret recently while DTB is in Thika among other smaller but important towns. Region - DTB is in Uganda, Tanzania, Burundi so any I&M plans for Uganda? Which branch is beautiful [Nakuru or Lavington]? Did you see 1Q 2011 results? Released today. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 12/15/2010 Posts: 162
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VituVingiSana wrote:@TheMerchant - Thanks!
Can I&M catch up with DTB in branches any time soon?
DTB started much earlier with branches in very many towns. I&M didn't even go to Nakuru or Eldoret recently while DTB is in Thika among other smaller but important towns.
Region - DTB is in Uganda, Tanzania, Burundi so any I&M plans for Uganda?
Which branch is beautiful [Nakuru or Lavington]?
Did you see 1Q 2011 results? Released today. The lavington branch is really beautiful. Interesting, I & M has fewer branches than DTB but it is making higher profits than DTB.
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Rank: Chief Joined: 1/3/2007 Posts: 18,361 Location: Nairobi
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invest0r wrote:VituVingiSana wrote:@TheMerchant - Thanks!
Can I&M catch up with DTB in branches any time soon?
DTB started much earlier with branches in very many towns. I&M didn't even go to Nakuru or Eldoret recently while DTB is in Thika among other smaller but important towns.
Region - DTB is in Uganda, Tanzania, Burundi so any I&M plans for Uganda?
Which branch is beautiful [Nakuru or Lavington]?
Did you see 1Q 2011 results? Released today The lavington branch is really beautiful. Interesting, I & M has fewer branches than DTB but it is making higher profits than DTB. "Other Income" which includes Rental Income, etc was 218mn so compare that to DTB for a better picture. BTW, Citibank makes more than DTB or I&M or NIC & has only one branch!!! Has CBA announced 1Q 2011 results? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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@investor. I&m bank did not make more profit than dtb in q1 2011. Im pat was 473m, dtb pat was almost 600m. Dtb pbt was 859m. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Veteran Joined: 5/24/2010 Posts: 846 Location: KENYA
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ill post the I&M Q1 no's here once I get them....
Citibank definitely has a very lean but profitable outfit. Most FCY from I&M,DTB etc are banked with them and this makes for a neat return.
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Rank: Elder Joined: 6/19/2008 Posts: 4,268
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VituVingiSana wrote:invest0r wrote:VituVingiSana wrote:@TheMerchant - Thanks!
Can I&M catch up with DTB in branches any time soon?
DTB started much earlier with branches in very many towns. I&M didn't even go to Nakuru or Eldoret recently while DTB is in Thika among other smaller but important towns.
Region - DTB is in Uganda, Tanzania, Burundi so any I&M plans for Uganda?
Which branch is beautiful [Nakuru or Lavington]?
Did you see 1Q 2011 results? Released today The lavington branch is really beautiful. Interesting, I & M has fewer branches than DTB but it is making higher profits than DTB. "Other Income" which includes Rental Income, etc was 218mn so compare that to DTB for a better picture. BTW, Citibank makes more than DTB or I&M or NIC & has only one branch!!! Has CBA announced 1Q 2011 results? Citibank's clients are pretty different from the two banks.... they only deal with corporates and mostly multinationals who operate alot in huge sums of foreign currency. Their mode of operations is also very different hence reducing costs. They have this DIY system which helps them reduce costs significantly.
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Rank: Member Joined: 12/15/2010 Posts: 162
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Aguytrying wrote:@investor. I&m bank did not make more profit than dtb in q1 2011. Im pat was 473m, dtb pat was almost 600m. Dtb pbt was 859m. In Q1, I & M made a PAT of 805,077 while DTB made 683,492. PBT for I & M was 1,128,323 while for DTB was 879,506. Clearly, I & M made more profits. When is I & M expected to list in NSE? NB: The above figures are in KES '000'
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Rank: Chief Joined: 1/3/2007 Posts: 18,361 Location: Nairobi
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invest0r wrote:Aguytrying wrote:@investor. I&m bank did not make more profit than dtb in q1 2011. Im pat was 473m, dtb pat was almost 600m. Dtb pbt was 859m. In Q1, I & M made a PAT of 805,077 while DTB made 683,492. PBT for I & M was 1,128,323 while for DTB was 879,506. Clearly, I & M made more profits. When is I & M expected to list in NSE? NB: The above figures are in KES '000' What about Citibank? There is @bankelele who does a nice job listing all the banks' assets & profits from 1-43 Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,361 Location: Nairobi
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Citibank http://www.nation.co.ke/...2/-/aoiprvz/-/index.htmlGreedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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