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Co-op Bank Q3 profit up 25.2%
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Ericsson
#1 Posted : Thursday, November 17, 2016 11:24:39 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
Profit Before Tax in Q3 2016 is at Kes 15.2 billion compared to Kes 12.2 billion in Q3 2015
-75% growth in MCo-op cash transaction & 130% growth in MCoop cash loan customers
-strong balance sheet and P&L growth of 6.4% & 25.2% respectively
-Number of account holders grew by 7.0% YoY, shareholder funds grew by 19.5% YoY
-Government securities grew by 57.1% YoY, Total depositis grew by 1.2% YoY
-Loan book (Net) grew by 6.9% YoY
-The S.Sudan subsidiary made a PBT of Kes 45.12 million in Q3 2016 despite the difficult economic environment in the country
-Coop Bank South Sudan owns 31% of CIC Africa Ltd- South Sudan
-currently operating 4 branches in Juba & 5 non-oil collection centers
-The collection rate for non performing loans (90+) has grown by 72% from Q1 to Q3
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#2 Posted : Thursday, November 17, 2016 11:33:13 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
Q3 profit before tax up 25% to Sh15.2bn driven by restructuring to cut costs;
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Angelica _ann
#3 Posted : Thursday, November 17, 2016 11:37:41 AM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
Ericsson wrote:
Q3 profit before tax up 25% to Sh15.2bn driven by restructuring to cut costs;

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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Realtreaty
#4 Posted : Thursday, November 17, 2016 11:37:58 AM
Rank: Elder


Joined: 8/16/2011
Posts: 2,297
Ericsson wrote:
Profit Before Tax in Q3 2016 is at Kes 15.2 billion compared to Kes 12.2 billion in Q3 2015
-75% growth in MCo-op cash transaction & 130% growth in MCoop cash loan customers
-strong balance sheet and P&L growth of 6.4% & 25.2% respectively
-Number of account holders grew by 7.0% YoY, shareholder funds grew by 19.5% YoY
-Government securities grew by 57.1% YoY, Total depositis grew by 1.2% YoY
-Loan book (Net) grew by 6.9% YoY
-The S.Sudan subsidiary made a PBT of Kes 45.12 million in Q3 2016 despite the difficult economic environment in the country
-Coop Bank South Sudan owns 31% of CIC Africa Ltd- South Sudan
-currently operating 4 branches in Juba & 5 non-oil collection centers
-The collection rate for non performing loans (90+) has grown by 72% from Q1 to Q3



Good news and for that is good food to my heart.
On the other side Stndard chartered should be avoided by Kenyans for taking their jobs to India. We want local services so that we invest locally.
These Colonial banks will be sold and they have to undergo metamorphosis as they have aged out.
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guru267
#5 Posted : Thursday, November 17, 2016 3:28:54 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Realtreaty wrote:
Ericsson wrote:
Profit Before Tax in Q3 2016 is at Kes 15.2 billion compared to Kes 12.2 billion in Q3 2015
-75% growth in MCo-op cash transaction & 130% growth in MCoop cash loan customers
-strong balance sheet and P&L growth of 6.4% & 25.2% respectively
-Number of account holders grew by 7.0% YoY, shareholder funds grew by 19.5% YoY
-Government securities grew by 57.1% YoY, Total depositis grew by 1.2% YoY
-Loan book (Net) grew by 6.9% YoY
-The S.Sudan subsidiary made a PBT of Kes 45.12 million in Q3 2016 despite the difficult economic environment in the country
-Coop Bank South Sudan owns 31% of CIC Africa Ltd- South Sudan
-currently operating 4 branches in Juba & 5 non-oil collection centers
-The collection rate for non performing loans (90+) has grown by 72% from Q1 to Q3



Good news and for that is good food to my heart.
On the other side Stndard chartered should be avoided by Kenyans for taking their jobs to India. We want local services so that we invest locally.
These Colonial banks will be sold and they have to undergo metamorphosis as they have aged out.


So you cap interest rates and then cry when the company moves to cut costs? Shame on you
Mark 12:29
Deuteronomy 4:16
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Wakanyugi
#6 Posted : Thursday, November 17, 2016 3:53:59 PM
Rank: Veteran


Joined: 7/3/2007
Posts: 1,634
Angelica _ann wrote:
Ericsson wrote:
Q3 profit before tax up 25% to Sh15.2bn driven by restructuring to cut costs;



And what is wrong with that? You can grow in either of three ways: increasing you income; decreasing your outgo or growing your market (or all 3). Any of them is perfectly acceptable, no?
"The opposite of a correct statement is a false statement. But the opposite of a profound truth may well be another profound truth." (Niels Bohr)
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guru267
#7 Posted : Thursday, November 17, 2016 4:07:55 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Wakanyugi wrote:
Angelica _ann wrote:
Ericsson wrote:
Q3 profit before tax up 25% to Sh15.2bn driven by restructuring to cut costs;



And what is wrong with that? You can grow in either of three ways: increasing you income; decreasing your outgo or growing your market (or all 3). Any of them is perfectly acceptable, no?


All are acceptable but not all are sustainable.
Mark 12:29
Deuteronomy 4:16
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enyands
#8 Posted : Thursday, November 17, 2016 7:56:28 PM
Rank: Elder


Joined: 12/25/2014
Posts: 2,300
Location: kenya
guru267 wrote:
Wakanyugi wrote:
Angelica _ann wrote:
Ericsson wrote:
Q3 profit before tax up 25% to Sh15.2bn driven by restructuring to cut costs;



And what is wrong with that? You can grow in either of three ways: increasing you income; decreasing your outgo or growing your market (or all 3). Any of them is perfectly acceptable, no?


All are acceptable but not all are sustainable.


Every quarter is all about cost cuttings
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Ericsson
#9 Posted : Thursday, November 17, 2016 10:08:07 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
Cooperative bank to focus on government securities, forex and corporate banking to grow.
Corporate banking has a loan portfolio of sh.96bn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ebenyo
#10 Posted : Friday, November 18, 2016 4:52:35 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
Ericsson wrote:
Cooperative bank to focus on government securities, forex and corporate banking to grow.
Corporate banking has a loan portfolio of sh.96bn


Everyone is running away from Wanjiku since law capping interest came into effect.
Towards the goal of financial freedom
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Cornelius Vanderbilt
#11 Posted : Friday, November 18, 2016 7:21:45 AM
Rank: Member


Joined: 8/15/2015
Posts: 817
and the stock will rally only 3 bob for the next one year , lol
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obiero
#12 Posted : Friday, November 18, 2016 7:30:46 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,547
Location: nairobi
Cornelius Vanderbilt wrote:
and the stock will rally only 3 bob for the next one year , lol

3 bob on a large holding will give good return.. Traders would know

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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maka
#13 Posted : Friday, November 18, 2016 8:05:21 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
obiero wrote:
Cornelius Vanderbilt wrote:
and the stock will rally only 3 bob for the next one year , lol

3 bob on a large holding will give good return.. Traders would know


True
possunt quia posse videntur
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Spikes
#14 Posted : Friday, November 18, 2016 8:38:30 AM
Rank: Elder


Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
maka wrote:
obiero wrote:
Cornelius Vanderbilt wrote:
and the stock will rally only 3 bob for the next one year , lol

3 bob on a large holding will give good return.. Traders would know


True



Absolutely!
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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obiero
#15 Posted : Sunday, January 22, 2017 8:49:37 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,547
Location: nairobi
No other bank listed or otherwise managed such a performance percentage growth.. Expect the very same in 2017.. Bargain of a lifetime at current price

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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obiero
#16 Posted : Sunday, January 22, 2017 8:51:31 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,547
Location: nairobi
No other bank listed or otherwise managed such a performance percentage growth.. Expect the very same in 2017.. Bargain of a lifetime at current price

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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