tom_boy wrote:Angelica _ann wrote:Ericsson wrote:Gross non performing loans increased from ksh.18.7bn to 29.4bn
Provision for non performing loans increased to sh.9.9bn
Investment in government Securities increased by 16% to ksh.80.2bn
Why the increase in non performing loans, while there is no increase in loans and advances.
?
My take,
Retiring existing loan stock with bad loan stock
Extisting loan stock is detroriating very fast.
Interest income should be taking a hit at the bottom line
Hard economic times.
Important facts to check in that line
How important is interest income to the firms profitability and going concern. Sensitivity analysis as regards medium term and long term performance of the institution.
,Behold, a sower went forth to sow;....