Hawako pabaya
[ATTACH=full]88630[/ATTACH]
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good morning. you nearly made my heart jump. we are getting used to only hearing bad news from banks…
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mzee take it easy
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He he. Pole VS. Good morning
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Break it down in layman terms
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Hii niliona jana kabla mrere na ugali ikue kinyesi leo
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Coop bank is doing good. They need dynamic leadership both board and management . I think bonus is 1:5 ,maybe dividends is 0.90 - 1.00.
For financial sector I’ll recommend this than equity. My 3cts thoughts.
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It isn’t as bad as banks really want to portray. But remember co-operative is really supported by saccos. Members of saccos can withdraw from Co-op bank. Most saccos also deposit their cash in this bank.
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Co-op is largely owned by co-operatives
It was an old law that all saccos in Kenya had to deposit cash with cooperative bank . The law changed later and now we have saccos in other banks but get me right 80% of saccos still bank with cooperative .
Another thing to think is saccos own class A shares in cooperative bank not class B which trades in NSE. So these saccos can’t pull out easily just like that .
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What is the NPL % bwana @Okiya ?
Most schools also have an account with this bank.
I however have never liked their services.
Looks like pretty good results.
4%. of the total loan book
Non performing loans-10b
Net loan book-236b
Provisions-3b
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they need to do something…
In layman terms, the bank is performing well. But one of the subsidiaries or associates is not therefore group profits< bank profits
Profits before tax increased by 15% from 15.38 B to 17.7 B
Wueeh, and a deposit base of 269B, hii bank haianguki any time soon.
Tungoje sasa tuskie KCB wameperform aje
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They need to change the BOD though
KCB released last Friday
Mwalimu sacco,one of their biggest depositor pulled out and bought a struggling bank called Spire bank.
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