Comments on Bankelele: Record Bank profits expected

xs: na juacoldtusker: definetly portfolios are bad...

2008-02-07T22:13:00.000+03:00

xs: na jua

coldtusker: definetly portfolios are badly affected this year, but profits are booked for '07

Concept: I saw that. But I would not selll in a down market, unless I had no choice, so ride out your losses

MainaT: More banks than barclays will take a hit> If i was a bank with super profits, I'd delay announcement till the last day of March (final legal

Btw, if were a bank FD with supernormal profits to...

2008-02-07T20:09:00.000+03:00

Btw, if were a bank FD with supernormal profits to announce, I'd book a higher than normal loan loss provision for 2007. Its allowed. That way, 2008 would look great when compared to peers.

BAd debts will pre-occupy a few of the banks esp B...

2008-02-07T13:50:00.000+03:00

BAd debts will pre-occupy a few of the banks esp BBK which was lending for a song.

Xs-the lame excuses are the same worldwide.
As an aside, alot of insurance companies are refusing to insure employees travelling to Kenya for business reasons

Today I read the Standard newspaper where Jimnah M...

2008-02-07T09:51:00.000+03:00

Today I read the Standard newspaper where Jimnah Mbaru has been quoted saying the NSE daily average turnover is worrying. From a figure of k’sh 600m in mid December, it’s now a partly k’sh 250million.
I hope the huge profits announcement will drive the market north. Currently the bourse is suffering from a confidence crisis. If the banks announce some bonus share/high dividends, it will help

I think the effects of the post-election violence ...

2008-02-07T07:56:00.000+03:00

I think the effects of the post-election violence will drag on through 2008 for most banks.

Many customers have been killed while others have their livelihoods destroyed.

Many banks will slow down expansion esp where it seems ethnic tensions run high.

The losses for most banks are compounded by the slow judicial process in Kenya.

Banks, as you know am eeeeeh directly affected, so...

2008-02-06T16:13:00.000+03:00

Banks, as you know am eeeeeh directly affected, so trust me when i tell you that 'We have been warned' - By the way the excuses being used are so LAME!

xs: they can't refuse. bonuses are based on result...

2008-02-06T13:55:00.000+03:00

xs: they can't refuse. bonuses are based on results (esp for top management) and the year was good (up to Dec 27).

they can declare caution in terms of 2008 and reeduce bonuses going forward, but not backwards

Yeah profits are on the rise but i hear some banks...

2008-02-06T13:46:00.000+03:00

Yeah profits are on the rise but i hear some banks will be very stingy with bonuses this year....uncertainity of the future!