tag:blogger.com,1999:blog-9317825.post5672328708972955038..comments2023-10-30T15:29:59.720+03:00Comments on Bankelele: Kenya Bank Rankings 2008bankelelehttp://www.blogger.com/profile/01180926084939364063noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-9317825.post-14082001055899566152009-04-01T15:27:00.000+03:002009-04-01T15:27:00.000+03:00There is a recession (or slowed growth) in Kenya.....There is a recession (or slowed growth) in Kenya...<BR/><BR/>1) These are 2008 results where huge gains were made due to SafCon loans. 2009 will see loan defaults.<BR/><BR/>2) Exporters are crying coz lower prices & lower volumes thus lower gains for banks in forex trades.<BR/><BR/>3) NPLs are up BUT these are not 'loan provisions' i.e. not taken against profits. Yet. As these NPLs get provided for... the effects will hit the profits.<BR/><BR/>2009 will be tougher for banks. I would say the 30%+ profit gains will drop to single digits (industry-wise).coldtuskerhttps://www.blogger.com/profile/11310224592572460759noreply@blogger.comtag:blogger.com,1999:blog-9317825.post-85089648100330747212009-04-01T12:01:00.000+03:002009-04-01T12:01:00.000+03:00Will go search your blog (as I've done countless t...Will go search your blog (as I've done countless times!) so I can compare the growth %wise.PKWhttp://proudkikuyuwoman.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-9317825.post-3481469325041504772009-04-01T09:17:00.000+03:002009-04-01T09:17:00.000+03:00Coldtusker: the list is limited to bank asstes, no...Coldtusker: the list is limited to bank asstes, not groups assets, in which case Diamond Trust, CBA, I&M are are way ahead of NBK<BR/><BR/>Maishinski: true provisons are up at most banks as a result of PEV disruptions<BR/>But @K-Rep has a managment issue, staff costs are more repsonsible for the loss than PEVbankelelehttps://www.blogger.com/profile/01180926084939364063noreply@blogger.comtag:blogger.com,1999:blog-9317825.post-14207227051313052942009-03-31T20:57:00.000+03:002009-03-31T20:57:00.000+03:00Kenyan Banks are finally realizing that there's no...Kenyan Banks are finally realizing that there's no recession in Kenya. Our problem is PEV effects, bad politics and impunity.<BR/><BR/>In other news... K-rep results... what the? hmm... not consistent with industry... everyone else is making money (even standard Chartered!).. not a good sign... do they have a branch in the US or what?Maishinskihttp://maishinski.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-9317825.post-45747965744864348752009-03-31T17:51:00.000+03:002009-03-31T17:51:00.000+03:00I think NBK might be dethroned from #10 by DTBK or...I think NBK might be dethroned from #10 by DTBK or I&M (top 10 by assets) if you count their foreign operations.<BR/><BR/>DTBK now owns 51%+ of DTBU & DTBT... then there is Burundi in 2009 or 2010.<BR/><BR/>I&M Bank has 50% of Bank One (Mauritius) & are looking at another EA country according to BDA.coldtuskerhttps://www.blogger.com/profile/11310224592572460759noreply@blogger.comtag:blogger.com,1999:blog-9317825.post-57854374985129046172009-03-31T12:41:00.000+03:002009-03-31T12:41:00.000+03:00Thanks!Thanks!coldtuskerhttps://www.blogger.com/profile/11310224592572460759noreply@blogger.com