Home SK - Stocks, Property, Investment Chamas - Investment Groups BIZ - Small Business Soko - Market Wazua Life About Wazua
SIGN IN REGISTER
Sunday, Aug 9, 2020
Investor
We’re investing funds for profit. Join us and wazua!
LATEST DISCUSSIONS
Exchange Bar: Results forecast [2200]
Bitcoin: Does it have a future ? [1238]
NMG FY 2018 and Beyond [146]
Elliott Wave Analysis Of The NSE 20 [3619]
Madness at the NSE [2319]
Kenya Airways...why ignore.. [15053]
KenyaRe FY19 - FY23 (Both Inclusive) [514]
Coop Bank 2019 [117]
Low End Housing: High Risk, High Return [333]
WPP ScanGroup Plc FY 2019 [42]
411 on dividend and AGM [912]
Telkom Airtel Merger [48]
Speculating in cryptocurrencies: A rough approach [278]
Safaricom 2019/2020 [400]
Equity Bank 2020 [45]
 
Forum Jump








Welcome Guest Search | Active Topics | Log In | Register

13 Pages«<89101112>»
Potential merger NIC + CBA
NewMoney
#181 Posted : Monday, January 06, 2020 7:14:29 PM
Rank: Member


Joined: 3/1/2019
Posts: 155
Location: Nairobi
Balaa wrote:
Their (nic securities) online share trading platform has been screwed up since the merger. For example, it has not worked optimally since the two institutions merged. Management issues apologies continually and they are never short of excuses! So useless...


note that there was a new URL that was sent out (https://onlinetrading.ncbagroup.com/Tradeweb/login.aspx) and it works fine, no new issues on my side
Superprime1
#182 Posted : Monday, January 06, 2020 9:21:37 PM
Rank: Member


Joined: 5/2/2018
Posts: 264
NewMoney wrote:
Balaa wrote:
Their (nic securities) online share trading platform has been screwed up since the merger. For example, it has not worked optimally since the two institutions merged. Management issues apologies continually and they are never short of excuses! So useless...


note that there was a new URL that was sent out (https://onlinetrading.ncbagroup.com/Tradeweb/login.aspx) and it works fine, no new issues on my side

They've made a weird tweak for mobile. It lacks depth and has lost some of the features seen via the desktop version. Terrible move.
Balaa
#183 Posted : Monday, January 06, 2020 9:52:01 PM
Rank: Member


Joined: 7/6/2018
Posts: 140
Location: Kinshasa
NewMoney wrote:
Balaa wrote:
Their (nic securities) online share trading platform has been screwed up since the merger. For example, it has not worked optimally since the two institutions merged. Management issues apologies continually and they are never short of excuses! So useless...


note that there was a new URL that was sent out (https://onlinetrading.ncbagroup.com/Tradeweb/login.aspx) and it works fine, no new issues on my side

Thanks @NewMoney for the titbit. Will follow through with my so-called Wealth Manager (whom I hope to fire soonest).
xtina
#184 Posted : Tuesday, January 07, 2020 7:23:39 PM
Rank: Member


Joined: 6/26/2008
Posts: 330
Drool Drool Drool what does this portend for small shareholders like us?

NCBA board to meet over dividend terms
Monday, January 6, 2020 23:26
President Uhuru Kenyatta (left), his brother Muhoho and former First Lady Mama Ngina Kenyatta
Top: President Uhuru Kenyatta (left), his brother Muhoho and former First Lady Mama Ngina Kenyatta. Bottom: Billionaire businessman Naushad Merali (left), NIC Chairman James Ndegwa (centre) and his brother Andrew Ndegwa. FILE PHOTOS | NMG
Facebook
Twitter
LinkedIn

The board of NCBA Group

will meet before March to decide the new dividends to pay shareholders, including the Kenyatta and Philip Ndegwa families who command the highest stakes.

NCBA is the product of the merger between the listed NIC Group and CBA Group. The two lenders had different dividend policies.

CBA, where the Kenyatta’s were significant shareholders, used to pay higher dividends relative to profits compared to NIC.

Now, the board of the merged banks is set to decide on a fresh dividend policy.

NCBA group Managing Director John Gachora told the Business Daily that the board will make the decision before March when the bank will issue its first consolidated results for the 2019 financial year.


“The board has not yet decided on a policy yet. We are having discussions as to what that should look like. It is true NIC policy was conservative,” said Mr Gachora.

Standard Investment Bank (SIB) analysts said they expect NCBA to increase its dividend payout hinged on higher efficiencies and reduced cost of funding.

SIB said the merger transaction had resulted in between 10 and 15 percent growth in earnings to NIC Group shareholders who swapped their stock during the deal.

“We see a slight increase in dividend payout — blended payout improves from 20 percent to about 25 percent in our estimate, with CBA being the catalyst for a higher payout,” said SIB.

However, Mr Gachora said the new payout policy will have to leave room for expansion plans within Kenya and beyond without having to raise capital in the short-term.

“Our new dividend policy will be one that allows us to make new investments to build capital. That is a decision that has to be made before we release end year results in March,” said Mr Gachora.

The Kenyattas have a 13.2 percent stake in NCBA while the family of the late Phillip Ndegwa owns 11.75 percent.

NIC paid a dividend of Sh1.25 per share totalling Sh880 million from the 2018 results when the lender’s profits grew to Sh4.22 billion from Sh4.14 billion in 2017. This means it paid 20.8 percent of its earnings to shareholders as dividends.

CBA paid a dividend of Sh1.42 from 2017 despite the lender’s profits dropping to Sh5.54 billion from Sh6.7 billion in 2016. This means it paid 25.6 percent of its earnings to shareholders as dividends.
sparkly
#185 Posted : Wednesday, January 08, 2020 12:49:38 AM
Rank: Elder


Joined: 9/23/2009
Posts: 7,864
Location: Enk are Nyirobi
xtina wrote:
Drool Drool Drool what does this portend for small shareholders like us?

NCBA board to meet over dividend terms
Monday, January 6, 2020 23:26
President Uhuru Kenyatta (left), his brother Muhoho and former First Lady Mama Ngina Kenyatta
Top: President Uhuru Kenyatta (left), his brother Muhoho and former First Lady Mama Ngina Kenyatta. Bottom: Billionaire businessman Naushad Merali (left), NIC Chairman James Ndegwa (centre) and his brother Andrew Ndegwa. FILE PHOTOS | NMG
Facebook
Twitter
LinkedIn

The board of NCBA Group

will meet before March to decide the new dividends to pay shareholders, including the Kenyatta and Philip Ndegwa families who command the highest stakes.

NCBA is the product of the merger between the listed NIC Group and CBA Group. The two lenders had different dividend policies.

CBA, where the Kenyatta’s were significant shareholders, used to pay higher dividends relative to profits compared to NIC.

Now, the board of the merged banks is set to decide on a fresh dividend policy.

NCBA group Managing Director John Gachora told the Business Daily that the board will make the decision before March when the bank will issue its first consolidated results for the 2019 financial year.


“The board has not yet decided on a policy yet. We are having discussions as to what that should look like. It is true NIC policy was conservative,” said Mr Gachora.

Standard Investment Bank (SIB) analysts said they expect NCBA to increase its dividend payout hinged on higher efficiencies and reduced cost of funding.

SIB said the merger transaction had resulted in between 10 and 15 percent growth in earnings to NIC Group shareholders who swapped their stock during the deal.

“We see a slight increase in dividend payout — blended payout improves from 20 percent to about 25 percent in our estimate, with CBA being the catalyst for a higher payout,” said SIB.

However, Mr Gachora said the new payout policy will have to leave room for expansion plans within Kenya and beyond without having to raise capital in the short-term.

“Our new dividend policy will be one that allows us to make new investments to build capital. That is a decision that has to be made before we release end year results in March,” said Mr Gachora.

The Kenyattas have a 13.2 percent stake in NCBA while the family of the late Phillip Ndegwa owns 11.75 percent.

NIC paid a dividend of Sh1.25 per share totalling Sh880 million from the 2018 results when the lender’s profits grew to Sh4.22 billion from Sh4.14 billion in 2017. This means it paid 20.8 percent of its earnings to shareholders as dividends.

CBA paid a dividend of Sh1.42 from 2017 despite the lender’s profits dropping to Sh5.54 billion from Sh6.7 billion in 2016. This means it paid 25.6 percent of its earnings to shareholders as dividends.


Not much in way of dividends. Even the combined entity is on growth mode. Small shareholders are better off trading for capital gains.
Life is short. Live passionately.
mwekez@ji
#186 Posted : Wednesday, January 08, 2020 8:11:30 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,114
sparkly wrote:
xtina wrote:
Drool Drool Drool what does this portend for small shareholders like us?

NCBA board to meet over dividend terms
Monday, January 6, 2020 23:26
President Uhuru Kenyatta (left), his brother Muhoho and former First Lady Mama Ngina Kenyatta
Top: President Uhuru Kenyatta (left), his brother Muhoho and former First Lady Mama Ngina Kenyatta. Bottom: Billionaire businessman Naushad Merali (left), NIC Chairman James Ndegwa (centre) and his brother Andrew Ndegwa. FILE PHOTOS | NMG
Facebook
Twitter
LinkedIn

The board of NCBA Group

will meet before March to decide the new dividends to pay shareholders, including the Kenyatta and Philip Ndegwa families who command the highest stakes.

NCBA is the product of the merger between the listed NIC Group and CBA Group. The two lenders had different dividend policies.

CBA, where the Kenyatta’s were significant shareholders, used to pay higher dividends relative to profits compared to NIC.

Now, the board of the merged banks is set to decide on a fresh dividend policy.

NCBA group Managing Director John Gachora told the Business Daily that the board will make the decision before March when the bank will issue its first consolidated results for the 2019 financial year.


“The board has not yet decided on a policy yet. We are having discussions as to what that should look like. It is true NIC policy was conservative,” said Mr Gachora.

Standard Investment Bank (SIB) analysts said they expect NCBA to increase its dividend payout hinged on higher efficiencies and reduced cost of funding.

SIB said the merger transaction had resulted in between 10 and 15 percent growth in earnings to NIC Group shareholders who swapped their stock during the deal.

“We see a slight increase in dividend payout — blended payout improves from 20 percent to about 25 percent in our estimate, with CBA being the catalyst for a higher payout,” said SIB.

However, Mr Gachora said the new payout policy will have to leave room for expansion plans within Kenya and beyond without having to raise capital in the short-term.

“Our new dividend policy will be one that allows us to make new investments to build capital. That is a decision that has to be made before we release end year results in March,” said Mr Gachora.

The Kenyattas have a 13.2 percent stake in NCBA while the family of the late Phillip Ndegwa owns 11.75 percent.

NIC paid a dividend of Sh1.25 per share totalling Sh880 million from the 2018 results when the lender’s profits grew to Sh4.22 billion from Sh4.14 billion in 2017. This means it paid 20.8 percent of its earnings to shareholders as dividends.

CBA paid a dividend of Sh1.42 from 2017 despite the lender’s profits dropping to Sh5.54 billion from Sh6.7 billion in 2016. This means it paid 25.6 percent of its earnings to shareholders as dividends.


Not much in way of dividends. Even the combined entity is on growth mode. Small shareholders are better off trading for capital gains.


Indeed this is not a dividend stock but it will compensate with capital gains. Interestingly KCB is delivering on both fronts
Ericsson
#187 Posted : Wednesday, January 08, 2020 10:47:45 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,691
Location: NAIROBI
mwekez@ji wrote:
sparkly wrote:
xtina wrote:
Drool Drool Drool what does this portend for small shareholders like us?

NCBA board to meet over dividend terms
Monday, January 6, 2020 23:26
President Uhuru Kenyatta (left), his brother Muhoho and former First Lady Mama Ngina Kenyatta
Top: President Uhuru Kenyatta (left), his brother Muhoho and former First Lady Mama Ngina Kenyatta. Bottom: Billionaire businessman Naushad Merali (left), NIC Chairman James Ndegwa (centre) and his brother Andrew Ndegwa. FILE PHOTOS | NMG
Facebook
Twitter
LinkedIn

The board of NCBA Group

will meet before March to decide the new dividends to pay shareholders, including the Kenyatta and Philip Ndegwa families who command the highest stakes.

NCBA is the product of the merger between the listed NIC Group and CBA Group. The two lenders had different dividend policies.

CBA, where the Kenyatta’s were significant shareholders, used to pay higher dividends relative to profits compared to NIC.

Now, the board of the merged banks is set to decide on a fresh dividend policy.

NCBA group Managing Director John Gachora told the Business Daily that the board will make the decision before March when the bank will issue its first consolidated results for the 2019 financial year.


“The board has not yet decided on a policy yet. We are having discussions as to what that should look like. It is true NIC policy was conservative,” said Mr Gachora.

Standard Investment Bank (SIB) analysts said they expect NCBA to increase its dividend payout hinged on higher efficiencies and reduced cost of funding.

SIB said the merger transaction had resulted in between 10 and 15 percent growth in earnings to NIC Group shareholders who swapped their stock during the deal.

“We see a slight increase in dividend payout — blended payout improves from 20 percent to about 25 percent in our estimate, with CBA being the catalyst for a higher payout,” said SIB.

However, Mr Gachora said the new payout policy will have to leave room for expansion plans within Kenya and beyond without having to raise capital in the short-term.

“Our new dividend policy will be one that allows us to make new investments to build capital. That is a decision that has to be made before we release end year results in March,” said Mr Gachora.

The Kenyattas have a 13.2 percent stake in NCBA while the family of the late Phillip Ndegwa owns 11.75 percent.

NIC paid a dividend of Sh1.25 per share totalling Sh880 million from the 2018 results when the lender’s profits grew to Sh4.22 billion from Sh4.14 billion in 2017. This means it paid 20.8 percent of its earnings to shareholders as dividends.

CBA paid a dividend of Sh1.42 from 2017 despite the lender’s profits dropping to Sh5.54 billion from Sh6.7 billion in 2016. This means it paid 25.6 percent of its earnings to shareholders as dividends.


Not much in way of dividends. Even the combined entity is on growth mode. Small shareholders are better off trading for capital gains.


Indeed this is not a dividend stock but it will compensate with capital gains. Interestingly KCB is delivering on both fronts


The Group MD has started complaining that the market is not favorable.
watesh
#188 Posted : Wednesday, January 08, 2020 10:49:13 AM
Rank: Member


Joined: 8/10/2014
Posts: 833
Location: Kenya
sparkly wrote:
xtina wrote:
Drool Drool Drool what does this portend for small shareholders like us?

NCBA board to meet over dividend terms
Monday, January 6, 2020 23:26
President Uhuru Kenyatta (left), his brother Muhoho and former First Lady Mama Ngina Kenyatta
Top: President Uhuru Kenyatta (left), his brother Muhoho and former First Lady Mama Ngina Kenyatta. Bottom: Billionaire businessman Naushad Merali (left), NIC Chairman James Ndegwa (centre) and his brother Andrew Ndegwa. FILE PHOTOS | NMG
Facebook
Twitter
LinkedIn

The board of NCBA Group

will meet before March to decide the new dividends to pay shareholders, including the Kenyatta and Philip Ndegwa families who command the highest stakes.

NCBA is the product of the merger between the listed NIC Group and CBA Group. The two lenders had different dividend policies.

CBA, where the Kenyatta’s were significant shareholders, used to pay higher dividends relative to profits compared to NIC.

Now, the board of the merged banks is set to decide on a fresh dividend policy.

NCBA group Managing Director John Gachora told the Business Daily that the board will make the decision before March when the bank will issue its first consolidated results for the 2019 financial year.


“The board has not yet decided on a policy yet. We are having discussions as to what that should look like. It is true NIC policy was conservative,” said Mr Gachora.

Standard Investment Bank (SIB) analysts said they expect NCBA to increase its dividend payout hinged on higher efficiencies and reduced cost of funding.

SIB said the merger transaction had resulted in between 10 and 15 percent growth in earnings to NIC Group shareholders who swapped their stock during the deal.

“We see a slight increase in dividend payout — blended payout improves from 20 percent to about 25 percent in our estimate, with CBA being the catalyst for a higher payout,” said SIB.

However, Mr Gachora said the new payout policy will have to leave room for expansion plans within Kenya and beyond without having to raise capital in the short-term.

“Our new dividend policy will be one that allows us to make new investments to build capital. That is a decision that has to be made before we release end year results in March,” said Mr Gachora.

The Kenyattas have a 13.2 percent stake in NCBA while the family of the late Phillip Ndegwa owns 11.75 percent.

NIC paid a dividend of Sh1.25 per share totalling Sh880 million from the 2018 results when the lender’s profits grew to Sh4.22 billion from Sh4.14 billion in 2017. This means it paid 20.8 percent of its earnings to shareholders as dividends.

CBA paid a dividend of Sh1.42 from 2017 despite the lender’s profits dropping to Sh5.54 billion from Sh6.7 billion in 2016. This means it paid 25.6 percent of its earnings to shareholders as dividends.


Not much in way of dividends. Even the combined entity is on growth mode. Small shareholders are better off trading for capital gains.

I hope it stays below 30% or rather be at 20%. It will be delivering the same dividend yield as Equity Bank at current price plus be retaining more money for growth
maka
#189 Posted : Wednesday, January 08, 2020 6:13:12 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,341
Location: Nairobi
Ericsson wrote:
mwekez@ji wrote:
sparkly wrote:
xtina wrote:
Drool Drool Drool what does this portend for small shareholders like us?

NCBA board to meet over dividend terms
Monday, January 6, 2020 23:26
President Uhuru Kenyatta (left), his brother Muhoho and former First Lady Mama Ngina Kenyatta
Top: President Uhuru Kenyatta (left), his brother Muhoho and former First Lady Mama Ngina Kenyatta. Bottom: Billionaire businessman Naushad Merali (left), NIC Chairman James Ndegwa (centre) and his brother Andrew Ndegwa. FILE PHOTOS | NMG
Facebook
Twitter
LinkedIn

The board of NCBA Group

will meet before March to decide the new dividends to pay shareholders, including the Kenyatta and Philip Ndegwa families who command the highest stakes.

NCBA is the product of the merger between the listed NIC Group and CBA Group. The two lenders had different dividend policies.

CBA, where the Kenyatta’s were significant shareholders, used to pay higher dividends relative to profits compared to NIC.

Now, the board of the merged banks is set to decide on a fresh dividend policy.

NCBA group Managing Director John Gachora told the Business Daily that the board will make the decision before March when the bank will issue its first consolidated results for the 2019 financial year.


“The board has not yet decided on a policy yet. We are having discussions as to what that should look like. It is true NIC policy was conservative,” said Mr Gachora.

Standard Investment Bank (SIB) analysts said they expect NCBA to increase its dividend payout hinged on higher efficiencies and reduced cost of funding.

SIB said the merger transaction had resulted in between 10 and 15 percent growth in earnings to NIC Group shareholders who swapped their stock during the deal.

“We see a slight increase in dividend payout — blended payout improves from 20 percent to about 25 percent in our estimate, with CBA being the catalyst for a higher payout,” said SIB.

However, Mr Gachora said the new payout policy will have to leave room for expansion plans within Kenya and beyond without having to raise capital in the short-term.

“Our new dividend policy will be one that allows us to make new investments to build capital. That is a decision that has to be made before we release end year results in March,” said Mr Gachora.

The Kenyattas have a 13.2 percent stake in NCBA while the family of the late Phillip Ndegwa owns 11.75 percent.

NIC paid a dividend of Sh1.25 per share totalling Sh880 million from the 2018 results when the lender’s profits grew to Sh4.22 billion from Sh4.14 billion in 2017. This means it paid 20.8 percent of its earnings to shareholders as dividends.

CBA paid a dividend of Sh1.42 from 2017 despite the lender’s profits dropping to Sh5.54 billion from Sh6.7 billion in 2016. This means it paid 25.6 percent of its earnings to shareholders as dividends.


Not much in way of dividends. Even the combined entity is on growth mode. Small shareholders are better off trading for capital gains.


Indeed this is not a dividend stock but it will compensate with capital gains. Interestingly KCB is delivering on both fronts


The Group MD has started complaining that the market is not favorable.


Whiner that one....
possunt quia posse videntur
VituVingiSana
#190 Posted : Tuesday, January 21, 2020 9:58:57 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,161
Location: Nairobi
Another defaulter https://www.businessdail...684-10j6im0z/index.html but the good news is there's progress in making a recovery.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
wukan
#191 Posted : Tuesday, January 21, 2020 10:13:47 AM
Rank: Veteran


Joined: 11/13/2015
Posts: 1,429
VituVingiSana wrote:
Another defaulter https://www.businessdail...684-10j6im0z/index.html but the good news is there's progress in making a recovery.


wow! matrimonial interest overriding the banks interest.
Angelica _ann
#192 Posted : Tuesday, January 21, 2020 10:18:21 AM
Rank: Elder


Joined: 12/7/2012
Posts: 11,657
wukan wrote:
VituVingiSana wrote:
Another defaulter https://www.businessdail...684-10j6im0z/index.html but the good news is there's progress in making a recovery.


wow! matrimonial interest overriding the banks interest.


Yes, to stop men from using matrimonial homes as collateral without the wife's consent.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
VituVingiSana
#193 Posted : Tuesday, January 21, 2020 1:26:29 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,161
Location: Nairobi
Angelica _ann wrote:
wukan wrote:
VituVingiSana wrote:
Another defaulter https://www.businessdail...684-10j6im0z/index.html but the good news is there's progress in making a recovery.


wow! matrimonial interest overriding the banks interest.


Yes, to stop men from using matrimonial homes as collateral without the wife's consent.
The person on the Title, at the time the loan was taken, should have the right to mortgage the property or offer it as collateral. Wacha they sell the house.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#194 Posted : Tuesday, January 21, 2020 2:06:42 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,691
Location: NAIROBI
VituVingiSana wrote:
Another defaulter https://www.businessdail...684-10j6im0z/index.html but the good news is there's progress in making a recovery.


NIC was reckless in the way it was dishing out loans
VituVingiSana
#195 Posted : Tuesday, January 21, 2020 3:03:46 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,161
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
Another defaulter https://www.businessdail...684-10j6im0z/index.html but the good news is there's progress in making a recovery.


NIC was reckless in the way it was dishing out loans
Did you work for NIC?
Under Gachora, NIC did rather poorly compared to peers like I&M and DTB.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#196 Posted : Tuesday, January 21, 2020 4:41:32 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,691
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Another defaulter https://www.businessdail...684-10j6im0z/index.html but the good news is there's progress in making a recovery.


NIC was reckless in the way it was dishing out loans
Did you work for NIC?
I don't need to work to see NIC every week in loans gone sour such as Kaluworks aka non-performing loans.

Under Gachora, NIC did rather poorly compared to peers like I&M and DTB.

VituVingiSana
#197 Posted : Tuesday, January 21, 2020 5:16:44 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,161
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Another defaulter https://www.businessdail...684-10j6im0z/index.html but the good news is there's progress in making a recovery.


NIC was reckless in the way it was dishing out loans
Did you work for NIC?
I don't need to work to see NIC every week in loans gone sour such as Kaluworks aka non-performing loans.

Under Gachora, NIC did rather poorly compared to peers like I&M and DTB.

Then how did you know they made a large bad loan every week?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#198 Posted : Tuesday, January 21, 2020 6:11:49 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,691
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Another defaulter https://www.businessdail...684-10j6im0z/index.html but the good news is there's progress in making a recovery.


NIC was reckless in the way it was dishing out loans
Did you work for NIC?
I don't need to work to see NIC every week in loans gone sour such as Kaluworks aka non-performing loans.

Under Gachora, NIC did rather poorly compared to peers like I&M and DTB.

Then how did you know they made a large bad loan every week?

Every week we read in the press and social media about a loan deal gone sour and NIC bank was involved.
VituVingiSana
#199 Posted : Tuesday, January 21, 2020 8:19:52 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,161
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Another defaulter https://www.businessdail...684-10j6im0z/index.html but the good news is there's progress in making a recovery.


NIC was reckless in the way it was dishing out loans
Did you work for NIC?
I don't need to work to see NIC every week in loans gone sour such as Kaluworks aka non-performing loans.

Under Gachora, NIC did rather poorly compared to peers like I&M and DTB.

Then how did you know they made a large bad loan every week?

Every week we read in the press and social media about a loan deal gone sour and NIC bank was involved.
That should mean 52 for the past year. I googled but couldn't find 52. Help me out.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Angelica _ann
#200 Posted : Tuesday, January 21, 2020 8:27:58 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,657
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Another defaulter https://www.businessdail...684-10j6im0z/index.html but the good news is there's progress in making a recovery.


NIC was reckless in the way it was dishing out loans
Did you work for NIC?
I don't need to work to see NIC every week in loans gone sour such as Kaluworks aka non-performing loans.

Under Gachora, NIC did rather poorly compared to peers like I&M and DTB.

Then how did you know they made a large bad loan every week?

Every week we read in the press and social media about a loan deal gone sour and NIC bank was involved.
That should mean 52 for the past year. I googled but couldn't find 52. Help me out.


Every Monday Graham Auctioneers & Leakey Stores....... NIC lazima & location is countrywide.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Users browsing this topic
Guest
13 Pages«<89101112>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Home | . .. Investor | .. . Groups | .. . SME | . . . Market | .. . Club SK | . ..... About Wazua | . .. Search | . ..Sitemap | . ..Support | . ..Disclaimer | . ..Privacy Policy | . ..Terms of Use | . .. Contact Us
Copyright © 2020 Wazua.co.ke. All Rights Reserved.