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11 Pages«<91011
Potential merger NIC + CBA
VituVingiSana
#201 Posted : Tuesday, January 21, 2020 9:48:59 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,686
Location: Nairobi
Angelica _ann wrote:
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.
Any different from most other large banks?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
sparkly
#202 Posted : Wednesday, January 22, 2020 6:49:17 PM
Rank: Elder


Joined: 9/23/2009
Posts: 7,543
Location: Enk are Nyirobi
Angelica _ann wrote:
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.


It is normal business for banks to realise collateral through statutory sales. The normal business of banks is:

1. Take deposits from depositors;
2. Lend to borrowers with sufficient collateral;
3. Realize collateral if borrower defaults.

No. 3 is therefore normal business, not unusual occurence.
Life is short. Live passionately.
Angelica _ann
#203 Posted : Thursday, January 23, 2020 11:03:20 AM
Rank: Elder


Joined: 12/7/2012
Posts: 11,163
sparkly wrote:
Angelica _ann wrote:
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.


It is normal business for banks to realise collateral through statutory sales. The normal business of banks is:

1. Take deposits from depositors;
2. Lend to borrowers with sufficient collateral;
3. Realize collateral if borrower defaults.

No. 3 is therefore normal business, not unusual occurence.


What we highlighted is that for NIC, there no. 3 activities is 'higher' than peers in the adverts. Kind of shows an issue or challenge in their lending processes.

Disclaimer: Was inside for so long but left just before the last rights issue. Was tired with 0.25 cents interim & final dividends smile
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
sparkly
#204 Posted : Sunday, January 26, 2020 4:32:32 PM
Rank: Elder


Joined: 9/23/2009
Posts: 7,543
Location: Enk are Nyirobi
Angelica _ann wrote:
sparkly wrote:
Angelica _ann wrote:
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.


It is normal business for banks to realise collateral through statutory sales. The normal business of banks is:

1. Take deposits from depositors;
2. Lend to borrowers with sufficient collateral;
3. Realize collateral if borrower defaults.

No. 3 is therefore normal business, not unusual occurence.


What we highlighted is that for NIC, there no. 3 activities is 'higher' than peers in the adverts. Kind of shows an issue or challenge in their lending processes.

Disclaimer: Was inside for so long but left just before the last rights issue. Was tired with 0.25 cents interim & final dividends smile


- Or maybe more aggressive in recovery. Remember they are heavy on asset finance.

- DY is crap but capital gains ok, as long as your buy in 20-30 range and sell in 40-50 range

Life is short. Live passionately.
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