Bank PHB

[Babs_O]

FG Appeals to Namibia over Bank PHB
From Chinwe Ochu in Abuja, 10.17.2008

The Federal Government has called on the Namibian government to facilitate the granting of operational licence to Platinum-Habib Bank, to commence operations in Namibia.
Minister of State II for Foreign Affairs, Ambassador Bagudu Hirse, made the appeal while on a visit to the Namibian President, Hifikepunye Pohamba, on the commencement of the agreements concluded at the Third Joint Commission Session between Nigeria and Namibia in July 2008.
A press statement released by Ministry of Foreign Affairs, indicate that Hirse informed Pohamba that the Bank would lead other banks in Nigeria and Namibia in financing a refinery plant in Walvis Bay, for the mutual benefits of the two countries.
"The speedy granting of operational licence to Bank PHB in Namibia would hasten the refinery project, as the committee set up could not function without necessary funds, which is expected to be provided by Bank PHB and other banks," Hirse was quoted as saying.
Pohamba, in his response, said he was delighted with the outcome of the recent Third Joint Commission Session and particularly, "on the proposal for the establishment of a refinery plant in Namibia, which when completed, would not only supply its products to Namibia, but to Zimbabwe, Angola, Botswana and South Africa."

[hispy99]

Originally Posted by Babs_O

FG Appeals to Namibia over Bank PHB
From Chinwe Ochu in Abuja, 10.17.2008

The Federal Government has called on the Namibian government to facilitate the granting of operational licence to Platinum-Habib Bank, to commence operations in Namibia.
Minister of State II for Foreign Affairs, Ambassador Bagudu Hirse, made the appeal while on a visit to the Namibian President, Hifikepunye Pohamba, on the commencement of the agreements concluded at the Third Joint Commission Session between Nigeria and Namibia in July 2008.
A press statement released by Ministry of Foreign Affairs, indicate that Hirse informed Pohamba that the Bank would lead other banks in Nigeria and Namibia in financing a refinery plant in Walvis Bay, for the mutual benefits of the two countries.
"The speedy granting of operational licence to Bank PHB in Namibia would hasten the refinery project, as the committee set up could not function without necessary funds, which is expected to be provided by Bank PHB and other banks," Hirse was quoted as saying.
Pohamba, in his response, said he was delighted with the outcome of the recent Third Joint Commission Session and particularly, "on the proposal for the establishment of a refinery plant in Namibia, which when completed, would not only supply its products to Namibia, but to Zimbabwe, Angola, Botswana and South Africa."

So Nigeria does not need refineries? Why does the minister not beg the bank to finance refineries in his own country?

[Babs_O]

Originally Posted by hispy99

So Nigeria does not need refineries? Why does the minister not beg the bank to finance refineries in his own country?

There are many policy issues that may prevent the commercial operations of refineries by any body other than NNPC in Nigeria. That may not be the case in Namibia.

I smell something. Could it be Nigeria is not investor friendly. And that is why our banks are going out to other African countries that have better investment climate but lack Western European interest.

Even if AFC (proposed by Soludo) is cancelled by Yaradua et al. This setback cannot stop the spirit of making things happen in some Nigerians who have now seen other African countries in need of investments as their field of win-win opportunity.

[kokoko]

Will PHB release end of year result for June 2008 or its plans to release 18 months result next year?

[billions]

Originally Posted by kokoko

Will PHB release end of year result for June 2008 or its plans to release 18 months result next year?

I think they have said nothing about it.

[muranay@yahoo.com]

Originally Posted by kokoko

Will PHB release end of year result for June 2008 or its plans to release 18 months result next year?

I just hope all is well with them.

[Michael]

[quote=muranay@yahoo.com;32812]I just hope all is well with them.[/QUOTE]

Platinum Habib Bank Plc
Audited results for the year ended 30 June 2008
2008 2007 Change
Gross Income (N Bn) 87.228 36.162 141.21%
PBT (N Bn) 25.970 10.282 152.58%
PAT (N Bn) 19.580 7.751 152.61%
Div per share 45 kobo
Closure date 17th to 19th November 2008
Payment date 26th November 2008
You Tell me with 45 kobo Dividend , from 97 kobo eps.

[zainabusman]

[quote=Michael;33539]

Originally Posted by muranay@yahoo.com

I just hope all is well with them.[/QUOTE]

Platinum Habib Bank Plc
Audited results for the year ended 30 June 2008
2008 2007 Change
Gross Income (N Bn) 87.228 36.162 141.21%
PBT (N Bn) 25.970 10.282 152.58%
PAT (N Bn) 19.580 7.751 152.61%
Div per share 45 kobo
Closure date 17th to 19th November 2008
Payment date 26th November 2008
You Tell me with 45 kobo Dividend , from 97 kobo eps.

The dividend payout is 46%. The dividend yield is 4.1% at current price. They are better bargains out there.

[billions]

[quote=Michael;33539]

Originally Posted by muranay@yahoo.com

I just hope all is well with them.[/QUOTE]

Platinum Habib Bank Plc
Audited results for the year ended 30 June 2008
2008 2007 Change
Gross Income (N Bn) 87.228 36.162 141.21%
PBT (N Bn) 25.970 10.282 152.58%
PAT (N Bn) 19.580 7.751 152.61%
Div per share 45 kobo
Closure date 17th to 19th November 2008
Payment date 26th November 2008
You Tell me with 45 kobo Dividend , from 97 kobo eps.

45k is small but i think dey only promised 37k dividend in the offer prospectus.

[prince dagbolu]

[quote=billions;33547]

Originally Posted by Michael

45k is small but i think dey only promised 37k dividend in the offer prospectus.

The divided is small. May be they need the cash to complete the takeover of Spring Bank, and protect PHB from the current crunch.

[tonidol]

My BankPHB cert. is yet to be verified. Am l alone?

[nazzyon]

@ Tonidol

We are both in the same shoe.

Gave my Certificate to my broker for about a month + now but no news.

I also called Cashcraft where I have another account but their response was that; it depends on when the Registrar finish working on it.

[BigJay01]

Originally Posted by nazzyon

@ Tonidol

We are both in the same shoe.

Gave my Certificate to my broker for about a month + now but no news.

I also called Cashcraft where I have another account but their response was that; it depends on when the Registrar finish working on it.

1 month and you are complaining !!!, mine was sent since May, yet no show

[tonidol]

Originally Posted by BigJay01

1 month and you are complaining !!!, mine was sent since May, yet no show

What baffles me about BankPHB is that they have credited my CSCS with shares equivalent to my return money which was not returned and have refused to verify my certificate for the actual shares initially alloted to me.

Naija 4 u!!! Naija 4 show!!!

[billions]

They hv verified abt 50% of mine.Initially,it was returned 2 my broker...dat d MD of d stockbroking firm shd confirm that i bought d shares from dem(something like dat).

I was told dat d reason 4 doing dis is dat they dont hv d signatures of all investors on their computer yet.

It took dem abt 4 wks to get d verification done.

[billions]

Bank PHB Assets Exceed N1.038tr
Bank PHB has joined the exclusive list of Nigerian banks with total assets in excess of a trillion naira.

In its financial results for the 12-month period ended June 30, 2008, Bank PHB announced total assets of N1.038 trillion, 172 percent higher than N382 billion in June 2007.

Its total assets plus contingents hit N1.15 trillion, 140 percent more than N479 billion in June 2007.

"Our operations and asset size have expanded steeply. However, we have also been able to match it with the deployment of strong human capital, state of the art IT infrastructure and risk management systems to ensure we continue to deliver value to both our shareholders and customers, said the Managing Director, Francis Atuche"

The steep growth in the Bank PHB's business assets is in line with its above industry growth rate sustained in the last three years since the consolidation in the Nigerian banking industry. Bank PHB is estimated to be growing at about three times above the average growth rate of the Nigerian banking industry.

The high pace growth rate has been hinged by analysts on its operational efficiencies, resource optimization, and superior retail banking strategy which was recently hailed by Renaissance capital, a leading asset management firm in emerging markets, as one of the most well thought out in the Nigerian banking industry.

With its array of innovative retail financial products, Bank PHB was named Nigeria's most innovative bank in 2008.

"We have become the bank of choice for retail customers and on target as a leading retail bank. Our asset diversification strategy has also been on track with a mix of low cost short and long term funds in our portfolio to ensure a sustained and stable incremental earnings stream," said Atuche.