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  #161 (permalink)  
Old 15th September 2010, 11:39 AM
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Default re: Enterprise Bank (formerly Spring Bank Plc)
Quote:
Originally Posted by saheewale View Post
N5.2b Fraud: Spring Bank MD Flees, Declared Wanted

N5.2b Fraud: Spring Bank MD Flees, Declared Wanted | P.M. NEWS Nigeria
Criminal Charges against Spring Bank Staff, a Hoax

THISDAY ONLINE / Nigeria news / African views on global news
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  #162 (permalink)  
Old 8th November 2010, 02:02 PM
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Default re: Enterprise Bank (formerly Spring Bank Plc)
THE Nigerian STOCK EXCHANGE
Result Announcement
SPRING BANK PLC
08 November 2010
Unaudited Q3 (September) 2010
Profit and Loss Information
Turnover 10 N18.643b 09 N15.484b Profit Before Tax 10 N3.354b 09 (N28.580b) Taxation 10 (N69.911m) 09 (N58.065m) Profit After Taxation 10 N3.284b 09 (N28.638b)
Balance Sheet Information
Fixed Assets 30-09-10 N7.236b 31-12-09 N7.383b Treasury Bills 10 N24.177b 09 N29.266b Loans And Advances 10 N22.198b 09 N15.902b Cash And Bank Balances 10 N9.209b 09 N6.520b Other Debit Balances 10 N138.228b 09 N87.240b Deposits 10 N189.986b 09 N142.697b Other Credit Balances 10 N101.716b 09 N97.553b Net Assets 10 N201.049b 09 N146.313b
Corporate Actions
Proposed Dividend
Nil
Proposed Bonus
Nil
Payment Date
Nil
Closure Date
Nil
AGM Date
Nil
AGM Venue
Nil
Notes


How did this bank move from a negative net assets position of (91.628b) in Q2 to a positive net assets of N201.049b in Q3. Do they have their own Madam returning all that money?
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  #163 (permalink)  
Old 8th November 2010, 02:15 PM
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Default re: Enterprise Bank (formerly Spring Bank Plc)
Quote:
Originally Posted by manemi View Post
THE Nigerian STOCK EXCHANGE
Result Announcement
SPRING BANK PLC
08 November 2010
Unaudited Q3 (September) 2010
Profit and Loss Information
Turnover 10 N18.643b 09 N15.484b Profit Before Tax 10 N3.354b 09 (N28.580b) Taxation 10 (N69.911m) 09 (N58.065m) Profit After Taxation 10 N3.284b 09 (N28.638b)
Balance Sheet Information
Fixed Assets 30-09-10 N7.236b 31-12-09 N7.383b Treasury Bills 10 N24.177b 09 N29.266b Loans And Advances 10 N22.198b 09 N15.902b Cash And Bank Balances 10 N9.209b 09 N6.520b Other Debit Balances 10 N138.228b 09 N87.240b Deposits 10 N189.986b 09 N142.697b Other Credit Balances 10 N101.716b 09 N97.553b Net Assets 10 N201.049b 09 N146.313b
Corporate Actions
Proposed Dividend
Nil
Proposed Bonus
Nil
Payment Date
Nil
Closure Date
Nil
AGM Date
Nil
AGM Venue
Nil
Notes


How did this bank move from a negative net assets position of (91.628b) in Q2 to a positive net assets of N201.049b in Q3. Do they have their own Madam returning all that money?
They are doing magic like Finbank...
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  #164 (permalink)  
Old 8th November 2010, 04:46 PM
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Default re: Enterprise Bank (formerly Spring Bank Plc)
Quote:
Originally Posted by manemi View Post
THE Nigerian STOCK EXCHANGE
Result Announcement
SPRING BANK PLC
08 November 2010
Unaudited Q3 (September) 2010
Profit and Loss Information
Turnover 10 N18.643b 09 N15.484b Profit Before Tax 10 N3.354b 09 (N28.580b) Taxation 10 (N69.911m) 09 (N58.065m) Profit After Taxation 10 N3.284b 09 (N28.638b)
Balance Sheet Information
Fixed Assets 30-09-10 N7.236b 31-12-09 N7.383b Treasury Bills 10 N24.177b 09 N29.266b Loans And Advances 10 N22.198b 09 N15.902b Cash And Bank Balances 10 N9.209b 09 N6.520b Other Debit Balances 10 N138.228b 09 N87.240b Deposits 10 N189.986b 09 N142.697b Other Credit Balances 10 N101.716b 09 N97.553b Net Assets 10 N201.049b 09 N146.313b
Corporate Actions
Proposed Dividend
Nil
Proposed Bonus
Nil
Payment Date
Nil
Closure Date
Nil
AGM Date
Nil
AGM Venue
Nil
Notes


How did this bank move from a negative net assets position of (91.628b) in Q2 to a positive net assets of N201.049b in Q3. Do they have their own Madam returning all that money?

Quote:
Originally Posted by knightofdelta View Post
They are doing magic like Finbank...
These sequence are very funny, one bank loose big money it becomes a competetion of losses and when there is profit, it becomes a series of prifits. my concern now is that willy willy result should not lead us to being trapped again.
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  #165 (permalink)  
Old 23rd January 2011, 09:23 AM
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Default re: Enterprise Bank (formerly Spring Bank Plc)
Does anyone know what is driving this stock up? Since the beginning of the year, even when the bears give the bulls a temporary knockout, the stock continues to record price gains....
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  #166 (permalink)  
Old 23rd January 2011, 10:28 AM
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Default re: Enterprise Bank (formerly Spring Bank Plc)
Quote:
Originally Posted by Salida View Post
Does anyone know what is driving this stock up? Since the beginning of the year, even when the bears give the bulls a temporary knockout, the stock continues to record price gains....
1. AMCON effect.
2. Expectation from the ongoing TURNAROUND of SLS banks.
3. Market sentiment towards banking stocks
4. The books are drifting towards the positive zone(net asset etc),in all SLS banks
5. Most of the SLS banks have enjoyed patronage for a while,guess its time sping is dragged along in the bullish run.
and so on ,and so forth.
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  #167 (permalink)  
Old 10th June 2011, 01:26 PM
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Default re: Enterprise Bank (formerly Spring Bank Plc)
Spring bank posts N6.1b as PAT for Dec 31st 2010 Year end.
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  #168 (permalink)  
Old 14th June 2011, 05:08 PM
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Default re: Enterprise Bank (formerly Spring Bank Plc)
Nigeria's Spring Bank in talks with India's ICICI | News by Country | Reuters
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  #169 (permalink)  
Old 15th June 2011, 09:05 AM
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Default re: Enterprise Bank (formerly Spring Bank Plc)
Banks? recapitalisation gets relief as court cases are quashed
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  #170 (permalink)  
Old 17th June 2011, 11:44 AM
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Default re: Enterprise Bank (formerly Spring Bank Plc)
As I suspected:

India's ICICI says no talks with Nigeria's Spring Bnk | Reuters

Why do we Nigerians peddle such crap all the time? Are these potential suitors to SPring Bank credible?
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  #171 (permalink)  
Old 6th July 2011, 06:43 AM
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Default re: Enterprise Bank (formerly Spring Bank Plc)
Spring Bank’s recapitalisation

http://www.punchng.com/Articl.aspx?t...01107062194735
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  #172 (permalink)  
Old 22nd July 2011, 02:44 PM
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Default re: Enterprise Bank (formerly Spring Bank Plc)
Global Emerging Markets set to acquire Spring Bank
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  #173 (permalink)  
Old 26th July 2011, 03:02 AM
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Default re: Enterprise Bank (formerly Spring Bank Plc)
Quote:
Originally Posted by Salida View Post
Correction and clarification
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  #174 (permalink)  
Old 7th August 2011, 05:38 AM
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Default re: Enterprise Bank (formerly Spring Bank Plc)
Springbank Manager Stabbed To Death
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  #175 (permalink)  
Old 24th August 2011, 02:53 AM
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Enterprise Bank Team Visits Governor Obi, Articles | THISDAY LIVE
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  #176 (permalink)  
Old 21st November 2011, 05:51 AM
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Default Re: Enterprise Bank (formerly Spring Bank Plc)
Enterprise Bank Set For Cashless System In Lagos | Leadership Newspapers
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  #177 (permalink)  
Old 29th November 2011, 01:46 AM
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Default Re: Enterprise Bank (formerly Spring Bank Plc)
Enterprise Bank appointed collecting bank for FIRS
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  #178 (permalink)  
Old 20th January 2012, 03:41 AM
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Default Re: Enterprise Bank (formerly Spring Bank Plc)
Spring Life Insurance in more trouble over capitalisation, MD resigns
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  #179 (permalink)  
Old 29th January 2012, 03:58 AM
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Default Re: Enterprise Bank (formerly Spring Bank Plc)
Enterprise Bank Staff Kick Against Salary Cuts, Articles | THISDAY LIVE
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  #180 (permalink)  
Old 20th August 2012, 02:30 AM
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‘We Want to Deliver an Efficient, Technology-driven Institution’, Articles | THISDAY LIVE
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