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Cambridge & Counties Bank


HousePriceMania

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HousePriceMania

Dunno why people are laughing, that's mental.

Council pension funded lending to BTL so council tax payers cant get houses.

 

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sancho panza
2 hours ago, HousePriceMania said:

One for @sancho panza

https://ccbank.co.uk/

 

image.png.be7144366bed726c77c7361a40d3140e.png

 


Here's what the council pension fund is (responsibly) lending into:

 

image.png.35f065562c642b58b458ef2ae827fc5d.png


image.png.988fe3279c322cdf40f89e5b688b4dba.png


you have got to be shitting me 

I always shudder when I ehar about local govt employees(no offence intended) stepping away from overspending tx payers moeny and going into high risk asset finance.

worth noting their quite extreme exposure to Commercial real estate on page 105.....I eman what could go wrong?

https://ccbank.co.uk/wp-content/uploads/2024/05/CCB-_Annual-Report_2023.pdf

profits £30mn on total assets £1.4bn..................equity £200mn

image.thumb.png.881f500ab4b456325015a1e0891d9366.png

 

page 90-91-wow.................stage 3(default stage) doubling yoy to year end 23......

image.png.57dd5bbb159d2560b6d95cb8268c0f7b.png

 

page 93-some steep rises in stage 3's but IM not sure how these are reflected in the page 91 data

 

image.png.40560b59076c7a7221a0615d30e382c3.png

 

page 105-loans by type breakdown.heavily overspexsedo to CRE,asset fiance is way too high imho and classic vehicles i mean wtf?

image.png.fad8b6220c345a3e03739e6cea1d2d07.png

image.png.e2ac4433867d198309fe04fe7e8a02e4.png

page 114-heavy relaince on deposits

image.png.c1564cc158ef12ee882fae4c2e95490c.png

 

Edited by sancho panza
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HousePriceMania

Have a look on the Company and Legal Stuff mate, something is quite wrong here IMHO

 

 

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sancho panza
3 hours ago, HousePriceMania said:

Have a look on the Company and Legal Stuff mate, something is quite wrong here IMHO

 

 

can you be more specific?

 

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HousePriceMania
Just now, sancho panza said:

can you be more specific?

 

There's a thread in the Off Topic name company and legal stuff.

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