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135 Pages«<133134135
Law Capping interest rates
mamilli
#2681 Posted : Thursday, September 20, 2018 8:53:12 AM
Rank: Member


Joined: 10/6/2015
Posts: 152
Location: Nairobi
aemathenge wrote:
Copy and Paste Extract:

Quote:
Hope for banks as Rotich says interest cap will be revisited

National Treasury Cabinet Secretary Henry Rotich has announced that the government is planning to “revisit” the interest rate capping law in a move that he argues will support economic growth by reviving lending to the private sector.

If introduced and adopted by the National Assembly, the changes to the Banking Act will boost the profitability of banks.


https://www.nation.co.ke...67642-3lt8qs/index.html


Word...
https://www.businessdail...68006-amgyq4/index.html
The Bitcoin standard
mlennyma
#2682 Posted : Thursday, September 20, 2018 11:14:34 AM
Rank: Elder


Joined: 7/21/2010
Posts: 5,872
Location: nairobi
mamilli wrote:
aemathenge wrote:
Copy and Paste Extract:

Quote:
Hope for banks as Rotich says interest cap will be revisited

National Treasury Cabinet Secretary Henry Rotich has announced that the government is planning to “revisit” the interest rate capping law in a move that he argues will support economic growth by reviving lending to the private sector.

If introduced and adopted by the National Assembly, the changes to the Banking Act will boost the profitability of banks.


https://www.nation.co.ke...67642-3lt8qs/index.html


Word...
https://www.businessdail...68006-amgyq4/index.html

Parliament is proving to dance to the tunes of party owners .No principles
"Don't let the fear of losing be greater than the excitement of winning."
wukan
#2683 Posted : Thursday, September 20, 2018 11:58:28 AM
Rank: Veteran


Joined: 11/13/2015
Posts: 902
aemathenge wrote:
Copy and Paste Extract:

Quote:
Hope for banks as Rotich says interest cap will be revisited

National Treasury Cabinet Secretary Henry Rotich has announced that the government is planning to “revisit” the interest rate capping law in a move that he argues will support economic growth by reviving lending to the private sector.

If introduced and adopted by the National Assembly, the changes to the Banking Act will boost the profitability of banks.


https://www.nation.co.ke...67642-3lt8qs/index.html


Stop listening to people in ivory towers and prepare for the hard landing....smile

Quote:
Judging by what has happened in the past few days, one can only conclude that an appropriate macroeconomic policy mix — of easier monetary policy (low real interest rates on average) and tighter fiscal stance (austerity) — is now taking shape in Kenya.

Unfortunately, the tightened Sh2.97 trillion Supplementary Budget Estimates are only coming after we have screamed ourselves hoarse on monetary policy (interest rates – the cap, reserves), and fiscal policy (fiscal deficit, borrowing, spending, VAT and the navel-gazing at an umpire called IMF).
https://www.businessdail...7798-7nlocpz/index.html

obiero
#2684 Posted : Thursday, September 20, 2018 5:19:16 PM
Rank: Elder


Joined: 6/23/2009
Posts: 10,937
Location: nairobi
wukan wrote:
aemathenge wrote:
Copy and Paste Extract:

Quote:
Hope for banks as Rotich says interest cap will be revisited

National Treasury Cabinet Secretary Henry Rotich has announced that the government is planning to “revisit” the interest rate capping law in a move that he argues will support economic growth by reviving lending to the private sector.

If introduced and adopted by the National Assembly, the changes to the Banking Act will boost the profitability of banks.


https://www.nation.co.ke...67642-3lt8qs/index.html


Stop listening to people in ivory towers and prepare for the hard landing....smile

Quote:
Judging by what has happened in the past few days, one can only conclude that an appropriate macroeconomic policy mix — of easier monetary policy (low real interest rates on average) and tighter fiscal stance (austerity) — is now taking shape in Kenya.

Unfortunately, the tightened Sh2.97 trillion Supplementary Budget Estimates are only coming after we have screamed ourselves hoarse on monetary policy (interest rates – the cap, reserves), and fiscal policy (fiscal deficit, borrowing, spending, VAT and the navel-gazing at an umpire called IMF).
https://www.businessdail...7798-7nlocpz/index.html


Thank heavens that the presidential memo has been supported.. Its better that we be hit with the tax hikes than grind to a halt as a nation
DISCLAIMER: @obiero, MBA-MIS, CISA. Opinionated, owner of www.winda.co.ke. Aims to be factual
lochaz-index
#2685 Posted : Thursday, September 20, 2018 8:33:31 PM
Rank: Veteran


Joined: 9/18/2014
Posts: 929
obiero wrote:
wukan wrote:
aemathenge wrote:
Copy and Paste Extract:

Quote:
Hope for banks as Rotich says interest cap will be revisited

National Treasury Cabinet Secretary Henry Rotich has announced that the government is planning to “revisit” the interest rate capping law in a move that he argues will support economic growth by reviving lending to the private sector.

If introduced and adopted by the National Assembly, the changes to the Banking Act will boost the profitability of banks.


https://www.nation.co.ke...67642-3lt8qs/index.html


Stop listening to people in ivory towers and prepare for the hard landing....smile

Quote:
Judging by what has happened in the past few days, one can only conclude that an appropriate macroeconomic policy mix — of easier monetary policy (low real interest rates on average) and tighter fiscal stance (austerity) — is now taking shape in Kenya.

Unfortunately, the tightened Sh2.97 trillion Supplementary Budget Estimates are only coming after we have screamed ourselves hoarse on monetary policy (interest rates – the cap, reserves), and fiscal policy (fiscal deficit, borrowing, spending, VAT and the navel-gazing at an umpire called IMF).
https://www.businessdail...7798-7nlocpz/index.html


Thank heavens that the presidential memo has been supported.. Its better that we be hit with the tax hikes than grind to a halt as a nation

Have you considered that tax hikes do not necessarily lead to an increase in revenue to fund the ever expansionary fiscal policy? It may very well lead to the halt you allude to. What is happening is the equivalent of killing/hacking to bits/starving the goose that lays the golden egg.
The main purpose of the stock market is to make fools of as many people as possible.
lochaz-index
#2686 Posted : Thursday, September 20, 2018 8:50:38 PM
Rank: Veteran


Joined: 9/18/2014
Posts: 929
wukan wrote:
aemathenge wrote:
Copy and Paste Extract:

Quote:
Hope for banks as Rotich says interest cap will be revisited

National Treasury Cabinet Secretary Henry Rotich has announced that the government is planning to “revisit” the interest rate capping law in a move that he argues will support economic growth by reviving lending to the private sector.

If introduced and adopted by the National Assembly, the changes to the Banking Act will boost the profitability of banks.


https://www.nation.co.ke...67642-3lt8qs/index.html


Stop listening to people in ivory towers and prepare for the hard landing....smile

Quote:
Judging by what has happened in the past few days, one can only conclude that an appropriate macroeconomic policy mix — of easier monetary policy (low real interest rates on average) and tighter fiscal stance (austerity) — is now taking shape in Kenya.

Unfortunately, the tightened Sh2.97 trillion Supplementary Budget Estimates are only coming after we have screamed ourselves hoarse on monetary policy (interest rates – the cap, reserves), and fiscal policy (fiscal deficit, borrowing, spending, VAT and the navel-gazing at an umpire called IMF).
https://www.businessdail...7798-7nlocpz/index.html


GoK simply doesn't intend to make the necessary adjustments both on the fiscal end (austerity) and the monetary side(remove the shackle called rate cap) to ensure the boat is able to navigate choppy waters ahead. With demand inflation having tapped out (partly thanks to a private sector recession/credit freeze), a rigid interest rate regime (which has helped the government to maintain its copious appetite for debt but at a very steep price that will be paid later) that leaves the KES as the only adjustment mechanism. That implies devaluation is a certainty. Heck, the market could help it on its way.
The main purpose of the stock market is to make fools of as many people as possible.
obiero
#2687 Posted : Thursday, September 20, 2018 8:53:28 PM
Rank: Elder


Joined: 6/23/2009
Posts: 10,937
Location: nairobi
lochaz-index wrote:
obiero wrote:
wukan wrote:
aemathenge wrote:
Copy and Paste Extract:

Quote:
Hope for banks as Rotich says interest cap will be revisited

National Treasury Cabinet Secretary Henry Rotich has announced that the government is planning to “revisit” the interest rate capping law in a move that he argues will support economic growth by reviving lending to the private sector.

If introduced and adopted by the National Assembly, the changes to the Banking Act will boost the profitability of banks.


https://www.nation.co.ke...67642-3lt8qs/index.html


Stop listening to people in ivory towers and prepare for the hard landing....smile

Quote:
Judging by what has happened in the past few days, one can only conclude that an appropriate macroeconomic policy mix — of easier monetary policy (low real interest rates on average) and tighter fiscal stance (austerity) — is now taking shape in Kenya.

Unfortunately, the tightened Sh2.97 trillion Supplementary Budget Estimates are only coming after we have screamed ourselves hoarse on monetary policy (interest rates – the cap, reserves), and fiscal policy (fiscal deficit, borrowing, spending, VAT and the navel-gazing at an umpire called IMF).
https://www.businessdail...7798-7nlocpz/index.html


Thank heavens that the presidential memo has been supported.. Its better that we be hit with the tax hikes than grind to a halt as a nation

Have you considered that tax hikes do not necessarily lead to an increase in revenue to fund the ever expansionary fiscal policy? It may very well lead to the halt you allude to.

I'm on a different school of thought that guides me to believe that without the hikes government wouldn't be able to sustain itself
DISCLAIMER: @obiero, MBA-MIS, CISA. Opinionated, owner of www.winda.co.ke. Aims to be factual
lochaz-index
#2688 Posted : Thursday, September 20, 2018 9:03:43 PM
Rank: Veteran


Joined: 9/18/2014
Posts: 929
obiero wrote:
lochaz-index wrote:
obiero wrote:
wukan wrote:
aemathenge wrote:
Copy and Paste Extract:

Quote:
Hope for banks as Rotich says interest cap will be revisited

National Treasury Cabinet Secretary Henry Rotich has announced that the government is planning to “revisit” the interest rate capping law in a move that he argues will support economic growth by reviving lending to the private sector.

If introduced and adopted by the National Assembly, the changes to the Banking Act will boost the profitability of banks.


https://www.nation.co.ke...67642-3lt8qs/index.html


Stop listening to people in ivory towers and prepare for the hard landing....smile

Quote:
Judging by what has happened in the past few days, one can only conclude that an appropriate macroeconomic policy mix — of easier monetary policy (low real interest rates on average) and tighter fiscal stance (austerity) — is now taking shape in Kenya.

Unfortunately, the tightened Sh2.97 trillion Supplementary Budget Estimates are only coming after we have screamed ourselves hoarse on monetary policy (interest rates – the cap, reserves), and fiscal policy (fiscal deficit, borrowing, spending, VAT and the navel-gazing at an umpire called IMF).
https://www.businessdail...7798-7nlocpz/index.html


Thank heavens that the presidential memo has been supported.. Its better that we be hit with the tax hikes than grind to a halt as a nation

Have you considered that tax hikes do not necessarily lead to an increase in revenue to fund the ever expansionary fiscal policy? It may very well lead to the halt you allude to.

I'm on a different school of thought that guides me to believe that without the hikes government wouldn't be able to sustain itself

The situation KE finds itself is not the realm of school of thoughts. It is pretty straightforward: if fiscal consolidation doesn't happen hard and fast, the economy will suffer for a long time. That means even the revenue KRA is collecting (inclusive of monies from tax hikes) will keep shrinking year on year.
The main purpose of the stock market is to make fools of as many people as possible.
obiero
#2689 Posted : Wednesday, September 26, 2018 5:54:23 AM
Rank: Elder


Joined: 6/23/2009
Posts: 10,937
Location: nairobi
lochaz-index wrote:
obiero wrote:
lochaz-index wrote:
obiero wrote:
wukan wrote:
aemathenge wrote:
Copy and Paste Extract:

Quote:
Hope for banks as Rotich says interest cap will be revisited

National Treasury Cabinet Secretary Henry Rotich has announced that the government is planning to “revisit” the interest rate capping law in a move that he argues will support economic growth by reviving lending to the private sector.

If introduced and adopted by the National Assembly, the changes to the Banking Act will boost the profitability of banks.


https://www.nation.co.ke...67642-3lt8qs/index.html


Stop listening to people in ivory towers and prepare for the hard landing....smile

Quote:
Judging by what has happened in the past few days, one can only conclude that an appropriate macroeconomic policy mix — of easier monetary policy (low real interest rates on average) and tighter fiscal stance (austerity) — is now taking shape in Kenya.

Unfortunately, the tightened Sh2.97 trillion Supplementary Budget Estimates are only coming after we have screamed ourselves hoarse on monetary policy (interest rates – the cap, reserves), and fiscal policy (fiscal deficit, borrowing, spending, VAT and the navel-gazing at an umpire called IMF).
https://www.businessdail...7798-7nlocpz/index.html


Thank heavens that the presidential memo has been supported.. Its better that we be hit with the tax hikes than grind to a halt as a nation

Have you considered that tax hikes do not necessarily lead to an increase in revenue to fund the ever expansionary fiscal policy? It may very well lead to the halt you allude to.

I'm on a different school of thought that guides me to believe that without the hikes government wouldn't be able to sustain itself

The situation KE finds itself is not the realm of school of thoughts. It is pretty straightforward: if fiscal consolidation doesn't happen hard and fast, the economy will suffer for a long time. That means even the revenue KRA is collecting (inclusive of monies from tax hikes) will keep shrinking year on year.

Only PAYE would drastically reduce due to job cuts.. However, SME and manufacturing are likely to continue as it's not anticipated that the guys who lose jobs will leave the country.. They will seek a living, probably as a small scale trader
DISCLAIMER: @obiero, MBA-MIS, CISA. Opinionated, owner of www.winda.co.ke. Aims to be factual
obiero
#2690 Posted : Wednesday, September 26, 2018 5:58:37 AM
Rank: Elder


Joined: 6/23/2009
Posts: 10,937
Location: nairobi
obiero wrote:
Ericsson wrote:
obiero wrote:
obiero wrote:
obiero wrote:
Spikes wrote:
obiero wrote:
mlennyma wrote:
obiero wrote:
murchr wrote:
obiero wrote:
Angelica _ann wrote:
murchr wrote:


Wow KCB headed to 70bob!!!


Kenya Govt and the People of Kenya are distinct


Layman English please

The law won’t be reversed


to repeal is to abolish/anull a law or an act of parliament. .prophet obiero you mean this word was used wrongly ?

I mean that it was a political response to IMF that will not garner real political support in the House. To repeal it cannot be via twitter feeds, this thing is hardcoded in wanjiku who prefers no debt to the mercinary rates that were being bandied by Kenyan banks


It should be mercenary. The problem emanates from attending shithole schools where a young bugger used to receive instructions under a tree inside squalid makeshift structures.

It was written.. MPs will not support the amendment via orders from above!

Anyone still waiting for a repeal? Bank margins continue being squeezed via the main income line being lending.. It's not easy for the Kenyan financial industry right now. Expect more consolidation

Watch and learn. No MP will risk loosing the next term https://www.businessdail...1546-ki208bz/index.html


I think the opposite will happen,the bill to repeal/ammend the interest rates cap law will sail through

Already the signs are ominous.. Talk to your legislative friends, if you have any

The rate cap is here to stay.. Remember DP said he needs single digit lending rates, an idea Raila believes in too..
DISCLAIMER: @obiero, MBA-MIS, CISA. Opinionated, owner of www.winda.co.ke. Aims to be factual
maka
#2691 Posted : Wednesday, September 26, 2018 6:33:55 AM
Rank: Elder


Joined: 4/22/2010
Posts: 10,804
Location: Nairobi
obiero wrote:
obiero wrote:
Ericsson wrote:
obiero wrote:
obiero wrote:
obiero wrote:
Spikes wrote:
obiero wrote:
mlennyma wrote:
obiero wrote:
murchr wrote:
obiero wrote:
Angelica _ann wrote:
murchr wrote:


Wow KCB headed to 70bob!!!


Kenya Govt and the People of Kenya are distinct


Layman English please

The law won’t be reversed


to repeal is to abolish/anull a law or an act of parliament. .prophet obiero you mean this word was used wrongly ?

I mean that it was a political response to IMF that will not garner real political support in the House. To repeal it cannot be via twitter feeds, this thing is hardcoded in wanjiku who prefers no debt to the mercinary rates that were being bandied by Kenyan banks


It should be mercenary. The problem emanates from attending shithole schools where a young bugger used to receive instructions under a tree inside squalid makeshift structures.

It was written.. MPs will not support the amendment via orders from above!

Anyone still waiting for a repeal? Bank margins continue being squeezed via the main income line being lending.. It's not easy for the Kenyan financial industry right now. Expect more consolidation

Watch and learn. No MP will risk loosing the next term https://www.businessdail...1546-ki208bz/index.html


I think the opposite will happen,the bill to repeal/ammend the interest rates cap law will sail through

Already the signs are ominous.. Talk to your legislative friends, if you have any

The rate cap is here to stay.. Remember DP said he needs single digit lending rates, an idea Raila believes in too..


The government cannot afford higher rates...
possunt quia posse videntur
wukan
#2692 Posted : Tuesday, October 23, 2018 11:19:34 AM
Rank: Veteran


Joined: 11/13/2015
Posts: 902
This is where the capping interest rates has landed usSad

Quote:
The popularity of Shylock dens in Nairobi is usually fueled by lengthy and tiring procedures in obtaining a loan from mainstream financial institutions. But, thanks to the advent of mobile banking, formal banks have also lunged into shylocking eyeing the good returns in this niche market. They have since unveiled a number products targeting this growing market segment. For commercial banks, there is M-Shwari, sponsored by Kenya Commercial Bank, KCB M-Pesa in partnership with Safaricom and M-Co-op Cash managed by Cooperative Bank and Timiza by Barclays Bank- all targeting this lucrative informal market.
Read more at: https://www.standardmedi...a-s-new-shylock-economy


Quote:
According to the Central Bank Financial Market Stability report, as at March 2017, the volume of new mobile loans approved monthly by commercial banks had increased by 53 per cent, while the value of new mobile loans approved monthly increased by 81 per cent.
Angelica _ann
#2693 Posted : Tuesday, October 23, 2018 11:41:11 AM
Rank: Elder


Joined: 12/7/2012
Posts: 9,714
wukan wrote:
This is where the capping interest rates has landed usSad

Quote:
The popularity of Shylock dens in Nairobi is usually fueled by lengthy and tiring procedures in obtaining a loan from mainstream financial institutions. But, thanks to the advent of mobile banking, formal banks have also lunged into shylocking eyeing the good returns in this niche market. They have since unveiled a number products targeting this growing market segment. For commercial banks, there is M-Shwari, sponsored by Kenya Commercial Bank, KCB M-Pesa in partnership with Safaricom and M-Co-op Cash managed by Cooperative Bank and Timiza by Barclays Bank- all targeting this lucrative informal market.
Read more at: https://www.standardmedi...a-s-new-shylock-economy


Quote:
According to the Central Bank Financial Market Stability report, as at March 2017, the volume of new mobile loans approved monthly by commercial banks had increased by 53 per cent, while the value of new mobile loans approved monthly increased by 81 per cent.


I wonder why Equity Bank has been left behind in this lucrative market?
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
lochaz-index
#2694 Posted : Tuesday, October 23, 2018 12:11:34 PM
Rank: Veteran


Joined: 9/18/2014
Posts: 929
wukan wrote:
This is where the capping interest rates has landed usSad

Quote:
The popularity of Shylock dens in Nairobi is usually fueled by lengthy and tiring procedures in obtaining a loan from mainstream financial institutions. But, thanks to the advent of mobile banking, formal banks have also lunged into shylocking eyeing the good returns in this niche market. They have since unveiled a number products targeting this growing market segment. For commercial banks, there is M-Shwari, sponsored by Kenya Commercial Bank, KCB M-Pesa in partnership with Safaricom and M-Co-op Cash managed by Cooperative Bank and Timiza by Barclays Bank- all targeting this lucrative informal market.
Read more at: https://www.standardmedi...a-s-new-shylock-economy


Quote:
According to the Central Bank Financial Market Stability report, as at March 2017, the volume of new mobile loans approved monthly by commercial banks had increased by 53 per cent, while the value of new mobile loans approved monthly increased by 81 per cent.

Cost of money aka interest rates has increased substantially since the advent of the caps. The big beneficiary has been GoK and at the expense of the private sector thereby increasing the crowding out effect as the latter was already sickly from poor macros. Waiting for this to show up in the NPLs column and illiquidity of banks balance sheets.
The main purpose of the stock market is to make fools of as many people as possible.
Ericsson
#2695 Posted : Tuesday, October 23, 2018 12:16:26 PM
Rank: Elder


Joined: 12/4/2009
Posts: 5,880
Location: NAIROBI
lochaz-index wrote:
wukan wrote:
This is where the capping interest rates has landed usSad

Quote:
The popularity of Shylock dens in Nairobi is usually fueled by lengthy and tiring procedures in obtaining a loan from mainstream financial institutions. But, thanks to the advent of mobile banking, formal banks have also lunged into shylocking eyeing the good returns in this niche market. They have since unveiled a number products targeting this growing market segment. For commercial banks, there is M-Shwari, sponsored by Kenya Commercial Bank, KCB M-Pesa in partnership with Safaricom and M-Co-op Cash managed by Cooperative Bank and Timiza by Barclays Bank- all targeting this lucrative informal market.
Read more at: https://www.standardmedi...a-s-new-shylock-economy


Quote:
According to the Central Bank Financial Market Stability report, as at March 2017, the volume of new mobile loans approved monthly by commercial banks had increased by 53 per cent, while the value of new mobile loans approved monthly increased by 81 per cent.

Cost of money aka interest rates has increased substantially since the advent of the caps. The big beneficiary has been GoK and at the expense of the private sector thereby increasing the crowding out effect as the latter was already sickly from poor macros. Waiting for this to show up in the NPLs column and illiquidity of banks balance sheets.


Biggest beneficiary in terms of cheap loans.
Loser also because of slow growth/reduced tax collection
obiero
#2696 Posted : Wednesday, December 05, 2018 8:41:26 PM
Rank: Elder


Joined: 6/23/2009
Posts: 10,937
Location: nairobi
obiero wrote:
whiteowl wrote:
obiero wrote:
obiero wrote:
obiero wrote:
obiero wrote:
obiero wrote:
obiero wrote:
sparkly wrote:
obiero wrote:
MaichBlack wrote:
Ebenyo wrote:
obiero wrote:
I told you guys to sell off bank stocks in 2014. Luckily made it out of some major holdings in good time..


but a big percent of your portfolio is still in banks!

so, what do you expect to be a fair hair cut on obieros portfolio as a result of kamwanaas house attempt to please Wanjiku. what will be the overall industries' hit in percentage. my fair guess from my lender's perspective
(16-14.5)/(16*0.5)*100=18.75% conservetively
thieves.

COOP & HF will come out strongest in this.. Too little meat to be bitten out from the two. Plus HF has never been strong on deposits being only licensed to have current accounts a few months ago!! HF will have the least interest expense of all listed lenders

Hey @Obiero. Bill not signed. And please note I did not put the word 'yet' at the end.

Its bound to be signed on Monday 29th Aug 2016


The bankers will visit statehouse with big brown envelop and this story will be forgotten.

Smaller banks will fold

Here we are...
Family fires it's staff https://citizentv.co.ke/...fs-to-cut-costs-143841/
and then Sidian lays off 108 workers http://www.businessdaily...9550-3428588-151f209z/,
then Ecobank collapses 9 branches http://www.businessdaily...6506-316lohz/index.html
First Community Bank let go of a quarter of its staff http://www.the-star.co.k...osed-number-of_c1451638
And now BoA closes 12 branches. Sad state of affairs http://www.businessdaily...2926-jp394sz/index.html

Sidian, NBK, Family, HF, NIC struggling.. Small banks shall fold

The goose is cooked for NBK


NBK has 9 lives,it was supposed to go down even before Dubai bank but its still standing.

@whiteowl NBK in its current form and shape cannot survive.. It must be absorbed by a real bank. Smaller banks must close shop unless the caps are reversed http://www.nation.co.ke/...9774-14pykoy/index.html

Boom boom pow. Small banks have nowhere to turn
DISCLAIMER: @obiero, MBA-MIS, CISA. Opinionated, owner of www.winda.co.ke. Aims to be factual
obiero
#2697 Posted : Thursday, December 06, 2018 6:37:51 PM
Rank: Elder


Joined: 6/23/2009
Posts: 10,937
Location: nairobi
I&M eats up GIRO, DTB eats up HABIB, ABSA eats up BBK, SBM eats up CHASE, CBA wants to eat NIC, KCB wants to eat NBK.. We live in interesting times. No small bank shall remain standing without massive disruption of established norms
DISCLAIMER: @obiero, MBA-MIS, CISA. Opinionated, owner of www.winda.co.ke. Aims to be factual
penkon
#2698 Posted : Thursday, December 06, 2018 9:16:42 PM
Rank: New-farer


Joined: 3/12/2014
Posts: 94
obiero wrote:
I&M eats up GIRO, DTB eats up HABIB, ABSA eats up BBK, SBM eats up CHASE, CBA wants to eat NIC, KCB wants to eat NBK.. We live in interesting times. No small bank shall remain standing without massive disruption of established norms


small banks serve their cronies not even their staff are accorded quality loans
obiero
#2699 Posted : Thursday, December 06, 2018 9:21:48 PM
Rank: Elder


Joined: 6/23/2009
Posts: 10,937
Location: nairobi
penkon wrote:
obiero wrote:
I&M eats up GIRO, DTB eats up HABIB, ABSA eats up BBK, SBM eats up CHASE, CBA wants to eat NIC, KCB wants to eat NBK.. We live in interesting times. No small bank shall remain standing without massive disruption of established norms


small banks serve their cronies not even their staff are accorded quality loans

A dark underworld.. Remember Imperial?
DISCLAIMER: @obiero, MBA-MIS, CISA. Opinionated, owner of www.winda.co.ke. Aims to be factual
chauhanmohit
#2700 Posted : Monday, December 10, 2018 3:06:02 PM
Rank: Hello


Joined: 12/4/2018
Posts: 7
Impunity wrote:
The Banking cartles and CBK have ganged up against the biol, very sad day.
Where in the world do commercial banks makes 30 billion profits and pay 1.5% pa interest on deposits?
Its only invetsment banks which can make such weird profits since most of them are actually pyranid schemes and cons...they quicly derate a country from AA+ to say C in a midnight then go behind door and buy the falling goverment papers in that same country, then after a year or two, they would elevate the country from C to A+, sell the papers and go home laughing.

For commercial banks like KCB and Equity, this is not their core buisness, so how how they manage those billion-profits is a mystery.


Thank you for being so informative!!!
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