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60 Pages«<585960
KCB buy buy buy
KaunganaDoDo
#1181 Posted : Sunday, June 21, 2020 10:36:24 AM
Rank: Member


Joined: 8/6/2018
Posts: 244
VituVingiSana wrote:
Ericsson wrote:
Laikipia county secures ksh.2bn loan facility from KCB to support SMEs hurt by COVID-19
What's the recourse if counties default?

Public Finance Management Act 2012.... Counties can only borrow with Guarantee of the National Government. This is like a Total Risk Guarantee
obiero
#1182 Posted : Sunday, June 21, 2020 10:50:57 AM
Rank: Elder


Joined: 6/23/2009
Posts: 12,745
Location: nairobi
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
Ericsson wrote:
Laikipia county secures ksh.2bn loan facility from KCB to support SMEs hurt by COVID-19
What's the recourse if counties default?

How can a county government default on commercial debt? No revenue? No central government disbursements? Kuwa serious
Countries default.
What's a county?

A county is an smaller administrative unit, under a national state. Only 1 country has defaulted in recent memory, Greece.. And it picked up
COOP 5,500 ABP12.6; HF 30,000 ABP 5.90; KCB 7,500 ABP 36; KQ 414,100 ABP 7.92
Ericsson
#1183 Posted : Sunday, June 21, 2020 12:37:03 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,531
Location: NAIROBI
obiero wrote:
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
Ericsson wrote:
Laikipia county secures ksh.2bn loan facility from KCB to support SMEs hurt by COVID-19
What's the recourse if counties default?

How can a county government default on commercial debt? No revenue? No central government disbursements? Kuwa serious
Countries default.
What's a county?

A county is an smaller administrative unit, under a national state. Only 1 country has defaulted in recent memory, Greece.. And it picked up


Opportunities KCB is taking to hedge on the covid-19 effects.
VituVingiSana
#1184 Posted : Sunday, June 21, 2020 7:20:21 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,071
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
Ericsson wrote:
Laikipia county secures ksh.2bn loan facility from KCB to support SMEs hurt by COVID-19
What's the recourse if counties default?

How can a county government default on commercial debt? No revenue? No central government disbursements? Kuwa serious
Countries default.
What's a county?

A county is an smaller administrative unit, under a national state. Only 1 country has defaulted in recent memory, Greece.. And it picked up

May 2020: Argentina defaults on bond payments as debt talks heat up
https://www.reuters.com/...ks-heat-up-idUSKBN22Y1TE
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Angelica _ann
#1185 Posted : Sunday, June 21, 2020 7:25:49 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,593
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
[quote=Ericsson]Laikipia county secures ksh.2bn loan facility from KCB to support SMEs hurt by COVID-19
What's the recourse if counties default?

How can a county government default on commercial debt? No revenue? No central government disbursements? Kuwa serious
Countries default.
What's a county?

A county is an smaller administrative unit, under a national state. Only 1 country has defaulted in recent memory, Greece.. And it picked up

May 2020: Argentina defaults on bond payments as debt talks heat up
https://www.reuters.com/...s-heat-up-idUSKBN22Y1TE[/quote]

Even our own CBK last month forced investors holding a maturing 1 year tbill to buy/convert to 6 year bond!!!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Ericsson
#1186 Posted : Thursday, July 02, 2020 9:16:59 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,531
Location: NAIROBI
KCB Bank Kenya acquired Imperial bank Kenya loan book worth ksh.3.2 billion
Ebenyo
#1187 Posted : Thursday, July 02, 2020 11:59:05 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,828
Location: Kitale
Ericsson wrote:
KCB Bank Kenya acquired Imperial bank Kenya loan book worth ksh.3.2 billion



very tiny amount didn't add much.nbk was better than this.
Towards the goal of financial freedom
Ericsson
#1188 Posted : Friday, July 03, 2020 12:10:05 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,531
Location: NAIROBI
Ebenyo wrote:
Ericsson wrote:
KCB Bank Kenya acquired Imperial bank Kenya loan book worth ksh.3.2 billion



very tiny amount didn't add much.nbk was better than this.


Yes that's why NBK acquisition was done by the holding company
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