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37 Pages<1234>»
Chase Bank loss...another case of cooking the books?
whiteowl
#21 Posted : Thursday, March 31, 2016 6:15:16 PM
Rank: Veteran


Joined: 4/16/2014
Posts: 1,175
Location: Bohemian Grove
enyands wrote:
Ericsson wrote:
Dr Opus Dei Patrick Njoroge is not joking.
Some banks will close down or be acquired by the big ones.
Oigara has been quoted as saying KCB is looking for an acquisition locally



I love this guy. We need such people in this country . Problem is that and i said before , he will step on some mafias and they will fire him. That's the day I'll know for sure the country has gone to the dogs .let's have a fair play where everyone is honest and play by the same rule . I think he should also come down on this bank called CREDIT BANK before it's sold to innocent diaspora .


The FEP brigade buying Credit Bank is already cooked.That's like Kuwritu acquiring Home Africa.
MaichBlack
#22 Posted : Thursday, March 31, 2016 9:37:52 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,112
enyands wrote:
Ericsson wrote:
Dr Opus Dei Patrick Njoroge is not joking.
Some banks will close down or be acquired by the big ones.
Oigara has been quoted as saying KCB is looking for an acquisition locally



I love this guy. We need such people in this country . Problem is that and i said before , he will step on some mafias and they will fire him. That's the day I'll know for sure the country has gone to the dogs .let's have a fair play where everyone is honest and play by the same rule . I think he should also come down on this bank called CREDIT BANK before it's sold to innocent diaspora .

Dr. Opus Dei hapana machezo!!! He needs to be among the three best guarded Kenyans!!!

The Mafia might decide to use the old Kanu tactics on him. Fellows are literally losing Billion shilling gravy trains overnight due to him!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
jerry
#23 Posted : Thursday, March 31, 2016 9:40:10 PM
Rank: Elder


Joined: 9/29/2006
Posts: 2,561
guru267 wrote:
rutechura wrote:
jerry wrote:
guru267 wrote:
Something is also cooking at HFC. They have never been the last to announce! Pray

Are they supposed to report by end of today or they have their own rules?



Actually, Housing Finance have already announced there results. there profit rose from 975 million to 1.2 billion.. which is not bad


My Bad! Somehow I missed them.

HFC did well... Happy to continue being a shareholder there~

"Housing Finance Group Announced a Final dividend of
Kes.0.65 on 25-Feb-2016; Book Closure 29-Apr-2016. Payment 27-May-2016"
The opposite of courage is not cowardice, it's conformity.
obiero
#24 Posted : Thursday, March 31, 2016 11:36:06 PM
Rank: Elder


Joined: 6/23/2009
Posts: 6,917
Location: nairobi
jerry wrote:
guru267 wrote:
rutechura wrote:
jerry wrote:
guru267 wrote:
Something is also cooking at HFC. They have never been the last to announce! Pray

Are they supposed to report by end of today or they have their own rules?



Actually, Housing Finance have already announced there results. there profit rose from 975 million to 1.2 billion.. which is not bad


My Bad! Somehow I missed them.

HFC did well... Happy to continue being a shareholder there~

"Housing Finance Group Announced a Final dividend of
Kes.0.65 on 25-Feb-2016; Book Closure 29-Apr-2016. Payment 27-May-2016"

Unaona vile rumors huanza
www.winda.co.ke
murchr
#25 Posted : Friday, April 01, 2016 12:35:12 AM
Rank: Elder


Joined: 2/26/2012
Posts: 11,544
obiero wrote:
jerry wrote:
guru267 wrote:
rutechura wrote:
jerry wrote:
guru267 wrote:
Something is also cooking at HFC. They have never been the last to announce! Pray

Are they supposed to report by end of today or they have their own rules?



Actually, Housing Finance have already announced there results. there profit rose from 975 million to 1.2 billion.. which is not bad


My Bad! Somehow I missed them.

HFC did well... Happy to continue being a shareholder there~

"Housing Finance Group Announced a Final dividend of
Kes.0.65 on 25-Feb-2016; Book Closure 29-Apr-2016. Payment 27-May-2016"

Unaona vile rumors huanza



Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly guru, you need to check in more often
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
enyands
#26 Posted : Friday, April 01, 2016 4:26:34 AM
Rank: Elder


Joined: 12/25/2014
Posts: 2,235
Location: kenya
MaichBlack wrote:
enyands wrote:
Ericsson wrote:
Dr Opus Dei Patrick Njoroge is not joking.
Some banks will close down or be acquired by the big ones.
Oigara has been quoted as saying KCB is looking for an acquisition locally



I love this guy. We need such people in this country . Problem is that and i said before , he will step on some mafias and they will fire him. That's the day I'll know for sure the country has gone to the dogs .let's have a fair play where everyone is honest and play by the same rule . I think he should also come down on this bank called CREDIT BANK before it's sold to innocent diaspora .

Dr. Opus Dei hapana machezo!!! He needs to be among the three best guarded Kenyans!!!

The Mafia might decide to use the old Kanu tactics on him. Fellows are literally losing Billion shilling gravy trains overnight due to him!!!



MaichBlack hiyo shimo you love hiding yourself time to time we will come and throw guruneti to flush you out. Hapana nyamaza sana. Laughing out loudly btw did you hit your goal in unaitas
Boris Boyka
#27 Posted : Friday, April 01, 2016 7:49:53 AM
Rank: Veteran


Joined: 11/15/2013
Posts: 1,976
Location: Here
obiero wrote:
jerry wrote:
guru267 wrote:
rutechura wrote:
jerry wrote:
guru267 wrote:
Something is also cooking at HFC. They have never been the last to announce! Pray

Are they supposed to report by end of today or they have their own rules?



Actually, Housing Finance have already announced there results. there profit rose from 975 million to 1.2 billion.. which is not bad


My Bad! Somehow I missed them.

HFC did well... Happy to continue being a shareholder there~

"Housing Finance Group Announced a Final dividend of
Kes.0.65 on 25-Feb-2016; Book Closure 29-Apr-2016. Payment 27-May-2016"

Unaona vile rumors huanza

AfroGurubiero continues shortly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
KulaRaha
#28 Posted : Wednesday, April 06, 2016 10:12:19 AM
Rank: Elder


Joined: 7/26/2007
Posts: 5,907
The cooking continues. New numbers today, qualified by auditor. Inside loans from 2b to 10b.

Oh boy!
Business opportunities are like buses,there's always another one coming
Jitahidi
#29 Posted : Wednesday, April 06, 2016 10:37:40 AM
Rank: Member


Joined: 5/8/2008
Posts: 283
KulaRaha wrote:
The cooking continues. New numbers today, qualified by auditor. Inside loans from 2b to 10b.

Oh boy!

This is very serious.
watesh
#30 Posted : Wednesday, April 06, 2016 10:43:24 AM
Rank: Member


Joined: 8/10/2014
Posts: 567
Location: Kenya
Rumors flying all over social media that the bank is going under receivership.....
The amount of cooked figures in this bank and money laundering...
whiteowl
#31 Posted : Wednesday, April 06, 2016 10:58:37 AM
Rank: Veteran


Joined: 4/16/2014
Posts: 1,175
Location: Bohemian Grove
KulaRaha wrote:
The cooking continues. New numbers today, qualified by auditor. Inside loans from 2b to 10b.

Oh boy!


This confirms my suspicion that most if not all banks were cooking results before Dr.Njoroge took office. The only difference is the amount of cooking involved.But 2b to 10b? They might just have outdone NBK!
Also keep in mind Centum are majority shareholders.
maka
#32 Posted : Wednesday, April 06, 2016 11:00:33 AM
Rank: Elder


Joined: 4/22/2010
Posts: 10,045
Location: Nairobi
watesh wrote:
Rumors flying all over social media that the bank is going under receivership.....
The amount of cooked figures in this bank and money laundering...


Now with those rumours comes mass withdrawals no one would want to be caught in an imperial bank situation....CBK was supposed to have a press conference at 1030 guess it's been delayed....
possunt quia posse videntur
Othelo
#33 Posted : Wednesday, April 06, 2016 11:26:34 AM
Rank: User


Joined: 1/20/2014
Posts: 3,528
maka wrote:
watesh wrote:
Rumors flying all over social media that the bank is going under receivership.....
The amount of cooked figures in this bank and money laundering...


Now with those rumours comes mass withdrawals no one would want to be caught in an imperial bank situation....CBK was supposed to have a press conference at 1030 guess it's been delayed....

Almost gone Sad
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
alma1
#34 Posted : Wednesday, April 06, 2016 11:52:44 AM
Rank: Veteran


Joined: 9/19/2015
Posts: 1,724
Location: hapo
If Chase Bank goes, I will not trust any bank in Kenya. I'll actually put them in the same league as politicians.

That bank was one of the most efficient banks I've ever come accross. The employees fantastic.Customer service the best you can ever find anywhere.

It would really be a shame if we have another of these greedy people ruining such a good thing.

Kweli wakenya, how greedy are you people? Hii Tamaa boss. You shall not take your mercedes benz to hell.

regards

Confused Customer
#nimenena

MySQL
KulaRaha
#35 Posted : Wednesday, April 06, 2016 12:01:19 PM
Rank: Elder


Joined: 7/26/2007
Posts: 5,907
This is technically fraud is it not?
Business opportunities are like buses,there's always another one coming
joga bonito
#36 Posted : Wednesday, April 06, 2016 12:04:12 PM
Rank: New-farer


Joined: 1/12/2016
Posts: 19
Total loans by Directors and Shareholders is 10B while total shareholders funds at 11B....interesting
Sufficiently Philanga....thropic
#37 Posted : Wednesday, April 06, 2016 12:13:41 PM
Rank: Elder


Joined: 9/23/2010
Posts: 2,010
Location: Sundowner,Amboseli
If this one goes the way of Imperial Bank, expect a proper shaving on Bank stocks at the NSE.
Markets
alma1
#38 Posted : Wednesday, April 06, 2016 12:24:34 PM
Rank: Veteran


Joined: 9/19/2015
Posts: 1,724
Location: hapo
#nimenena

MySQL
Sufficiently Philanga....thropic
#39 Posted : Wednesday, April 06, 2016 12:25:10 PM
Rank: Elder


Joined: 9/23/2010
Posts: 2,010
Location: Sundowner,Amboseli
By the way, the strong USD has caused a lot of pain and grief to net importer nations as well as commodity rich ones.
Before the USD took off, cbr and inflation rate would be at the same levels or thereabout. For the longest, we had our cbr at 6.25% which is where i believe we should have been now that inflation rate is at 6.45%. but not possible since we have the Eurobond to pay and Gov.Njoroge has to continue punishing us by leaving the cbr at 11.50 so as to tame this USD monster and keep it below 107.
At times i wonder if small banks like chase had branches in South sudan where Equity and KCb each took a 6b shaving from the SSP devaluation. Would they have lived to tell the story?
Markets
KulaRaha
#40 Posted : Wednesday, April 06, 2016 12:27:32 PM
Rank: Elder


Joined: 7/26/2007
Posts: 5,907
joga bonito wrote:
Total loans by Directors and Shareholders is 10B while total shareholders funds at 11B....interesting


Word on the street is insider lending sits at20b.
Business opportunities are like buses,there's always another one coming
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