Rank: Chief Joined: 5/31/2011 Posts: 5,121
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mwekez@ji wrote:Cde Monomotapa wrote:murchr wrote:mwekez@ji wrote:murchr wrote:mwekez@ji wrote:murchr wrote:mwekez@ji wrote:murchr wrote:mwekez@ji wrote:@murchr @guru, save for the benefits of KE-Oil that will accrue to the whole of the banking industry, which specific benefits will accrue to NBK¿ I ask coz i dont see how NBK is specifically the banking sector KE-Oil play Hii ndio banki ya serikali, who banks at NBK seriously apart from the GOK? Banki ya serikali??? check again, serikali anafanya biasara na benki mingi sikuhizi This one bags the cake... What percentage of the cake .... i have seen big deals going through kcb and equity I may not have a % but I know KRA banks with NBK and the Central Bank. Picture this, as at Dec 2012, government deposits in the following banks were as follows; > KCB - KES. 66,669,283,000 > NBK - KES. 29,467,978,000 Above figure are extracted from the respective banks annual reports. Clearly, who is bagging the bigger cake? Mmhh good to know, but who is more likely to find favor between these 2? Looking at ownership structure NBK ofcourse. NSSF 'maWorkers!!' must bank there too. YesS!! Mates, get your facts right!! FACTS:1. GOK and its bodies (including kra & nssf) are multibanked. 2. NBK is currently receiving no favors by virtue of gok shareholding as pointed above and this is not expected to change with KE-oil deals 3. GOK will shed its shareholding in NBK soon which will be a nail on the coffin of your school of thought Note: >Government has in recent years sat out rights issues in other firms such as CFC, Mumias, KCB, Kenya Power and Housing Finance, allowing the private sector to increase its stake in what is seen as non-strategic firms. >The government’s shareholding in KCB dropped from 70 per cent in 1990 to 35 per cent in 1998 and 26.2 per cent in 2007 and 17.63 per cent in December.
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