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digitek1		#1 Posted : Monday, May 20, 2013 3:18:06 PM
Rank: Veteran Joined: 2/3/2010 Posts: 1,797 Location: Kenya		The big boys are in town any relation to chase bank I may be wrong..but then I could be right
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selah		#2 Posted : Monday, May 20, 2013 3:25:37 PM
Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya		They Have no relation at all. CBK has relaxed it rules on this Big boys as opposed to b4 where a bank like JB morgan would be required to open a fully fledged branch with local directors and the like,the rules now give them an ooprtunity to set up an operation with only managers who would be answerable to CBK....Other EAC members dont have such leeways and I think CBK is doing this alone. Equity,KCB and other bank operating outside Kenya have had to set up Fully fledged Branches with Directors and all...it is a costly affair. '......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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accelriskconsult		#3 Posted : Monday, May 20, 2013 3:33:04 PM
Rank: Member Joined: 4/2/2011 Posts: 629 Location: Nai		selah wrote: They Have no relation at all. CBK has relaxed it rules on this Big boys as opposed to b4 where a bank like JB morgan would be required to open a fully fledged branch with local directors and the like,the rules now give them an ooprtunity to set up an operation with only managers who would be answerable to CBK....Other EAC members dont have such leeways and I think CBK is doing this alone. Equity,KCB and other bank operating outside Kenya have had to set up Fully fledged Branches with Directors and all...it is a costly affair. Equity and KCB wanted exactly that. To set up retail banking outlets. By contrast the JP Morgans and Nedbanks are looking for corporate deals. They sense that the local banking industry cannot afford to lend the kind of money that is required to develop the oil industry and the requisite infrastucture.
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selah		#4 Posted : Monday, May 20, 2013 3:37:40 PM
Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya		accelriskconsult wrote: selah wrote: They Have no relation at all. CBK has relaxed it rules on this Big boys as opposed to b4 where a bank like JB morgan would be required to open a fully fledged branch with local directors and the like,the rules now give them an ooprtunity to set up an operation with only managers who would be answerable to CBK....Other EAC members dont have such leeways and I think CBK is doing this alone. Equity,KCB and other bank operating outside Kenya have had to set up Fully fledged Branches with Directors and all...it is a costly affair. Equity and KCB wanted exactly that. To set up retail banking outlets. By contrast the JP Morgans and Nedbanks are looking for corporate deals. They sense that the local banking industry cannot afford to lend the kind of money that is required to develop the oil industry and the requisite infrastucture. Yes they wanted retail banking outlets Not branches designed as subsidiaries...It is costly to run such an outfit....Actually the Reason why Kenya is attracting this BIg boys is they Have relaxed rules in setting shop Here...Trust me JP Morgan would find it difficult to Set up shop In other EAC member state coz of the stringent requirements needed to do so,One of which is to have local directors. '......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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kiriita		#5 Posted : Monday, May 20, 2013 5:05:47 PM
Rank: Member Joined: 4/20/2008 Posts: 437		Guess jasonhill is coming home, huh?
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Cde Monomotapa		#6 Posted : Monday, May 20, 2013 6:25:00 PM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		accelriskconsult wrote: selah wrote: They Have no relation at all. CBK has relaxed it rules on this Big boys as opposed to b4 where a bank like JB morgan would be required to open a fully fledged branch with local directors and the like,the rules now give them an ooprtunity to set up an operation with only managers who would be answerable to CBK....Other EAC members dont have such leeways and I think CBK is doing this alone. Equity,KCB and other bank operating outside Kenya have had to set up Fully fledged Branches with Directors and all...it is a costly affair. Equity and KCB wanted exactly that. To set up retail banking outlets. By contrast the JP Morgans and Nedbanks are looking for corporate deals. They sense that the local banking industry cannot afford to lend the kind of money that is required to develop the oil industry and the requisite infrastucture.
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mwekez@ji		#7 Posted : Tuesday, May 21, 2013 11:55:36 AM
Rank: Chief Joined: 5/31/2011 Posts: 5,121		This should be taken as a bullish sign > the world’s biggest bank in assets is looking for a foothold in our country.
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maka		#8 Posted : Tuesday, May 21, 2013 1:17:29 PM
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi		There was a time CBK wanted to introduce market makers in relation to bond trading and JP Morgan and HSBC I think were fronted coz of the financial muscle they have...I think something is in the offing.It would really streamline the bond market,create liquidity and align the market with best practices globally... possunt quia posse videntur
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kizee1		#9 Posted : Tuesday, May 21, 2013 10:18:37 PM
Rank: Member Joined: 9/29/2010 Posts: 679 Location: nairobi		maka wrote: There was a time CBK wanted to introduce market makers in relation to bond trading and JP Morgan and HSBC I think were fronted coz of the financial muscle they have...I think something is in the offing.It would really streamline the bond market,create liquidity and align the market with best practices globally... lol
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maka		#10 Posted : Wednesday, May 22, 2013 9:40:03 AM
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi		kizee1 wrote: maka wrote: There was a time CBK wanted to introduce market makers in relation to bond trading and JP Morgan and HSBC I think were fronted coz of the financial muscle they have...I think something is in the offing.It would really streamline the bond market,create liquidity and align the market with best practices globally... lol The year is 2011...www.allafrica.com/stories/201104070072.html possunt quia posse videntur
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