Wazua
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CBA Q1 2014 profit decline courtesy M-Shwari
Rank: Veteran Joined: 8/11/2010 Posts: 1,011 Location: nairobi
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increased loan loss provision by almost 20times may be due to default in servicing loans by mshwari customers.now look 10 yrs to come will it affect the involved companies and economy In general.
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Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
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i tend to find "can't pay wont pay" among the peculiar kenyan habits, even HELB loans of 250,000/= are not been repaid. very risky lending by CBA but it's a learning curve
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Never lend money without a security worth it,better not lend.ati giving a stranger money on mobile where will you get them??many will even abandon the lines "Don't let the fear of losing be greater than the excitement of winning."
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Rank: New-farer Joined: 5/22/2014 Posts: 78
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@bartum.
What is your source?
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Rank: Elder Joined: 12/2/2009 Posts: 2,458 Location: Nairobi
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Are we saying CBA never thought beyond 'lending'?
It would be disastrous. We await and see
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Mambo ya raia CBA iachie Equity!!
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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How does CBA intent to handle this challenge
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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They could have tried their account holders and those who receive their salaries with them first before involving the less known masses. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Member Joined: 10/26/2008 Posts: 380
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The bank seems to be doing well, the group.. not so well. Who knows why the huge difference?
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Wazua
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CBA Q1 2014 profit decline courtesy M-Shwari
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