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Central Bank of Kenya profit climbs To Sh14 bn

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Impunity		#1 Posted : Thursday, October 23, 2014 8:33:59 PM
Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada		Wonders will never stop. Rink Portfolio: Sold You know you've made it when you get a parking space for your yatcht.
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harrydre		#2 Posted : Thursday, October 23, 2014 8:38:15 PM
Rank: Elder Joined: 7/10/2008 Posts: 9,131 Location: Kanjo		Quote: Meanwhile, CBK Wednesday said it was in the money market to mop up Sh10 billion in excess liquidity, using repurchase agreements (repo) and term auction deposits to strengthen the shilling. too much cash in the market i.am.back!!!!
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kizee1		#3 Posted : Thursday, October 23, 2014 9:00:40 PM
Rank: Member Joined: 9/29/2010 Posts: 679 Location: nairobi		a central bank is a hedge fund with no downside
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Impunity		#4 Posted : Thursday, October 23, 2014 9:12:16 PM
Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada		kizee1 wrote: a central bank is a hedge fund with no downside How can it make so much profit? Now its the third most profitable bank in Kenya. Should it be in the business of making profit either? Portfolio: Sold You know you've made it when you get a parking space for your yatcht.
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mlennyma		#5 Posted : Thursday, October 23, 2014 9:46:33 PM
Rank: Elder Joined: 7/21/2010 Posts: 6,185 Location: nairobi		When is its I.p.o? "Don't let the fear of losing be greater than the excitement of winning."
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kizee1		#6 Posted : Thursday, October 23, 2014 9:47:27 PM
Rank: Member Joined: 9/29/2010 Posts: 679 Location: nairobi		Impunity wrote: kizee1 wrote: a central bank is a hedge fund with no downside How can it make so much profit? Now its the third most profitable bank in Kenya. Should it be in the business of making profit either? 14b isn't even their record, think in 2011 they made 40bn on revaluation of FX reserves, so yes that's one way they make money,the other is lending to banks, money that comes from thin air...fines levied against banks etc
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mlennyma		#7 Posted : Thursday, October 23, 2014 9:51:50 PM
Rank: Elder Joined: 7/21/2010 Posts: 6,185 Location: nairobi		They are only paying one share holder fat dividends. "Don't let the fear of losing be greater than the excitement of winning."
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whiteowl		#8 Posted : Thursday, October 23, 2014 9:57:22 PM
Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove		Impunity wrote: kizee1 wrote: a central bank is a hedge fund with no downside How can it make so much profit? Now its the third most profitable bank in Kenya. Should it be in the business of making profit either? Anything is possible in central banking world
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yosie14		#9 Posted : Thursday, October 23, 2014 10:07:40 PM
Rank: Member Joined: 12/17/2013 Posts: 118		BTW who are the shareholders of Central banks.Someone tells me its not Govt alone??????!!!! KCB,NMG,PAFR
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kizee1		#10 Posted : Thursday, October 23, 2014 10:20:10 PM
Rank: Member Joined: 9/29/2010 Posts: 679 Location: nairobi		yosie14, this is seriously RED PILL stuff, i would rather you found out for yourself that said http://www.youtube.com/watch?v=-WfqdcnjvlA
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Swenani		#11 Posted : Friday, October 24, 2014 9:29:38 AM
Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum		Why would central bank be in the business of making profits? If Obiero did it, Who Am I?
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Wakanyugi		#12 Posted : Friday, October 24, 2014 9:36:18 AM
Rank: Veteran Joined: 7/3/2007 Posts: 1,634		Swenani wrote: Why would central bank be in the business of making profits? Seigniorage The printing presses must have been busy this year. *"The opposite of a correct statement is a false statement. But the opposite of a profound truth may well be another profound truth."* (Niels Bohr)
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mkeiy		#13 Posted : Friday, October 24, 2014 9:42:16 AM
Rank: Member Joined: 1/27/2012 Posts: 851 Location: Nairobi		Swenani wrote: Why would central bank be in the business of making profits? Are you suggesting that CBs [as last resort lenders] should lend to commercial banks 0% interest? Should they also trade forex at 0% margins? Etc! etc!
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