[quote=young farmer]Which banks or lenders accept stocks as collateral for loans in kenya. I have tried Equity investment bank but can't hear none of it.[/quote]
That's crazy. They should arrange a deal for you with Equity Bank. Move to a different bank. Try the mid-sized banks like I&M, DTB, Prime, NIC, CBA, etc

Some e.g. NIC, CFCStanbic [give them a miss], CBA (I think), ABC, Chase have brokerage firms.

Others e.g. I&M have custody departments.

Why bother with a bank/brokerage that doesn't serve your needs?

[quote=young farmer]Which banks or lenders accept stocks as collateral for loans in kenya. I have tried Equity investment bank but can't hear none of it.[/quote]
@ Farmer......Stock is very near to cash and isn't a fixed asset.They wonder why you want to use csh as a collateral for another cash and may well doubt you if your holding is meagre. They will need a millionaire to do that assuming that he is just hungry for an overdraft which is a very short term loan. Long term loan while you hve poor stocks, none will listen to you. Sell your stock and use that cash,....they say.!!!!

[quote=VituVingiSana][quote=maka][quote=VituVingiSana][quote=young farmer]Which banks or lenders accept stocks as collateral for loans in kenya. I have tried Equity investment bank but can't hear none of it.[/quote]
That's crazy. They should arrange a deal for you with Equity Bank. Move to a different bank. Try the mid-sized banks like I&M, DTB, Prime, NIC, CBA, etc

Some e.g. NIC, CFCStanbic [give them a miss], CBA (I think), ABC, Chase have brokerage firms.

Others e.g. I&M have custody departments.

Why bother with a bank/brokerage that doesn't serve your needs?[/quote]

@VVS why give CFC Stanbic a pass?A client of mine has used his as collateral papo hapo.[/quote] I gave up on them after the CFC-Stanbic merger. Anyway, my experience post-merger. Or I was not a big enough client for them.
[/quote]

Totally agreed. CFC-Stanbic---a waste of time.

Yes we can! Though 60% margin will apply

[quote=young farmer][quote=Realtreaty][quote=young farmer]Which banks or lenders accept stocks as collateral for loans in kenya. I have tried Equity investment bank but can't hear none of it.[/quote]
@ Farmer......Stock is very near to cash and isn't a fixed asset.They wonder why you want to use csh as a collateral for another cash and may well doubt you if your holding is meagre. They will need a millionaire to do that assuming that he is just hungry for an overdraft which is a very short term loan. Long term loan while you hve poor stocks, none will listen to you. Sell your stock and use that cash,....they say.!!!![/quote]



You can be a young Millionaire, I think if you hold between
5-10 Millions worthy of shares the bank should work with you. To add salt to injury you hold same bank shares you are trying to get loan from. To me it sounded like bank don't value their stocks(just saying).[/quote]
Seems you met a trainee. One more thing is no longer share certificates that earlier we had to deposit. Cdsc is a bit different and you could privately sell the same shares as there is no way to attach unless the shares are transfered to bank name and account.