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I&M Bank to buy GIRO Bank
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madebe
#1 Posted : Monday, September 07, 2015 9:07:02 AM
Rank: Member

Joined: 10/7/2010
Posts: 251
Location: nairobi
I believe this is an act of buying a very ????? bank....
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Pesa Nane
#2 Posted : Monday, September 07, 2015 9:32:15 AM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Cautionary Announcement:

Pesa Nane plans to be shilingi when he grows up.
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madebe
#3 Posted : Monday, September 07, 2015 9:41:09 AM
Rank: Member

Joined: 10/7/2010
Posts: 251
Location: nairobi
Giro shares common owners with C&G.....anybody who can pull their HY 2015 numbers???
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KulaRaha
#4 Posted : Monday, September 07, 2015 9:51:53 AM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
Irrelevant bank...waste of time purchase.
Business opportunities are like buses,there's always another one coming
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hisah
#5 Posted : Monday, September 07, 2015 11:17:31 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Meanwhile the price tries to stage a rally... Keyword stage.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Pesa Nane
#6 Posted : Monday, September 07, 2015 11:30:25 AM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
madebe wrote:
Giro shares common owners with C&G.....anybody who can pull their HY 2015 numbers???


Which one??

Click Here Giro FY14

Click Here Giro 1Q15

Click Here Giro 2Q15
Pesa Nane plans to be shilingi when he grows up.
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Ericsson
#7 Posted : Monday, September 07, 2015 11:32:23 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
@Pesa Nane and Madebe
Yes they do share common ownership
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#8 Posted : Monday, September 07, 2015 11:35:19 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
Indians are converging towards One bank I&M bank which they will use to secure financing in their projects within east Africa.
That is why the bank is growing very fast.
Indians at CFCStnabic sold to Standard Bank SA and took their money to I&M Bank
Same case applied to East Africa Building Society which was sold to Ecobank.
And the same will apply to Fina Bank which was sold to Nigerian GT Bank
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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mwekez@ji
#9 Posted : Monday, September 07, 2015 11:36:20 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Applause Applause Applause Applause Applause Applause
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VituVingiSana
#10 Posted : Monday, September 07, 2015 11:44:05 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
Giro Bank has 0.5% market share [combined index]. I&M has 4.10%. So it doesn't get I&M over 5% [the threshold for 'big bank'] yet unless it can grab more market share from other banks.

Nevertheless, it's about gradual gains for some of these banks as they grow. A merger between I&M and NIC/DTB would have been more exciting.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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  | | Edit by user: Monday, September 07, 2015 11:45 AM | Reason: Not specified
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