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Now Imperial Bank under receivership for 12 months

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alutacontinua		#91 Posted : Tuesday, October 13, 2015 7:33:02 PM
Rank: Member Joined: 3/23/2011 Posts: 304		Lots of talk doing the rounds that CBK has another 2 banks ("Asian Owned") on their list set for receivership? Can anyone confirm this? You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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mawinder		#92 Posted : Tuesday, October 13, 2015 7:33:30 PM
Rank: Elder Joined: 4/30/2008 Posts: 6,029		Impunity wrote: murchr wrote: dunkang wrote: Impunity wrote: Msa Liti wrote: Hearing G* too is in sh#t as well! Don't quote me Gu**an Bank Guaranty??? Guardian iko nini? Ni kufyamest! I thought Guardian is owned by Chandaria?
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Caramba		#93 Posted : Tuesday, October 13, 2015 7:43:21 PM
Rank: Member Joined: 10/27/2010 Posts: 266 Location: Nairobi		Sad state of affairs. Has any bank survived after being placed under Statutory Management? If it does reopen, I'd imagine that the first order of business for depositors would be to salvage their deposits.
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Impunity		#94 Posted : Tuesday, October 13, 2015 7:45:53 PM
Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada		watesh wrote: I just hope no Tier 1 bank lands in the crushing jaws of CBK Imagine #Member being under receivewhatever...si kenya mataisha! Portfolio: Sold You know you've made it when you get a parking space for your yatcht.
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Impunity		#95 Posted : Tuesday, October 13, 2015 7:47:40 PM
Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada		mawinder wrote: Impunity wrote: murchr wrote: dunkang wrote: Impunity wrote: Msa Liti wrote: Hearing G* too is in sh#t as well! Don't quote me Guan Bank Guaranty??? Guardian iko nini? Ni kufyamest! I thought Guardian is owned by Chandaria? Why do you think a Chandarian-owned bank cannot TANK? Portfolio: Sold You know you've made it when you get a parking space for your yatcht.**
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newfarer		#96 Posted : Tuesday, October 13, 2015 7:52:19 PM
Rank: Elder Joined: 3/19/2010 Posts: 3,505 Location: Uganda		sparkly wrote: Emerger wrote: Its a sad state coming as a shock to all stakeholders. Information has it that since the passing of the former group MD there has been serious wrangles in the management with other shareholders seeking to have their own as the lead. The head credit had been appointed as the acting. The bank majorshareholder is Imperial Securities Ltd whose principal shareholder is the late 'Janmohamed' Its more of a statutory management under CBK to help control the wrangles rather than a receivership which is more worse. Lets wait for KDIC to give a way forward, No need to panic i would say. Welcome to Wazua @Emerger! Thanks for the info. You have raised a very pertinent issue... Second generation Indians are not planning sufficiently for succession! True sparkly I have seen a once healthy indian business crumble when his son took the wheels upon his death Sorry to the investors and employees whose livelihoods have been dimmed punda amecheka
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Boris Boyka		#97 Posted : Tuesday, October 13, 2015 7:57:31 PM
Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here		Impunity wrote: watesh wrote: I just hope no Tier 1 bank lands in the crushing jaws of CBK Imagine #Member being under receivewhatever...si kenya mataisha! This one will be termed a national disaster and UK or whoever will have to intervene. Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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murchr		#98 Posted : Tuesday, October 13, 2015 8:02:15 PM
Rank: Elder Joined: 2/26/2012 Posts: 15,980		Caramba wrote: Sad state of affairs. Has any bank survived after being placed under Statutory Management? If it does reopen, I'd imagine that the first order of business for depositors would be to salvage their deposits. I think Charter house bank, I dont know how its doing tho. But expect depositors taking their money...you'd rather hide it under the mattress "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore .
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TheGeek		#99 Posted : Tuesday, October 13, 2015 8:02:48 PM
Rank: Member Joined: 7/3/2014 Posts: 245		Impunity wrote: watesh wrote: I just hope no Tier 1 bank lands in the crushing jaws of CBK Imagine #Member being under receivewhatever...si kenya mataisha! Too big To fail Quote: During a similar period in Nigeria during the global economic meltdown and accompanying financial crisis, the governor of the Central Bank of Nigeria, Lamido Sanusi, sacked the bosses of five banks after he realized they were permanently borrowing from the CBN's discount window meaning they were borrowing to meet daily obligations. Currently, the CBK in Kenya has effectively locked the discount window forcing the banking industry to either borrow within itself or unwind from the holdings of government debt it has. CBK said it was ordering the takeover of Imperial Bank in the interest of debtors, creditors and members of the public. In the world of securities, courage and patience become the supreme virtues after adequate knowledge and a tested judgment are at hand.
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enyands		#100 Posted : Tuesday, October 13, 2015 8:43:16 PM
Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya		sparkly wrote: KulaRaha wrote: enyands wrote: guys I don't think there has to be anything with the books. there is more to it. there was something illegal contrary to the common banking rules and regulations that was flawed by this bank in both countries. there is either money laundering or something.....it will surface Or maybe its an inexperienced CBK Governor using a hammer to open a groundnut, with little regard to the damage this can do to the whole system? The man cannot be swayed with money, women or vanity. bankers are on their own... @kularaha u made my day .the man cannot be swayed Especially with women lol . Samson alianguka because of Delilah , Adam alianguka because of eve. King David alianguka the same , 2nd president wetu aliimarika by being solo. So my point is this huyu jamaa will do good since the greatest weakness men have has been overcomed .on a lighter note though
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