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Now Imperial Bank under receivership for 12 months
gatoho
#111 Posted : Wednesday, October 14, 2015 6:17:56 AM
Rank: Member

Joined: 1/1/2010
Posts: 518
Location: kandara, Murang'a
snipermnoma wrote:
This is not good, especially if there is panic. By virtue of operating using the principle of fractional reserves, no bank can survive a bank run. There is a need to remain calm. Imperial bank being in receivership is not necessarily and indicator that other banks have a problem.

That said, in the market bank stocks especially mid tier banks will take a hit due to reduced confidence.

There is a difference between receivership and statutory management
Foresight..
Boris Boyka
#112 Posted : Wednesday, October 14, 2015 6:22:23 AM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
malala wrote:
Did CBK consider the repercussions on the depositors and other customers/stakeholders? Was this something a fine could have fixed? I am no banker but I feel like the punishment does not fit the crime. As another poster mentioned, inasmuch as we argue that it's not liquidation of the bank, Imperial's goose is pretty much cooked. Even if it is given a clean bill of health, the moment it reopens there will be mass withdrawals. Then profitability and liquidity issues will appear for real.
If this was purely a compliance issue CBK may have overreacted.

Ili iwe funzo kwao na Benki zengine zenye Tabia kama hiyo!
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
gatoho
#113 Posted : Wednesday, October 14, 2015 6:33:06 AM
Rank: Member

Joined: 1/1/2010
Posts: 518
Location: kandara, Murang'a
dunkang wrote:
Impunity wrote:
Msa Liti wrote:
Hearing G*** too is in sh#t as well!


Don't quote me


Gu****an Bank

d'oh! d'oh! d'oh!

Guaranty???

G with 4letters
Foresight..
Angelica _ann
#114 Posted : Wednesday, October 14, 2015 6:43:42 AM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
gatoho wrote:
dunkang wrote:
Impunity wrote:
Msa Liti wrote:
Hearing G*** too is in sh#t as well!


Don't quote me


Gu****an Bank

d'oh! d'oh! d'oh!

Guaranty???

G with 4letters

Haiya it still exists. Anyway at this rate our own NBK better watch out!!!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Fomoney
#115 Posted : Wednesday, October 14, 2015 6:52:57 AM
Rank: Member

Joined: 7/9/2006
Posts: 79
Giro or Gulf? Ha?
Boris Boyka
#116 Posted : Wednesday, October 14, 2015 7:24:45 AM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
Kenyans will be skeptical in these ones.

• African Banking Corporation Ltd
• Guardian Bank Ltd
• Consolidated Bank of Kenya Ltd
• Charterhouse Bank Ltd
• Giro Commercial Bank Ltd
• Habib Bank Ltd
• Habib Bank A.G Zurich
• Jamii Bora Bank Limited
• K-Rep Bank Ltd
• Middle East Bank (K) Ltd
• Oriental Commercial Bank Ltd
• Paramount Universal Bank Ltd
• Trans-National Bank Ltd
• UBA Kenya Bank Limited
• Victoria Commercial Bank Ltd
• Dubai Bank Kenya Ltd
• Development Bank of Kenya Ltd
• Equatorial Commercial Bank Ltd
• First community Bank Limited
• Fina Bank Ltd
• Fidelity Commercial Bank Ltd
• Gulf African Bank Limited
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
mawinder
#117 Posted : Wednesday, October 14, 2015 8:03:56 AM
Rank: Elder

Joined: 4/30/2008
Posts: 6,029
Boris Boyka wrote:
Kenyans will be skeptical in these ones.

• African Banking Corporation Ltd
• Guardian Bank Ltd
• Consolidated Bank of Kenya Ltd
• Charterhouse Bank Ltd
• Giro Commercial Bank Ltd
• Habib Bank Ltd
• Habib Bank A.G Zurich
• Jamii Bora Bank Limited
• K-Rep Bank Ltd
• Middle East Bank (K) Ltd
• Oriental Commercial Bank Ltd
• Paramount Universal Bank Ltd
• Trans-National Bank Ltd
• UBA Kenya Bank Limited
• Victoria Commercial Bank Ltd
• Dubai Bank Kenya Ltd
• Development Bank of Kenya Ltd
• Equatorial Commercial Bank Ltd
• First community Bank Limited
• Fina Bank Ltd
• Fidelity Commercial Bank Ltd
• Gulf African Bank Limited

Where can I find Charterhouse Bank that is open?
KulaRaha
#118 Posted : Wednesday, October 14, 2015 8:37:38 AM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
enyands wrote:
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


Overkill in my opinion.
Business opportunities are like buses,there's always another one coming
penkon
#119 Posted : Wednesday, October 14, 2015 9:14:40 AM
Rank: New-farer

Joined: 3/12/2014
Posts: 96
Boris Boyka wrote:
Kenyans will be skeptical in these ones.

• African Banking Corporation Ltd
• Guardian Bank Ltd
• Consolidated Bank of Kenya Ltd
• Charterhouse Bank Ltd
• Giro Commercial Bank Ltd
• Habib Bank Ltd
• Habib Bank A.G Zurich
• Jamii Bora Bank Limited
• K-Rep Bank Ltd
• Middle East Bank (K) Ltd
• Oriental Commercial Bank Ltd
• Paramount Universal Bank Ltd
• Trans-National Bank Ltd
• UBA Kenya Bank Limited
• Victoria Commercial Bank Ltd
• Dubai Bank Kenya Ltd
• Development Bank of Kenya Ltd
• Equatorial Commercial Bank Ltd
• First community Bank Limited
• Fina Bank Ltd
• Fidelity Commercial Bank Ltd
• Gulf African Bank Limited

enyands
#120 Posted : Wednesday, October 14, 2015 9:35:00 AM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
penkon wrote:
Boris Boyka wrote:
Kenyans will be skeptical in these ones.

• African Banking Corporation Ltd
• Guardian Bank Ltd
• Consolidated Bank of Kenya Ltd
• Charterhouse Bank Ltd
• Giro Commercial Bank Ltd
• Habib Bank Ltd
• Habib Bank A.G Zurich
• Jamii Bora Bank Limited
• K-Rep Bank Ltd
• Middle East Bank (K) Ltd
• Oriental Commercial Bank Ltd
• Paramount Universal Bank Ltd
• Trans-National Bank Ltd
• UBA Kenya Bank Limited
• Victoria Commercial Bank Ltd
• Dubai Bank Kenya Ltd
• Development Bank of Kenya Ltd
• Equatorial Commercial Bank Ltd
• First community Bank Limited
• Fina Bank Ltd
• Fidelity Commercial Bank Ltd
• Gulf African Bank Limited



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32 Pages«<1011121314>»
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