wazua Sat, Jan 11, 2025
Welcome Guest Search | Active Topics | Log In | Register

GoK-owned banks
Options
Previous Topic · Next Topic
Mainat
#1 Posted : Tuesday, December 01, 2015 4:20:34 PM
Rank: Veteran


Joined: 11/21/2006
Posts: 1,590
With National Bank, Consolidated et al showing lower capital ratios than required, will GoK (a) sell them at throw away prices to cronies (possibly) (b) force them to issue Eurobonds smile (c) force CBK to exempt the GoK banks from capital requirements.
Looks dicey either way
Sehemu ndio nyumba
Back to top
 Report Abusive | Report SPAM | Edit by user: Wednesday, December 02, 2015 8:51 AM | Reason: Not specified
dunkang
#2 Posted : Tuesday, December 01, 2015 4:32:30 PM
Rank: Elder


Joined: 6/2/2011
Posts: 4,818
Location: -1.2107, 36.8831
Mainat wrote:
With National Bank, Consolidated et al showing lower capital ratios that required, will GoK (a) sell them at throw away prices to cronies (possibly) (b) force them to issue Eurobonds smile (c) force CBK to exempt the GoK banks from capital requirements.
Looks dicey either way

The GoK intends to merge National Bank, Development Bank and Consolidated Bank. That's their strategy.
Receive with simplicity everything that happens to you.” ― Rashi

Back to top
 Report Abusive | Report SPAM
Mainat
#3 Posted : Tuesday, December 01, 2015 4:55:24 PM
Rank: Veteran


Joined: 11/21/2006
Posts: 1,590
Minus one plus minus one equals two?
How will it cure the capital deficiency?
dunkang wrote:
Mainat wrote:
With National Bank, Consolidated et al showing lower capital ratios that required, will GoK (a) sell them at throw away prices to cronies (possibly) (b) force them to issue Eurobonds smile (c) force CBK to exempt the GoK banks from capital requirements.
Looks dicey either way

The GoK intends to merge National Bank, Development Bank and Consolidated Bank. That's their strategy.

Sehemu ndio nyumba
Back to top
 Report Abusive | Report SPAM
whiteowl
#4 Posted : Tuesday, December 01, 2015 11:11:08 PM
Rank: Veteran


Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
Mainat wrote:
With National Bank, Consolidated et al showing lower capital ratios that required, will GoK (a) sell them at throw away prices to cronies (possibly) (b) force them to issue Eurobonds smile (c) force CBK to exempt the GoK banks from capital requirements.
Looks dicey either way


If this trend continues unchecked, we may have a Lehman moment for Kenya banks in some years to come.
Back to top
 Report Abusive | Report SPAM
KulaRaha
#5 Posted : Wednesday, December 02, 2015 8:42:54 AM
Rank: Elder


Joined: 7/26/2007
Posts: 6,514
Business opportunities are like buses,there's always another one coming
Back to top
 Report Abusive | Report SPAM
Mainat
#6 Posted : Wednesday, December 02, 2015 9:08:00 AM
Rank: Veteran


Joined: 11/21/2006
Posts: 1,590
Jokes aside, how is GoK going to handle the recapitalisation? As we speak Consolidated bank is under the minimum requirement.

KulaRaha wrote:

Sehemu ndio nyumba
Back to top
 Report Abusive | Report SPAM
KulaRaha
#7 Posted : Wednesday, December 02, 2015 9:13:32 AM
Rank: Elder


Joined: 7/26/2007
Posts: 6,514
It will be difficult to close or merge some of these GoK junks: lots of political loans etc stuck there and difficult to hide.

They'll issue some junk bonds and recapitalize.
Business opportunities are like buses,there's always another one coming
Back to top
 Report Abusive | Report SPAM
Ericsson
#8 Posted : Wednesday, December 02, 2015 11:01:43 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
After the merger of Development Bank of Kenya,National Bank and Consolidated Bank and distribution of shareholding among the various shareholders in the three listed entities in the new company;a rights issue will be done to recapitalise the merged entity
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
 Report Abusive | Report SPAM
Boris Boyka
#9 Posted : Wednesday, December 02, 2015 11:08:00 PM
Rank: Veteran


Joined: 11/15/2013
Posts: 1,977
Location: Here
Ericsson wrote:
After the merger of Development Bank of Kenya,National Bank and Consolidated Bank and distribution of shareholding among the various shareholders in the three listed entities in the new company;a rights issue will be done to recapitalise the merged entity

Its better to handle 1 hungry dog than three hungry dogs....PR, perception and market mood.
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
Back to top
 Report Abusive | Report SPAM
Users browsing this topic
Guest (2)
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2025 Wazua.co.ke. All Rights Reserved.