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Barclays Bank shutting Africa operations
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sumuni
#1 Posted : Saturday, February 27, 2016 4:02:12 PM
Rank: Member

Joined: 6/24/2007
Posts: 111
Location: Afrique
Barclays Bank shutting down in Africa
Seems there is too much Competition from local Banks. .
It is a curious fact that of all the illusions that beset mankind, none is quite as curious as that tendency to suppose that we are mentally and morally superior to those who differ from us in opinion.
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EngineerLMG
#2 Posted : Saturday, February 27, 2016 7:16:23 PM
Rank: New-farer

Joined: 3/22/2014
Posts: 50
I'm apprehensive about that source.
Jus' sayin.
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sumuni
#3 Posted : Saturday, February 27, 2016 8:11:43 PM
Rank: Member

Joined: 6/24/2007
Posts: 111
Location: Afrique
The Guardian
Financial times
Well, seems the die has been cast. Official announcement to be made on Tuesday in London.
It is a curious fact that of all the illusions that beset mankind, none is quite as curious as that tendency to suppose that we are mentally and morally superior to those who differ from us in opinion.
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ayushnehra
#4 Posted : Saturday, February 27, 2016 8:58:56 PM
Rank: Member

Joined: 1/4/2015
Posts: 153
@sumuni It seems you need to be corrected here.. The title of this is so misleading. Let me explain it in simple terms so you don't spread this.

1) Barclays Bank Kenya is a subsidiary of Barclays Africa.

2) Barclays Africas Holdings are split i.e. (for the sake of understanding)
- Barclays Bank UK - 62 %
- Not Barclays Bank UK - 38%

3) Barclays Bank UK wants to sell it's 62% to a buyer. Just as you buy an sell shares( on a smaller scale if you do)

4) Operations will go on as per usual.

5) Markets will react that the UK brother is going away.. doesn't mean whoever buys that share may not do a better job.. Who Knows . That is the uncertainty and that is the beauty of Stock Markets. This decision may have been affected by wearing rand which has affected the listed value of Barclays Africa which is based ins South Africa.

6) Barclays Bank is not shutting operations. NOT BARCLAYS AFRICA AND NOT BARCLAYS KENYA.


Dreams are not the thing you see in your sleep..it's the thing that doesn't let you sleep. - A.P.J. Abdul Kalam
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sparkly
#5 Posted : Sunday, February 28, 2016 8:06:34 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
ayushnehra wrote:
@sumuni It seems you need to be corrected here.. The title of this is so misleading. Let me explain it in simple terms so you don't spread this.

1) Barclays Bank Kenya is a subsidiary of Barclays Africa.

2) Barclays Africas Holdings are split i.e. (for the sake of understanding)
- Barclays Bank UK - 62 %
- Not Barclays Bank UK - 38%

3) Barclays Bank UK wants to sell it's 62% to a buyer. Just as you buy an sell shares( on a smaller scale if you do)

4) Operations will go on as per usual.

5) Markets will react that the UK brother is going away.. doesn't mean whoever buys that share may not do a better job.. Who Knows . That is the uncertainty and that is the beauty of Stock Markets. This decision may have been affected by wearing rand which has affected the listed value of Barclays Africa which is based ins South Africa.

6) Barclays Bank is not shutting operations. NOT BARCLAYS AFRICA AND NOT BARCLAYS KENYA.




@Sumuni may be onto to something. If Barclays sell its 62% shareholding, there is a close to 0% chance that the operations will continue as Barclays.
Life is short. Live passionately.
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enyands
#6 Posted : Sunday, February 28, 2016 10:51:51 AM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
sparkly wrote:
ayushnehra wrote:
@sumuni It seems you need to be corrected here.. The title of this is so misleading. Let me explain it in simple terms so you don't spread this.

1) Barclays Bank Kenya is a subsidiary of Barclays Africa.

2) Barclays Africas Holdings are split i.e. (for the sake of understanding)
- Barclays Bank UK - 62 %
- Not Barclays Bank UK - 38%

3) Barclays Bank UK wants to sell it's 62% to a buyer. Just as you buy an sell shares( on a smaller scale if you do)

4) Operations will go on as per usual.

5) Markets will react that the UK brother is going away.. doesn't mean whoever buys that share may not do a better job.. Who Knows . That is the uncertainty and that is the beauty of Stock Markets. This decision may have been affected by wearing rand which has affected the listed value of Barclays Africa which is based ins South Africa.

6) Barclays Bank is not shutting operations. NOT BARCLAYS AFRICA AND NOT BARCLAYS KENYA.




@Sumuni may be onto to something. If Barclays sell its 62% shareholding, there is a close to 0% chance that the operations will continue as Barclays.



Unaitas, Mwalimu and others who want to convert into a bank this is a golden apportunity for them to buy stake in this and be fully fledged bank


Please fill up at shell, kk shareholders pay cash.
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sumuni
#7 Posted : Sunday, February 28, 2016 2:31:30 PM
Rank: Member

Joined: 6/24/2007
Posts: 111
Location: Afrique
ayushnehra wrote:
@sumuni It seems you need to be corrected here.. The title of this is so misleading. Let me explain it in simple terms so you don't spread this.

1) Barclays Bank Kenya is a subsidiary of Barclays Africa.

2) Barclays Africas Holdings are split i.e. (for the sake of understanding)
- Barclays Bank UK - 62 %
- Not Barclays Bank UK - 38%

3) Barclays Bank UK wants to sell it's 62% to a buyer. Just as you buy an sell shares( on a smaller scale if you do)

4) Operations will go on as per usual.

5) Markets will react that the UK brother is going away.. doesn't mean whoever buys that share may not do a better job.. Who Knows . That is the uncertainty and that is the beauty of Stock Markets. This decision may have been affected by wearing rand which has affected the listed value of Barclays Africa which is based ins South Africa.

6) Barclays Bank is not shutting operations. NOT BARCLAYS AFRICA AND NOT BARCLAYS KENYA.



You points are the ones that are misleading. Points 3 and 6 are contradictory. I highly doubt once they sell their shares the new entity will operate as Barclays Bank.
Anyway let us wait and see. We can extract this thread from the archives and see who was right.
It is a curious fact that of all the illusions that beset mankind, none is quite as curious as that tendency to suppose that we are mentally and morally superior to those who differ from us in opinion.
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sitaki.kujulikana
#8 Posted : Sunday, February 28, 2016 2:44:14 PM
Rank: Veteran

Joined: 8/25/2012
Posts: 1,826
sumuni wrote:
ayushnehra wrote:
@sumuni It seems you need to be corrected here.. The title of this is so misleading. Let me explain it in simple terms so you don't spread this.

1) Barclays Bank Kenya is a subsidiary of Barclays Africa.

2) Barclays Africas Holdings are split i.e. (for the sake of understanding)
- Barclays Bank UK - 62 %
- Not Barclays Bank UK - 38%

3) Barclays Bank UK wants to sell it's 62% to a buyer. Just as you buy an sell shares( on a smaller scale if you do)

4) Operations will go on as per usual.

5) Markets will react that the UK brother is going away.. doesn't mean whoever buys that share may not do a better job.. Who Knows . That is the uncertainty and that is the beauty of Stock Markets. This decision may have been affected by wearing rand which has affected the listed value of Barclays Africa which is based ins South Africa.

6) Barclays Bank is not shutting operations. NOT BARCLAYS AFRICA AND NOT BARCLAYS KENYA.



You points are the ones that are misleading. Points 3 and 6 are contradictory. I highly doubt once they sell their shares the new entity will operate as Barclays Bank.
Anyway let us wait and see. We can extract this thread from the archives and see who was right.

the beauty of the internet and remembering things
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Mpenzi
#9 Posted : Sunday, February 28, 2016 5:00:50 PM
Rank: Veteran

Joined: 10/17/2008
Posts: 1,234
ayushnehra wrote:
@sumuni It seems you need to be corrected here.. The title of this is so misleading. Let me explain it in simple terms so you don't spread this.

1) Barclays Bank Kenya is a subsidiary of Barclays Africa.

2) Barclays Africas Holdings are split i.e. (for the sake of understanding)
- Barclays Bank UK - 62 %
- Not Barclays Bank UK - 38%

3) Barclays Bank UK wants to sell it's 62% to a buyer. Just as you buy an sell shares( on a smaller scale if you do)

4) Operations will go on as per usual.

5) Markets will react that the UK brother is going away.. doesn't mean whoever buys that share may not do a better job.. Who Knows . That is the uncertainty and that is the beauty of Stock Markets. This decision may have been affected by wearing rand which has affected the listed value of Barclays Africa which is based ins South Africa.

6) Barclays Bank is not shutting operations. NOT BARCLAYS AFRICA AND NOT BARCLAYS KENYA.




Once Barclays sells its stake in Barclays Africa, the Barclays Africa and Barclays Kenya will have to change their names. It's as simple as that.
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ayushnehra
#10 Posted : Sunday, February 28, 2016 5:59:57 PM
Rank: Member

Joined: 1/4/2015
Posts: 153
There is big difference between SHUTTING DOWN (closing business) and maybe CHANGING OF NAMES..!!

It's like saying Ukwala Supermarkets are shutting..No they are still open and will just be rebranded with a different name..
Dreams are not the thing you see in your sleep..it's the thing that doesn't let you sleep. - A.P.J. Abdul Kalam
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