Rank: Elder Joined: 6/23/2009 Posts: 14,322 Location: nairobi
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watesh wrote:obiero wrote:watesh wrote:mlennyma wrote:watesh wrote:The demand has shot up massively. Supply drying up Signs were clear yesterday, many wazuans have no intention of buying anything, however this reverse will depend on the banks Q3 and Q4 we might see a second adjustment if the effect is steep Q3 will be solid results. Q4 and H1 2017 will be a taste of the new law if old loans are repriced to 14.5% This will not happen. Old loans cannot be renegotiated arbitrarily. It will be challenged in court If they dont reprice the old loans, the customer will move to another bank get a cheaper loan and pay off that expensive one. Easier said than done. Negotiation fee at 2.5 to 3 percent plus secured facilities have the legal charge locked on encumberance. Barrier to exit is high.. A prudent borrower would rather renegotiate with current bank COOP, IMH, KEGN, KQ, MTNU
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