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butterflyke		#881 Posted : Wednesday, August 31, 2016 10:33:51 PM
Rank: Elder Joined: 5/1/2010 Posts: 3,024 Location: Hapa		Njung'e wrote: obiero wrote: [quote=Angelica _ann][quote=Obi 1 Kanobi][quote=KulaRaha][quote=mwenza][quote=Ericsson]@newfarer Wait... Umeniita darling?? .....I think we should cap other INTERESTs too Float like a butterfly, sting like a bee. - Muhammad Ali🐝
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Swenani		#882 Posted : Thursday, September 01, 2016 11:49:53 AM
Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum		Hawkers!! Quote: Further to the new developments in our lending framework, we can now confirm that you can get an unsecured facility with us ( Barclays Bank of Kenya) for 14.5% interest on reducing balance and interest on savings account of 7.3% p.a. Should you wish to take advantage of this window of opportunity, ( based on fluidity and credit risk, it may move to secured propositions and collateral secured lending) to access affordable funding for your projects. If Obiero did it, Who Am I?
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Impunity		#883 Posted : Thursday, September 01, 2016 12:02:35 PM
Rank: Elder Joined: 3/2/2009 Posts: 26,330 Location: Masada		Swenani wrote: Hawkers!! Quote: Further to the new developments in our lending framework, we can now confirm that you can get an unsecured facility with us ( Barclays Bank of Kenya) for 14.5% interest on reducing balance and interest on savings account of 7.3% p.a. Should you wish to take advantage of this window of opportunity, ( based on fluidity and credit risk, it may move to secured propositions and collateral secured lending) to access affordable funding for your projects. If they offer loan at reducing balances,it's only fair to offer the 7.36% savings account on a compound interest compounded daily. Portfolio: Sold You know you've made it when you get a parking space for your yatcht.
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streetwise		#884 Posted : Thursday, September 01, 2016 12:55:35 PM
Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi		Kwani you want to kill them
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Impunity		#885 Posted : Thursday, September 01, 2016 1:31:18 PM
Rank: Elder Joined: 3/2/2009 Posts: 26,330 Location: Masada		streetwise wrote: Kwani you want to kill them It's our time to eat. Portfolio: Sold You know you've made it when you get a parking space for your yatcht.
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HaMaina		#886 Posted : Thursday, September 01, 2016 1:48:23 PM
Rank: Veteran Joined: 4/23/2014 Posts: 926		Is it true that CBK has issued notice giving banks & mortgage companies until September 14th to fully implement the Banking Act 2016. “You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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obiero		#887 Posted : Thursday, September 01, 2016 2:20:16 PM
Rank: Elder Joined: 6/23/2009 Posts: 13,903 Location: nairobi		HaMaina wrote: Is it true that CBK has issued notice giving banks & mortgage companies until September 14th to fully implement the Banking Act 2016. http://www.businessdaily...365534-lkln7n/index.html COOP ABP 15.85; IMH ABP 35.55; KQ ABP 5.75; MTN ABP 5.20
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Impunity		#888 Posted : Thursday, September 01, 2016 2:57:00 PM
Rank: Elder Joined: 3/2/2009 Posts: 26,330 Location: Masada		obiero wrote: HaMaina wrote: Is it true that CBK has issued notice giving banks & mortgage companies until September 14th to fully implement the Banking Act 2016. http://www.businessdaily...65534-lkln7n/index.html Kameumana sasa. Portfolio: Sold You know you've made it when you get a parking space for your yatcht.
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obiero		#889 Posted : Thursday, September 01, 2016 3:12:56 PM
Rank: Elder Joined: 6/23/2009 Posts: 13,903 Location: nairobi		Impunity wrote: obiero wrote: HaMaina wrote: Is it true that CBK has issued notice giving banks & mortgage companies until September 14th to fully implement the Banking Act 2016. http://www.businessdaily...65534-lkln7n/index.html Kameumana sasa. Negwo mani.. Kumethoka COOP ABP 15.85; IMH ABP 35.55; KQ ABP 5.75; MTN ABP 5.20
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karete		#890 Posted : Thursday, September 01, 2016 3:47:43 PM
Rank: New-farer Joined: 5/23/2016 Posts: 19		obiero wrote: [quote=HaMaina]Is it true that CBK has issued notice giving banks & mortgage companies until September 14th to fully implement the Banking Act 2016. http://www.businessdaily...65534-lkln7n/index.html[/quote] Did they have to wait for this?
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penkon		#891 Posted : Thursday, September 01, 2016 4:34:39 PM
Rank: New-farer Joined: 3/12/2014 Posts: 96		karete wrote: obiero wrote: [quote=HaMaina]Is it true that CBK has issued notice giving banks & mortgage companies until September 14th to fully implement the Banking Act 2016. http://www.businessdaily...65534-lkln7n/index.html[/quote] Did they have to wait for this?
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streetwise		#892 Posted : Thursday, September 01, 2016 4:53:50 PM
Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi		There is no need for notice when one bank is already advertising that they can buy other banks loans. Fall in line is the word
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obiero		#893 Posted : Thursday, September 01, 2016 5:10:32 PM
Rank: Elder Joined: 6/23/2009 Posts: 13,903 Location: nairobi		karete wrote: obiero wrote: [quote=HaMaina]Is it true that CBK has issued notice giving banks & mortgage companies until September 14th to fully implement the Banking Act 2016. http://www.businessdaily...65534-lkln7n/index.html[/quote] Did they have to wait for this? Dkt Mwangi shall be jailed http://www.businessdaily...item-1-o2ftg7/index.html COOP ABP 15.85; IMH ABP 35.55; KQ ABP 5.75; MTN ABP 5.20
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instinct		#894 Posted : Sunday, September 04, 2016 10:16:45 PM
Rank: Member Joined: 8/17/2007 Posts: 294		obiero wrote: karete wrote: [quote=obiero][quote=HaMaina]Is it true that CBK has issued notice giving banks & mortgage companies until September 14th to fully implement the Banking Act 2016. http://www.businessdaily...65534-lkln7n/index.html[/quote] Did they have to wait for this? Dkt Mwangi shall be jailed http://www.businessdaily...tem-1-o2ftg7/index.html[/quote] bado hajaamini
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KulaRaha		#895 Posted : Monday, September 05, 2016 8:26:03 AM
Rank: Elder Joined: 7/26/2007 Posts: 6,514		CBK giving zero direction in this matter. How can a 1 year loan and a 7 year loan both cost 14.5%? Also, what is the formula to calculate CBR or is it an arbitrary rate? Business opportunities are like buses,there's always another one coming
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obiero		#896 Posted : Monday, September 05, 2016 8:33:20 AM
Rank: Elder Joined: 6/23/2009 Posts: 13,903 Location: nairobi		KulaRaha wrote: CBK giving zero direction in this matter. How can a 1 year loan and a 7 year loan both cost 14.5%? Also, what is the formula to calculate CBR or is it an arbitrary rate? The 14.5 percent is per annum.. Nothing confused about CBK on the matter COOP ABP 15.85; IMH ABP 35.55; KQ ABP 5.75; MTN ABP 5.20
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obiero		#897 Posted : Monday, September 05, 2016 8:35:14 AM
Rank: Elder Joined: 6/23/2009 Posts: 13,903 Location: nairobi		KulaRaha wrote: CBK giving zero direction in this matter. How can a 1 year loan and a 7 year loan both cost 14.5%? Also, what is the formula to calculate CBR or is it an arbitrary rate? The 14.5 percent is per annum.. Nothing confused about CBK on the matter COOP ABP 15.85; IMH ABP 35.55; KQ ABP 5.75; MTN ABP 5.20
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obiero		#898 Posted : Monday, September 05, 2016 8:36:54 AM
Rank: Elder Joined: 6/23/2009 Posts: 13,903 Location: nairobi		KulaRaha wrote: CBK giving zero direction in this matter. How can a 1 year loan and a 7 year loan both cost 14.5%? Also, what is the formula to calculate CBR or is it an arbitrary rate? The 14.5 percent is per annum.. Nothing confused about CBK on the matter COOP ABP 15.85; IMH ABP 35.55; KQ ABP 5.75; MTN ABP 5.20
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KulaRaha		#899 Posted : Monday, September 05, 2016 8:40:23 AM
Rank: Elder Joined: 7/26/2007 Posts: 6,514		obiero wrote: KulaRaha wrote: CBK giving zero direction in this matter. How can a 1 year loan and a 7 year loan both cost 14.5%? Also, what is the formula to calculate CBR or is it an arbitrary rate? The 14.5 percent is per annum.. Nothing confused about CBK on the matter So yield curve is flat regardless of tenor? Business opportunities are like buses,there's always another one coming
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obiero		#900 Posted : Monday, September 05, 2016 9:02:19 AM
Rank: Elder Joined: 6/23/2009 Posts: 13,903 Location: nairobi		KulaRaha wrote: obiero wrote: KulaRaha wrote: CBK giving zero direction in this matter. How can a 1 year loan and a 7 year loan both cost 14.5%? Also, what is the formula to calculate CBR or is it an arbitrary rate? The 14.5 percent is per annum.. Nothing confused about CBK on the matter So yield curve is flat regardless of tenor? Yes. It is, though on reducing balance. Ideally longer tenors should have higher rates but this shall be where banks will punish consumers by maxing all product lines at the very top. Plus the CBR is subject to fluctuations. So in year 1 one may pay 14.5 but in year 2 the same could change to 23 percent. It's now in the hands of government COOP ABP 15.85; IMH ABP 35.55; KQ ABP 5.75; MTN ABP 5.20
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