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Law Capping interest rates

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mlennyma		#921 Posted : Tuesday, September 06, 2016 9:58:59 AM
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi		mlennyma wrote: http://www.nation.co.ke/business/Cytonn-assigns-buy-rating-to-banking-stocks/996-3370094-myqaeu/index.html buy and stop making noise "Don't let the fear of losing be greater than the excitement of winning."
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washiku		#922 Posted : Tuesday, September 06, 2016 10:11:57 AM
Rank: Chief Joined: 5/9/2007 Posts: 13,095		Activist Okiya Omtatah has asked the High Court to compel lenders to lower their interest rates further, arguing that they have used the wrong benchmark rate to re-price their loans in line with a new law capping lending rates. A needy child's education depends on you. Click here to assist
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Angelica _ann		#923 Posted : Tuesday, September 06, 2016 10:15:28 AM
Rank: Elder Joined: 12/7/2012 Posts: 11,937		washiku wrote: Activist Okiya Omtatah has asked the High Court to compel lenders to lower their interest rates further, arguing that they have used the wrong benchmark rate to re-price their loans in line with a new law capping lending rates. Another haircut in the offing!!! This guy needs to open an mpesa paybill number In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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obiero		#924 Posted : Tuesday, September 06, 2016 10:36:31 AM
Rank: Elder Joined: 6/23/2009 Posts: 14,320 Location: nairobi		Angelica _ann wrote: washiku wrote: Activist Okiya Omtatah has asked the High Court to compel lenders to lower their interest rates further, arguing that they have used the wrong benchmark rate to re-price their loans in line with a new law capping lending rates. Another haircut in the offing!!! This guy needs to open an mpesa paybill number It would be funny if the threat of bank runs didn't exist. If anyone here holds cash in anything but a tier 1 or select tier 2, sleep with one eye open. Thank me later COOP, IMH, KEGN, KQ, MTNU
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Baratang		#925 Posted : Tuesday, September 06, 2016 10:38:52 AM
Rank: Member Joined: 10/6/2009 Posts: 587		Angelica _ann wrote: washiku wrote: Activist Okiya Omtatah has asked the High Court to compel lenders to lower their interest rates further, arguing that they have used the wrong benchmark rate to re-price their loans in line with a new law capping lending rates. Another haircut in the offing!!! This guy needs to open an mpesa paybill number This petition is not going anywhere. When the bill was signed into law it cleary stipulated that the prevailing interest rate will be based upon the Central Bank Rate (CBR) as the benchmark.
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Ngalaka		#926 Posted : Tuesday, September 06, 2016 11:03:58 AM
Rank: Veteran Joined: 10/29/2008 Posts: 1,566		washiku wrote: Activist Okiya Omtatah has asked the High Court to compel lenders to lower their interest rates further, arguing that they have used the wrong benchmark rate to re-price their loans in line with a new law capping lending rates. This guy lives in Court or something! I like the way he has influenced matters in our political and legal landscape. At least one effective activist. Isuni yilu yi maa me muyo - ni Mbisuu
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KulaRaha		#927 Posted : Tuesday, September 06, 2016 11:07:25 AM
Rank: Elder Joined: 7/26/2007 Posts: 6,514		Baratang wrote: Angelica _ann wrote: washiku wrote: Activist Okiya Omtatah has asked the High Court to compel lenders to lower their interest rates further, arguing that they have used the wrong benchmark rate to re-price their loans in line with a new law capping lending rates. Another haircut in the offing!!! This guy needs to open an mpesa paybill number This petition is not going anywhere. When the bill was signed into law it cleary stipulated that the prevailing interest rate will be based upon the Central Bank Rate (CBR) as the benchmark. Really? I understand the Hansard say it was KBRR MPs were referring to... So much half baked info out there, all because CBK wont give direction. Business opportunities are like buses,there's always another one coming
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mkate_nusu		#928 Posted : Tuesday, September 06, 2016 11:10:57 AM
Rank: Member Joined: 5/30/2016 Posts: 332 Location: Kayole		Baratang wrote: Angelica _ann wrote: washiku wrote: Activist Okiya Omtatah has asked the High Court to compel lenders to lower their interest rates further, arguing that they have used the wrong benchmark rate to re-price their loans in line with a new law capping lending rates. Another haircut in the offing!!! This guy needs to open an mpesa paybill number This petition is not going anywhere. When the bill was signed into law it cleary stipulated that the prevailing interest rate will be based upon the Central Bank Rate (CBR) as the benchmark. the interest rates can even shoot up to 20% when the CBR rises to 16%. This guy is talking of the Kenya Banks Reference Rate (KBRR) nothing new here. KEGN, KPLC, KQ, SCOM
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Impunity		#929 Posted : Tuesday, September 06, 2016 11:14:46 AM
Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada		mkate_nusu wrote: Baratang wrote: Angelica _ann wrote: washiku wrote: Activist Okiya Omtatah has asked the High Court to compel lenders to lower their interest rates further, arguing that they have used the wrong benchmark rate to re-price their loans in line with a new law capping lending rates. Another haircut in the offing!!! This guy needs to open an mpesa paybill number This petition is not going anywhere. When the bill was signed into law it cleary stipulated that the prevailing interest rate will be based upon the Central Bank Rate (CBR) as the benchmark. the interest rates can even shoot up to 20% when the CBR rises to 16%. This guy is talking of the Kenya Banks Reference Rate (KBRR) nothing new here. Its the same CBK who sets the KBRR...so this is a zero sum equation...CBR can easily set the KBRR = CBR. Mta do? Portfolio: Sold You know you've made it when you get a parking space for your yatcht.
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KulaRaha		#930 Posted : Tuesday, September 06, 2016 11:18:01 AM
Rank: Elder Joined: 7/26/2007 Posts: 6,514		When you borrow, you current letter of offer states KBRR, not CBR. All banks complied with this. So now, isn't KBRR the published reference rate? Business opportunities are like buses,there's always another one coming
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