Law Capping interest rates - Page 110 - Economy - Wazua

Welcome Guest

Wazua » Investor » Economy » Law Capping interest rates

Law Capping interest rates

Options

Previous Topic · Next Topic

Impunity		#1091 Posted : Thursday, September 15, 2016 3:53:04 PM
Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada		M-thurari just sent me an sms that my deposit will now earn 7.35% pa while the loan "facility fee" remained 7.5% per loan. Very hogwash coz they think the spirit of the LAW will not catch up with them. First they have not even said if the loan period is indefinite, they have not said whether the loan facility fee is 7.5% pm, pa or indef! If you look at the "normal loan" say a Kes.1,000,000 loan, a bank will normally lend you at an interest of say 14.5% pa and charge you a facilitation fee of 1% paid once. So this means M-thurari is giving us loans at a ZERO interest rate with facilitation fee levied at 7.5%, per what? I dont know! These guys will not know what hit them when everyone will singing Equitel. May be shit will hit them. Thank me. Portfolio: Sold You know you've made it when you get a parking space for your yatcht.
Back to top		\|
User Profile

obiero		#1092 Posted : Thursday, September 15, 2016 3:59:09 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,320 Location: nairobi		Impunity wrote: M-thurari just sent me an sms that my deposit will now earn 7.35% pa while the loan "facility fee" remained 7.5% per loan. Very hogwash coz they think the spirit of the LAW will not catch up with them. First they have not even said if the loan period is indefinite, they have not said whether the loan facility fee is 7.5% pm, pa or indef! If you look at the "normal loan" say a Kes.1,000,000 loan, a bank will normally lend you at an interest of say 14.5% pa and charge you a facilitation fee of 1% paid once. So this means M-thurari is giving us loans at a ZERO interest rate with facilitation fee levied at 7.5%, per what? I dont know! These guys will not know what hit them when everyone will singing Equitel. May be shit will hit them. Thank me. Equity will kill CBA unless they react immediately COOP, IMH, KEGN, KQ, MTNU
Back to top		WWW \|
User Profile

VituVingiSana		#1093 Posted : Thursday, September 15, 2016 4:25:44 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,371 Location: Nairobi		Impunity wrote: M-thurari just sent me an sms that my deposit will now earn 7.35% pa while the loan "facility fee" remained 7.5% per loan. Very hogwash coz they think the spirit of the LAW will not catch up with them. First they have not even said if the loan period is indefinite, they have not said whether the loan facility fee is 7.5% pm, pa or indef! If you look at the "normal loan" say a Kes.1,000,000 loan, a bank will normally lend you at an interest of say 14.5% pa and charge you a facilitation fee of 1% paid once. So this means M-thurari is giving us loans at a ZERO interest rate with facilitation fee levied at 7.5%, per what? I dont know! These guys will not know what hit them when everyone will singing Equitel. May be shit will hit them. Thank me. I prefer Equity over KCB! Big up to JM. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
Back to top		\|
User Profile

Impunity		#1094 Posted : Thursday, September 15, 2016 4:39:47 PM
Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada		VituVingiSana wrote: Impunity wrote: M-thurari just sent me an sms that my deposit will now earn 7.35% pa while the loan "facility fee" remained 7.5% per loan. Very hogwash coz they think the spirit of the LAW will not catch up with them. First they have not even said if the loan period is indefinite, they have not said whether the loan facility fee is 7.5% pm, pa or indef! If you look at the "normal loan" say a Kes.1,000,000 loan, a bank will normally lend you at an interest of say 14.5% pa and charge you a facilitation fee of 1% paid once. So this means M-thurari is giving us loans at a ZERO interest rate with facilitation fee levied at 7.5%, per what? I dont know! These guys will not know what hit them when everyone will singing Equitel. May be shit will hit them. Thank me. I prefer Equity over KCB! Big up to JM. These CBA guys are still flip floping between defining a fee and an iterest when the spirit of the law is very clear. Equity just nailed it! CBA want to pay us deposit on fixed income at 7.35% pa and charge us interest of 90% pa...okay. Portfolio: Sold You know you've made it when you get a parking space for your yatcht.
Back to top		\|
User Profile

streetwise		#1095 Posted : Thursday, September 15, 2016 4:42:54 PM
Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi		The banks need to remember the per minute and per second war between safcom and airtel. From the time airtel lost that war they never recovered. They need to copy JM and very quickly
Back to top		\|
User Profile

washiku		#1096 Posted : Thursday, September 15, 2016 4:53:58 PM
Rank: Chief Joined: 5/9/2007 Posts: 13,095		IMF says rates capping could erode Central Bank autonomy:Control of interest rates may compromise the independence of the Central Bank of Kenya (CBK) since it will set the base rate with consideration of public or political interests, the International Monetary Fund (IMF) has said. A needy child's education depends on you. Click here to assist
Back to top		\|
User Profile

wukan		#1097 Posted : Thursday, September 15, 2016 5:13:58 PM
Rank: Veteran Joined: 11/13/2015 Posts: 1,658		wukan wrote: KulaRaha wrote: obiero wrote: KulaRaha wrote: At 12.9% kcb and co are doomed. What forms the basis of your judgement. Kenyan banks could lend at 5% and still make a profit.. It all depends on cost of funds.. Recalibration of the accounts that qualify for the minimum of 70% on CBR shall determine which bank thrives.. COOP via the SACCO movement remains the best bet to ride this wave With a gross spread of 6% and npls higher, how will they earn a profit? The aim is to maintain the market share so for a while the profit motive takes a chill. I would bet Equity would come at 12% and effectively wipe out the Sacco movement's value proposition. Why would anyone borrow their own money at 12% when you can get it from the bank? I would expect Sacco deposits will shrink so Coop would the worst bus James Mwangi makes this point clear, "saccos, MFIs will struggle to defend their market share". It's a volume game only the big boys will survive. http://www.bloomberg.com...an-banks-equity-ceo-says
Back to top		\|
User Profile

Aguytrying		#1098 Posted : Thursday, September 15, 2016 6:54:09 PM
Rank: Elder Joined: 7/11/2010 Posts: 5,040		I need an equitel line. Stat. This is free money! The investor's chief problem - and even his worst enemy - is likely to be himself
Back to top		\|
User Profile

murchr		#1099 Posted : Thursday, September 15, 2016 6:57:47 PM
Rank: Elder Joined: 2/26/2012 Posts: 15,980		"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore .
Back to top		\|
User Profile

Plimsoul		#1100 Posted : Thursday, September 15, 2016 7:50:44 PM
Rank: Member Joined: 3/3/2016 Posts: 132		Equity's new strategy post capping is just its old strategy: grow fast, use equitel, efficiency. What's new?
Back to top		\|
User Profile

303 Pages«<108109110111112>»

Wazua » Investor » Economy » Law Capping interest rates

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.

Watch this topic
Print this topic

Normal
Threaded