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Law Capping interest rates
Ericsson
#1111 Posted : Thursday, September 15, 2016 11:26:25 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,820
Location: NAIROBI
@VVS KCB has countered equity bank.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
streetwise
#1112 Posted : Thursday, September 15, 2016 11:34:55 PM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
I am happy kcb listened to advise to copy JM action. They would h as 've bled too much otherwise
guru267
#1113 Posted : Friday, September 16, 2016 8:26:22 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Shak wrote:
They'll still make money from loans taken from their branches in the other East African countries. I'm told interest rates in Uganda are as high as 23pc.


In Uganda most Banks currently have base rates of 24% - 25%. Unsecured borrowing is at between 27% - 29%

The problem is those lazy Ugandan MPigs always follow Kenya legislation.. Some lobby groups are already calling for capping rates at 5% above CBR which is currently at 15%
Mark 12:29
Deuteronomy 4:16
Impunity
#1114 Posted : Friday, September 16, 2016 8:37:21 AM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
maka wrote:
newfarer wrote:
watesh wrote:
BOOOM!! KCB has countered Equitel with 1.2% per month on KCB Mpesa product

This is cool men



Cool is an understatement....


Orgasmic!
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

majimaji
#1115 Posted : Friday, September 16, 2016 9:39:03 AM
Rank: Veteran

Joined: 4/4/2007
Posts: 1,162
Impunity wrote:
maka wrote:
newfarer wrote:
watesh wrote:
BOOOM!! KCB has countered Equitel with 1.2% per month on KCB Mpesa product

This is cool men



Cool is an understatement....


Orgasmic!


It's that good?
Impunity
#1116 Posted : Friday, September 16, 2016 11:13:13 AM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
majimaji wrote:
Impunity wrote:
maka wrote:
newfarer wrote:
watesh wrote:
BOOOM!! KCB has countered Equitel with 1.2% per month on KCB Mpesa product

This is cool men



Cool is an understatement....


Orgasmic!


It's that good?


Terrific!
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

tom_boy
#1117 Posted : Friday, September 16, 2016 11:48:19 AM
Rank: Member

Joined: 2/20/2007
Posts: 767
Where are those doomsayers, eti oooh, banks will not lend, oooooh , the end of kenyan economy, oooh sme will suffer from lack of credit. Wako wapi wajitokeze. In the history of Kenyan banks, no bank has ever collapsed because they lent to Wanjiku and that is a FACT.
They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
tom_boy
#1118 Posted : Friday, September 16, 2016 11:49:39 AM
Rank: Member

Joined: 2/20/2007
Posts: 767
Where are those doomsayers, eti oooh, banks will not lend, oooooh , the end of kenyan economy, oooh sme will suffer from lack of credit. Wako wapi wajitokeze. In the history of Kenyan banks, no bank has ever collapsed because they lent to Wanjiku and that is a FACT.
They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
streetwise
#1119 Posted : Friday, September 16, 2016 12:00:18 PM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Tell them they told us how the future will be and now the future is here can they raise their heads and say something.

You see its good to prophesise in such a way that the time will never come for us to confirm your prophesy. Wasome vitabu za kale waone how to do it
Ericsson
#1120 Posted : Friday, September 16, 2016 12:06:22 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,820
Location: NAIROBI
http://www.businessdaily...83470-xcwyot/index.html

Focus now shifts to m-suruali anf coop bank mobi loan who are yet to announce they have complied to the new law.
Woiii Gideon Muriuki the way he was first to talk saa hii haongei
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
303 Pages«<110111112113114>»
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