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Sidian Bank Ltd
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penkon
#1 Posted : Thursday, March 24, 2016 4:21:02 PM
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Joined: 3/12/2014
Posts: 96
k-rep re-brands and changes name to Sidian bank
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enyands
#2 Posted : Thursday, March 24, 2016 5:29:25 PM
Rank: Elder


Joined: 12/25/2014
Posts: 2,300
Location: kenya
penkon wrote:
k-rep re-brands and changes name to Sidian bank


K-rep Name seems hideous this one is better though almost sounds like sudan bank Laughing out loudly
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Boris Boyka
#3 Posted : Thursday, March 24, 2016 6:17:36 PM
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Joined: 11/15/2013
Posts: 1,977
Location: Here
enyands wrote:
penkon wrote:
k-rep re-brands and changes name to Sidian bank


K-rep Name seems hideous this one is better though almost sounds like sudan bank Laughing out loudly

To me it sounds Indian, Guardian, Meridian.....Imperial..
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Chaka
#4 Posted: : Thursday, March 24, 2016 9:39:16 PM
Rank: Elder


Joined: 2/16/2007
Posts: 2,114
penkon wrote:
k-rep re-brands and changes name to Sidian bank

What informed that name?Just curious,What does Nabo mean i,e as in Nabo capital which is centum's asset management outfit?
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Ethiteri
#5 Posted : Thursday, March 24, 2016 11:22:26 PM
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Joined: 2/4/2016
Posts: 175
Location: Global
Whats in a name?What does ECO mean or Barclays for that matter.

Anyhow it does not inspire confidence.More like Inoreero Uni.
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murchr
#6 Posted : Thursday, March 24, 2016 11:37:06 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
Boris Boyka wrote:
enyands wrote:
penkon wrote:
k-rep re-brands and changes name to Sidian bank


K-rep Name seems hideous this one is better though almost sounds like sudan bank Laughing out loudly

To me it sounds Indian, Guardian, Meridian.....Imperial..


You are really forcing that rhyme Laughing out loudly
"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
.
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Boris Boyka
#7 Posted : Friday, March 25, 2016 6:32:09 AM
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Joined: 11/15/2013
Posts: 1,977
Location: Here
murchr wrote:
Boris Boyka wrote:
enyands wrote:
penkon wrote:
k-rep re-brands and changes name to Sidian bank


K-rep Name seems hideous this one is better though almost sounds like sudan bank Laughing out loudly

To me it sounds Indian, Guardian, Meridian.....Imperialian..


You are really forcing that rhyme Laughing out loudly

Especially the bold one Laughing out loudly
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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stockshunter
#8 Posted : Sunday, April 24, 2016 6:33:47 PM
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Joined: 1/16/2014
Posts: 114
Who owns controlling stake in Sidian bank?
fear makes people live a miserable life.
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Realtreaty
#9 Posted : Sunday, April 24, 2016 7:26:26 PM
Rank: Elder


Joined: 8/16/2011
Posts: 2,297
Ethiteri wrote:
Whats in a name?What does ECO mean or Barclays for that matter.

Anyhow it does not inspire confidence.More like Inoreero Uni.

Laughing out loudly Laughing out loudly Laughing out loudly
Inorero would mean a place where minds are sharpened or when to be shaped up!!!!
Sidian is actually American, name mostly involved in artistry, dragon myths, comics etcsmile smile

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streetwise
#10 Posted : Sunday, April 24, 2016 8:21:11 PM
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Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Centum has as about 70% share ownership
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enyands
#11 Posted : Thursday, August 04, 2016 10:38:10 PM
Rank: Elder


Joined: 12/25/2014
Posts: 2,300
Location: kenya
He told the National Assembly’s Public Accounts Committee (PAC) that four other managers at Sidian Bank, formerly known as K-Rep, are undergoing tests that the CBK is undertaking to ascertain whether that they are fit to hold office.

banks fines 3m because of involvement with NYS SAGA
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murchr
#12 Posted : Monday, October 24, 2016 7:32:48 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
Sidian Bank, majority owned by investment firm Centum, has announced a new voluntary retirement plan targeting 108 staff as it moves to trim its payroll.
"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
.
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Angelica _ann
#13 Posted : Monday, October 24, 2016 7:43:39 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
murchr wrote:
Sidian Bank, majority owned by investment firm Centum, has announced a new voluntary retirement plan targeting 108 staff as it moves to trim its payroll.

This was bound to happen after Centum takeover and its re-branding. They kind of had majority of employees still old skul type earning handsomely because of longevity.
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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Surething
#14 Posted : Tuesday, October 25, 2016 12:32:15 AM
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Joined: 7/12/2016
Posts: 39
Location: Nairobi
Worked for this bank a for few years in the early 00's. Hard to imagine it was once bigger that Equity, had one MD Kimanthi Mutua for ages and a very conservative philosophy when it came to innovations and got badly left behind.

Were still insisting on SME group lending when Equity was poaching it's customers with the enducement of individual SME loans and then embarked on a disastrous restructuring experiment whose legacy was the move of HQ from Kawangware to Hurlingham with a veiw to attract well heeled clients, that saw It make a mixture of subdued profits & small losses for a decade or so while their peers were making supernormal profits setting the stage for politically connected centum to eventually come in with its own set of challenges (Read NYS loot deposits)
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VituVingiSana
#15 Posted : Thursday, August 22, 2019 12:38:55 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
Sidian claws back from losses on loans growth
https://www.businessdail...44230-ak2nkr/index.html

“As part of the financing agreement, IFU will have the option within the first three years, to convert the outstanding principal loan into equity which will translate to shareholding of approximately 20 percent of the bank,” said Sidian Bank board chairman and Centum CEO James Mworia.

>>> The loan is for Shs 1.2bn. A small profit but a profit nonetheless. Applause
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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