Wazua
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Law Capping interest rates
Rank: Elder Joined: 6/23/2009 Posts: 13,552 Location: nairobi
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obiero wrote:obiero wrote:obiero wrote:sparkly wrote:obiero wrote:MaichBlack wrote:obiero wrote:muandiwambeu wrote:[quote=Ebenyo][quote=obiero]I told you guys to sell off bank stocks in 2014. Luckily made it out of some major holdings in good time.. but a big percent of your portfolio is still in banks! so, what do you expect to be a fair hair cut on obieros portfolio as a result of kamwanaas house attempt to please Wanjiku. what will be the overall industries' hit in percentage. my fair guess from my lender's perspective (16-14.5)/(16*0.5)*100=18.75% conservetively thieves. COOP & HF will come out strongest in this.. Too little meat to be bitten out from the two. Plus HF has never been strong on deposits being only licensed to have current accounts a few months ago!! HF will have the least interest expense of all listed lenders Hey @Obiero. Bill not signed. And please note I did not put the word 'yet' at the end. Its bound to be signed on Monday 29th Aug 2016 The bankers will visit statehouse with big brown envelop and this story will be forgotten. Smaller banks will fold Here we are... Family fires it's staff https://citizentv.co.ke/...fs-to-cut-costs-143841/
and then Sidian lays off 108 workers http://www.businessdaily...9550-3428588-151f209z/, then Ecobank collapses 9 branches http://www.businessdaily...6506-316lohz/index.html
First Community Bank let go of a quarter of its staff http://www.the-star.co.k...osed-number-of_c1451638
And now BoA closes 12 branches. Sad state of affairs http://www.businessdaily...92926-jp394sz/index.html
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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obiero wrote:muandiwambeu wrote:obiero wrote:maka wrote:obiero wrote:obiero wrote:obiero wrote:sparkly wrote:obiero wrote:MaichBlack wrote:obiero wrote:muandiwambeu wrote:[quote=Ebenyo][quote=obiero]I told you guys to sell off bank stocks in 2014. Luckily made it out of some major holdings in good time.. but a big percent of your portfolio is still in banks! so, what do you expect to be a fair hair cut on obieros portfolio as a result of kamwanaas house attempt to please Wanjiku. what will be the overall industries' hit in percentage. my fair guess from my lender's perspective (16-14.5)/(16*0.5)*100=18.75% conservetively thieves. COOP & HF will come out strongest in this.. Too little meat to be bitten out from the two. Plus HF has never been strong on deposits being only licensed to have current accounts a few months ago!! HF will have the least interest expense of all listed lenders Hey @Obiero. Bill not signed. And please note I did not put the word 'yet' at the end. Its bound to be signed on Monday 29th Aug 2016 The bankers will visit statehouse with big brown envelop and this story will be forgotten. Smaller banks will fold Here we are... Family & Sidian, then Ecobank collapses 9 branches http://www.businessdaily...6506-316lohz/index.html[/quote] And now BoA closes 12 branches. Sad state of affairs http://www.businessdaily...2926-jp394sz/index.html[/quote] Na bado... Mola awe nasi Mola usaidia mwenye kujisaidia. Kwa hao wengine maisha naiwe ngumu kama steel balls, sio mimi nasema mabenki yamekaa kindete na mapeso yao. Eti loan siku hizi requirements nikama hapa chini 1. Credit worthnes history of your great grand father and mother 2. DNA clearance certificate that your gene has not been thogothaniad(adulterated) 3. You have more money than you personally require. 4. You are under 50yrs and of clean insurable health status . . . . . . Endless list Then lastly By exemption. I foresee no rebounce anywhere near before the big fishes eat all small fishes and rawats to extinction. Pesa ndio hakuna. Ng'ooooooo ng'o  @muandiwambeu all is not lost, now is the best time to get select stocks To hell with the race,there are better things to ride than cars and shares.  So, what do I buy with? My hands or you will afford me some kamchango @obiero.  This bear run has not had its fill. And will be about for a well. Better know that, a bull is unsustainable with the prevailing cash drought. Selling Tom to Buy Dick and then selling Dick to buy Harry is purely fundamental driven and tactical. Shorting in otherwords will only fuel further capitulation. Welcome President Donald Trump. We love you so much. We come in masses to thank you for your election. And now that you made it, lend me and Obiero, brother Millie some dollars, tutalipa polepole . we are very enterprising and good at the art of dealing too. ,Behold, a sower went forth to sow;....
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Rank: Elder Joined: 6/23/2009 Posts: 13,552 Location: nairobi
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Smaller Kenyan banks are at Lord's mercy, which gratefully is always sufficient
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,552 Location: nairobi
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obiero wrote:Smaller Kenyan banks are at Lord's mercy, which gratefully is always sufficient http://www.businessdaily...2926-157a5bfz/index.html
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 5/21/2013 Posts: 2,841 Location: Here
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Banks in fresh trouble as new Bill proposes ban on deposits of public fundsLife is like playing a violin solo in public and learning the instrument as one goes on.
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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KCB will be the biggest beneficiary according to the report Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 2/8/2013 Posts: 4,068 Location: At Large.
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I hear iko sour grapes hapa after parastatals that had funds in Imperial and Chase refused to bribe someone to avoid bad press and this bill. I also hear this has been in tge works for sometime and treasury gave up the idea of a STA at CBK because of the reconciliation nightmare. We wait and see but it may take long and yes banking is getting messier everyday. Love is beautiful and so are those who share it.With Love, Marriage is an amazing event in ones life time, the foundation of joy, happiness and success.
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Rank: Elder Joined: 2/8/2013 Posts: 4,068 Location: At Large.
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Love is beautiful and so are those who share it.With Love, Marriage is an amazing event in ones life time, the foundation of joy, happiness and success.
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Rank: Elder Joined: 11/5/2010 Posts: 2,459
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Some MPs have just gotten themselves a huge payment in term for campaign. Banks ignored hon. Jude Jomo last year and it turned out to be the most expensive mistake. They won't repeat that mistake. Hon. Ichungwa has just become a very expensive guy to buy.
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Rank: Veteran Joined: 7/5/2010 Posts: 2,061 Location: Nairobi
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Bigchick wrote:I hear iko sour grapes hapa after parastatals that had funds in Imperial and Chase refused to bribe someone to avoid bad press and this bill. I also hear this has been in tge works for sometime and treasury gave up the idea of a STA at CBK because of the reconciliation nightmare. We wait and see but it may take long and yes banking is getting messier everyday. Sounds logical (from a protection of public funds point of view -though it will leave some banks in weak positions if all those millions were to flow out), even if the motives on the part of the mover(s) might not be pure
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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Ericsson wrote:KCB will be the biggest beneficiary according to the report BUY BUY BUY BUY BUY BUY BUY BUY BUY......... Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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quicksand wrote:Bigchick wrote:I hear iko sour grapes hapa after parastatals that had funds in Imperial and Chase refused to bribe someone to avoid bad press and this bill. I also hear this has been in tge works for sometime and treasury gave up the idea of a STA at CBK because of the reconciliation nightmare. We wait and see but it may take long and yes banking is getting messier everyday. Sounds logical (from a protection of public funds point of view -though it will leave some banks in weak positions if all those millions were to flow out), even if the motives on the part of the mover(s) might not be pure What %age of Coop is owned by Gaament? Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Member Joined: 1/3/2014 Posts: 257
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Impunity wrote:quicksand wrote:Bigchick wrote:I hear iko sour grapes hapa after parastatals that had funds in Imperial and Chase refused to bribe someone to avoid bad press and this bill. I also hear this has been in tge works for sometime and treasury gave up the idea of a STA at CBK because of the reconciliation nightmare. We wait and see but it may take long and yes banking is getting messier everyday. Sounds logical (from a protection of public funds point of view -though it will leave some banks in weak positions if all those millions were to flow out), even if the motives on the part of the mover(s) might not be pure What %age of Coop is owned by Gaament? Looks like as of august 2016, 17.5% directly then 6% via NSSF as per this document: https://kcbbankgroup.com...Shareholder-Profile.pdf
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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Impunity wrote:quicksand wrote:Bigchick wrote:I hear iko sour grapes hapa after parastatals that had funds in Imperial and Chase refused to bribe someone to avoid bad press and this bill. I also hear this has been in tge works for sometime and treasury gave up the idea of a STA at CBK because of the reconciliation nightmare. We wait and see but it may take long and yes banking is getting messier everyday. Sounds logical (from a protection of public funds point of view -though it will leave some banks in weak positions if all those millions were to flow out), even if the motives on the part of the mover(s) might not be pure What %age of Coop is owned by Gaament? Government owns no shares in Coop Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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Ericsson wrote:Impunity wrote:quicksand wrote:Bigchick wrote:I hear iko sour grapes hapa after parastatals that had funds in Imperial and Chase refused to bribe someone to avoid bad press and this bill. I also hear this has been in tge works for sometime and treasury gave up the idea of a STA at CBK because of the reconciliation nightmare. We wait and see but it may take long and yes banking is getting messier everyday. Sounds logical (from a protection of public funds point of view -though it will leave some banks in weak positions if all those millions were to flow out), even if the motives on the part of the mover(s) might not be pure What %age of Coop is owned by Gaament? Government owns no shares in Coop Coop will be hit by this hard. My question is, what of where the only bank in town is mwiganania(equity), pesa iwekwe kwa mattress ama wapy? ,Behold, a sower went forth to sow;....
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Rank: Elder Joined: 6/23/2009 Posts: 13,552 Location: nairobi
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muandiwambeu wrote:Ericsson wrote:Impunity wrote:quicksand wrote:Bigchick wrote:I hear iko sour grapes hapa after parastatals that had funds in Imperial and Chase refused to bribe someone to avoid bad press and this bill. I also hear this has been in tge works for sometime and treasury gave up the idea of a STA at CBK because of the reconciliation nightmare. We wait and see but it may take long and yes banking is getting messier everyday. Sounds logical (from a protection of public funds point of view -though it will leave some banks in weak positions if all those millions were to flow out), even if the motives on the part of the mover(s) might not be pure What %age of Coop is owned by Gaament? Government owns no shares in Coop Coop will be hit by this hard. My question is, what of where the only bank in town is mwiganania(equity), pesa iwekwe kwa mattress ama wapy? This bill will never see the light of day.. A better proposal would be for parastatals to seek CBK approval prior to opening of bank accounts or even minimum core capital of the bank to be considered
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 5/21/2013 Posts: 2,841 Location: Here
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obiero wrote:muandiwambeu wrote:Ericsson wrote:Impunity wrote:quicksand wrote:Bigchick wrote:I hear iko sour grapes hapa after parastatals that had funds in Imperial and Chase refused to bribe someone to avoid bad press and this bill. I also hear this has been in tge works for sometime and treasury gave up the idea of a STA at CBK because of the reconciliation nightmare. We wait and see but it may take long and yes banking is getting messier everyday. Sounds logical (from a protection of public funds point of view -though it will leave some banks in weak positions if all those millions were to flow out), even if the motives on the part of the mover(s) might not be pure What %age of Coop is owned by Gaament? Government owns no shares in Coop Coop will be hit by this hard. My question is, what of where the only bank in town is mwiganania(equity), pesa iwekwe kwa mattress ama wapy? This bill will never see the light of day.. A better proposal would be for parastatals to seek CBK approval prior to opening of bank accounts or even minimum core capital of the bank to be considered I think this already exists but rarely enforced to the letter. What mostly happens (bureaucratic delays for approvals?) is that they go ahead and open accounts then declare the same to Treasury later. Some counties also often negotiate with banks to lend them funds (short-term) to cushion them against delays in receiving theirs from Treasury. I wonder what will become of such arrangements. Life is like playing a violin solo in public and learning the instrument as one goes on.
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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snipermnoma wrote:Impunity wrote:quicksand wrote:Bigchick wrote:I hear iko sour grapes hapa after parastatals that had funds in Imperial and Chase refused to bribe someone to avoid bad press and this bill. I also hear this has been in tge works for sometime and treasury gave up the idea of a STA at CBK because of the reconciliation nightmare. We wait and see but it may take long and yes banking is getting messier everyday. Sounds logical (from a protection of public funds point of view -though it will leave some banks in weak positions if all those millions were to flow out), even if the motives on the part of the mover(s) might not be pure What %age of Coop is owned by Gaament? Looks like as of august 2016, 17.5% directly then 6% via NSSF as per this document: https://kcbbankgroup.com...Shareholder-Profile.pdf
That meets the 20% threashold, albeit through the back door. Coop is one of my banking partners, I am surprised Member is not qualified, so I will reduce my activities with her. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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Ericsson wrote:Impunity wrote:quicksand wrote:Bigchick wrote:I hear iko sour grapes hapa after parastatals that had funds in Imperial and Chase refused to bribe someone to avoid bad press and this bill. I also hear this has been in tge works for sometime and treasury gave up the idea of a STA at CBK because of the reconciliation nightmare. We wait and see but it may take long and yes banking is getting messier everyday. Sounds logical (from a protection of public funds point of view -though it will leave some banks in weak positions if all those millions were to flow out), even if the motives on the part of the mover(s) might not be pure What %age of Coop is owned by Gaament? Government owns no shares in Coop If that is true then I am surprised...With Coop controlling all those Saccos and the way Saccos impact the common man, the gaamnet should have have a considerable stake in this big bank. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: New-farer Joined: 10/30/2016 Posts: 39 Location: nairobi
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obiero wrote:Smaller Kenyan banks are at Lord's mercy, which gratefully is always sufficient Buyout/ mergers may be the best way to go to avoid closure for these small banks.sadly they are the ones who provide personalised service since they have time for clients.. where a woman rules, rivers run uphill!
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