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Law Capping interest rates
Rank: Elder Joined: 3/2/2009 Posts: 26,335 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: 26,335 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: 10,836 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: 14,476 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 COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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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: 26,335 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: 26,335 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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