VituVingiSana wrote:There I was all excited that it was an announcement that GoK is going to buy KQLC's shares in KQ.
It's really sweet to be a MP in Kenya. These crooks know little to nothing about banking. This is about stipends and allowances.
If CBK did not play favorites, it would have shut down NBK a long time ago given it does not meet more the Capital Ratios per CBK's guidelines.
Those powers to shut a bank were taken away from CBK and given to the Treasury Minister through an ammendment in parliament.
This was after Dr Patrick shut down Dubai,Imperial and Chase bank.
NBK,Consolidated,Spire bank were in the list to follow after the first three
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle