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DTB: Diamond out of sight
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My 2 cents
#11 Posted : Saturday, October 16, 2021 8:19:42 AM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,091
It is basically run like a sacco in the sense that the biggest stakeholders are depositors - management strives to pay them as a high an interest as possible. Everybody else is secondary. Shareholders, employees etc.
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Ericsson
#12 Posted : Saturday, October 16, 2021 12:24:41 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,820
Location: NAIROBI
My 2 cents wrote:
It is basically run like a sacco in the sense that the biggest stakeholders are depositors - management strives to pay them as a high an interest as possible. Everybody else is secondary. Shareholders, employees etc.


And giving out loans to their buddies.
How were they caught in Nakumatt then Tuskys.
KCB used to be the bankers of Tuskys then bolted out when they saw things turning for the worse,how DTB got involved nobody knows.
They then involved themselves in Brittania which went under with their money.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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My 2 cents
#13 Posted : Saturday, October 16, 2021 5:29:33 PM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,091
Then there was the 1.2 billion to the Ugandan who took them to Ugandan court to claim the loan was illegal because it was made by the Kenyan branch. I wonder where they are with this.
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kmucheke
#14 Posted : Monday, October 18, 2021 3:52:51 PM
Rank: Member

Joined: 3/16/2019
Posts: 313
My 2 cents wrote:
Then there was the 1.2 billion to the Ugandan who took them to Ugandan court to claim the loan was illegal because it was made by the Kenyan branch. I wonder where they are with this.


The Court of Appeal set aside the High court ruling and ordered a retrial at the high court. The case had caused ripples in the Ug banking sector. LINK

Equity had a similar case in Ug where Simbamanyo was disputing the legality of the loan. Equity went ahead and auctioned his property after expiry of the repayment deadline. LINK

Seems DTB is weak
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VituVingiSana
#15 Posted : Tuesday, October 19, 2021 8:35:22 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,371
Location: Nairobi
kmucheke wrote:
My 2 cents wrote:
Then there was the 1.2 billion to the Ugandan who took them to Ugandan court to claim the loan was illegal because it was made by the Kenyan branch. I wonder where they are with this.


The Court of Appeal set aside the High court ruling and ordered a retrial at the high court. The case had caused ripples in the Ug banking sector. LINK

Equity had a similar case in Ug where Simbamanyo was disputing the legality of the loan. Equity went ahead and auctioned his property after expiry of the repayment deadline. LINK

Seems DTB is weak
That HAM guy is a conman. You cannot auction someone's property without court orders and it seems the crook has been greasing judges and others. DTB did debit his account so mitigated some of the losses.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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