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KulaRaha		#1021 Posted : Tuesday, September 13, 2016 10:24:03 AM
Rank: Elder Joined: 7/26/2007 Posts: 6,514		I think KBRR is the base...lets wait and see. Business opportunities are like buses,there's always another one coming
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cnn		#1022 Posted : Tuesday, September 13, 2016 10:37:48 AM
Rank: Veteran Joined: 6/17/2009 Posts: 1,627		KulaRaha wrote: I think KBRR is the base...lets wait and see. CBA have put an ad in today's Nation from tomorrow they will base the interest on ALL loans at KBRR currently at 8.9%,so at a maximum of 12.9% and pay fixed account deposits at 6.23%
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watesh		#1023 Posted : Tuesday, September 13, 2016 11:39:17 AM
Rank: Veteran Joined: 8/10/2014 Posts: 992 Location: Kenya		cnn wrote: KulaRaha wrote: I think KBRR is the base...lets wait and see. CBA have put an ad in today's Nation from tomorrow they will base the interest on ALL loans at KBRR currently at 8.9%,so at a maximum of 12.9% and pay fixed account deposits at 6.23% So how will CBA attract funding if its fixed deposits rate is lower than the industry? People would rather take it to a bank giving higher rates. We cant say funding from mpesa cash because that money is shared by almost all banks. This will be interesting to watch
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Ericsson		#1024 Posted : Tuesday, September 13, 2016 11:41:37 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,820 Location: NAIROBI		@Watesh; Hii maneno yote unaona ni PR. Just read and ignore Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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FRM2011		#1025 Posted : Tuesday, September 13, 2016 12:05:45 PM
Rank: Elder Joined: 11/5/2010 Posts: 2,459		watesh wrote: cnn wrote: KulaRaha wrote: I think KBRR is the base...lets wait and see. CBA have put an ad in today's Nation from tomorrow they will base the interest on ALL loans at KBRR currently at 8.9%,so at a maximum of 12.9% and pay fixed account deposits at 6.23% So how will CBA attract funding if its fixed deposits rate is lower than the industry? People would rather take it to a bank giving higher rates. We cant say funding from mpesa cash because that money is shared by almost all banks. This will be interesting to watch Actually, CBA holds the mpesa cash. What the other banks do is to wire hundreds of millions every morning to CBA to get e-value(float). Otherwise for every mpesa balance in someone's line, CBA holds the cash equivalent.
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KulaRaha		#1026 Posted : Tuesday, September 13, 2016 12:39:13 PM
Rank: Elder Joined: 7/26/2007 Posts: 6,514		CBK has declared CBR as the base rate.... Business opportunities are like buses,there's always another one coming
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obiero		#1027 Posted : Tuesday, September 13, 2016 12:43:53 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,320 Location: nairobi		Swenani wrote: obiero wrote: Plimsoul wrote: Irony of using KBRR is that because it's lower, banks move to lending to govt. So tbills drop, and because tbills make up KBRR, KBRR drops further. CBK wont even have to change CBR. Interesting times ahead. But KBRR is extra low considering free deposits from majority of the transactional accounts.. CBA did no one a favor, including themselves.. But their source of funds may be illegit so we understand What do you mean their source of funds maybe illegit? Do you know Jeremy Ngunze, Safaricom, mshwari and mobitelea.. Please try avoid obvious questions COOP, IMH, KEGN, KQ, MTNU
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Impunity		#1028 Posted : Tuesday, September 13, 2016 12:49:57 PM
Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada		watesh wrote: cnn wrote: KulaRaha wrote: I think KBRR is the base...lets wait and see. CBA have put an ad in today's Nation from tomorrow they will base the interest on ALL loans at KBRR currently at 8.9%,so at a maximum of 12.9% and pay fixed account deposits at 6.23% So how will CBA attract funding if its fixed deposits rate is lower than the industry? People would rather take it to a bank giving higher rates. We cant say funding from mpesa cash because that money is shared by almost all banks. This will be interesting to watch Nothing in law prevents them from giving 8% interest on deposit taking accounts...but everything stops them from charging more than 14.5% on loans! Tafakari ya @RAO (aka babu) Portfolio: Sold You know you've made it when you get a parking space for your yatcht.
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obiero		#1029 Posted : Tuesday, September 13, 2016 12:51:54 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,320 Location: nairobi		Impunity wrote: watesh wrote: cnn wrote: KulaRaha wrote: I think KBRR is the base...lets wait and see. CBA have put an ad in today's Nation from tomorrow they will base the interest on ALL loans at KBRR currently at 8.9%,so at a maximum of 12.9% and pay fixed account deposits at 6.23% So how will CBA attract funding if its fixed deposits rate is lower than the industry? People would rather take it to a bank giving higher rates. We cant say funding from mpesa cash because that money is shared by almost all banks. This will be interesting to watch Nothing in law prevents them from giving 8% interest on deposit taking accounts...but everything stops them from charging more than 14.5% on loans! Tafakari ya @RAO (aka babu) These people should not play with fire... Banks collapse in such ways COOP, IMH, KEGN, KQ, MTNU
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penkon		#1030 Posted : Tuesday, September 13, 2016 12:57:36 PM
Rank: New-farer Joined: 3/12/2014 Posts: 96		KulaRaha wrote: I think KBRR is the base...lets wait and see. Its CBR Dr.has clarified
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