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Chase Bank loss...another case of cooking the books?
Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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enyands wrote:Ericsson wrote:Dr Opus Dei Patrick Njoroge is not joking.
Some banks will close down or be acquired by the big ones.
Oigara has been quoted as saying KCB is looking for an acquisition locally I love this guy. We need such people in this country . Problem is that and i said before , he will step on some mafias and they will fire him. That's the day I'll know for sure the country has gone to the dogs .let's have a fair play where everyone is honest and play by the same rule . I think he should also come down on this bank called CREDIT BANK before it's sold to innocent diaspora . The FEP brigade buying Credit Bank is already cooked.That's like Kuwritu acquiring Home Africa.
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Rank: Elder Joined: 7/22/2009 Posts: 7,459
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enyands wrote:Ericsson wrote:Dr Opus Dei Patrick Njoroge is not joking.
Some banks will close down or be acquired by the big ones.
Oigara has been quoted as saying KCB is looking for an acquisition locally I love this guy. We need such people in this country . Problem is that and i said before , he will step on some mafias and they will fire him. That's the day I'll know for sure the country has gone to the dogs .let's have a fair play where everyone is honest and play by the same rule . I think he should also come down on this bank called CREDIT BANK before it's sold to innocent diaspora . Dr. Opus Dei hapana machezo!!! He needs to be among the three best guarded Kenyans!!! The Mafia might decide to use the old Kanu tactics on him. Fellows are literally losing Billion shilling gravy trains overnight due to him!!! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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guru267 wrote:rutechura wrote:jerry wrote:guru267 wrote:Something is also cooking at HFC. They have never been the last to announce!  Are they supposed to report by end of today or they have their own rules? Actually, Housing Finance have already announced there results. there profit rose from 975 million to 1.2 billion.. which is not bad My Bad! Somehow I missed them. HFC did well... Happy to continue being a shareholder there~ "Housing Finance Group Announced a Final dividend of Kes.0.65 on 25-Feb-2016; Book Closure 29-Apr-2016. Payment 27-May-2016" The opposite of courage is not cowardice, it's conformity.
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Rank: Elder Joined: 6/23/2009 Posts: 13,530 Location: nairobi
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jerry wrote:guru267 wrote:rutechura wrote:jerry wrote:guru267 wrote:Something is also cooking at HFC. They have never been the last to announce! Are they supposed to report by end of today or they have their own rules? Actually, Housing Finance have already announced there results. there profit rose from 975 million to 1.2 billion.. which is not bad My Bad! Somehow I missed them. HFC did well... Happy to continue being a shareholder there~ "Housing Finance Group Announced a Final dividend of Kes.0.65 on 25-Feb-2016; Book Closure 29-Apr-2016. Payment 27-May-2016" Unaona vile rumors huanza
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: 2/26/2012 Posts: 15,980
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obiero wrote:jerry wrote:guru267 wrote:rutechura wrote:jerry wrote:guru267 wrote:Something is also cooking at HFC. They have never been the last to announce! Are they supposed to report by end of today or they have their own rules? Actually, Housing Finance have already announced there results. there profit rose from 975 million to 1.2 billion.. which is not bad My Bad! Somehow I missed them. HFC did well... Happy to continue being a shareholder there~ "Housing Finance Group Announced a Final dividend of Kes.0.65 on 25-Feb-2016; Book Closure 29-Apr-2016. Payment 27-May-2016" Unaona vile rumors huanza  guru, you need to check in more often "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
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MaichBlack wrote:enyands wrote:Ericsson wrote:Dr Opus Dei Patrick Njoroge is not joking.
Some banks will close down or be acquired by the big ones.
Oigara has been quoted as saying KCB is looking for an acquisition locally I love this guy. We need such people in this country . Problem is that and i said before , he will step on some mafias and they will fire him. That's the day I'll know for sure the country has gone to the dogs .let's have a fair play where everyone is honest and play by the same rule . I think he should also come down on this bank called CREDIT BANK before it's sold to innocent diaspora . Dr. Opus Dei hapana machezo!!! He needs to be among the three best guarded Kenyans!!! The Mafia might decide to use the old Kanu tactics on him. Fellows are literally losing Billion shilling gravy trains overnight due to him!!! MaichBlack hiyo shimo you love hiding yourself time to time we will come and throw guruneti to flush you out. Hapana nyamaza sana. btw did you hit your goal in unaitas
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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obiero wrote:jerry wrote:guru267 wrote:rutechura wrote:jerry wrote:guru267 wrote:Something is also cooking at HFC. They have never been the last to announce! Are they supposed to report by end of today or they have their own rules? Actually, Housing Finance have already announced there results. there profit rose from 975 million to 1.2 billion.. which is not bad My Bad! Somehow I missed them. HFC did well... Happy to continue being a shareholder there~ "Housing Finance Group Announced a Final dividend of Kes.0.65 on 25-Feb-2016; Book Closure 29-Apr-2016. Payment 27-May-2016" Unaona vile rumors huanza AfroGurubiero continues shortly Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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The cooking continues. New numbers today, qualified by auditor. Inside loans from 2b to 10b. Oh boy! Business opportunities are like buses,there's always another one coming
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Rank: Member Joined: 5/8/2008 Posts: 288
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KulaRaha wrote:The cooking continues. New numbers today, qualified by auditor. Inside loans from 2b to 10b.
Oh boy! This is very serious.
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Rank: Veteran Joined: 8/10/2014 Posts: 976 Location: Kenya
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Rumors flying all over social media that the bank is going under receivership.....
The amount of cooked figures in this bank and money laundering...
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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KulaRaha wrote:The cooking continues. New numbers today, qualified by auditor. Inside loans from 2b to 10b.
Oh boy! This confirms my suspicion that most if not all banks were cooking results before Dr.Njoroge took office. The only difference is the amount of cooking involved.But 2b to 10b? They might just have outdone NBK! Also keep in mind Centum are majority shareholders.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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watesh wrote:Rumors flying all over social media that the bank is going under receivership.....
The amount of cooked figures in this bank and money laundering... Now with those rumours comes mass withdrawals no one would want to be caught in an imperial bank situation....CBK was supposed to have a press conference at 1030 guess it's been delayed.... possunt quia posse videntur
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Rank: User Joined: 1/20/2014 Posts: 3,528
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maka wrote:watesh wrote:Rumors flying all over social media that the bank is going under receivership.....
The amount of cooked figures in this bank and money laundering... Now with those rumours comes mass withdrawals no one would want to be caught in an imperial bank situation....CBK was supposed to have a press conference at 1030 guess it's been delayed.... Almost gone  Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Rank: Elder Joined: 9/19/2015 Posts: 2,871 Location: hapo
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If Chase Bank goes, I will not trust any bank in Kenya. I'll actually put them in the same league as politicians. That bank was one of the most efficient banks I've ever come accross. The employees fantastic.Customer service the best you can ever find anywhere. It would really be a shame if we have another of these greedy people ruining such a good thing. Kweli wakenya, how greedy are you people? Hii Tamaa boss. You shall not take your mercedes benz to hell. regards Confused Customer Thieves are not good people. Tumeelewana?
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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This is technically fraud is it not? Business opportunities are like buses,there's always another one coming
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Rank: New-farer Joined: 1/12/2016 Posts: 19
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Total loans by Directors and Shareholders is 10B while total shareholders funds at 11B....interesting
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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If this one goes the way of Imperial Bank, expect a proper shaving on Bank stocks at the NSE. @SufficientlyP
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Rank: Elder Joined: 9/19/2015 Posts: 2,871 Location: hapo
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Thieves are not good people. Tumeelewana?
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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By the way, the strong USD has caused a lot of pain and grief to net importer nations as well as commodity rich ones. Before the USD took off, cbr and inflation rate would be at the same levels or thereabout. For the longest, we had our cbr at 6.25% which is where i believe we should have been now that inflation rate is at 6.45%. but not possible since we have the Eurobond to pay and Gov.Njoroge has to continue punishing us by leaving the cbr at 11.50 so as to tame this USD monster and keep it below 107. At times i wonder if small banks like chase had branches in South sudan where Equity and KCb each took a 6b shaving from the SSP devaluation. Would they have lived to tell the story? @SufficientlyP
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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joga bonito wrote:Total loans by Directors and Shareholders is 10B while total shareholders funds at 11B....interesting Word on the street is insider lending sits at20b. Business opportunities are like buses,there's always another one coming
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Chase Bank loss...another case of cooking the books?
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