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Law Capping interest rates
Rank: Member Joined: 12/1/2007 Posts: 539 Location: Nakuru
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http://www.nation.co.ke/...9774-14pykoy/index.html
"Yet another sign of liquidity difficulties is the fact that the number of banks that are utterly dependent on the Central Bank window have increased to four." Which 4 banks are these he was talking about, this is getting me worried, anyone with word in? For investors as a whole, returns decrease as motion increases ~ WB
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Rank: Elder Joined: 6/23/2009 Posts: 14,229 Location: nairobi
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Obi 1 Kanobi wrote:obiero wrote:Obi 1 Kanobi wrote:KNM wrote:Capping in a free market...LOL. Just as was predicted, small banks folding up with accompanying job losses. It would be laughable were it not so sad. Which smaller banks have folded? What I see is more of; 1. investors who went into banking for short term gains selling and leaving 2. And banks with poor management and inefficiencies (like NBK) suffering because they are unable to transfer their inefficiencies to poor borrowers through expensive high interest loans Where have you been dude? Giro, Habib.. The Giro;I&M Deal started may be 2 years before interest rate capping was done and if I am right also concluded before the capping. Habib Bank also sold out in principle before capping. If you dig deeper, you will realise that for both these banks, the owners wanted to make their investments more liquid by merging with listed banks, i.e I&M and DTB. @Obiero, you spend alot of time in the investment section, the least you could do is research more so you write facts. It does not matter when the negotiation started.. Times are hard. Even Barclays now joins in the party https://www.standardmedi...-off-hundreds-of-workers
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Rank: Elder Joined: 6/23/2009 Posts: 14,229 Location: nairobi
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Here are the facts that @sparks requests.. Both takeover deals were documented post rate cap. March 2017 to be precise, despite initial initial attempts on the one for Giro having started late 2015 https://propakistani.pk/...ons-diamond-trust-bank/
https://www.standardmedi...ebranding-after-takeover
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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obiero wrote:Obi 1 Kanobi wrote:obiero wrote:Obi 1 Kanobi wrote:KNM wrote:Capping in a free market...LOL. Just as was predicted, small banks folding up with accompanying job losses. It would be laughable were it not so sad. Which smaller banks have folded? What I see is more of; 1. investors who went into banking for short term gains selling and leaving 2. And banks with poor management and inefficiencies (like NBK) suffering because they are unable to transfer their inefficiencies to poor borrowers through expensive high interest loans Where have you been dude? Giro, Habib.. The Giro;I&M Deal started may be 2 years before interest rate capping was done and if I am right also concluded before the capping. Habib Bank also sold out in principle before capping. If you dig deeper, you will realise that for both these banks, the owners wanted to make their investments more liquid by merging with listed banks, i.e I&M and DTB. @Obiero, you spend alot of time in the investment section, the least you could do is research more so you write facts. It does not matter when the negotiation started.. Times are hard. Even Barclays now joins in the party https://www.standardmedi...off-hundreds-of-workers The main reason given by Barclays for reasulting to lay off was customer preferences shifting to use of mobile and online banking. That is what has lead to redundancy in a large part. But as usual the author goes further to add rate capping comments at the end. Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Rank: Elder Joined: 6/23/2009 Posts: 14,229 Location: nairobi
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Gatheuzi wrote:obiero wrote:Obi 1 Kanobi wrote:obiero wrote:Obi 1 Kanobi wrote:KNM wrote:Capping in a free market...LOL. Just as was predicted, small banks folding up with accompanying job losses. It would be laughable were it not so sad. Which smaller banks have folded? What I see is more of; 1. investors who went into banking for short term gains selling and leaving 2. And banks with poor management and inefficiencies (like NBK) suffering because they are unable to transfer their inefficiencies to poor borrowers through expensive high interest loans Where have you been dude? Giro, Habib.. The Giro;I&M Deal started may be 2 years before interest rate capping was done and if I am right also concluded before the capping. Habib Bank also sold out in principle before capping. If you dig deeper, you will realise that for both these banks, the owners wanted to make their investments more liquid by merging with listed banks, i.e I&M and DTB. @Obiero, you spend alot of time in the investment section, the least you could do is research more so you write facts. It does not matter when the negotiation started.. Times are hard. Even Barclays now joins in the party https://www.standardmedi...off-hundreds-of-workers The main reason given by Barclays for reasulting to lay off was customer preferences shifting to use of mobile and online banking. That is what has lead to redundancy in a large part. But as usual the author goes further to add rate capping comments at the end. @Gatheuzi do you believe them.. Firing 150 staff only due to technological development.. I personally think that it is an excuse. ICT would have taken down the staff count by higher numbers
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Rank: Member Joined: 5/21/2014 Posts: 184
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Gatheuzi wrote:obiero wrote:Obi 1 Kanobi wrote:obiero wrote:Obi 1 Kanobi wrote:KNM wrote:Capping in a free market...LOL. Just as was predicted, small banks folding up with accompanying job losses. It would be laughable were it not so sad. Which smaller banks have folded? What I see is more of; 1. investors who went into banking for short term gains selling and leaving 2. And banks with poor management and inefficiencies (like NBK) suffering because they are unable to transfer their inefficiencies to poor borrowers through expensive high interest loans Where have you been dude? Giro, Habib.. The Giro;I&M Deal started may be 2 years before interest rate capping was done and if I am right also concluded before the capping. Habib Bank also sold out in principle before capping. If you dig deeper, you will realise that for both these banks, the owners wanted to make their investments more liquid by merging with listed banks, i.e I&M and DTB. @Obiero, you spend alot of time in the investment section, the least you could do is research more so you write facts. It does not matter when the negotiation started.. Times are hard. Even Barclays now joins in the party https://www.standardmedi...off-hundreds-of-workers The main reason given by Barclays for reasulting to lay off was customer preferences shifting to use of mobile and online banking. That is what has lead to redundancy in a large part. But as usual the author goes further to add rate capping comments at the end. To convince Obiero out of buying the rate capping stories ni kama kupigia mbuzi guitar. There are too many opportunities all around. Open your eyes and maybe you'll spot one
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Rank: Elder Joined: 10/18/2008 Posts: 3,434 Location: Kerugoya
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actuarywahisa wrote:To convince Obiero out of buying the rate capping stories ni kama kupigia mbuzi guitar. Should I be offended?
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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aemathenge wrote:actuarywahisa wrote:To convince Obiero out of buying the rate capping stories ni kama kupigia mbuzi guitar. Should I be offended?  Life is short. Live passionately.
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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aemathenge wrote:actuarywahisa wrote:To convince Obiero out of buying the rate capping stories ni kama kupigia mbuzi guitar. Should I be offended? If Obiero did it, Who Am I?
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Rank: Elder Joined: 6/23/2009 Posts: 14,229 Location: nairobi
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