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Law Capping interest rates
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jgithige
#2401 Posted : Friday, March 02, 2018 1:02:12 PM
Rank: Member

Joined: 7/10/2014
Posts: 145
Location: Nairobi
obiero wrote:
Monk wrote:
Larayna wrote:
Kenyan Banks among the world's most profitable LINK
Does this confirm the clamour for repealing this law is driven by nothing but greed for super profits


The law was not about checking profitability of banks. It was about making credit affordable. Unfortunately, they did not foresee how it would affect credit availability. A free market economy operates on a willing buyer willing seller principle. You cannot force a seller to trade, otherwise you get shortages of goods and services. Ask coffee farmers and the infamous law prohibiting uprooting coffee trees...

Supplier power in Michael Porter five forces


https://www.businessdail...25160-1p5s9sz/index.html
"Blowing out someone else candle won't make yours shine brighter"-Anonymous
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obiero
#2402 Posted : Friday, March 02, 2018 3:45:18 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,222
Location: nairobi
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Rongla
#2403 Posted : Friday, March 02, 2018 11:11:45 PM
Rank: Member

Joined: 10/3/2008
Posts: 101
Monk wrote:
Larayna wrote:
Kenyan Banks among the world's most profitable LINK
Does this confirm the clamour for repealing this law is driven by nothing but greed for super profits


The law was not about checking profitability of banks. It was about making credit affordable. Unfortunately, they did not foresee how it would affect credit availability. A free market economy operates on a willing buyer willing seller principle. You cannot force a seller to trade, otherwise you get shortages of goods and services. Ask coffee farmers and the infamous law prohibiting uprooting coffee trees...


Well said but is it not the SUPER PROFITS the main reason these banks are opposed to the Rate cap ama shida yao ni nini?. They have been bemoaning the rate cap as a reason for their dwindling profits. They operate in a cartel. They have deliberately refused to lent (do Business) and use the rate cap as an excuse. Well if the rate cap was to stay another 2 years, These banks will start chasing us to come and borrow. The profits they are making NOW is from their old loan books. Once they dry out they will lent.
I know world bank has been coming with it Theories in the name of policies about rate cap. When I hear World Bank and IMF, It reminds me of SAPS IN THE 90S that made African countriies the shitholes they are today
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Ericsson
#2404 Posted : Saturday, March 03, 2018 12:37:58 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
Rongla wrote:
Monk wrote:
Larayna wrote:
Kenyan Banks among the world's most profitable LINK
Does this confirm the clamour for repealing this law is driven by nothing but greed for super profits


The law was not about checking profitability of banks. It was about making credit affordable. Unfortunately, they did not foresee how it would affect credit availability. A free market economy operates on a willing buyer willing seller principle. You cannot force a seller to trade, otherwise you get shortages of goods and services. Ask coffee farmers and the infamous law prohibiting uprooting coffee trees...


Well said but is it not the SUPER PROFITS the main reason these banks are opposed to the Rate cap ama shida yao ni nini?. They have been bemoaning the rate cap as a reason for their dwindling profits. They operate in a cartel. They have deliberately refused to lent (do Business) and use the rate cap as an excuse. Well if the rate cap was to stay another 2 years, These banks will start chasing us to come and borrow. The profits they are making NOW is from their old loan books. Once they dry out they will lent.
I know world bank has been coming with it Theories in the name of policies about rate cap. When I hear World Bank and IMF, It reminds me of SAPS IN THE 90S that made African countriies the shitholes they are today


Why aren't we complaining with the same strength on the wastage of public funds by government
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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obiero
#2405 Posted : Saturday, March 03, 2018 7:22:17 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,222
Location: nairobi
Ericsson wrote:
Rongla wrote:
Monk wrote:
Larayna wrote:
Kenyan Banks among the world's most profitable LINK
Does this confirm the clamour for repealing this law is driven by nothing but greed for super profits


The law was not about checking profitability of banks. It was about making credit affordable. Unfortunately, they did not foresee how it would affect credit availability. A free market economy operates on a willing buyer willing seller principle. You cannot force a seller to trade, otherwise you get shortages of goods and services. Ask coffee farmers and the infamous law prohibiting uprooting coffee trees...


Well said but is it not the SUPER PROFITS the main reason these banks are opposed to the Rate cap ama shida yao ni nini?. They have been bemoaning the rate cap as a reason for their dwindling profits. They operate in a cartel. They have deliberately refused to lent (do Business) and use the rate cap as an excuse. Well if the rate cap was to stay another 2 years, These banks will start chasing us to come and borrow. The profits they are making NOW is from their old loan books. Once they dry out they will lent.
I know world bank has been coming with it Theories in the name of policies about rate cap. When I hear World Bank and IMF, It reminds me of SAPS IN THE 90S that made African countriies the shitholes they are today


Why aren't we complaining with the same strength on the wastage of public funds by government

We are..

KQ ABP 4.26
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obiero
#2406 Posted : Thursday, March 08, 2018 6:57:58 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,222
Location: nairobi
obiero wrote:
wukan wrote:
[quote=obiero]Quote verbatim in today's daily "Government lending up.The CBK data also shows that while private sector credit growth has fallen, banks have significantly increased their lending to government.
Credit to government grew 7.1 per cent on an annualised basis at the end of March, recovering from negative growth in the second half of 2016.
Credit to other public sector borrowers such as parastatals and local (county) government units grew by 28.3 per cent in the period." Full link http://www.businessdaily...993596-jvq3rx/index.html


The making of a Greek tragedy. Private sector recession versus public sector big appetite. It never ends well but still early days.

The free secondary education policy promise will be the end of us. GoK already asking for additional 4.8B via makiba II http://www.businessdaily...93800-t30u03/index.html[/quote]
It was written kenya becomes greece https://citizentv.co.ke/...y-kenya-is-broke-192961/

KQ ABP 4.26
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  | | Edit by user: Thursday, March 08, 2018 6:59 AM | Reason: Not specified
winmak
#2407 Posted : Thursday, March 08, 2018 8:12:46 AM
Rank: Member

Joined: 12/1/2007
Posts: 539
Location: Nakuru
obiero wrote:
obiero wrote:
[quote=wukan][quote=obiero]Quote verbatim in today's daily "Government lending up.The CBK data also shows that while private sector credit growth has fallen, banks have significantly increased their lending to government.
Credit to government grew 7.1 per cent on an annualised basis at the end of March, recovering from negative growth in the second half of 2016.
Credit to other public sector borrowers such as parastatals and local (county) government units grew by 28.3 per cent in the period." Full link http://www.businessdaily...993596-jvq3rx/index.html


The making of a Greek tragedy. Private sector recession versus public sector big appetite. It never ends well but still early days.

The free secondary education policy promise will be the end of us. GoK already asking for additional 4.8B via makiba II http://www.businessdaily...93800-t30u03/index.html[/quote]
It was written kenya becomes greece https://citizentv.co.ke/...-kenya-is-broke-192961/[/quote]

I hope these govt pays our mAkiba2 on 11th. ION, how does a Wanjiku protect oneself from a Greek meltdown? change money to forex? reduce liquidity to fixed assets? which assets best withstand a depression?
For investors as a whole, returns decrease as motion increases ~ WB
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Ericsson
#2408 Posted : Thursday, March 08, 2018 9:04:12 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
IMF says Kenya Govt has requested for a 6-month extension of the $1.5B credit facility subject to Rate Cap Review
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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obiero
#2409 Posted : Thursday, March 08, 2018 9:09:00 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,222
Location: nairobi
winmak wrote:
obiero wrote:
obiero wrote:
[quote=wukan][quote=obiero]Quote verbatim in today's daily "Government lending up.The CBK data also shows that while private sector credit growth has fallen, banks have significantly increased their lending to government.
Credit to government grew 7.1 per cent on an annualised basis at the end of March, recovering from negative growth in the second half of 2016.
Credit to other public sector borrowers such as parastatals and local (county) government units grew by 28.3 per cent in the period." Full link http://www.businessdaily...993596-jvq3rx/index.html


The making of a Greek tragedy. Private sector recession versus public sector big appetite. It never ends well but still early days.

The free secondary education policy promise will be the end of us. GoK already asking for additional 4.8B via makiba II http://www.businessdaily...93800-t30u03/index.html[/quote]
It was written kenya becomes greece https://citizentv.co.ke/...-kenya-is-broke-192961/[/quote]

I hope these govt pays our mAkiba2 on 11th. ION, how does a Wanjiku protect oneself from a Greek meltdown? change money to forex? reduce liquidity to fixed assets? which assets best withstand a depression?

Only prayer and fasting will save us

KQ ABP 4.26
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Monk
#2410 Posted : Thursday, March 08, 2018 9:22:29 AM
Rank: Member

Joined: 7/1/2009
Posts: 272
obiero wrote:
winmak wrote:
obiero wrote:
obiero wrote:
[quote=wukan][quote=obiero]Quote verbatim in today's daily "Government lending up.The CBK data also shows that while private sector credit growth has fallen, banks have significantly increased their lending to government.
Credit to government grew 7.1 per cent on an annualised basis at the end of March, recovering from negative growth in the second half of 2016.
Credit to other public sector borrowers such as parastatals and local (county) government units grew by 28.3 per cent in the period." Full link http://www.businessdaily...993596-jvq3rx/index.html


The making of a Greek tragedy. Private sector recession versus public sector big appetite. It never ends well but still early days.

The free secondary education policy promise will be the end of us. GoK already asking for additional 4.8B via makiba II http://www.businessdaily...93800-t30u03/index.html[/quote]
It was written kenya becomes greece https://citizentv.co.ke/...-kenya-is-broke-192961/[/quote]

I hope these govt pays our mAkiba2 on 11th. ION, how does a Wanjiku protect oneself from a Greek meltdown? change money to forex? reduce liquidity to fixed assets? which assets best withstand a depression?

Only prayer and fasting will save us


Farming? Food after all is the one thing you cannot forego.
Forex would not hurt either, if it's under the mattress.
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