Law Capping interest rates - Page 271 - Economy - Wazua

Welcome Guest

Wazua » Investor » Economy » Law Capping interest rates

Law Capping interest rates

Options

Previous Topic · Next Topic

jmbada		#2701 Posted : Friday, January 25, 2019 10:02:11 AM
Rank: Member Joined: 1/1/2011 Posts: 396		chauhanmohit wrote: Impunity wrote: The Banking cartles and CBK have ganged up against the biol, very sad day. Where in the world do commercial banks makes 30 billion profits and pay 1.5% pa interest on deposits? Its only invetsment banks which can make such weird profits since most of them are actually pyranid schemes and cons...they quicly derate a country from AA+ to say C in a midnight then go behind door and buy the falling goverment papers in that same country, then after a year or two, they would elevate the country from C to A+, sell the papers and go home laughing. For commercial banks like KCB and Equity, this is not their core buisness, so how how they manage those billion-profits is a mystery. Thank you for being so informative!!! The drumbeat to repeal continues! https://www.google.com/a...ng-cap-on-lending-rates
Back to top		\|
User Profile

jmbada		#2702 Posted : Friday, January 25, 2019 10:10:18 AM
Rank: Member Joined: 1/1/2011 Posts: 396		And https://youtu.be/tW64wXuuEN0 He is in Asia currently
Back to top		\|
User Profile

jmbada		#2703 Posted : Friday, January 25, 2019 10:11:51 AM
Rank: Member Joined: 1/1/2011 Posts: 396		And https://comparerateskenya.com
Back to top		\|
User Profile

littledove		#2704 Posted : Wednesday, January 30, 2019 8:21:30 AM
Rank: Veteran Joined: 7/1/2014 Posts: 927 Location: sky		https://www.businessdailyafrica.com/economy/CBK-governor-backs-return-of-costly-loans-to-fuel-growth/3946234-4957350-ha1lyh/index.html The Central Bank of Kenya (CBK) has renewed its push for the scrapping of controls on the cost of loans, terming the current interest rates cap law as a drag on economic growth. Governor Patrick Njoroge said Tuesday the limited access to credit was hitting small and medium-sized businesses hardest, yet they are key drivers of growth. “There is a potential soft spot (in the economy). This concerns the micro small and medium enterprises (MSMEs). MSMEs are at the bottom of the pyramid. The MSMEs is where the employment is,” said Dr Njoroge at a media briefing in Nairobi following Monday’s Monetary Policy Committee (MPC) meeting. There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
Back to top		WWW \|
User Profile

jmbada		#2705 Posted : Wednesday, January 30, 2019 10:22:49 AM
Rank: Member Joined: 1/1/2011 Posts: 396		littledove wrote: https://www.businessdailyafrica.com/economy/CBK-governor-backs-return-of-costly-loans-to-fuel-growth/3946234-4957350-ha1lyh/index.html The Central Bank of Kenya (CBK) has renewed its push for the scrapping of controls on the cost of loans, terming the current interest rates cap law as a drag on economic growth. Governor Patrick Njoroge said Tuesday the limited access to credit was hitting small and medium-sized businesses hardest, yet they are key drivers of growth. “There is a potential soft spot (in the economy). This concerns the micro small and medium enterprises (MSMEs). MSMEs are at the bottom of the pyramid. The MSMEs is where the employment is,” said Dr Njoroge at a media briefing in Nairobi following Monday’s Monetary Policy Committee (MPC) meeting. This is almost daily coverage on this topic. A couple of banks are updating their 2019 marketing strategy accordingly.
Back to top		\|
User Profile

newfarer		#2706 Posted : Wednesday, January 30, 2019 1:39:00 PM
Rank: Elder Joined: 3/19/2010 Posts: 3,505 Location: Uganda		still saying let rates cap.no to greedy banks. punda amecheka
Back to top		\| \| Edit by user: Wednesday, January 30, 2019 1:40 PM \| Reason: Not specified
User Profile

jmbada		#2707 Posted : Wednesday, January 30, 2019 1:47:06 PM
Rank: Member Joined: 1/1/2011 Posts: 396		newfarer wrote: still saying let rates cap.no to greedy banks. It's a question of sustainability. The pure digital lenders cannot take the larger risks that banks can take, regardless of their big data capabilities. That is still the purview of deposit taking institutions. I have looked at some of the numbers for these micro lenders and their overall returns are attrocious, if you factor in their true non performing loans book. Real People is a true and highly-representative example and publicly visible due to their public bond.
Back to top		\|
User Profile

Monk		#2708 Posted : Wednesday, January 30, 2019 2:43:54 PM
Rank: Member Joined: 7/1/2009 Posts: 272		newfarer wrote: still saying let rates cap.no to greedy banks. Labeling, shaming, name calling etc cannot change a law of nature. Risk vs returns will generally influence supply or lack of goods and services in the market.
Back to top		\|
User Profile

tom_boy		#2709 Posted : Wednesday, January 30, 2019 2:53:49 PM
Rank: Member Joined: 2/20/2007 Posts: 767		jmbada wrote: newfarer wrote: still saying let rates cap.no to greedy banks. It's a question of sustainability. The pure digital lenders cannot take the larger risks that banks can take, regardless of their big data capabilities. That is still the purview of deposit taking institutions. I have looked at some of the numbers for these micro lenders and their overall returns are attrocious, if you factor in their true non performing loans book. Real People is a true and highly-representative example and publicly visible due to their public bond. Kindly explain, atrocious good or atrocious bad. They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
Back to top		\|
User Profile

tom_boy		#2710 Posted : Wednesday, January 30, 2019 3:47:26 PM
Rank: Member Joined: 2/20/2007 Posts: 767		This law should and must stay in place. It has afforded this country some clean up of financial reckless lending. Bank execs were lending recklessly to firms that do not qualify aka nakumatt, deacons. When the music stopped, firms have gone down. The same reckless lending has been transfered to mobile loans. They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
Back to top		\|
User Profile

303 Pages«<269270271272273>»

Wazua » Investor » Economy » Law Capping interest rates

Forum Jump

You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Watch this topic
Print this topic

Normal
Threaded