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Law Capping interest rates
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tom_boy
#2781 Posted : Sunday, April 07, 2019 9:05:28 PM
Rank: Member

Joined: 2/20/2007
Posts: 767
[quote=obiero]Let me leave this here https://www.businessdail...0530-h9xgfbz/index.html[/quote]

Tough situation but removal of rate caps will only make things worse.
They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
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Angelica _ann
#2782 Posted : Sunday, April 07, 2019 9:42:58 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
tom_boy wrote:
[quote=obiero]Let me leave this here https://www.businessdail...0530-h9xgfbz/index.html[/quote]

Tough situation but removal of rate caps will only make things worse.


These types of borrowing have existed historically ever and ever nothing new!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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obiero
#2783 Posted : Sunday, April 07, 2019 9:47:50 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,219
Location: nairobi
Angelica _ann wrote:
tom_boy wrote:
[quote=obiero]Let me leave this here https://www.businessdail...0530-h9xgfbz/index.html[/quote]

Tough situation but removal of rate caps will only make things worse.


These types of borrowing have existed historically ever and ever nothing new!

Not at current percentages.. Data is to be understood and not fought

KQ ABP 4.26
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obiero
#2784 Posted : Friday, April 19, 2019 10:15:58 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,219
Location: nairobi
obiero wrote:
obiero wrote:
whiteowl wrote:
obiero wrote:
obiero wrote:
obiero wrote:
obiero wrote:
obiero wrote:
obiero wrote:
sparkly wrote:
obiero wrote:
MaichBlack wrote:
Ebenyo wrote:
obiero wrote:
I told you guys to sell off bank stocks in 2014. Luckily made it out of some major holdings in good time..


but a big percent of your portfolio is still in banks!

so, what do you expect to be a fair hair cut on obieros portfolio as a result of kamwanaas house attempt to please Wanjiku. what will be the overall industries' hit in percentage. my fair guess from my lender's perspective
(16-14.5)/(16*0.5)*100=18.75% conservetively
thieves.

COOP & HF will come out strongest in this.. Too little meat to be bitten out from the two. Plus HF has never been strong on deposits being only licensed to have current accounts a few months ago!! HF will have the least interest expense of all listed lenders

Hey @Obiero. Bill not signed. And please note I did not put the word 'yet' at the end.

Its bound to be signed on Monday 29th Aug 2016


The bankers will visit statehouse with big brown envelop and this story will be forgotten.

Smaller banks will fold

Here we are...
Family fires it's staff https://citizentv.co.ke/...fs-to-cut-costs-143841/
and then Sidian lays off 108 workers http://www.businessdaily...9550-3428588-151f209z/,
then Ecobank collapses 9 branches http://www.businessdaily...6506-316lohz/index.html
First Community Bank let go of a quarter of its staff http://www.the-star.co.k...osed-number-of_c1451638
And now BoA closes 12 branches. Sad state of affairs http://www.businessdaily...2926-jp394sz/index.html

Sidian, NBK, Family, HF, NIC struggling.. Small banks shall fold

The goose is cooked for NBK


NBK has 9 lives,it was supposed to go down even before Dubai bank but its still standing.

@whiteowl NBK in its current form and shape cannot survive.. It must be absorbed by a real bank. Smaller banks must close shop unless the caps are reversed http://www.nation.co.ke/...9774-14pykoy/index.html

Boom boom pow. Small banks have nowhere to turn

Another one down.. HF is likely to be eaten up by Equity

KQ ABP 4.26
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Ericsson
#2785 Posted : Friday, April 19, 2019 7:37:03 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Coop bank will swallow who?
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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drogon
#2786 Posted : Friday, April 19, 2019 10:58:16 PM
Rank: New-farer

Joined: 11/28/2018
Posts: 42
Location: Nairobi
Ericsson wrote:
Coop bank will swallow who?


Haha, maybe akina Ekeza and Urithi sacco
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ombaalbt
#2787 Posted : Saturday, April 20, 2019 9:19:13 AM
Rank: New-farer

Joined: 5/19/2014
Posts: 68
Location: Migori
drogon wrote:
Ericsson wrote:
Coop bank will swallow who?


Haha, maybe akina Ekeza and Urithi sacco


There are rumours that coop bank are the ones behind sidian bank troubles they never wanted mwalimu sacco to get their own bank.
Learning to sit on my hands
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drogon
#2788 Posted : Saturday, April 20, 2019 10:50:21 AM
Rank: New-farer

Joined: 11/28/2018
Posts: 42
Location: Nairobi
ombaalbt wrote:
drogon wrote:
Ericsson wrote:
Coop bank will swallow who?


Haha, maybe akina Ekeza and Urithi sacco


There are rumours that coop bank are the ones behind sidian bank troubles they never wanted mwalimu sacco to get their own bank.


I think you mean SPIRE bank.
Sidian ni ile ya Centum.
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Ericsson
#2789 Posted : Saturday, April 20, 2019 5:36:17 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
drogon wrote:
ombaalbt wrote:
drogon wrote:
Ericsson wrote:
Coop bank will swallow who?


Haha, maybe akina Ekeza and Urithi sacco


There are rumours that coop bank are the ones behind sidian bank troubles they never wanted mwalimu sacco to get their own bank.


I think you mean SPIRE bank.
Sidian ni ile ya Centum.


They should make an acquisition of a stake in Spire bank to bring Mwalimu back to their stable and teach them a lesson
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#2790 Posted : Monday, April 22, 2019 2:05:02 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Tier 2 and below banks in distress that have so far been swallowed;
Jamii Bora taken over by CBA
NBK--KCB in process

Those still hanging;
Spire Bank
Consolidated Bank
Housing Finance
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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