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Cfc Stanbic Kenya FY 2015 Profit drops by 14%

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Ericsson		#21 Posted : Wednesday, July 13, 2016 4:45:10 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		@pesanane Toa hiyo news ya CFCStanbic hapa.We don't need Yuan in wazua Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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sparkly		#22 Posted : Wednesday, July 13, 2016 5:23:03 PM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		Ericsson wrote: @pesanane Toa hiyo news ya CFCStanbic hapa.We don't need Yuan in wazua Life is short. Live passionately.
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Gatheuzi		#23 Posted : Wednesday, July 13, 2016 5:38:09 PM
Rank: Veteran Joined: 8/16/2009 Posts: 994		It was only a matter of time before the bank reverted to Stanbic Bank. The "CFC" prefix was only to allow for cfc bank clients adopt to the changes that came with the merger. 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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sparkly		#24 Posted : Wednesday, July 13, 2016 6:27:28 PM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		Running an advert that you can borrow up to 80% of your savings. Life is short. Live passionately.
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newfarer		#25 Posted : Thursday, July 14, 2016 6:03:49 AM
Rank: Elder Joined: 3/19/2010 Posts: 3,505 Location: Uganda		sparkly wrote: Running an advert that you can borrow up to 80% of your savings. A Sacco gives 3 times, and 10% dividend. punda amecheka
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sparkly		#26 Posted : Thursday, July 14, 2016 6:55:25 AM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		newfarer wrote: sparkly wrote: Running an advert that you can borrow up to 80% of your savings. A Sacco gives 3 times, and 10% dividend. someone is crazy to borrow 80% of his/her money at 24% rather than just withdraw the savings Life is short. Live passionately.
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Aguytrying		#27 Posted : Thursday, July 14, 2016 1:35:22 PM
Rank: Elder Joined: 7/11/2010 Posts: 5,040		sparkly wrote: newfarer wrote: sparkly wrote: Running an advert that you can borrow up to 80% of your savings. A Sacco gives 3 times, and 10% dividend. someone is crazy to borrow 80% of his/her money at 24% rather than just withdraw the savings Sometimes banks take us for fools. Im speechless The investor's chief problem - and even his worst enemy - is likely to be himself
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Othelo		#28 Posted : Thursday, July 14, 2016 1:39:18 PM
Rank: User Joined: 1/20/2014 Posts: 3,528		Aguytrying wrote: sparkly wrote: newfarer wrote: sparkly wrote: Running an advert that you can borrow up to 80% of your savings. A Sacco gives 3 times, and 10% dividend. someone is crazy to borrow 80% of his/her money at 24% rather than just withdraw the savings Sometimes banks take us for fools. Im speechless It happens. Many put fixed deposits and then borrow a %age of it. That is how people make profits and earn dividends and bonuses. Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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obiero		#29 Posted : Thursday, July 14, 2016 3:12:58 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi		Othelo wrote: Aguytrying wrote: sparkly wrote: newfarer wrote: sparkly wrote: Running an advert that you can borrow up to 80% of your savings. A Sacco gives 3 times, and 10% dividend. someone is crazy to borrow 80% of his/her money at 24% rather than just withdraw the savings Sometimes banks take us for fools. Im speechless It happens. Many put fixed deposits and then borrow a %age of it. That is how people make profits and earn dividends and bonuses. The interest rate applied could never be 24% unless the FD rate is about 20%. It is a margin of the FD and not normal bank rate. Further, the same is a tax avoidance strategy that is legal in nature KQ ABP 4.26
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sparkly		#30 Posted : Thursday, July 14, 2016 7:21:37 PM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		obiero wrote: Othelo wrote: Aguytrying wrote: sparkly wrote: newfarer wrote: sparkly wrote: Running an advert that you can borrow up to 80% of your savings. A Sacco gives 3 times, and 10% dividend. someone is crazy to borrow 80% of his/her money at 24% rather than just withdraw the savings Sometimes banks take us for fools. Im speechless It happens. Many put fixed deposits and then borrow a %age of it. That is how people make profits and earn dividends and bonuses. The interest rate applied could never be 24% unless the FD rate is about 20%. It is a margin of the FD and not normal bank rate. Further, the same is a tax avoidance strategy that is legal in nature I am lost. How do you make money by borrowing against your cash deposits, considering the interest rate spread? Life is short. Live passionately.
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