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Wai!! it is a blood bath, kcb, coop, equity down 9%

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mlennyma		#361 Posted : Thursday, September 01, 2016 11:12:34 AM
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi		KulaRaha wrote: kawi254 wrote: KulaRaha wrote: Just saw on Twitter that KCB will not cap rates on mobile loans at 14.5%. So much for helping the common man... With Equity, they are telling all their customers who want loans to get Equitel lines and apply for loans via Equitel....this way they are able to escape this 14.5% cap. Totally against the spirit of the law...Telcos must be controlled also! kenyans are very clever, you will see alot of court cases seeking compensation later,a law on loan interest rates has no escape "Don't let the fear of losing be greater than the excitement of winning."
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mawinder		#362 Posted : Thursday, September 01, 2016 11:34:24 AM
Rank: Elder Joined: 4/30/2008 Posts: 6,029		Impunity wrote: CFS STANBIC. Tells me by sms I will get 7.35%pa for minimum ballance of kes. 5000. Our juu. They have been offering the 7% on their savings accounts even before the bill was passed.For a learned man like you i am sure you have better options.
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Impunity		#363 Posted : Thursday, September 01, 2016 11:48:51 AM
Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada		mawinder wrote: Impunity wrote: CFS STANBIC. Tells me by sms I will get 7.35%pa for minimum ballance of kes. 5000. Our juu. They have been offering the 7% on their savings accounts even before the bill was passed.For a learned man like you i am sure you have better options. Am not giving them my money...CBK gives 15% why sud I give cfc at 7%? Kwanza kuna a lot bargains at the bourse! Portfolio: Sold You know you've made it when you get a parking space for your yatcht.
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Impunity		#364 Posted : Thursday, September 01, 2016 11:57:52 AM
Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada		Member and Simba has today resisted the uptrend...kumbe it was a dead cat bounce. Let them now rally to final sub 20 for new millionaires to board. Portfolio: Sold You know you've made it when you get a parking space for your yatcht.
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Swenani		#365 Posted : Thursday, September 01, 2016 11:57:54 AM
Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum		Impunity wrote: mawinder wrote: Impunity wrote: CFS STANBIC. Tells me by sms I will get 7.35%pa for minimum ballance of kes. 5000. Our juu. They have been offering the 7% on their savings accounts even before the bill was passed.For a learned man like you i am sure you have better options. Am not giving them my money...CBK gives 15% why sud I give cfc at 7%? Kwanza kuna a lot bargains at the bourse! Time for more were offering at 13%P.a for 6 months fixed deposits of Kes 2M+ If Obiero did it, Who Am I?
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watesh		#366 Posted : Thursday, September 01, 2016 3:32:59 PM
Rank: Veteran Joined: 8/10/2014 Posts: 992 Location: Kenya		kawi254 wrote: KulaRaha wrote: Just saw on Twitter that KCB will not cap rates on mobile loans at 14.5%. So much for helping the common man... With Equity, they are telling all their customers who want loans to get Equitel lines and apply for loans via Equitel....this way they are able to escape this 14.5% cap. And more people would be willing to borrow from these channels than walking into a bank to negotiate for a small short term loan.
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maka		#367 Posted : Thursday, September 01, 2016 3:38:49 PM
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi		watesh wrote: kawi254 wrote: KulaRaha wrote: Just saw on Twitter that KCB will not cap rates on mobile loans at 14.5%. So much for helping the common man... With Equity, they are telling all their customers who want loans to get Equitel lines and apply for loans via Equitel....this way they are able to escape this 14.5% cap. And more people would be willing to borrow from these channels than walking into a bank to negotiate for a small short term loan. Am also wondering...MOVE possunt quia posse videntur
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VituVingiSana		#368 Posted : Thursday, September 01, 2016 9:39:57 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi		Impunity wrote: mawinder wrote: Impunity wrote: CFS STANBIC. Tells me by sms I will get 7.35%pa for minimum ballance of kes. 5000. Our juu. They have been offering the 7% on their savings accounts even before the bill was passed.For a learned man like you i am sure you have better options. Am not giving them my money...CBK gives 15% why sud I give cfc at 7%? Kwanza kuna a lot bargains at the bourse! 7% for 5,000 for a 'short-term' deposit. Immediate access. 15% for a much higher minimum [50k?] with a 10-year life. Want cash? Sell the bond at the market price, wait for settlement, then collect chq (or RGTS) from the broker. Apples to Oranges. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Impunity		#369 Posted : Thursday, September 01, 2016 11:18:06 PM
Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada		VituVingiSana wrote: Impunity wrote: mawinder wrote: Impunity wrote: CFS STANBIC. Tells me by sms I will get 7.35%pa for minimum ballance of kes. 5000. Our juu. They have been offering the 7% on their savings accounts even before the bill was passed.For a learned man like you i am sure you have better options. Am not giving them my money...CBK gives 15% why sud I give cfc at 7%? Kwanza kuna a lot bargains at the bourse! 7% for 5,000 for a 'short-term' deposit. Immediate access. 15% for a much higher minimum [50k?] with a 10-year life. Want cash? Sell the bond at the market price, wait for settlement, then collect chq (or RGTS) from the broker. Apples to Oranges. Mimi kama @wanjiku sikuelewi. Portfolio: Sold You know you've made it when you get a parking space for your yatcht.
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PKoli		#370 Posted : Friday, September 02, 2016 2:19:02 PM
Rank: Elder Joined: 2/10/2007 Posts: 1,587		Impunity wrote: Member and Simba has today resisted the uptrend...kumbe it was a dead cat bounce. Let them now rally to final sub 20 for new millionaires to board. I doubt we'll see sub 20. ..unless the banks issues significant bonus shares or splits
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