Wazua
»
Investor
»
Economy
»
Chase Bank loss...another case of cooking the books?
Rank: Elder Joined: 12/4/2009 Posts: 10,701 Location: NAIROBI
|
"What will be left of Chase Bank will be a shell with Sh19 billion of loans mostly unpaid. Shareholders and management deposits will be stuck in the insolvent shell as well as its creditors including bondholders." Read more at: https://www.standardmedi...ry-picks-premium-assets
Investment and insurance companies which bought into chase bank bond will have to write off the amount Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
|
 Pesa Nane plans to be shilingi when he grows up.
|
|
|
Rank: Elder Joined: 7/26/2007 Posts: 6,514
|
Now we shall see how serious KDIC is...the rubber will soon hit the road! Business opportunities are like buses,there's always another one coming
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,528 Location: nairobi
|
The unsecured debt will have to be written off.. But a good development with SBM
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,528 Location: nairobi
|
muganda wrote:Bigchick wrote:There has been a story about SBM taking only the good book.Sorry am yet to get my tutorials on how to put a link here.It was in the Standard on Sato.
Would like to hear more ftom experts here. Must loudly wonder about the denial many engaged in when CBK governor brought the farce to judgement - 12 institutions (3 local, 4 foreign, 5 consortiums) all gave up after taking a closer look at Chase Bank's ugliness! https://www.standardmedi...ry-picks-premium-assets
Good Bank - SBM 57bn in performing loans 57bn in deposits - quarter in current account - quarter in savings account - half in 7% term deposit maturing in 3 installments over 3 years Bad Bank - CBK 35bn hole, awaiting court cases, made up of: 20bn guys who stopped paying after receivership 15bn management assets frozen There's hope
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
|
Is anyone in jail yet?
BBI will solve it :)
|
|
|
Rank: Elder Joined: 12/7/2012 Posts: 11,908
|
2012 wrote:Is anyone in jail yet? This is Kenya!!! In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
|
|
|
Rank: Elder Joined: 2/26/2012 Posts: 15,980
|
2012 wrote:Is anyone in jail yet? The Kenyan judiciary is the most corrupt institution "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,701 Location: NAIROBI
|
murchr wrote:2012 wrote:Is anyone in jail yet? The Kenyan judiciary is the most corrupt institution Wrong Judiciary ain't the problem.The problem is the prosecution institution Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Elder Joined: 2/26/2012 Posts: 15,980
|
Ericsson wrote:murchr wrote:2012 wrote:Is anyone in jail yet? The Kenyan judiciary is the most corrupt institution Wrong Judiciary ain't the problem.The problem is the prosecution institution Bookmark this post, the case is in court 9 counts of fraud and other related charges. Khan has asked the court to block his prosecution, watch and see how they play it. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,701 Location: NAIROBI
|
https://www.businessdail...50364-ws425v/index.html
Money gone for sure Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,701 Location: NAIROBI
|
State Bank of Mauritius (SBM) Completes Chase Bank's purchase of select financial assets & liabilities along with most operating assets & infrastructure (branches, employees, IT etc). CBK expected to give a statement before the end of today Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: New-farer Joined: 5/21/2013 Posts: 72 Location: KENYA
|
|
|
|
Rank: Elder Joined: 2/8/2013 Posts: 4,068 Location: At Large.
|
I don't understand.Someone please break it down for me. Love is beautiful and so are those who share it.With Love, Marriage is an amazing event in ones life time, the foundation of joy, happiness and success.
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,528 Location: nairobi
|
obiero wrote:The unsecured debt will have to be written off.. But a good development with SBM This is excellent work by Governor Njoroge
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,528 Location: nairobi
|
Good stuff
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Rank: Veteran Joined: 7/3/2007 Posts: 1,634
|
Is anyone attending the Chase Bank depositors briefing at Crowne Plaza this morning? If so can you please post a summary? Thanks Asking for friend "The opposite of a correct statement is a false statement. But the opposite of a profound truth may well be another profound truth." (Niels Bohr)
|
|
|
Rank: Elder Joined: 12/7/2012 Posts: 11,908
|
obiero wrote:obiero wrote:The unsecured debt will have to be written off.. But a good development with SBM This is excellent work by Governor Njoroge What Njoroge has done at CBK is amazing. It shows you that previously CBK was in cahoot with the hyenas. Keep it up. In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
|
|
|
Rank: Elder Joined: 7/26/2007 Posts: 6,514
|
So what will depositors get back? Say I had 10M there? Business opportunities are like buses,there's always another one coming
|
|
|
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
|
Ericsson wrote:murchr wrote:2012 wrote:Is anyone in jail yet? The Kenyan judiciary is the most corrupt institution Wrong Judiciary ain't the problem.The problem is the prosecution institution Both are bogus... This case wont go anywhere... Unless UK intervenes.... possunt quia posse videntur
|
|
|
Wazua
»
Investor
»
Economy
»
Chase Bank loss...another case of cooking the books?
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.
|