Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
|
Angelica _ann wrote:maka wrote:muandiwambeu wrote:Angelica _ann wrote:Debt is/was a 2012 affair yawa  Who can pierce the viel and lay the debt levels at nakumatt with local banks. How could the banks be the last on this saga. Banks must have been supporting inefficient businesses and facilitating shafting of middle class big time. The taunted growth was in virtual world and not real at all. Sooner or latter foreclosures will be theain talk. I need a safe place keep my wealth and save myself the deflation hell. NSE has some time at the mechanic before spanner works is over. Cracks emerging very fast. Somebody should hit the brakes at the right time. For now, it has to be cause multiplier effect failed and no Government wants to run such an economy it can not multiply and divide. The story begin like this... Uchumi got whacky first Exposed banks taken to the cleaners Nakuhurt dancing like a drunken master Sublime Court darted the economy with poisoned darts Kenyans dancing to the rythms Recreations and luxury commodities on rhe rise My memory fails me, hope its not dementia or something. Wazua, help me put up this together. Probably we will write the history together for the next rainy day. The Central Bank of Kenya (CBK), in its capacity as the chief protector of depositors’ interests, is such a major stakeholder in this. As at August 2016, the retail chain owed commercial banks a total of Sh13 billion-spread across 10 banks. The Nakumatt one is well spread, even KQ and many other organizations and individuals owe banks billions. without borrowing, banks wouldn't survive!!! Risk assessment ni yao .... they went to Nakumatt thinking individuals are to risk and cost inefficient to lend to. They are paying for their risk assessment anomalies!!!!!! I have a friend who has offer letters from 2 banks for a 150M loan with little or no risk assessment so banks are to blame when such loans are defaulted.More due diligence should be done else their NPLs will continue to balloon.
|