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Law Capping interest rates
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watesh
#631 Posted : Thursday, August 25, 2016 9:37:52 AM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
KCB goes below 30
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maka
#632 Posted : Thursday, August 25, 2016 9:38:11 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
holycow wrote:
Sober wrote:


I've not read anywhere on when this law will be effective.

If it does not help previous loan holders it means i can borrow at 13% in bank J and go offset my Bank B loan which is charging 25% interest then live happily there after hoping the CBK rate will not go to 15%



Plot Twist, Bank J thinks you high risk and decides to lend to GoK at 15.

Quote:
This month the Central Bank of Kenya offered a 10 year Treasury Bond for a total amount of up to Kshs 25 Billion. The total number of bids received was 795 amounting to Kshs 26.31 Billion. The Weighted average rate for successful bids was 15.039%.


Guys got it as high as 15.60%...Noma
possunt quia posse videntur
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Spikes
#633 Posted : Thursday, August 25, 2016 9:41:44 AM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
Shak wrote:
Bank stocks plunging.Equity has hit a low of 33bob



Expect more than 50% drop! Hapa hakuna mchezo. Foreigners don't take chances. Massive pullout as supply overruns demand!
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Shak
#634 Posted : Thursday, August 25, 2016 9:45:03 AM
Rank: Elder

Joined: 2/22/2009
Posts: 2,449
Location: Africa
Spikes wrote:
Shak wrote:
Bank stocks plunging.Equity has hit a low of 33bob



Expect more than 50% drop! Hapa hakuna mchezo. Foreigners don't take chances. Massive pullout as supply overruns demand!

Equity was a darling with foreigners. Not any more at least for now
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Sober
#635 Posted : Thursday, August 25, 2016 9:46:20 AM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
Spikes wrote:
Shak wrote:
Bank stocks plunging.Equity has hit a low of 33bob



Expect more than 50% drop! Hapa hakuna mchezo. Foreigners don't take chances. Massive pullout as supply overruns demand!


Banks are in the RED
KCB Down to 30 6%
Equity to 33 7%
Co-operative 11 9%
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Wamunyota
#636 Posted : Thursday, August 25, 2016 9:48:49 AM
Rank: Veteran

Joined: 6/23/2014
Posts: 1,652
Sober wrote:
Spikes wrote:
Shak wrote:
Bank stocks plunging.Equity has hit a low of 33bob



Expect more than 50% drop! Hapa hakuna mchezo. Foreigners don't take chances. Massive pullout as supply overruns demand!


Banks are in the RED
KCB Down to 30 6%
Equity to 33 7%
Co-operative 11 9%

Kichinjio kimeanza.....
Hutia Mundu!!
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mlennyma
#637 Posted : Thursday, August 25, 2016 9:50:58 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Interest brexit,ring the bell we halt trading, its chaotic, 0 demand across bank stocks,let's wait for suicide reports
"Don't let the fear of losing be greater than the excitement of winning."
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  | | Edit by user: Thursday, August 25, 2016 9:52 AM | Reason: Not specified
Impunity
#638 Posted : Thursday, August 25, 2016 9:58:34 AM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
KulaRaha wrote:
Which rate is CBK base rate?


very confusing.
Some say its the 10.5 CBK rate while others say its the KBRR rate of 8.90%.

d'oh! d'oh! d'oh!
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Liv
#639 Posted : Thursday, August 25, 2016 10:00:37 AM
Rank: Veteran

Joined: 11/14/2006
Posts: 1,311
mlennyma wrote:
Interest brexit,ring the bell we halt trading, its chaotic, 0 demand across bank stocks,let's wait for suicide reports



This was expected.... Next stop is the USD.... Will they try to protect the shilling? Let's wait and see.
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Sober
#640 Posted : Thursday, August 25, 2016 10:01:40 AM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
mlennyma wrote:
Interest brexit,ring the bell we halt trading, its chaotic, 0 demand across bank stocks,let's wait for suicide reports


Banks leading the LOSERS

Losers Price Change
KCB 29.50 9.92% ▼
COOP 11.95 9.81% ▼
I&M 96.50 9.81% ▼
EQTY 32.50 9.72% ▼
NBK 7.00 9.68% ▼
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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