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Law Capping interest rates
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KulaRaha
#1681 Posted : Monday, January 09, 2017 8:41:16 PM
Rank: Elder


Joined: 7/26/2007
Posts: 6,514
And there are cartoons here buying bank shares...wonders never cease.
Business opportunities are like buses,there's always another one coming
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Taurrus
#1682 Posted : Monday, January 09, 2017 8:44:07 PM
Rank: Member


Joined: 8/25/2015
Posts: 839
Location: Kite
Angelica _ann wrote:
ngapat wrote:
Still waiting for interests on my savings account from Equity. They used pay the interests promptly every 1st of January each year before. Whats cooking this time

You better check your account is still a savings account or for that matter at interest earning deposit account smile

You mean saving AC means NO interest ?
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maka
#1683 Posted : Monday, January 09, 2017 9:01:25 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
@ngapat please let us know if they paid...this banks are crafty like @AA pointed out.
possunt quia posse videntur
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watesh
#1684 Posted : Tuesday, January 10, 2017 1:51:34 AM
Rank: Veteran


Joined: 8/10/2014
Posts: 977
Location: Kenya
Only bank stock i would have touched in this shaky period is CBA...Mshwari is flying high. KCB too lazy with their mobile loans product
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Gatheuzi
#1685 Posted : Tuesday, January 10, 2017 8:07:39 AM
Rank: Veteran


Joined: 8/16/2009
Posts: 994
KulaRaha wrote:
And there are cartoons here buying bank shares...wonders never cease.

Smart investors always buy fear. When the tide turns they will sell you the greed. It is that simple.
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
#1686 Posted : Tuesday, January 10, 2017 9:20:17 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
KulaRaha wrote:
And there are cartoons here buying bank shares...wonders never cease.


Stocks for the season... Insurance and Energy.
Life is short. Live passionately.
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ngapat
#1687 Posted : Tuesday, January 10, 2017 10:07:10 AM
Rank: Member


Joined: 12/11/2006
Posts: 884
maka wrote:
@ngapat please let us know if they paid...this banks are crafty like @AA pointed out.

No payment yet. I had been receiving interests on my savings account every year since 2008 and I've not changed my account
“Invest in yourself. Your career is the engine of your wealth.”
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Ericsson
#1688 Posted : Tuesday, January 10, 2017 10:11:27 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
ngapat wrote:
maka wrote:
@ngapat please let us know if they paid...this banks are crafty like @AA pointed out.

No payment yet. I had been receiving interests on my savings account every year since 2008 and I've not changed my account



Forced to transactional account that has no interest
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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maka
#1689 Posted : Tuesday, January 10, 2017 10:17:16 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Ericsson wrote:
ngapat wrote:
maka wrote:
@ngapat please let us know if they paid...this banks are crafty like @AA pointed out.

No payment yet. I had been receiving interests on my savings account every year since 2008 and I've not changed my account



Forced to transactional account that has no interest


Crafty fellows...
possunt quia posse videntur
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MaichBlack
#1690 Posted : Tuesday, January 10, 2017 12:29:41 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,460
Apparently there is no credit crunch and those who were saying there would be one are just dreamers
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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MaichBlack
#1691 Posted : Tuesday, January 10, 2017 12:39:39 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,460
Swenani wrote:
Shak wrote:
Equity has suspended eazy plus loans through equitel until further notice


In njaanuary! Evil

Hata the M-Shwari crew wata feel the pinch round hii!!!

They said credit crunch was the figment of people's imagination. Haya basi. Habari ndiyo hiyo.

Let the spinners get to work.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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MaichBlack
#1692 Posted : Tuesday, January 10, 2017 12:43:16 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,460
Ericsson wrote:
ngapat wrote:
maka wrote:
@ngapat please let us know if they paid...this banks are crafty like @AA pointed out.

No payment yet. I had been receiving interests on my savings account every year since 2008 and I've not changed my account



Forced to transactional account that has no interest


Most probably. And even for interest earning accounts, most banks are restricting withdraws to four per year - one per quarter - or you don't get the interest for that quarter.

The news is that one. Habari ndiyo hiyo!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Ericsson
#1693 Posted : Tuesday, January 10, 2017 12:45:04 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
MPC meeting to set the CBK rate will have to be brought forward.
At the rate with which the currency is weakening we can't wait till 30th January
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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KulaRaha
#1694 Posted : Tuesday, January 10, 2017 1:00:11 PM
Rank: Elder


Joined: 7/26/2007
Posts: 6,514
Ericsson wrote:
MPC meeting to set the CBK rate will have to be brought forward.
At the rate with which the currency is weakening we can't wait till 30th January


CBK is rejecting T bills. What makes you think they will raise rates? Those guys live in la la land.
Business opportunities are like buses,there's always another one coming
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wukan
#1695 Posted : Tuesday, January 10, 2017 4:22:25 PM
Rank: Veteran


Joined: 11/13/2015
Posts: 1,596
Ericsson wrote:
MPC meeting to set the CBK rate will have to be brought forward.
At the rate with which the currency is weakening we can't wait till 30th January


Why raise rates when they are increasing money supply in double digits. CBK rate is a useless lever, that's why they have turned to issuing warnings about talking down the shilling.
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aemathenge
#1696 Posted : Tuesday, January 10, 2017 4:48:42 PM
Rank: Elder


Joined: 10/18/2008
Posts: 3,434
Location: Kerugoya
muandiwambeu wrote:
Where are the lenders(banks) investing money retired from high risk creditors if not lending you?

Where indeed?

Could it be that the big boys are lending outside Kenia using their non-Kenian branches/arms?

Ug, Tz, DRC?

How can we tell if lending has fallen drastically within a Kenian arm of a Lender but increased substantially in their branches within the three markets named above?

My interest in this has been piqued by this article in the Business Daily.
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muandiwambeu
#1697 Posted : Tuesday, January 10, 2017 5:02:47 PM
Rank: Veteran


Joined: 8/28/2015
Posts: 1,247
wukan wrote:
Ericsson wrote:
MPC meeting to set the CBK rate will have to be brought forward.
At the rate with which the currency is weakening we can't wait till 30th January


Why raise rates when they are increasing money supply in double digits. CBK rate is a useless lever, that's why they have turned to issuing warnings about talking down the shilling.

Sad Sad Sad Sad
Can you dare say that! That's only possible in a banana republic. And if its the case, then Zimbabwe, here you got a competitor/peer.!Pray Pray Pray d'oh!
,Behold, a sower went forth to sow;....
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maka
#1698 Posted : Tuesday, January 10, 2017 5:28:59 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
KulaRaha wrote:
Ericsson wrote:
MPC meeting to set the CBK rate will have to be brought forward.
At the rate with which the currency is weakening we can't wait till 30th January


CBK is rejecting T bills. What makes you think they will raise rates? Those guys live in la la land.


Yep they are not going to raise rates....
possunt quia posse videntur
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obiero
#1699 Posted : Tuesday, January 10, 2017 5:57:50 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,552
Location: nairobi
maka wrote:
KulaRaha wrote:
Ericsson wrote:
MPC meeting to set the CBK rate will have to be brought forward.
At the rate with which the currency is weakening we can't wait till 30th January


CBK is rejecting T bills. What makes you think they will raise rates? Those guys live in la la land.


Yep they are not going to raise rates....

It's not a case of whether or not they will, but whether or not they should

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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ngapat
#1700 Posted : Tuesday, January 10, 2017 7:01:51 PM
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Joined: 12/11/2006
Posts: 884
trouble on the way
“Invest in yourself. Your career is the engine of your wealth.”
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