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Law Capping interest rates
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penkon
#891 Posted : Thursday, September 01, 2016 4:34:39 PM
Rank: New-farer

Joined: 3/12/2014
Posts: 96
karete wrote:
obiero wrote:
[quote=HaMaina]Is it true that CBK has issued notice giving banks & mortgage companies until September 14th to fully implement the Banking Act 2016.

http://www.businessdaily...65534-lkln7n/index.html[/quote]

Did they have to wait for this?
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streetwise
#892 Posted : Thursday, September 01, 2016 4:53:50 PM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
There is no need for notice when one bank is already advertising that they can buy other banks loans. Fall in line is the word
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obiero
#893 Posted : Thursday, September 01, 2016 5:10:32 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,318
Location: nairobi
karete wrote:
obiero wrote:
[quote=HaMaina]Is it true that CBK has issued notice giving banks & mortgage companies until September 14th to fully implement the Banking Act 2016.

http://www.businessdaily...65534-lkln7n/index.html[/quote]

Did they have to wait for this?

Dkt Mwangi shall be jailed http://www.businessdaily...item-1-o2ftg7/index.html
COOP, IMH, KEGN, KQ, MTNU
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  | | Edit by user: Friday, September 02, 2016 9:22 AM | Reason: Not specified
instinct
#894 Posted : Sunday, September 04, 2016 10:16:45 PM
Rank: Member

Joined: 8/17/2007
Posts: 294
obiero wrote:
karete wrote:
[quote=obiero][quote=HaMaina]Is it true that CBK has issued notice giving banks & mortgage companies until September 14th to fully implement the Banking Act 2016.

http://www.businessdaily...65534-lkln7n/index.html[/quote]

Did they have to wait for this?

Dkt Mwangi shall be jailed http://www.businessdaily...tem-1-o2ftg7/index.html[/quote]


bado hajaamini
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KulaRaha
#895 Posted : Monday, September 05, 2016 8:26:03 AM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
CBK giving zero direction in this matter.

How can a 1 year loan and a 7 year loan both cost 14.5%?

Also, what is the formula to calculate CBR or is it an arbitrary rate?
Business opportunities are like buses,there's always another one coming
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obiero
#896 Posted : Monday, September 05, 2016 8:33:20 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,318
Location: nairobi
KulaRaha wrote:
CBK giving zero direction in this matter.

How can a 1 year loan and a 7 year loan both cost 14.5%?

Also, what is the formula to calculate CBR or is it an arbitrary rate?

The 14.5 percent is per annum.. Nothing confused about CBK on the matter
COOP, IMH, KEGN, KQ, MTNU
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obiero
#897 Posted : Monday, September 05, 2016 8:35:14 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,318
Location: nairobi
KulaRaha wrote:
CBK giving zero direction in this matter.

How can a 1 year loan and a 7 year loan both cost 14.5%?

Also, what is the formula to calculate CBR or is it an arbitrary rate?

The 14.5 percent is per annum.. Nothing confused about CBK on the matter
COOP, IMH, KEGN, KQ, MTNU
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obiero
#898 Posted : Monday, September 05, 2016 8:36:54 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,318
Location: nairobi
KulaRaha wrote:
CBK giving zero direction in this matter.

How can a 1 year loan and a 7 year loan both cost 14.5%?

Also, what is the formula to calculate CBR or is it an arbitrary rate?

The 14.5 percent is per annum.. Nothing confused about CBK on the matter
COOP, IMH, KEGN, KQ, MTNU
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KulaRaha
#899 Posted : Monday, September 05, 2016 8:40:23 AM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
obiero wrote:
KulaRaha wrote:
CBK giving zero direction in this matter.

How can a 1 year loan and a 7 year loan both cost 14.5%?

Also, what is the formula to calculate CBR or is it an arbitrary rate?

The 14.5 percent is per annum.. Nothing confused about CBK on the matter


So yield curve is flat regardless of tenor?
Business opportunities are like buses,there's always another one coming
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obiero
#900 Posted : Monday, September 05, 2016 9:02:19 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,318
Location: nairobi
KulaRaha wrote:
obiero wrote:
KulaRaha wrote:
CBK giving zero direction in this matter.

How can a 1 year loan and a 7 year loan both cost 14.5%?

Also, what is the formula to calculate CBR or is it an arbitrary rate?

The 14.5 percent is per annum.. Nothing confused about CBK on the matter


So yield curve is flat regardless of tenor?

Yes. It is, though on reducing balance. Ideally longer tenors should have higher rates but this shall be where banks will punish consumers by maxing all product lines at the very top. Plus the CBR is subject to fluctuations. So in year 1 one may pay 14.5 but in year 2 the same could change to 23 percent. It's now in the hands of government
COOP, IMH, KEGN, KQ, MTNU
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  | | Edit by user: Monday, September 05, 2016 9:04 AM | Reason: Not specified
303 Pages«<8889909192>»
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