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streetwise		#971 Posted : Friday, September 09, 2016 10:10:58 AM
Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi		For those who get paid salaries etc through savings accounts I believe the bank want to convert these accounts to some non interest bearing accounts to avoid paying the 7..XX% interest
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guru267		#972 Posted : Friday, September 09, 2016 4:42:22 PM
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi		The portfolio de risking begins... Good luck with your loan applications at 14.5% p.a. http://www.businessdaily...74800-b0eb44z/index.html Mark 12:29 Deuteronomy 4:16
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Plimsoul		#973 Posted : Friday, September 09, 2016 7:03:28 PM
Rank: Member Joined: 3/3/2016 Posts: 132		https://twitter.com/alla...atus/774267555708039168 CBA breaks rank with other banks, becomes 1st lender to cap interest rate using Kenya Bankers Reference Rate at 12.9% Actual notice: https://twitter.com/CBA_...tatus/774265831861657600
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obiero		#974 Posted : Friday, September 09, 2016 7:08:03 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,320 Location: nairobi		Plimsoul wrote: https://twitter.com/allanolingo/status/774267555708039168 CBA breaks rank with other banks, becomes 1st lender to cap interest rate using Kenya Bankers Reference Rate at 12.9% monkey tricks COOP, IMH, KEGN, KQ, MTNU
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Plimsoul		#975 Posted : Friday, September 09, 2016 7:20:49 PM
Rank: Member Joined: 3/3/2016 Posts: 132		Irony of using KBRR is that because it's lower, banks move to lending to govt. So tbills drop, and because tbills make up KBRR, KBRR drops further. CBK wont even have to change CBR. Interesting times ahead.
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obiero		#976 Posted : Friday, September 09, 2016 7:46:37 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,320 Location: nairobi		Plimsoul wrote: Irony of using KBRR is that because it's lower, banks move to lending to govt. So tbills drop, and because tbills make up KBRR, KBRR drops further. CBK wont even have to change CBR. Interesting times ahead. But KBRR is extra low considering free deposits from majority of the transactional accounts.. CBA did no one a favor, including themselves.. But their source of funds may be illegit so we understand COOP, IMH, KEGN, KQ, MTNU
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wukan		#977 Posted : Friday, September 09, 2016 8:14:32 PM
Rank: Veteran Joined: 11/13/2015 Posts: 1,658		obiero wrote: Plimsoul wrote: Irony of using KBRR is that because it's lower, banks move to lending to govt. So tbills drop, and because tbills make up KBRR, KBRR drops further. CBK wont even have to change CBR. Interesting times ahead. But KBRR is extra low considering free deposits from majority of the transactional accounts.. CBA did no one a favor, including themselves.. But their source of funds may be illegit so we understand The race to the bottom continues. Those banks unable to adapt to change will perish leaving only the most cost efficient surviving.
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newfarer		#978 Posted : Friday, September 09, 2016 9:12:40 PM
Rank: Elder Joined: 3/19/2010 Posts: 3,505 Location: Uganda		wukan wrote: obiero wrote: Plimsoul wrote: Irony of using KBRR is that because it's lower, banks move to lending to govt. So tbills drop, and because tbills make up KBRR, KBRR drops further. CBK wont even have to change CBR. Interesting times ahead. But KBRR is extra low considering free deposits from majority of the transactional accounts.. CBA did no one a favor, including themselves.. But their source of funds may be illegit so we understand The race to the bottom continues. Those banks unable to adapt to change will perish leaving only the most cost efficient surviving. Equity bank is soon going to be relegated. punda amecheka
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streetwise		#979 Posted : Friday, September 09, 2016 11:11:19 PM
Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi		Disaster in the making
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streetwise		#980 Posted : Friday, September 09, 2016 11:12:53 PM
Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi		Disaster in the making
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