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Kenya has the highest interest rate in the world
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jaggernaut
#1 Posted : Thursday, June 14, 2012 12:50:07 PM
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Joined: 10/9/2008
Posts: 5,389
Kenya 18%, India 8%, Germany 1%, UK 0.5%, US 0.25%, Japan 0%.

RINK
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pariah
#2 Posted : Thursday, June 14, 2012 2:14:34 PM
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Joined: 11/24/2011
Posts: 833
jaggernaut wrote:
Kenya 18%, India 8%, Germany 1%, UK 0.5%,[/size][/color] US 0.25%, Japan 0%.

RINK



think again
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kiash
#3 Posted : Thursday, June 14, 2012 2:19:20 PM
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Joined: 4/27/2010
Posts: 951
Location: Nyumbani
It’s a bit funny that the top on the list are some African countries. It’s also a wonder that Kenyans have to pay even to withdraw money from their accounts. No wonder banks make billions in profits.
I heard there are even banks charging people to deposit their money in their accounts. Most European banks will charge you for the card and pay an account maintenance fee per month but will not charge you to withdraw money. At 18%, no wonder loans are so expensive.
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Ali Baba
#4 Posted : Thursday, June 14, 2012 3:14:08 PM
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Joined: 8/29/2008
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KIASH: yes,banks in kenya charge to deposit and to withdraw.They charge even an ATM withdrawal.banks in developed countries(like in US),they don't charge anything even for using ATM.As for me,I don't complain.They charge me yes,but I get my money back.The dividend income I get compensates for the charges.....
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Ali Baba
#5 Posted : Thursday, June 14, 2012 3:16:12 PM
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Pariah....I think I know who you are by name....from another site(FB) he he he!!!
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Manyala
#6 Posted : Thursday, June 14, 2012 3:27:54 PM
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Joined: 11/8/2011
Posts: 482
Location: Nairobi
Ali Baba wrote:
Pariah....I think I know who you are by name....from another site(FB) he he he!!!



Oooops, amejitokelezea? Makosa imefanyika.
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madhaquer
#7 Posted : Thursday, June 14, 2012 3:54:22 PM
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Joined: 11/10/2010
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Location: Nairobi
This explains why local businesses cannot compete with a foreign financed entity. And why a hard working Kenyan earning the same as one in the diaspora cannot afford a similar lifestyle.
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murchr
#8 Posted : Thursday, June 14, 2012 4:50:54 PM
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Joined: 2/26/2012
Posts: 15,980
Ali Baba wrote:
KIASH: yes,banks in kenya charge to deposit and to withdraw.They charge even an ATM withdrawal.banks in developed countries(like in US),they don't charge anything even for using ATM.As for me,I don't complain.They charge me yes,but I get my money back.The dividend income I get compensates for the charges.....


Where is this that you bank?
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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guru267
#9 Posted : Thursday, June 14, 2012 7:34:58 PM
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Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Is anyone aware that just next door in Uganda the CBR is 21%..

That puts the credibility of that link in serious question...
Mark 12:29
Deuteronomy 4:16
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Ali Baba
#10 Posted : Thursday, June 14, 2012 9:16:46 PM
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Madhaquer:comparing a kenyan in diaspora and a Kenyan in nairobi vis a vis their lifestyle,is like comparing a donkey to a camel.
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Ali Baba
#11 Posted : Thursday, June 14, 2012 9:19:58 PM
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Machr: Where I bank???I bank at Equity and KCB.But I'm also a shareholder of those banks.My dividend income(from banks) is enough to pay all my rent for two years.Why should I complain????
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nakujua
#12 Posted : Friday, June 15, 2012 11:20:30 AM
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Joined: 12/17/2009
Posts: 3,583
Location: Kenya
ans the demand for loans is still high.
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