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stocksguru7		#1 Posted : Friday, February 25, 2011 6:54:05 PM
Rank: Member Joined: 6/28/2007 Posts: 38		Guys i am bit surprised with coments after comments hailing the super bank profits do you not see that this 100bln has come out of our pockets due to lack of proper controls between deposit rate and lending rate , at present bank are payin you 4% on deposits but they are charging 16%on loans thats 400 %percent profits on cost of goods Does all this sound ok ? Think of it this way that were the lending rates in line with international best practices your car loan instalment would be down by at least 50% pecent of what you are paying now the same goes for your house mortgage it would be down 50% than what you are paying now over 20 years Guys please pull out the pens and lets fight to bring the lending rates down to 6% or lets bring back the donde bill lets save ourselves this 100BLN overcharge done by the banks UN PACTUM UN DICTUM
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sorovi		#2 Posted : Friday, February 25, 2011 7:10:11 PM
Rank: Member Joined: 8/3/2007 Posts: 146		We should pray for another Airtel in banks..
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For Sport		#3 Posted : Friday, February 25, 2011 7:26:51 PM
Rank: Veteran Joined: 12/23/2010 Posts: 1,229		stocksguru7 wrote: Guys i am bit surprised with coments after comments hailing the super bank profits do you not see that this 100bln has come out of our pockets due to lack of proper controls between deposit rate and lending rate , at present bank are payin you 4% on deposits but they are charging 16%on loans thats 400 %percent profits on cost of goods Does all this sound ok ? Think of it this way that were the lending rates in line with international best practices your car loan instalment would be down by at least 50% pecent of what you are paying now the same goes for your house mortgage it would be down 50% than what you are paying now over 20 years Guys please pull out the pens and lets fight to bring the lending rates down to 6% or lets bring back the donde bill lets save ourselves this 100BLN overcharge done by the banks Agreed. Meanwhile, mitigate against the crazy interest rates by buying bank shares so that you earn dividends and reap capital gains.
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Cde Monomotapa		#4 Posted : Friday, February 25, 2011 8:09:01 PM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		Be the pimp or get pimped is my M.O
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Gatheuzi		#5 Posted : Friday, February 25, 2011 9:16:47 PM
Rank: Veteran Joined: 8/16/2009 Posts: 994		I wish the rates could increase to 30%, I am a total capitalist with all my portfolio pegged on banks. 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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Genghis Khan		#6 Posted : Monday, February 28, 2011 10:44:58 AM
Rank: Member Joined: 8/5/2010 Posts: 335 Location: Nairobi		sorovi wrote: We should pray for another Airtel in banks.. Really? That is just hilarious... the industry is so different the comparison is just funny. I trust that if you were made CEO of one of the big banks you wouldn't take customers' deposits + shareholders capital and lend at circa 9%? How would they pay your big salary? What would be your plan / strategy? What good would come out of it? There are better ways of doing CSR. The point is that the money market is a bit more complex and is not dependent on banks alone... We have a few options though... 1. Get a job at a bank and borrow @4% 2. Stop using our bank account as an investment vehicle, put any extra cash to good use... NSE, Investment banks, Savings plan, plots... 3. If you are a business person and you need cheap capital... do a proper plan and go to an investment bank to get an equity / debt partner. Its a long shot but its the way things are supposed to be done. "I'd rather be lucky than clever... every time!" - ME "The problem is not what we don't know... it's what we know for sure that just ain't!" - MARK TWAIN "Space we can recover... time never!" - NAPOLEON BONAPARTE
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Wendz		#7 Posted : Monday, February 28, 2011 11:13:04 AM
Rank: Elder Joined: 6/19/2008 Posts: 4,268		Genghis Khan wrote: sorovi wrote: We should pray for another Airtel in banks.. Really? That is just hilarious... the industry is so different the comparison is just funny. I trust that if you were made CEO of one of the big banks you wouldn't take customers' deposits + shareholders capital and lend at circa 9%? How would they pay your big salary? What would be your plan / strategy? What good would come out of it? There are better ways of doing CSR. The point is that the money market is a bit more complex and is not dependent on banks alone... We have a few options though... 1. Get a job at a bank and borrow @4% 2. Stop using our bank account as an investment vehicle, put any extra cash to good use... NSE, Investment banks, Savings plan, plots... 3. If you are a business person and you need cheap capital... do a proper plan and go to an investment bank to get an equity / debt partner. Its a long shot but its the way things are supposed to be done. Most importantly.... On debt, the micro finance institutions were supposed to be a bridge between banks and the SMEs.... these days, their(at least most of them) rates are higher than the banks'......
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VituVingiSana		#8 Posted : Monday, February 28, 2011 12:06:58 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,098 Location: Nairobi		Haiya! Yet these same chaps 'happy' with the insane margins banks make... are complaining about the kadogo margin KenolKobil made? Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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