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HFCK keeps the banks faith.

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Muthawamunene		#11 Posted : Friday, May 13, 2011 5:13:38 PM
Rank: Member Joined: 1/3/2011 Posts: 264 Location: Nairobi		Cde Monomotapa wrote: @Selah..I see u n that's why the mantra has moved to "low-cost housing" also I expect the creation & physical/infrastructure devt. of counties to bring in new demand for real estate thus reducing the pressure on urban areas coz enyewe OTW Nairobi kutalipuka!! I am very bullish on the mortgage mkt. going forward based on the aforementiond reasoning. So i am playing via KCB S&L for they have the muscle to finance & vast distribution to supply. Good home morgage from coop.
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Cde Monomotapa		#12 Posted : Friday, May 13, 2011 5:50:44 PM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		@MwM...guys @co-op need to finish up with the rights/re-cap before coming to the table. By then KCB S&L will have gained another 10% mortgage mkt share.
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invest0r		#13 Posted : Friday, May 13, 2011 7:39:32 PM
Rank: Member Joined: 12/15/2010 Posts: 162		True dat @Cde. Coop has a long way to go before commanding a sizeable mortgage market share. Currently KCB controls 30% of the mortgage market, HFCK controls 28% and CFC controls 10%. All the other banks control 32% only. Hawawesmek hapa
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Cde Monomotapa		#14 Posted : Friday, May 13, 2011 10:29:09 PM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		invest0r wrote: True dat @Cde. Coop has a long way to go before commanding a sizeable mortgage market share. Currently KCB controls 30% of the mortgage market, HFCK controls 28% and CFC controls 10%. All the other banks control 32% only. Hawawesmek hapa Weka tyre..??..gari ipite
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invest0r		#15 Posted : Saturday, May 14, 2011 10:06:14 AM
Rank: Member Joined: 12/15/2010 Posts: 162		Most banks also find it a challenge to provide mortgage loans because of assets liability maturity mismatch. Providing mortgage loans requires long term source of finance like issuing a bond. The customer deposits collected by the banks cannot adequately cover the exposure of mortgage financing. HFCK and CFC have issued bonds. KCB is also planning to issue one.
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Cde Monomotapa		#16 Posted : Saturday, May 14, 2011 12:52:50 PM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		invest0r wrote: Most banks also find it a challenge to provide mortgage loans because of assets liability maturity mismatch. Providing mortgage loans requires long term source of finance like issuing a bond. The customer deposits collected by the banks cannot adequately cover the exposure of mortgage financing. HFCK and CFC have issued bonds. KCB is also planning to issue one. >>>Yup yup! True that! But before we (KCB) go the bond route let's await the determination of the USD105M wholesale deal from IFC early next month (June 7th*). I believe it will be cheaper money and atleast 15yr tenure. When that doesn't work, we resort to floating the bond on the NSE. To combine the 12.5B from the Rights with the USD105M from IFC makes me very excited!!!
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Cde Monomotapa		#17 Posted : Saturday, May 14, 2011 2:43:13 PM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		LOL! Even KCB's football team has emerged from the trenches to top the KPL this season!! Big tings!!
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