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Ksh at its weakest since it floated in 1994
Rank: Chief Joined: 1/13/2011 Posts: 5,964
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The only way to dilute his heavy hand is to invest in a geographically diversified (EAC) bank like KCB Group.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Cde Monomotapa wrote:The only way to dilute his heavy hand is to invest in a geographically diversified (EAC) bank like KCB Group. Kinda like investing in KK over Total Kenya in light of the heavy regulatory environment in Kenya's oil sector.
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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Cde-perhaps the good guvnor should micromanage the economic environment and get the good creditors while he is at it. That is, bring rains; give Kenya a good political transition with WR and UK enjoying the benefits of being based at the Hague; reduce corruption to name but a few. Hi si China... Sehemu ndio nyumba
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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 go onto www.centralbank.go.ke and read the 3 circulars thereon. Don't rely on the papers. U will realise that the CBK is managing monetary policy by reinforcing itself as the lender of last resort by imposing a steep discount window rate to curb arbitage and also make it clear to banks that b4 they go to the window for liquidity, 1st consider selling ur t.bills, bonds and ESPECIALLY FOREX (held for speculation & gambling). Basically, what he is saying is...do what a bank is created to do and that is, raise deposits & make loans - simple. For that he has my full support.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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If this and more regulations lead to banking sector consolidation, then well and good. 42 banks are just too many in the 1st place.
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Rank: Veteran Joined: 6/17/2009 Posts: 1,627
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Looking at half year results for Citibank half year PAT was up 33%,Interest income,fees and commissions on loans and advances were down.A 79% increase in FOREX trading income saved the day for them.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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cnn wrote: Looking at half year results for Citibank half year PAT was up 33%,Interest income,fees and commissions on loans and advances were down.A 79% increase in FOREX trading income saved the day for them. These r the sort of banks that are being sought by the regulations.
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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comrade-you are a proper communist. Bank stock is too expensive for any mergers to take place currently. Have u thought of a move to Cuba/Venuzuela or the great Democratic People's Republic of Korea (aka North Korea)? Sehemu ndio nyumba
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Rank: Member Joined: 9/29/2010 Posts: 679 Location: nairobi
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Cde Monomotapa wrote:cnn wrote: Looking at half year results for Citibank half year PAT was up 33%,Interest income,fees and commissions on loans and advances were down.A 79% increase in FOREX trading income saved the day for them. These r the sort of banks that are being sought by the regulations. i what theyr doing illegal? what came out the last witch hunt? nothing! infact last week ndungu the clown all but named and blamed kenolkobil for the weakenin of the KES! he is surely runnin out of scapegoats
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Ksh at its weakest since it floated in 1994
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