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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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Mainat wrote: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)?
ati a communist?  i'm a long investor and currency stability is important as it is a key input of production. Thus, speculation & gambling around it needs castration. I wish the same could apply to crude oil markets.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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kizee1 wrote:interesting theory Mr KCB your darling bank's q2 liquidity was 20.7%, are you still holdin tite to it?
Yes I am still with KCB Group. At the close of Q2 KCB had 8B worth of available for sale assets so liquidity is no biggie. Also, the EAC Governments budget monies kicking in H2 should prop up deposits.
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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One word for @Cde learn some basic accounting...t-bills are part of those liquidity ratio's...KCB is a bank living dangerously...thank God IFC gave them that ermegence loan...if there is any bank worsely affected by the tightening is KCB...i hear morgage rates will be up soon.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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the deal wrote:One word for @Cde learn some basic accounting...t-bills are part of those liquidity ratio's...KCB is a bank living dangerously...thank God IFC gave them that ermegence loan...if there is any bank worsely affected by the tightening is KCB...i hear morgage rates will be up soon.
:-P
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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It is interesting how an individual or groups would think that a senior-loan EXPRESSLY taken out to fund longterm business like mortgages and to a lesser extent SMEs would describe that as an EMERGENCY loan.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Their comprehension must be extremly flawed indeed.
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Hahaha Mr KCB...tell us more...
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Furthermore, such characters should've interested themselves on the features and intent of the senior loan which are readily available on the IFC website before rumbling out their skewed thoughts in public.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Rank: Chief Joined: 1/3/2007 Posts: 18,375 Location: Nairobi
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Cde Monomotapa wrote:hisah wrote:Cde Monomotapa wrote:The CBK has re-inforced itself as the lender of last resort. The banks have been shaken. Sell ur t.bills,bonds & fx for liquidity before U come to us. Excellent, no more hustling on the trading desks. Go out, gather depos & make loans like a bank ought to. Survival will be for the fittest indeed.
In short, short them bank stocks 
Especially those that tend to serve their foreign masters more than East Africans
Seems the one at risk is KCB. Equity also made 2x in forex trading but should be OK.
BBK & Citi seem safe.
Not sure about Co-op. I think they will do fine.
Now as for KCB... Low liquidity means expensive overnight borrowing!!! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ksh at its weakest since it floated in 1994
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