Hallo wazua, Sorry I had an out-of-town weekend with minimal internet access. I note the questions are coming fast and furious. Let me start with the easy ones. FDR vs t-bills ;

A little secret in the industry is that small banks will always offer you a better FDR rate than the big guys for a very simple reason. The big 5 can mobilize deposits very quickly and very cheaply. Think KCB banking holding 80% of the accounts from the best customer in Kenya i.e. GoK. Think BBK banking for most of the big corporates (EABL, Nakumatt,KQ e.t.c) Equity has 6 million customers at the bottom of the pyramid and you know whats amazing about this group, they only bank their savings. Co-op holds money from all coop societies. Did you know stanchart holds the funds for the free primary education ? KCB and Co-op hold about 90% of all CDF accounts in Kenya.

Before you move your funds, I once had a customer who went to one of the small guys at the beginning of 2012 when interest rates hit the roof. They offered him 29% for 100mn. The t-bill rate was at 18%, and the interbank was at 16%. Wait until he wanted to withdraw the funds!! Thats a story for another day.

As a banker, I would say borrow from the Sacco anytime. Am thinking in terms of the financing costs of your project. As a borrower, it would depend. To get 1m from your sacco you must have deposit of around Kes.350,000 earning between 8-12 % p.a. From my interaction with Jua kali guys, they would laugh at you if you told them your 350k earned you Kes.36k or 3k per month. Majority of them would double that figure in less than one year. Thats why they dont mind borrowing at 25%. But if you are employed, stick to the sacco. It adds up to your pension to improve your networth.

Ooops. The link is >>> http://www.wazua.co.ke/forum.as...s&t=23710#post396358

@aemathenge, you sound so interested in this topic. Is it that you want to start a bank or you want to do it and cover up? This reminds me you were terminated some time back...hope these tendencies were nowhere near the reason.

No he is not a bully,you should apologize!
He works for an investment group that plans to be a bank soon!

Please give us your comment on the research findings and the summit in the link below, if you will.

http://www.dailynews.co....vulnerable-to-it-threats

[quote=aemathenge]Please give us your comment on the research findings and the summit in the link below, if you will.

http://www.dailynews.co....ulnerable-to-it-threats[/quote]

@aemathenge, the threats are real and there is a new trick coming up everytime. That explains the massive investment in IT by the banks. We are talking billions. But the real threat is the human factor rather than the technology itself.

Banker, jibu hii.

WANTED : NEW BANKER FOR WAZUA

@lady admin please inbox Mr/Ms Banker to do the needful

Why can guys behave like our @a4architect?