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VituVingiSana
#51 Posted : Friday, December 27, 2013 11:07:18 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
guru267 wrote:
Kausha wrote:
Bear in mind writing off will not be confined to profits but may most likely result in looted deposits, destroyed property, missing loanees and cost of evacuating staff. Certainly KCB will take a massive knock without a doubt.


We shall see.. Or did we forget about a little thing called INSURANCE???

The only thing to write off is the potential profits!

If they have insurance against civil war... And the payment will not be made in 2013.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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guru267
#52 Posted : Friday, December 27, 2013 11:39:11 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
VituVingiSana wrote:
guru267 wrote:
Kausha wrote:
Bear in mind writing off will not be confined to profits but may most likely result in looted deposits, destroyed property, missing loanees and cost of evacuating staff. Certainly KCB will take a massive knock without a doubt.


We shall see.. Or did we forget about a little thing called INSURANCE???

The only thing to write off is the potential profits!

If they have insurance against civil war... And the payment will not be made in 2013.


It would be pure madness not to insure against civil strife in South Sudan!
Mark 12:29
Deuteronomy 4:16
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Realtreaty
#53 Posted : Friday, December 27, 2013 12:42:21 PM
Rank: Elder

Joined: 8/16/2011
Posts: 2,386
Marvellous statement from KCB CEO Oigara beats all the odds attached to the bank concerning its investments in South Sudan. He came strongly as a CEO to say business as usual!!!!!! Congrats Oigara!
Quote:
"ITS THE KING WHO SERVES DECREES TO THE RULED, FOR BLESSING COMES FROM UP"
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VituVingiSana
#54 Posted : Friday, December 27, 2013 1:31:19 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Realtreaty wrote:
Marvellous statement from KCB CEO Oigara beats all the odds attached to the bank concerning its investments in South Sudan. He came strongly as a CEO to say business as usual!!!!!! Congrats Oigara!
Quote:
"ITS THE KING WHO SERVES DECREES TO THE RULED, FOR BLESSING COMES FROM UP"
Link?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Cde Monomotapa
#55 Posted : Friday, December 27, 2013 2:35:01 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
VituVingiSana wrote:
Realtreaty wrote:
Marvellous statement from KCB CEO Oigara beats all the odds attached to the bank concerning its investments in South Sudan. He came strongly as a CEO to say business as usual!!!!!! Congrats Oigara!
Quote:
"ITS THE KING WHO SERVES DECREES TO THE RULED, FOR BLESSING COMES FROM UP"
Link?

https://www.nse.co.ke/li...-sudan-banking-situation
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Ali Baba
#56 Posted : Friday, December 27, 2013 3:12:41 PM
Rank: Member

Joined: 8/29/2008
Posts: 573
A large kenyan bank has been razed down in Bor city....Daily Nation (women forced to carry loot ).....
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dunkang
#57 Posted : Friday, December 27, 2013 3:31:01 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
Ali Baba wrote:
A large kenyan bank has been razed down in Bor city....Daily Nation (women forced to carry loot ).....

A fetid smell rose from the several corpses left lying in the market, some in uniform, others in civilian clothes. Plumes of smoke were still rising from the charred ruins of the market. A large Kenyan-owned bank had also been razed.
Receive with simplicity everything that happens to you.” ― Rashi

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obiero
#58 Posted : Friday, December 27, 2013 6:24:43 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
I love the confidence of all who are praising the continued operations at S.Sudan. Lets only pray for the worker's safety

KQ ABP 4.26
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Kalameni
#59 Posted : Friday, December 27, 2013 6:44:25 PM
Rank: New-farer

Joined: 9/20/2010
Posts: 80
so sad kcb bor branch looted and burnt hope the other eleven branches will be okay.this will definetly have a big impact on the profit nd loss as well as balance sheet.
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obiero
#60 Posted : Friday, December 27, 2013 9:13:20 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
Kalameni wrote:
so sad kcb bor branch looted and burnt hope the other eleven branches will be okay.this will definetly have a big impact on the profit nd loss as well as balance sheet.


KQ ABP 4.26
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