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KCB buy buy buy
mchambuzi
#71 Posted : Monday, December 30, 2013 12:26:23 PM
Rank: New-farer

Joined: 11/17/2013
Posts: 80
Location: Juja
Quote:
In case you missed the press release from KCB(Largest East African bank) on the S.Sudan situation.

*Banking situation in KCB South Sudan*

In view of the unfolding events in the Republic of South Sudan for the past one week, KCB Bank South Sudan continues to offer banking services to its customers in the country. Nevertheless, to optimize resources and enhance efficiency, the Bank is consolidating its operations to adequately serve its customers during this period.
KCB banking services in South Sudan will continue to be offered in most upcountry branches where calm continues to prevail, while in Juba services will be offered at Juba, Buluk, Rock City and Bilpam branches.
In addition, the KCB Group CEO said that during this festive season KCB customers who require access to their funds within the region can do so in any of the KCB subsidiaries in Kenya, Uganda, Tanzania, Rwanda, Burundi and South Sudan.
“It is also encouraging to note that the situation is now relatively calm and we hope that this will be contained in the coming days following talks initiated by the ministerial of inter-government Authority on Development (IGAD), the United Nations and World leaders to discuss a political solution to the problem”, added the group CEO.
“We commend our KCB South Sudan teams who have continued to provide financial services to our customers during this challenging period. We recognize that it is not easy to smoothly operate under the prevailing circumstances, but the courage, determination and passion to serve our customers is highly commendable”, said Oigara.
The Group CEO also assured all its customers operating in South Sudan and those travelling that their money is safe and the Bank is doing everything possible to ensure that they transact with the bank without any difficulty.
KCB was the first Regional Bank to set-up in South Sudan in the year 2005. Today KCB is the only Bank in South Sudan that operates in all the 10 states and remains with its long-term commitments to support growth and development in the country.
Quote:
On a long enough timeline, the life expectancy of everyone drops to zero.
mchambuzi
#72 Posted : Monday, December 30, 2013 1:15:46 PM
Rank: New-farer

Joined: 11/17/2013
Posts: 80
Location: Juja
shows the implications are likely to be very marginal, dont entirely work on the assumption of writing off expected profits from S.Sudan
On a long enough timeline, the life expectancy of everyone drops to zero.
VituVingiSana
#73 Posted : Monday, December 30, 2013 1:48:46 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
It's all good in South Sudan.

http://www.goss-online.o...files/file0/kcb-bor.jpeg
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
guru267
#74 Posted : Monday, December 30, 2013 2:08:42 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
mchambuzi wrote:
shows the implications are likely to be very marginal, dont entirely work on the assumption of writing off expected profits from S.Sudan


Writing off was only worst case scenario... I usually prefer to be prudent
Mark 12:29
Deuteronomy 4:16
obiero
#75 Posted : Monday, December 30, 2013 6:26:42 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
[quote=VituVingiSana]It's all good in South Sudan.

http://www.goss-online.o...iles/file0/kcb-bor.jpeg[/quote]
^ hehe. sarcasm at its best

KQ ABP 4.26
mchambuzi
#76 Posted : Monday, December 30, 2013 6:37:22 PM
Rank: New-farer

Joined: 11/17/2013
Posts: 80
Location: Juja
obiero wrote:
[quote=VituVingiSana]It's all good in South Sudan.

http://www.goss-online.o...iles/file0/kcb-bor.jpeg[/quote]
^ hehe. sarcasm at its best

Its only KCB Bor and KCB Malakal Branches that are closed, the other 19 are open. Besides, I think theoretically, its likely to drive savings and then the bank can mint money from the deposit vis a vis loan spreads. They insure physical property.
On a long enough timeline, the life expectancy of everyone drops to zero.
VituVingiSana
#77 Posted : Tuesday, December 31, 2013 9:19:56 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
mchambuzi wrote:
obiero wrote:
[quote=VituVingiSana]It's all good in South Sudan.

http://www.goss-online.o...iles/file0/kcb-bor.jpeg[/quote]
^ hehe. sarcasm at its best

Its only KCB Bor and KCB Malakal Branches that are closed, the other 19 are open. Besides, I think theoretically, its likely to drive savings and then the bank can mint money from the deposit vis a vis loan spreads. They insure physical property.
Very few insurers will insure property in a war-zone [or the premiums are very heavy]
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
guru267
#78 Posted : Tuesday, December 31, 2013 10:55:47 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
VituVingiSana wrote:
mchambuzi wrote:
obiero wrote:
[quote=VituVingiSana]It's all good in South Sudan.

http://www.goss-online.o...iles/file0/kcb-bor.jpeg[/quote]
^ hehe. sarcasm at its best

Its only KCB Bor and KCB Malakal Branches that are closed, the other 19 are open. Besides, I think theoretically, its likely to drive savings and then the bank can mint money from the deposit vis a vis loan spreads. They insure physical property.
Very few insurers will insure property in a war-zone [or the premiums are very heavy]


ANYTHING can be insured against... As I said before only an idiot wouldn't insure against civil strife in a place like SS!
Mark 12:29
Deuteronomy 4:16
MaichBlack
#79 Posted : Tuesday, December 31, 2013 11:20:22 AM
Rank: Elder

Joined: 7/22/2009
Posts: 7,836
guru267 wrote:


11 Banks in the region only making 5.1Billion compared to more than 100Billion made locally! Sad

yaani we can still write off EVERYTHING from all the regional subsidiaries and still be ok... smile

Very simplistic reasoning!!! You are assuming ZERO profit is the worst case scenario. Ever heard of negative???

I'm not saying KCB will be badly affected or otherwise. I'm just challenging your reasoning which I find very simplistic. In all the posts in this thread, you've been assuming the worst that can happen to KCB [Or any other company for that matter] in Southern sudan is to make ZERO profit.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
VituVingiSana
#80 Posted : Tuesday, December 31, 2013 1:18:47 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
guru267 wrote:
VituVingiSana wrote:
mchambuzi wrote:
obiero wrote:
[quote=VituVingiSana]It's all good in South Sudan.

http://www.goss-online.o...iles/file0/kcb-bor.jpeg[/quote]
^ hehe. sarcasm at its best

Its only KCB Bor and KCB Malakal Branches that are closed, the other 19 are open. Besides, I think theoretically, its likely to drive savings and then the bank can mint money from the deposit vis a vis loan spreads. They insure physical property.
Very few insurers will insure property in a war-zone [or the premiums are very heavy]


ANYTHING can be insured against... As I said before only an idiot wouldn't insure against civil strife in a place like SS!
It is not whether it can be insured. It's a question of cost. So what it insured against civil strife [in essence a civil war]?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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