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Now Imperial Bank under receivership for 12 months
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muganda
#21 Posted : Tuesday, October 13, 2015 12:08:33 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
Boris Boyka wrote:
obiero wrote:
a polite reminder on companies/stocks not to touch in the short term: transcentury, sameer, britam, eveready, express, kq, marshalls, olympia, carbacid, eabl, eapc, msc, home afrika, tpsea, kurwitu, uchumi

Finally KQ is on list

Curiously, Mr. Chris Diaz sits on the board of Imperial Bank.
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Othelo
#22 Posted : Tuesday, October 13, 2015 12:09:46 PM
Rank: User

Joined: 1/20/2014
Posts: 3,528
majimaji wrote:

The GM Janmohammed died a few months back, no?

So he was the one hiding stuff under the carpet d'oh!
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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  | | Edit by user: Tuesday, October 13, 2015 12:37 PM | Reason: Not specified
Mainat
#23 Posted : Tuesday, October 13, 2015 12:17:05 PM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
A Shah was appointed CEO some 3 weeks ago.

Sehemu ndio nyumba
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Mainat
#24 Posted : Tuesday, October 13, 2015 12:18:46 PM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Notice we seem to be confusing liquidity with P&L(capital). A bank can survive capital shortage if it has strong liquidity, but will never survive liquidity shortage no matter how profitable or well capitalised.
Sehemu ndio nyumba
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mugwanja
#25 Posted : Tuesday, October 13, 2015 12:34:16 PM
Rank: Hello

Joined: 10/13/2015
Posts: 4
Location: Nairobi
It's not liquidity guys, Imperial bank's profile in the money markets has been very solid. Especially of late helped by cash from their bond issue. It's also not profits/ bad books, I work in the banking industry, everyone is shocked! We need to know what Gov.Patrick knows, there must be something cooking, maybe something illegal, money laundering... I can't think of anything else.
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Msa Liti
#26 Posted : Tuesday, October 13, 2015 12:53:13 PM
Rank: Member

Joined: 1/6/2009
Posts: 98
Hearing G*** too is in sh#t as well!


Don't quote me
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rosa
#27 Posted : Tuesday, October 13, 2015 12:55:34 PM
Rank: Hello

Joined: 10/13/2015
Posts: 1
Location: nairobi
with imperial bank,what happens to the bond holders?
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Mainat
#28 Posted : Tuesday, October 13, 2015 1:14:19 PM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Please note that Imperial has not been declared bankrupt, its just been placed under CBK management.
If it goes into bankruptcy, the bondholders will be 2nd lowest rank i.e. just before shareholders
rosa wrote:
with imperial bank,what happens to the bond holders?

Sehemu ndio nyumba
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Chaka
#29 Posted : Tuesday, October 13, 2015 1:24:15 PM
Rank: Elder

Joined: 2/16/2007
Posts: 2,114
Mainat wrote:
Please note that Imperial has not been declared bankrupt, its just been placed under CBK management.
If it goes into bankruptcy, the bondholders will be 2nd lowest rank i.e. just before shareholders
rosa wrote:
with imperial bank,what happens to the bond holders?



Who will be first?
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majimaji
#30 Posted : Tuesday, October 13, 2015 1:30:10 PM
Rank: Veteran

Joined: 4/4/2007
Posts: 1,162

Reminds me of the late 90's during Moi's days when political banks went down like a pack of cards.
Question is, is this the money that has been funding massive real estate developments in Nairobi?
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