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Now Imperial Bank under receivership for 12 months
Rank: Elder Joined: 8/1/2008 Posts: 1,432 Location: Marsabit
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lisaox wrote:For a bank that recently posted KES 2 billion profits after tax in the quarter ending March 2015 (https://www.imperialbankgroup.com/ke/wp-content/uploads/2014/05/Q1-2015-financials.pdf) this is incredible. CBK should take responsibility for this now, they are clearly not performing their supervisory role as effectively as they should. Found this strange too. Profits.. then problems? Mhn.. Nevermind what haters say, ignore them til they fade away - Just live your life
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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Did the son take over or what ?
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Rank: Elder Joined: 9/15/2006 Posts: 3,907
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streetwise wrote:Tafathali Wazuans we need to dig this and leave no stone unturned.
The purpose is this would be a lesson to Wanjiku not to invest in such banks or management.
We are waittiiiiiing
Could this news show the FOOLS in us all? I have scanned through financial statements of this mid-tier bank https://www.imperialbankgroup.co...us/financial-statements/, and how in the hell do we foresee this coming to this mid-tier bank, linked to Alnasir-Popat family, auditors PKF, capital above CBK ratios? Okay many business empires link a bank to their holdings money remains in the conglomerate and for financing, and do incorporate younger family members, are in real estate, but is that enough? (Kenblest, Imperial Court/Eaton Place, PathCare, Coolxtreme) Investment needs more than intellect.
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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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 Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: New-farer Joined: 5/21/2013 Posts: 72 Location: KENYA
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muganda wrote:This new CBK, quite decisive. All things aside, better to salvage when there's life left, than working with a carcass.
Wow, new brooms sweeping very clean. So what now for the bond-holders? “The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes
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Rank: Elder Joined: 9/15/2006 Posts: 3,907
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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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Rank: User Joined: 1/20/2014 Posts: 3,528
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majimaji wrote:
The GM Janmohammed died a few months back, no?
So he was the one hiding stuff under the carpet  Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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A Shah was appointed CEO some 3 weeks ago. Sehemu ndio nyumba
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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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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Rank: Hello Joined: 10/13/2015 Posts: 4 Location: Nairobi
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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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Rank: Member Joined: 1/6/2009 Posts: 98
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Hearing G*** too is in sh#t as well!
Don't quote me
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Rank: Hello Joined: 10/13/2015 Posts: 1 Location: nairobi
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with imperial bank,what happens to the bond holders?
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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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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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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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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Rank: Veteran Joined: 4/4/2007 Posts: 1,162
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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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Now Imperial Bank under receivership for 12 months
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