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Family Bank Bond KShs. 10Billion
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smitha
#1 Posted : Friday, October 16, 2015 11:34:50 AM
Rank: New-farer

Joined: 6/10/2013
Posts: 52
Are Wazuans wary of this in the wake of the Imperial Bank scandal?
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maka
#2 Posted : Friday, October 16, 2015 11:38:52 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
smitha wrote:
Are Wazuans wary of this in the wake of the Imperial Bank scandal?


They are offering pathetic rates....Sad
possunt quia posse videntur
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Boris Boyka
#3 Posted : Friday, October 16, 2015 11:50:37 AM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
maka wrote:
smitha wrote:
Are Wazuans wary of this in the wake of the Imperial Bank scandal?


They are offering pathetic rates....Sad

Someone told me Family Bank are retrenching. 10B in wake of Imperial saga,under subscription.
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Impunity
#4 Posted : Friday, October 16, 2015 6:29:56 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
maka wrote:
smitha wrote:
Are Wazuans wary of this in the wake of the Imperial Bank scandal?


They are offering pathetic rates....Sad


What the rate?
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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dunkang
#5 Posted : Tuesday, October 20, 2015 6:47:32 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
Impunity wrote:
maka wrote:
smitha wrote:
Are Wazuans wary of this in the wake of the Imperial Bank scandal?


They are offering pathetic rates....Sad


What the rate?

13.75% P.A

With a promise to give back your money with a 1% interest at the end of tenor for every 2% gain in book value with a ceiling of 15%. An example, if the company/bank's book value grow by 50% between December 2014 and December 2020, they will give back your money plus an additional 15% of your money as asante(note that you also have the 13.5% every year regardless of whether they grow or not, unless they "Imperial Bank" you!)

With such promises, aiiiih!? Am on the sidelines from Kenyan Banks. Even saw PostBank Kenya giving 13% interest on savings account. Iko kitu mbaya inaendelea.
Receive with simplicity everything that happens to you.” ― Rashi

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  | | Edit by user: Tuesday, October 20, 2015 8:11 PM | Reason: Correct Information
streetwise
#6 Posted : Tuesday, October 20, 2015 6:55:44 PM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Family bank seems to be on the right path
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Boris Boyka
#7 Posted : Tuesday, October 20, 2015 7:12:31 PM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
dunkang wrote:
Impunity wrote:
maka wrote:
smitha wrote:
Are Wazuans wary of this in the wake of the Imperial Bank scandal?


They are offering pathetic rates....Sad


What the rate?

13.5% P.A

With a promise to give back your money with a 1% interest at the end of tenor for every 2% gain in book value. An example, if the company/bank's book value grow by 50% between October 2015 and October 2020, they will give back your money plus an additional 25% of your money as asante(note that you also have the 13.5% every year regardless of whether they grow or not, unless they "Imperial Bank" you!)

With such promises, aiiiih!? Am on the sidelines from Kenyan Banks. Even saw PostBank Kenya giving 13% interest on savings account. Iko kitu mbaya inaendelea.

Post bank=gvt. That's why their interest is tax free. Whenever you put money there you have given to gvt.
With loan rates ranging 20-27% they can easily pay you and have much balance.
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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whiteowl
#8 Posted : Wednesday, October 21, 2015 1:36:27 AM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
dunkang wrote:
Impunity wrote:
maka wrote:
smitha wrote:
Are Wazuans wary of this in the wake of the Imperial Bank scandal?


They are offering pathetic rates....Sad


What the rate?

13.75% P.A

With a promise to give back your money with a 1% interest at the end of tenor for every 2% gain in book value with a ceiling of 15%. An example, if the company/bank's book value grow by 50% between December 2014 and December 2020, they will give back your money plus an additional 15% of your money as asante(note that you also have the 13.5% every year regardless of whether they grow or not, unless they "Imperial Bank" you!)

With such promises, aiiiih!? Am on the sidelines from Kenyan Banks. Even saw PostBank Kenya giving 13% interest on savings account. Iko kitu mbaya inaendelea.


I'm better off taking my cash to CBK.13.5% every year vs 22% every 91 days.
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  | | Edit by user: Wednesday, October 21, 2015 1:41 AM | Reason: Not specified
enyands
#9 Posted : Wednesday, October 21, 2015 4:31:42 AM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
whiteowl wrote:
dunkang wrote:
Impunity wrote:
maka wrote:
smitha wrote:
Are Wazuans wary of this in the wake of the Imperial Bank scandal?


They are offering pathetic rates....Sad


What the rate?

13.75% P.A

With a promise to give back your money with a 1% interest at the end of tenor for every 2% gain in book value with a ceiling of 15%. An example, if the company/bank's book value grow by 50% between December 2014 and December 2020, they will give back your money plus an additional 15% of your money as asante(note that you also have the 13.5% every year regardless of whether they grow or not, unless they "Imperial Bank" you!)

With such promises, aiiiih!? Am on the sidelines from Kenyan Banks. Even saw PostBank Kenya giving 13% interest on savings account. Iko kitu mbaya inaendelea.


I'm better off taking my cash to CBK.13.5% every year vs 22% every 91 days.

Really? I thought 22% in 91 days is better than 13% in 365.5 days .ama I'm using a different math formula
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Boris Boyka
#10 Posted : Wednesday, October 21, 2015 5:11:00 AM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
@Enyands @whiteowl, that 22% is per annum (p.a) for 3 months its (3/12)* 22%. Even though its still higher than the other one
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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