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Now Imperial Bank under receivership for 12 months
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streetwise
#151 Posted : Thursday, October 15, 2015 12:09:31 PM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Is this receivership thing contestable in court or its a done deal?


Good question ???

And were will you get the money once you open the bank though a court order.

Some thing are not for courts ( try Mganga)
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agile
#152 Posted : Thursday, October 15, 2015 12:57:23 PM
Rank: New-farer

Joined: 1/9/2015
Posts: 19
Location: NAIROBI
streetwise wrote:
Sita sema what I think...I may be quoted. Ama walisupport ISIS kind of group

ushasema, & they are coming for ua A**
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muandiwambeu
#153 Posted : Thursday, October 15, 2015 2:22:15 PM
Rank: Veteran

Joined: 8/28/2015
Posts: 1,247
Kenyans are quite inovative. If petrol fails to behave (stoke the fire ), then break a branch n kul it up with 30m, if that is not enough then clober a whole bank and c how to kul it up with b's n that even makes the deal sweeter. For petrol to behave lately, kk had bleed causing severe fuel crissis n mgt change at kk. This winter is set to sting financial sector hard. The bear is on the prawl.
,Behold, a sower went forth to sow;....
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murchr
#154 Posted : Thursday, October 15, 2015 2:27:01 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Mainat wrote:
Just read the Daily Nation article.
Pole Imperial customers


For those who don't have access, what does it say?
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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Impunity
#155 Posted : Thursday, October 15, 2015 4:13:18 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
murchr wrote:
Mainat wrote:
Just read the Daily Nation article.
Pole Imperial customers


For those who don't have access, what does it say?


58 billion shillings of customers deposits are locked in their, may be in soft copy only.

Gaaament mulling to either sell off part of the bank or liquidate it competently!
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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muganda
#156 Posted : Wednesday, October 21, 2015 3:22:16 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
The saga continues; D-day one week from now. CBK fires a warning shot over irresponsible posts/comments/rumours:
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  | | Edit by user: Wednesday, October 21, 2015 3:24 PM | Reason: Not specified
Mike Ock
#157 Posted : Wednesday, October 21, 2015 5:11:57 PM
Rank: Member

Joined: 1/22/2015
Posts: 682
whiteowl wrote:
Chaka wrote:
Is this receivership thing contestable in court or its a done deal?


Everything in Kenya is and that's why some lawyers are on their way to the Forbes list.

Applause Applause Applause
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murchr
#158 Posted : Thursday, October 22, 2015 6:05:53 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Imperial Bank might have cooked its books or suffered massive withdrawals of up to Sh10 billion before malpractice was disclosed by its Board last Monday, it emerged yesterday.

Central Bank Governor Patrick Njoroge said Imperial’s deposits at the end of September were about Sh48 billion, down from Sh58 billion in June, while assets stood at Sh62 billion, from Sh70.03 billion.

Initial findings on the bank's statement of financial affairs will be known next week, Njoroge said.

- See more at: http://www.the-star.co.k...nor#sthash.FQoAeJQo.dpuf
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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dunkang
#159 Posted : Thursday, October 22, 2015 6:53:24 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
THIS IS A DONE DEAL! NO WAY OUT!

Uganda puts Imperial Bank’s stake in Kampala unit on sale

http://www.businessdaily...12/-/384d8c/-/index.html
Receive with simplicity everything that happens to you.” ― Rashi

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streetwise
#160 Posted : Thursday, October 22, 2015 7:41:15 PM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
I like how dictatorship works
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