I don't think the suspension is anything negative to straight forward banks and prospective banks. The Central Bank wants to improve on its oversight role. You can expect the rules to be more strict and enforcement more thorough. One of the things that will definitely change are the requirements to become a bank and hence the suspension so that all new banks come in using the new rules.

The "indefinitely" should not scare you. It simply means they don't know how long it will take to come up with the new rules. And the Opus Dei man doesn't look like a person wa kuregarega. The suspension will be lifted soon. Probably in two or three months - I guess.

ARE YOU serious it is Good news ? Please read

http://www.businessdaily...4/-/w5towrz/-/index.html

@streetwise ,I took time to analyze what you feel about unaitas. I think I can draw a graph on your financial judgements about this sacco. 
    
"My offer of 6 Bob for full amount stands with a deadline of Monday the 28th Sept 2015 at 11:00 am."

"Let us do this more intelligently who knows the NAV of Unaitas
( Assume issued shares equivalent to 1.9"


"I seem to be confused so let me ask. What was the purpose of the SPECIAL AGM ?"


 "We sema bwana . Wazuans are insiders, there is no risk"


"I think we all thougt this thing was going to make money earlier. Plus there is money crunch"



"Unaitas should keep of the radar , they are good as a sacco.This banking business is hot potato"


"They know nothing, that is where the problem is ! they have waited for news for too long now they want their money for some more active speculation"



"Wazeee so you knew this that is why you were selling

http://www.nation.co.ke/...4hic/-/index.html 
You should have told us bwana !!!!!"




"ARE YOU serious it is Good news ? Please read

http://www.businessdaily...4/-/w5towrz/-/index.html"

   

"Let me give my suggestion to Unaitas. You may benefit the members more by going real estate.

By this I mean just buy and sell shambas as a side business, this banking business is too complex for you at this stage."



from the above I can relate it to a boy who just proposed to a girl and she refused him for unknown reasons.so he is juggling with guesses why she refused him. So the phase is proposal, then rejection, then denial, followed by guilt and lastly acceptance . .at first you were willing to invest then you turn out to be this aggressive opposition to it. Well....I could be wrong though .

Unaitas Net assets value as at 2014 stands at about 1.8B..(Unaitas financials) with this, they can't match even the least capitalized bank UBA bank's 4.7B net assets (CBK bank's report). In the CBK report, I have ignored Dubai Bank because of it's current status.

Hope this has some value or significance. I can’t see it right now

Same reason banks also say they have "given" you a loan which of course you have to pay back with interest.

Insiders any new developments in terms of conversion to a bank or other strategic move like buying a bank or merging with one ?

Tugonjee!! What about Embu branch, when is it coming up?

Thought this being sacco they should not issues with their ratios more so with so much share holder capital injection

What will the shareholder get if they convert to the bank. Is it not better to continue eating the 10% dividends ?.