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NBK announces 1.2 billion shilling loss
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MaichBlack
#41 Posted : Thursday, March 31, 2016 9:12:51 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,841
Your friend @MaichBlack is here in utter shock!!!

I am not a shareholder luckily but I have an account there and I am wondering if I should transfer all my cash to another bank tomorrow ama nitulize. NSSF na Government of course wamepeleka pesa yangu huko na ikatafunwa kama njugu karanga!!

As someone said, if this was in the West - especially the US - the luckiest of the bunch would have got 60 years and all his assets traced and auctioned to cover some of the losses!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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MaichBlack
#42 Posted : Thursday, March 31, 2016 9:15:56 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,841
By the way I hope they are giving the CBK Governor top notch security!!!

I understand a good number of fellows in the banking industry are not very happy with him because he has negatively affected their thieving ways!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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obiero
#43 Posted : Thursday, March 31, 2016 9:46:33 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,226
Location: nairobi
MaichBlack wrote:
By the way I hope they are giving the CBK Governor top notch security!!!

I understand a good number of fellows in the banking industry are not very happy with him because he has negatively affected their thieving ways!!!

That is true
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maka
#44 Posted : Thursday, March 31, 2016 10:13:02 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Analysts at Citi Group have been warning since 2012 that Kenyan banks are inflating their profits by deliberately underprovisioning for bad loans, says the report dubbed, ‘Don’t get Caught When the Music Stops’

http://www.businessdaily...1/-/bvfnu1z/-/index.html
possunt quia posse videntur
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enyands
#45 Posted : Thursday, March 31, 2016 10:19:41 PM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
obiero wrote:
MaichBlack wrote:
By the way I hope they are giving the CBK Governor top notch security!!!

I understand a good number of fellows in the banking industry are not very happy with him because he has negatively affected their thieving ways!!!

That is true


I'm always afraid of that and iv mentioned before though 8c criticized me for that smile The other day I saw him running in the bushes in the name of cbk team building . This is kenya man where cartels and mafias rule.please give him extra security .please
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Mike Ock
#46 Posted : Thursday, March 31, 2016 11:32:10 PM
Rank: Member

Joined: 1/22/2015
Posts: 682
My question is, why won't Uhuru clamp down on some people, even as sacrificial lambs? Surely, what does he have to lose if he takes Munir to jail? Or those Youth Fund guys who confessed everything live live on camera?
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Cde Monomotapa
#47 Posted : Thursday, March 31, 2016 11:36:00 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Another Wazua 1st. Impairments are better accounted at FY.

Bold provisions however. Wonder if we'd say the same for I&M (all in the family perphaps?)

NBK. Life can be unfair, let the bad news sell Laughing out loudly

The consolidation plays. Nice.


I&M Bank to take over Giro Bank for $54m
http://www.theeastafrica...6/-/100k5du/-/index.html
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jerry
#48 Posted : Thursday, March 31, 2016 11:41:13 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
[quote=maka]Analysts at Citi Group have been warning since 2012 that Kenyan banks are inflating their profits by deliberately underprovisioning for bad loans, says the report dubbed, ‘Don’t get Caught When the Music Stops’

http://www.businessdaily.../-/bvfnu1z/-/index.html[/quote]
I need a simple answer to a simple question. It might appear stupid but why should we expect bad loans if before the loan is granted, due diligence(appraisal) is done, and the loan is secured in addition to it (loan) being insured???
The opposite of courage is not cowardice, it's conformity.
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enyands
#49 Posted : Thursday, March 31, 2016 11:43:53 PM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
Mike Ock wrote:
My question is, why won't Uhuru clamp down on some people, even as sacrificial lambs? Surely, what does he have to lose if he takes Munir to jail? Or those Youth Fund guys who confessed everything live live on camera?


You can clamp them down unless you have a special interest in them . Why lie some of these guys wa NYS would be in jail if it was Tanzania leave alone west .but kenya is a circus
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VituVingiSana
#50 Posted : Friday, April 01, 2016 12:08:52 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
Mike Ock wrote:
My question is, why won't Uhuru clamp down on some people, even as sacrificial lambs? Surely, what does he have to lose if he takes Munir to jail? Or those Youth Fund guys who confessed everything live live on camera?

Votes. The chairman, ex-MD, the lawyer...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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