Let me try to chew it for you. you = shareholder Assume you have a kiosk where you have employed someone to run it and then you take audits at the end of the week. You have allowed your employee to take and give credit as long as its to a certain limit and given time. If your employee takes more than half a bundle of unga, mind you everyone is still buying from you and you are getting more customers, would you immediately know, or this would become visible after you take an audit of books vs inventory? The directors and management worked together to hide loans given to them from the financials, hence the first set of results. The auditor looked and the books and they were not adding up hence the "qualified opinion" meaning that financial statements are, in a limited way, not in accordance with generally accepted accounting principles. The auditor has concerns about the company, the valuation of certain items on the balance sheet or some unreported pending liabilities. At no point did the auditor say the bank was collapsing, infact when the media asked the CBK gov they were told that there was nothing to worry, but no one could trust him, the damage was done and wanjiku ran to withdraw. No bank in Kenya can survive after experiencing an 8BN withdrawal in hours. Simply because, when you bank your money, its given to someone else as a loan (not liquid)

Just to correct this bullshit idea being sold here that "no bank can withstand a run", hio ni ujinga ya 19th century. A modern bank should be able to withstand run, and often carries out tests on it's own called "stress tests", these are simple tests that can be carried out by any serious banker and central bank (it is apparently what they are doing now). Those who were keen during the 2008 financial crisis will remember banks like JP Morgan emphasizing they are ready for a run. There are credit risk analysis, liquidity analysis etc to ensure in any case you can quickly convert some assets to cover "mass withdrawas", lakini kama umeweka pesa Panama ama in speculatory burotis and apartments in Nairobi shauri yako. THERE IS NO WAY ON EARTH social media can bring down a bank! CBK governor ongeza stress!!!!

Sio uwongo bwana, these things are real, if you have never heard of stress tests you see where the problem is. All sensible banks carry stress tests for all this kind of risks!!! Otherwise google!

The financial gurus we have in Wazua, please help, going by how much cash chase bank held, somebody who had deposited 3m, how much is he likely to get back?

Ziko zimefanya hii Kenya for sure!!! And they can't collapse! Hata social media iseme aje!