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KCB running Chase Bank (in receivership)
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githundi
#11 Posted : Wednesday, April 20, 2016 11:24:08 AM
Rank: Veteran

Joined: 11/19/2010
Posts: 1,308
Location: nairobi metropolitan
From the statement. .Kcb are playing safe as they are going to wait until the dust settles
Democracy does not belong to the dead
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muganda
#12 Posted : Wednesday, April 20, 2016 11:24:17 AM
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Joined: 9/15/2006
Posts: 3,907
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Ericsson
#13 Posted : Wednesday, April 20, 2016 11:24:50 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
@MaichBlack;
Just like I had said in an earlier post and given my reasons QNB failed to get the nod to acquire Chase Bank even though they were number 1.
Kazi iendelee Hongera KCB
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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githundi
#14 Posted : Wednesday, April 20, 2016 11:26:13 AM
Rank: Veteran

Joined: 11/19/2010
Posts: 1,308
Location: nairobi metropolitan
It's a case of once beaten twice shy for it's clients. .They can try to change name if a takeover materialises
Democracy does not belong to the dead
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Emerger
#15 Posted : Wednesday, April 20, 2016 11:30:19 AM
Rank: New-farer

Joined: 12/1/2014
Posts: 45
Location: Nairobi
muganda wrote:


Interesting times.
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kiash
#16 Posted : Wednesday, April 20, 2016 11:30:22 AM
Rank: Veteran

Joined: 4/27/2010
Posts: 951
Location: Nyumbani
Is it true that 97% of the account holders had only 6% of the bank deposits? 3% held 94% so you can imagine who are the 3% this explains a lot.
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instinct
#17 Posted : Wednesday, April 20, 2016 11:31:13 AM
Rank: Member

Joined: 8/17/2007
Posts: 294
mlennyma wrote:
alma1 wrote:
As someone who needs to use Chase Bank services in the short term, that's very good.

But I'm shopping for another bank like chase. If you have fununu tumia mimi. Can't imagine KCB management running this bank in the long term. We'll go back to those long ques. Oh boy another big brother takes over.

Very good news. Open the branches so that we can access the facilities as we shop for other options.

opening is good news,but iam not happy about the management to come


KCB will most likely run it as a subsidiary for as long as it makes sense to...say 5 years
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Mike Ock
#18 Posted : Wednesday, April 20, 2016 11:37:16 AM
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Joined: 1/22/2015
Posts: 682
So did the directors return the 8 billion?
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ZZE123
#19 Posted : Wednesday, April 20, 2016 11:46:29 AM
Rank: Elder

Joined: 6/21/2008
Posts: 2,490
Ericsson wrote:
@MaichBlack;
Just like I had said in an earlier post and given my reasons QNB failed to get the nod to acquire Chase Bank even though they were number 1.
Kazi iendelee Hongera KCB

How will KCB recover the billions of insider loans which I believe is required to pay the depositors??
The man who marries a beautiful woman, and the farmer who grows corn by the roadside have the same problem
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muganda
#20 Posted : Wednesday, April 20, 2016 11:49:13 AM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
kiash wrote:
Is it true that 97% of the account holders had only 6% of the bank deposits? 3% held 94% so you can imagine who are the 3% this explains a lot.

It's in black and white. That's why they say money without intelligence will kill you - you need smarts if you have more than 1m, to protect you, because CBK/KDIC are not doing it.
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