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KCB running Chase Bank (in receivership)
Rank: Elder Joined: 7/26/2007 Posts: 6,514
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Do you think it is in order that Chase staff are busy singing and dancing and circulating videos while billions of depositors' funds are stuck in an organisation where dirty deals were going down? Business opportunities are like buses,there's always another one coming
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Rank: Elder Joined: 12/4/2009 Posts: 10,836 Location: NAIROBI
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KCB may raise up the target amount for the rights issue to cater for Chase Bank acquisition. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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Wakanyugi wrote:muganda wrote:The big questions:1. Which depositors don't interpret this as a call to MOVE funds? Including via online and mobile banking come Wednesday? 2. Do the hefty depositors locked in, 64bn in 5,000 accounts, who obviously have relations with more than one bank, agree to move to KCB? There is a good reason why banks record depositors on the debit column (beyond accounting practice). The real value to KCB is in the loan portfolio and especially the SME customers that Chase has attracted over the years. These ones are much harder to move. For the long term, some value could come from the brand but I don't think KCB will want a competing brand in its stable. Remember the challenges they have had over the years in integrating Savings and Loan, which is their baby. What is the reason? In most cases, you will find that total net book value is usually less than total custom deposits, the bank cannot only be interested in loan book at the expenses of deposits since the later determines the former If Obiero did it, Who Am I?
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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KulaRaha wrote:Do you think it is in order that Chase staff are busy singing and dancing and circulating videos while billions of depositors' funds are stuck in an organisation where dirty deals were going down?
Yes, their livelihoods has been restored depositors like @Alma who've less than 1m will be dancing and buying alcohol rounds in bars on 27th;do not miss out on this opportunity for free drinks! If Obiero did it, Who Am I?
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Rank: Elder Joined: 6/23/2009 Posts: 14,477 Location: nairobi
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Ericsson wrote:KCB may raise up the target amount for the rights issue to cater for Chase Bank acquisition. Do you know how much in retained earnings are held by KCB COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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obiero wrote:Ericsson wrote:KCB may raise up the target amount for the rights issue to cater for Chase Bank acquisition. Do you know how much in retained earnings are held by KCB iam not friendly to any company planning for a rights in a bear "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 12/4/2009 Posts: 10,836 Location: NAIROBI
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Retained earnings its tricky to touch them because it will affect the statutory capital. Retained earnings is a component of core capital. @mlennyama Bear run inategemea na mtu.Some guys are dancing over the appreciation of Safaricom. Utaona rights ikiwa oversubscribed ushangae pesa imetoka wapi Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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Ericsson wrote:Retained earnings its tricky to touch them because it will affect the statutory capital.
Retained earnings is a component of core capital.
@mlennyama
Bear run inategemea na mtu.Some guys are dancing over the appreciation of Safaricom.
Utaona rights ikiwa oversubscribed ushangae pesa imetoka wapi somehow true,it depends on the stamina of the bull on sale "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 7/3/2007 Posts: 1,635
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Swenani wrote:Wakanyugi wrote:muganda wrote:The big questions:1. Which depositors don't interpret this as a call to MOVE funds? Including via online and mobile banking come Wednesday? 2. Do the hefty depositors locked in, 64bn in 5,000 accounts, who obviously have relations with more than one bank, agree to move to KCB? There is a good reason why banks record depositors on the debit column (beyond accounting practice). The real value to KCB is in the loan portfolio and especially the SME customers that Chase has attracted over the years. These ones are much harder to move. For the long term, some value could come from the brand but I don't think KCB will want a competing brand in its stable. Remember the challenges they have had over the years in integrating Savings and Loan, which is their baby. What is the reason? In most cases, you will find that total net book value is usually less than total custom deposits, the bank cannot only be interested in loan book at the expenses of deposits since the later determines the former When you deposit money in an account the Bank considers it a loan that you can often call back any time. So it goes to the liability column. But when you borrow money from a bank, the logic is reversed. To the Banker, you are now the gift that keeps on giving. Of course I am not a banker...but akina Kula Raha wanaweza kuchangia huu mjadala. "The opposite of a correct statement is a false statement. But the opposite of a profound truth may well be another profound truth." (Niels Bohr)
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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You need to be very bold to deposit any money here,the first month will be hell withdrawal "Don't let the fear of losing be greater than the excitement of winning."
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KCB running Chase Bank (in receivership)
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