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KCB running Chase Bank (in receivership)
Rank: Elder Joined: 6/23/2009 Posts: 14,220 Location: nairobi
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mlennyma wrote:You need to be very bold to deposit any money here,the first month will be hell withdrawal CBK is virtually a bottomless pit. The run will be met
KQ ABP 4.26
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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Wakanyugi wrote: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. What you have explained above is the accounting practise, In your post, you stated there is another reason beyond the accounting practice-That's what I was waiting to hear/read If Obiero did it, Who Am I?
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Obi 1 Kanobi wrote:instinct wrote:murchr wrote:obiero wrote:To the new farers. kcb purchase is mental. Now, wanjiku wld bet KCB to be safest as per CBK nod of approval Thought so too, don't see a commitment. Its all good anyway. they've been given a chance to go peep before committing They will take their time to pick the carcas of what remains of Chase Bank, woo all the good and juicy customers as they learn what attracted them to Chase. When done, they will simply let go off the remainder of the shell and declare it unsalvageable. Take on the good employees and prime locations and rebrand them as KCB. Smart move by KCB and CBK. No one looses out other than the dodgy Chase shareholders I also think this is what will happen. Rebranding is a must to cleanse the lost image of chase. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI
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KCB now says within the next 3 months or 90 days after the re-opening of Chase Bank they will do due diligence to know what good assets exists and the value to be placed before making a final conclusion on acquiring majority stake in the lender Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 7/3/2007 Posts: 1,635
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Swenani wrote:Wakanyugi wrote: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. What you have explained above is the accounting practise, In your post, you stated there is another reason beyond the accounting practice-That's what I was waiting to hear/read Asi! Swenani, na wewe ni aye. It was a finger of speech "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: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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Kumbe the acquisition was made in self interestQuote:KCB Group risked losing Sh1 billion it lent a customer in the form of trade credit guaranteed by Chase Bank, an investment bank said in a report that offers new insights into why Kenya’s biggest bank entered the takeover race for the troubled lender. If Obiero did it, Who Am I?
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Ericsson wrote:KCB now says within the next 3 months or 90 days after the re-opening of Chase Bank they will do due diligence to know what good assets exists and the value to be placed before making a final conclusion on acquiring majority stake in the lender Chase is about to be turned into a garage. If KCB acquires it, layoffs will follow, in both KCB and Chase. Then some assets will be disposed. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Member Joined: 2/4/2016 Posts: 175 Location: Global
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I hear Sidian has bagged most of the "hot mamas" akina maka have been salivating for.
Hope they do the Chase Magic at Sidian.
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Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI
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You can beat DJ when it comes to beauty and hot mamas Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/19/2015 Posts: 2,871 Location: hapo
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murchr wrote:Ericsson wrote:KCB now says within the next 3 months or 90 days after the re-opening of Chase Bank they will do due diligence to know what good assets exists and the value to be placed before making a final conclusion on acquiring majority stake in the lender Chase is about to be turned into a garage. If KCB acquires it, layoffs will follow, in both KCB and Chase. Then some assets will be disposed. That is such sad news. Can you imagine the long faces of KCB employees in a Chase bank? Thieves are not good people. Tumeelewana?
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KCB running Chase Bank (in receivership)
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