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Co-operative Bank fate.. discuss
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mlennyma
#551 Posted : Friday, August 26, 2016 8:27:43 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
[quote=obiero]COOP has become the first and only listed lender to bite the bullet by adoption of the bill as signed.. This will be the moment to remember how COOP became the largest and most profitable Kenyan bank.. Interesting times
https://citizentv.co.ke/...rates-to-14-5pc-138641/

http://www.businessdaily...8884-t7dbtvz/index.html[/quote]
banks are in a competition, No solidarity forever here
"Don't let the fear of losing be greater than the excitement of winning."
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VituVingiSana
#552 Posted : Friday, August 26, 2016 9:59:26 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Laughing out loudly Laughing out loudly Laughing out loudly Coop has really taken a lead on the rest!

1) Does Coop do a lot of "unsecured" loans?
2) What about Savings Accounts? [70% of CBR]

The pressure on Equity and KCB will be huge considering they are Coop's peers.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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  | | Edit by user: Friday, August 26, 2016 10:01 PM | Reason: Not specified
Ericsson
#553 Posted : Saturday, August 27, 2016 6:44:39 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Hiyo ya Coop ni PR stun to rescue the falling share price which is going towards penny stock/single digit levels.
I'm waiting to hear next week how many people they will have given out loans at that rate.Ama inaweza kuwa ni 14.5% but flat rate wa
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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obiero
#554 Posted : Saturday, August 27, 2016 6:47:24 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
Ericsson wrote:
Hiyo ya Coop ni PR stun to rescue the falling share price which is going towards penny stock/single digit levels.
I'm waiting to hear next week how many people they will have given out loans at that rate.Ama inaweza kuwa ni 14.5% but flat rate wa

They will not reveal the number next week, but it shall show in Q1 2017.. The other tier 1 had better respond

KQ ABP 4.26
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Spikes
#555 Posted : Saturday, August 27, 2016 6:56:41 AM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
obiero wrote:
Ericsson wrote:
Hiyo ya Coop ni PR stun to rescue the falling share price which is going towards penny stock/single digit levels.
I'm waiting to hear next week how many people they will have given out loans at that rate.Ama inaweza kuwa ni 14.5% but flat rate wa

They will not reveal the number next week, but it shall show in Q1 2017.. The other tier 1 had better respond



PPT by wolves of COOP bank. They will wake up on Monday for a rude shock of a continuous free fall!
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Boris Boyka
#556 Posted : Saturday, August 27, 2016 7:58:40 AM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
obiero wrote:
Ericsson wrote:
Hiyo ya Coop ni PR stun to rescue the falling share price which is going towards penny stock/single digit levels.
I'm waiting to hear next week how many people they will have given out loans at that rate.Ama inaweza kuwa ni 14.5% but flat rate wa

They will not reveal the number next week, but it shall show in Q1 2017.. The other tier 1 had better respond

I doubt it's PR. An employee had told me they're planning to adopt it immediately so as to maximize on first hit. Actually coop was on the low season and had started calling clients to to up or get other products when this thing came in. So it'll be a good tool to lure customers. As someone said, banks can be contented with single digit Billion profits. The problem are shareholders like @Murchr and Maichblack.
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Wakanyugi
#557 Posted : Saturday, August 27, 2016 8:32:47 AM
Rank: Veteran

Joined: 7/3/2007
Posts: 1,635
Boris Boyka wrote:
obiero wrote:
Ericsson wrote:
Hiyo ya Coop ni PR stun to rescue the falling share price which is going towards penny stock/single digit levels.
I'm waiting to hear next week how many people they will have given out loans at that rate.Ama inaweza kuwa ni 14.5% but flat rate wa

They will not reveal the number next week, but it shall show in Q1 2017.. The other tier 1 had better respond

I doubt it's PR. An employee had told me they're planning to adopt it immediately so as to maximize on first hit. Actually coop was on the low season and had started calling clients to to up or get other products when this thing came in. So it'll be a good tool to lure customers. As someone said, banks can be contented with single digit Billion profits. The problem are shareholders like @Murchr and Maichblack.


This could also be a visionary strategic positioning by Coop Bank. They still serve as a primary banker to the Cooperative movement, the one sector that is likely to benefit massively if bankers follow through with their myopic threat to punish Wanjiku.
"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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Boris Boyka
#558 Posted : Saturday, August 27, 2016 8:42:05 AM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
Wakanyugi wrote:
Boris Boyka wrote:
obiero wrote:
Ericsson wrote:
Hiyo ya Coop ni PR stun to rescue the falling share price which is going towards penny stock/single digit levels.
I'm waiting to hear next week how many people they will have given out loans at that rate.Ama inaweza kuwa ni 14.5% but flat rate wa

They will not reveal the number next week, but it shall show in Q1 2017.. The other tier 1 had better respond

I doubt it's PR. An employee had told me they're planning to adopt it immediately so as to maximize on first hit. Actually coop was on the low season and had started calling clients to to up or get other products when this thing came in. So it'll be a good tool to lure customers. As someone said, banks can be contented with single digit Billion profits. The problem are shareholders like @Murchr and Maichblack.


This could also be a visionary strategic positioning by Coop Bank. They still serve as a primary banker to the Cooperative movement, the one sector that is likely to benefit massively if bankers follow through with their myopic threat to punish Wanjiku.

Yes, given Sacco's have flexible loan products of late through Bosa & Fosa.
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Realtreaty
#559 Posted : Saturday, August 27, 2016 6:49:35 PM
Rank: Elder

Joined: 8/16/2011
Posts: 2,386
Ericsson wrote:
Hiyo ya Coop ni PR stun to rescue the falling share price which is going towards penny stock/single digit levels.
I'm waiting to hear next week how many people they will have given out loans at that rate.Ama inaweza kuwa ni 14.5% but flat rate wa

Liar Liar
What did you expect them to do
I think we should be campaigning for Mr. Olaka to leave office as Bankers Association chair as he never led them to make changes long enough! Why do they need him then?Sad Sad
Balance and Moderation is what Njomo was looking for in Banks having failed several times from the Times Mr Donde engineered it.
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obiero
#560 Posted : Sunday, August 28, 2016 9:28:02 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
Realtreaty wrote:
Ericsson wrote:
Hiyo ya Coop ni PR stun to rescue the falling share price which is going towards penny stock/single digit levels.
I'm waiting to hear next week how many people they will have given out loans at that rate.Ama inaweza kuwa ni 14.5% but flat rate wa

Liar Liar
What did you expect them to do
I think we should be campaigning for Mr. Olaka to leave office as Bankers Association chair as he never led them to make changes long enough! Why do they need him then?Sad Sad
Balance and Moderation is what Njomo was looking for in Banks having failed several times from the Times Mr Donde engineered it.

Exactly.. Only 94,500 shares traded on Friday.. A slight rebound expected tomorrow

KQ ABP 4.26
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