Wazua
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Law Capping interest rates
Rank: New-farer Joined: 3/12/2014 Posts: 96
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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There is no need for notice when one bank is already advertising that they can buy other banks loans. Fall in line is the word
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Rank: Elder Joined: 6/23/2009 Posts: 14,476 Location: nairobi
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Dkt Mwangi shall be jailed http://www.businessdaily...item-1-o2ftg7/index.html COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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Rank: Member Joined: 8/17/2007 Posts: 294
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obiero wrote:karete wrote:[quote=obiero][quote=HaMaina]Is it true that CBK has issued notice giving banks & mortgage companies until September 14th to fully implement the Banking Act 2016. http://www.businessdaily...65534-lkln7n/index.html[/quote] Did they have to wait for this? Dkt Mwangi shall be jailed http://www.businessdaily...tem-1-o2ftg7/index.html[/quote] bado hajaamini
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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CBK giving zero direction in this matter. How can a 1 year loan and a 7 year loan both cost 14.5%? Also, what is the formula to calculate CBR or is it an arbitrary rate? Business opportunities are like buses,there's always another one coming
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Rank: Elder Joined: 6/23/2009 Posts: 14,476 Location: nairobi
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KulaRaha wrote:CBK giving zero direction in this matter.
How can a 1 year loan and a 7 year loan both cost 14.5%?
Also, what is the formula to calculate CBR or is it an arbitrary rate? The 14.5 percent is per annum.. Nothing confused about CBK on the matter 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: 6/23/2009 Posts: 14,476 Location: nairobi
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KulaRaha wrote:CBK giving zero direction in this matter.
How can a 1 year loan and a 7 year loan both cost 14.5%?
Also, what is the formula to calculate CBR or is it an arbitrary rate? The 14.5 percent is per annum.. Nothing confused about CBK on the matter 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: 6/23/2009 Posts: 14,476 Location: nairobi
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KulaRaha wrote:CBK giving zero direction in this matter.
How can a 1 year loan and a 7 year loan both cost 14.5%?
Also, what is the formula to calculate CBR or is it an arbitrary rate? The 14.5 percent is per annum.. Nothing confused about CBK on the matter 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: 7/26/2007 Posts: 6,514
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obiero wrote:KulaRaha wrote:CBK giving zero direction in this matter.
How can a 1 year loan and a 7 year loan both cost 14.5%?
Also, what is the formula to calculate CBR or is it an arbitrary rate? The 14.5 percent is per annum.. Nothing confused about CBK on the matter So yield curve is flat regardless of tenor? Business opportunities are like buses,there's always another one coming
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Rank: Elder Joined: 6/23/2009 Posts: 14,476 Location: nairobi
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KulaRaha wrote:obiero wrote:KulaRaha wrote:CBK giving zero direction in this matter.
How can a 1 year loan and a 7 year loan both cost 14.5%?
Also, what is the formula to calculate CBR or is it an arbitrary rate? The 14.5 percent is per annum.. Nothing confused about CBK on the matter So yield curve is flat regardless of tenor? Yes. It is, though on reducing balance. Ideally longer tenors should have higher rates but this shall be where banks will punish consumers by maxing all product lines at the very top. Plus the CBR is subject to fluctuations. So in year 1 one may pay 14.5 but in year 2 the same could change to 23 percent. It's now in the hands of government COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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Law Capping interest rates
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