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Kenya Airways...why ignore..
Rank: Elder Joined: 6/23/2009 Posts: 14,324 Location: nairobi
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actuarywahisa wrote:@Obiero... Paka inaendelea kuanguka! Sub 4 by around elections. Temporary insanity COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 6/23/2009 Posts: 14,324 Location: nairobi
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Rank: Chief Joined: 1/3/2007 Posts: 18,382 Location: Nairobi
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obiero wrote:VituVingiSana wrote:Sigh, I see all my (investee) banks are on here!
Equity, NIC, DTB and I&M ... At least I am not in KQ.
Even though it hurts, I am sure they can survive the blow of 100% NPLs coz of KQ. Some may havealready NPL'd part of the loans given to KQ. Your banks are also very weird.. not supporting the good plans by KQ Well, if KQ can service the loans first per the Loan Agreements, then I am sure my banks would look at lending to KQ. Those who approved the loans made to KQ should be fired and sued for professional negligence. I am glad Equity has taken a stand. It's a pity that NIC, I&M and DTB are acting like sheep. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 14,324 Location: nairobi
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VituVingiSana wrote:obiero wrote:VituVingiSana wrote:Sigh, I see all my (investee) banks are on here!
Equity, NIC, DTB and I&M ... At least I am not in KQ.
Even though it hurts, I am sure they can survive the blow of 100% NPLs coz of KQ. Some may havealready NPL'd part of the loans given to KQ. Your banks are also very weird.. not supporting the good plans by KQ Well, if KQ can service the loans first per the Loan Agreements, then I am sure my banks would look at lending to KQ. Those who approved the loans made to KQ should be fired and sued for professional negligence. I am glad Equity has taken a stand. It's a pity that NIC, I&M and DTB are acting like sheep. @vvs for top tier banks to lend such significant sums shows that there's something about KQ that you don't know. Meanwhile Equity will be bundled into the transaction by votes. Unless they want to reposses a GoK 787.. What options do they really have in auctioning GoK COOP, IMH, KEGN, KQ, MTNU
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Rank: Member Joined: 4/14/2010 Posts: 806 Location: Nairobi
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heri wrote:Ericsson wrote:List of Lenders and the amounts owed by KQ
Equity Bank sh.5.15bn Maturing 26 Oct 2016
National Bank sh.3.502bn Maturing 29 Jan 2023
Co-op Bank sh.3.296bn Maturing 4 Oct 2022
CBA sh.3.09bn Maturing 26 Feb 2017
NIC Bank sh.2.06bn Maturing 31 Dec 2022
KCB sh.2.06bn Maturing 31 May 2016
DTB sh.2.06bn Maturing 31 Jan 2023
I&M Bank sh.824mn Maturing 31 Dec 2022
Ecobank sh.824mn Maturing 31 Dec 2022
Chase Bank sh.721mn Maturing 21 Jan 2021
Jamii Bora sh.412mn Maturing 30 Mar 2020 Woi, my DTB . will it stomach such a huge NPL Wont the NPL's be reversed upon conversion of debt to equity?
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Rank: Elder Joined: 6/23/2009 Posts: 14,324 Location: nairobi
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winston wrote:heri wrote:Ericsson wrote:List of Lenders and the amounts owed by KQ
Equity Bank sh.5.15bn Maturing 26 Oct 2016
National Bank sh.3.502bn Maturing 29 Jan 2023
Co-op Bank sh.3.296bn Maturing 4 Oct 2022
CBA sh.3.09bn Maturing 26 Feb 2017
NIC Bank sh.2.06bn Maturing 31 Dec 2022
KCB sh.2.06bn Maturing 31 May 2016
DTB sh.2.06bn Maturing 31 Jan 2023
I&M Bank sh.824mn Maturing 31 Dec 2022
Ecobank sh.824mn Maturing 31 Dec 2022
Chase Bank sh.721mn Maturing 21 Jan 2021
Jamii Bora sh.412mn Maturing 30 Mar 2020 Woi, my DTB . will it stomach such a huge NPL Wont the NPL's be reversed upon conversion of debt to equity? I don't think that will be the case. CBK prudential guidelines do not cover for the same. The debt would need to be settled from the sale of the converted equity COOP, IMH, KEGN, KQ, MTNU
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Rank: Member Joined: 5/21/2014 Posts: 184
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Impunity wrote:heri wrote:Banks in trouble. If it is not KQ it is Nakummatt all piling up on NPLs I would like to know how much Jamii Bora is owed.And why a big firm like KQ went to borrow money from Jamii Bora. Why Jamii Bora? Either 1) KQ was desperate at the time or 2) Jamii Bora was desperate and made the assumption that KQ must be fine There are too many opportunities all around. Open your eyes and maybe you'll spot one
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Rank: Elder Joined: 12/4/2009 Posts: 10,820 Location: NAIROBI
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Commercial banks that agree to swap their multi-billion shilling debt for a stake in Kenya Airways will be required to lend the airline an extra Sh18.1 billion at an interest rate of about 6.65 per cent, principally to refurbish aircraft engines. http://www.businessdaily...033642-md5wrz/index.htmlWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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Ericsson wrote:Commercial banks that agree to swap their multi-billion shilling debt for a stake in Kenya Airways will be required to lend the airline an extra Sh18.1 billion at an interest rate of about 6.65 per cent, principally to refurbish aircraft engines. http://www.businessdaily...33642-md5wrz/index.html GoK strong arms the banks into yet another rabbit hole. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Elder Joined: 6/23/2009 Posts: 14,324 Location: nairobi
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lochaz-index wrote:Ericsson wrote:Commercial banks that agree to swap their multi-billion shilling debt for a stake in Kenya Airways will be required to lend the airline an extra Sh18.1 billion at an interest rate of about 6.65 per cent, principally to refurbish aircraft engines. http://www.businessdaily...33642-md5wrz/index.html GoK strong arms the banks into yet another rabbit hole. This clarification was on the initial circular. Kama watu hawakusoma shauri yao COOP, IMH, KEGN, KQ, MTNU
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