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Law Capping interest rates
obiero
#2341 Posted : Saturday, October 07, 2017 11:08:20 AM
Rank: Elder


Joined: 6/23/2009
Posts: 7,644
Location: nairobi
heri wrote:
obiero wrote:
wukan wrote:
Gatheuzi wrote:
Banks get more agressive on reposessions. However getting buyers is an equally tough task for the auctioneers.

link


Private sector recession public sector consumption... waiting for the shit to hit the fansmile smile

Wish our local media wrote such stories instead of the political crap

All Kenyan banks to report continued reduction in profit going into full year. Q3 already reveals a terrible situation, led by HFCK with a 65% PBT tumble YoY, NBK 58% slide, and SCBK 30% down..


if the rates cap had not been put in place, and the economy is evidently doing badly, i wonder if the banks would be worse off since they would have continued lending at high rates and people would still be borrowing more to keep afloat but that can only go on for so long.

If the banks are doing this badly and yet they are earning alot from lending to the government at high rates, what if the lending to the government becomes not too attractive

I wonder how HF will recover seeing that real estate is badly hit

Excuse me, but do you know the TBILL rate for September 2015.. Therein lies your answer
www.winda.co.ke
wukan
#2342 Posted : Monday, October 30, 2017 7:53:50 PM
Rank: Member


Joined: 11/13/2015
Posts: 469
#1709 Posted : Wednesday, January 11, 2017 10:42:12 AM

wukan wrote:
MaichBlack wrote:
Problem: President Uhuru will probably not reverse these before the election for obvious reasons and after the elections, we don't know who will be the president and whether he or she will have the tyranny of numbers in parliament.

The country might be screwed longer than we anticipate and for what??? Political reasons!!!



Forget about the reversing of the rate caps, it received strong support even from CORD. The earliest you will see the lifting of the caps is around the year 2021. Uhuru will win the re-election even with massive voter apathy.

This is Zambia voter apathy with rate caps in 2015

Quote:
In her final remarks Electoral Commission of Zambia (ECZ) Chairperson, Justice Ireen Mambilima, said the average voter turnout in the recent presidential by-election was about 33 per cent. In some constituencies, out of about 33, 000 registered voters, one learns that only about 8, 000 registered voters actually voted. Justice Mambilima said this was the lowest voter turnout Zambia has ever experienced for many years.

While a winner in such high voter apathy political elections can celebrate having won a political election, it is clear that such a winner wins with a minority vote. Such a vote doesn’t give a winner confidence that one is a popular political representative in a given area. Such a situation threatens democracy dispensation as democracy promotes majority rule.


This is the voter turnout after lifting of the rate caps 2016

Quote:
Zambians have turned out in large numbers to vote in the general elections, observers say is the closest contest in the country’s history.

Most polling stations opened at 06:30 Hours and are expected to close at 18 Hours in the evening.

Some voters in the capital Lusaka made their way to the polling stations as early as 04 Hours.

Many observers have said the early turn out might cast doubts of voter apathy which has characterised the recent elections in Zambia.


Remember this hypothesis: Uhuru will win the re-election even with massive voter apathy
Voter turnout 38.9%

Angelica _ann
#2343 Posted : Monday, October 30, 2017 7:56:17 PM
Rank: Elder


Joined: 12/7/2012
Posts: 7,858
wukan wrote:
#1709 Posted : Wednesday, January 11, 2017 10:42:12 AM

wukan wrote:
MaichBlack wrote:
Problem: President Uhuru will probably not reverse these before the election for obvious reasons and after the elections, we don't know who will be the president and whether he or she will have the tyranny of numbers in parliament.

The country might be screwed longer than we anticipate and for what??? Political reasons!!!



Forget about the reversing of the rate caps, it received strong support even from CORD. The earliest you will see the lifting of the caps is around the year 2021. Uhuru will win the re-election even with massive voter apathy.

This is Zambia voter apathy with rate caps in 2015

Quote:
In her final remarks Electoral Commission of Zambia (ECZ) Chairperson, Justice Ireen Mambilima, said the average voter turnout in the recent presidential by-election was about 33 per cent. In some constituencies, out of about 33, 000 registered voters, one learns that only about 8, 000 registered voters actually voted. Justice Mambilima said this was the lowest voter turnout Zambia has ever experienced for many years.

While a winner in such high voter apathy political elections can celebrate having won a political election, it is clear that such a winner wins with a minority vote. Such a vote doesn’t give a winner confidence that one is a popular political representative in a given area. Such a situation threatens democracy dispensation as democracy promotes majority rule.


This is the voter turnout after lifting of the rate caps 2016

Quote:
Zambians have turned out in large numbers to vote in the general elections, observers say is the closest contest in the country’s history.

Most polling stations opened at 06:30 Hours and are expected to close at 18 Hours in the evening.

Some voters in the capital Lusaka made their way to the polling stations as early as 04 Hours.

Many observers have said the early turn out might cast doubts of voter apathy which has characterised the recent elections in Zambia.


Remember this hypothesis: Uhuru will win the re-election even with massive voter apathy
Voter turnout 38.9%



Lakini this one was no contest Ouru vs ????
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
obiero
#2344 Posted : Tuesday, December 05, 2017 1:51:01 PM
Rank: Elder


Joined: 6/23/2009
Posts: 7,644
Location: nairobi
obiero wrote:
whiteowl wrote:
obiero wrote:
obiero wrote:
obiero wrote:
obiero wrote:
obiero wrote:
obiero wrote:
sparkly wrote:
obiero wrote:
MaichBlack wrote:
[quote=obiero][quote=muandiwambeu][quote=Ebenyo][quote=obiero]I told you guys to sell off bank stocks in 2014. Luckily made it out of some major holdings in good time..


but a big percent of your portfolio is still in banks!

so, what do you expect to be a fair hair cut on obieros portfolio as a result of kamwanaas house attempt to please Wanjiku. what will be the overall industries' hit in percentage. my fair guess from my lender's perspective
(16-14.5)/(16*0.5)*100=18.75% conservetively
thieves.

COOP & HF will come out strongest in this.. Too little meat to be bitten out from the two. Plus HF has never been strong on deposits being only licensed to have current accounts a few months ago!! HF will have the least interest expense of all listed lenders

Hey @Obiero. Bill not signed. And please note I did not put the word 'yet' at the end.

Its bound to be signed on Monday 29th Aug 2016


The bankers will visit statehouse with big brown envelop and this story will be forgotten.

Smaller banks will fold

Here we are...
Family fires it's staff https://citizentv.co.ke/...fs-to-cut-costs-143841/
and then Sidian lays off 108 workers http://www.businessdaily...9550-3428588-151f209z/,
then Ecobank collapses 9 branches http://www.businessdaily...6506-316lohz/index.html
First Community Bank let go of a quarter of its staff http://www.the-star.co.k...osed-number-of_c1451638
And now BoA closes 12 branches. Sad state of affairs http://www.businessdaily...2926-jp394sz/index.html[/quote]
Sidian, NBK, Family, HF, NIC struggling.. Small banks shall fold

The goose is cooked for NBK


NBK has 9 lives,it was supposed to go down even before Dubai bank but its still standing.

@whiteowl NBK in its current form and shape cannot survive.. It must be absorbed by a real bank. Smaller banks must close shop unless the caps are reversed http://www.nation.co.ke/...9774-14pykoy/index.html[/quote]
Kwisha
www.winda.co.ke
The Great
#2345 Posted : Tuesday, December 05, 2017 7:27:27 PM
Rank: Member


Joined: 9/9/2015
Posts: 230
@Obiero: Do you think the rate caps will be lifted within the next 4 months
"Buy when there's blood in the streets, even if the blood is your own."
Angelica _ann
#2346 Posted : Tuesday, December 05, 2017 7:34:34 PM
Rank: Elder


Joined: 12/7/2012
Posts: 7,858
The Great wrote:
@Obiero: Do you think the rate caps will be lifted within the next 4 months


What does the exchange bar say?
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
obiero
#2347 Posted : Tuesday, December 05, 2017 10:01:35 PM
Rank: Elder


Joined: 6/23/2009
Posts: 7,644
Location: nairobi
Angelica _ann wrote:
The Great wrote:
@Obiero: Do you think the rate caps will be lifted within the next 4 months


What does the exchange bar say?

@thegreat @angelu no. this thing will stay on upto next regime, but they will tinker with the savings interest rate down from 70% of CBR
www.winda.co.ke
maka
#2348 Posted : Wednesday, December 06, 2017 9:11:14 AM
Rank: Elder


Joined: 4/22/2010
Posts: 10,212
Location: Nairobi
obiero wrote:
Angelica _ann wrote:
The Great wrote:
@Obiero: Do you think the rate caps will be lifted within the next 4 months


What does the exchange bar say?

@thegreat @angelu no. this thing will stay on upto next regime, but they will tinker with the savings interest rate down from 70% of CBR


I think that would be the best way to go...they let the banks compete in that sphere if you feel a bank offers a good rate on savings weka pesa huko....simple.
possunt quia posse videntur
Ericsson
#2349 Posted : Wednesday, December 06, 2017 10:06:27 AM
Rank: Elder


Joined: 12/4/2009
Posts: 3,891
Location: NAIROBI
obiero wrote:
Angelica _ann wrote:
The Great wrote:
@Obiero: Do you think the rate caps will be lifted within the next 4 months


What does the exchange bar say?

@thegreat @angelu no. this thing will stay on upto next regime, but they will tinker with the savings interest rate down from 70% of CBR

Or they might tinker with the interest rates on loans to be 70%++ of CBR
obiero
#2350 Posted : Wednesday, December 06, 2017 11:17:05 AM
Rank: Elder


Joined: 6/23/2009
Posts: 7,644
Location: nairobi
Ericsson wrote:
obiero wrote:
Angelica _ann wrote:
The Great wrote:
@Obiero: Do you think the rate caps will be lifted within the next 4 months


What does the exchange bar say?

@thegreat @angelu no. this thing will stay on upto next regime, but they will tinker with the savings interest rate down from 70% of CBR

Or they might tinker with the interest rates on loans to be 70%++ of CBR
That will be hard to sell to wanjiku
www.winda.co.ke
Ericsson
#2351 Posted : Wednesday, December 06, 2017 11:25:08 AM
Rank: Elder


Joined: 12/4/2009
Posts: 3,891
Location: NAIROBI
obiero wrote:
Ericsson wrote:
obiero wrote:
Angelica _ann wrote:
The Great wrote:
@Obiero: Do you think the rate caps will be lifted within the next 4 months


What does the exchange bar say?

@thegreat @angelu no. this thing will stay on upto next regime, but they will tinker with the savings interest rate down from 70% of CBR

Or they might tinker with the interest rates on loans to be 70%++ of CBR
That will be hard to sell to wanjiku


Do you think the government now cares about wanjiku
obiero
#2352 Posted : Wednesday, December 06, 2017 11:29:57 AM
Rank: Elder


Joined: 6/23/2009
Posts: 7,644
Location: nairobi
Ericsson wrote:
obiero wrote:
Ericsson wrote:
obiero wrote:
Angelica _ann wrote:
The Great wrote:
@Obiero: Do you think the rate caps will be lifted within the next 4 months


What does the exchange bar say?

@thegreat @angelu no. this thing will stay on upto next regime, but they will tinker with the savings interest rate down from 70% of CBR

Or they might tinker with the interest rates on loans to be 70%++ of CBR
That will be hard to sell to wanjiku


Do you think the government now cares about wanjiku

2022
www.winda.co.ke
mkeiy
#2353 Posted : Wednesday, December 06, 2017 11:34:00 AM
Rank: Member


Joined: 1/27/2012
Posts: 800
Location: Nairobi
obiero wrote:
Angelica _ann wrote:
The Great wrote:
@Obiero: Do you think the rate caps will be lifted within the next 4 months


What does the exchange bar say?

@thegreat @angelu no. this thing will stay on upto next regime, but they will tinker with the savings interest rate down from 70% of CBR



@Obiero.
Are those your thoughts ,or those of TEB?
If bar's, does that mean the leadership will ignore the experts' advice, TWICE?

If they insist on keeping it, for whose benefit if the economy is evidently suffering.
obiero
#2354 Posted : Wednesday, December 06, 2017 11:44:37 AM
Rank: Elder


Joined: 6/23/2009
Posts: 7,644
Location: nairobi
mkeiy wrote:
obiero wrote:
Angelica _ann wrote:
The Great wrote:
@Obiero: Do you think the rate caps will be lifted within the next 4 months


What does the exchange bar say?

@thegreat @angelu no. this thing will stay on upto next regime, but they will tinker with the savings interest rate down from 70% of CBR



@Obiero.
Are those your thoughts ,or those of TEB?
If bar's, does that mean the leadership will ignore the experts' advice, TWICE?

If they insist on keeping it, for whose benefit if the economy is evidently suffering.

These are my personal thoughts. The cap can be altered but should not be abolished.. Economic collapse is underway but cannot be solely linked to the capping
www.winda.co.ke
aemathenge
#2355 Posted : Wednesday, December 06, 2017 11:48:40 AM
Rank: Elder


Joined: 10/18/2008
Posts: 2,738
Location: Kerugoya
mkeiy wrote:
obiero wrote:
Angelica _ann wrote:
The Great wrote:
@Obiero: Do you think the rate caps will be lifted within the next 4 months


What does the exchange bar say?

@thegreat @angelu no. this thing will stay on upto next regime, but they will tinker with the savings interest rate down from 70% of CBR



@Obiero.
Are those your thoughts ,or those of TEB?
If bar's, does that mean the leadership will ignore the experts' advice, TWICE?

If they insist on keeping it, for whose benefit if the economy is evidently suffering.

This is about the Mpigs getting cheap loans. Period.

Unless the Mpigs get preferential loans, they will frustrate any efforts to repeal the Njomo Bill.
wukan
#2356 Posted : Wednesday, December 06, 2017 1:01:08 PM
Rank: Member


Joined: 11/13/2015
Posts: 469
aemathenge wrote:
mkeiy wrote:
obiero wrote:
Angelica _ann wrote:
The Great wrote:
@Obiero: Do you think the rate caps will be lifted within the next 4 months


What does the exchange bar say?

@thegreat @angelu no. this thing will stay on upto next regime, but they will tinker with the savings interest rate down from 70% of CBR



@Obiero.
Are those your thoughts ,or those of TEB?
If bar's, does that mean the leadership will ignore the experts' advice, TWICE?

If they insist on keeping it, for whose benefit if the economy is evidently suffering.

This is about the Mpigs getting cheap loans. Period.

Unless the Mpigs get preferential loans, they will frustrate any efforts to repeal the Njomo Bill.


MPigs already have preferential loans and surprisingly they still default. The damage is already done even if the cap was repealed most private sector won't cope with the market rate. Private sector credit demand has dwindled(productive debt). The only borrower in town is GoK (unproductive debt). You are better off checking on the GoK finance distress signals than the interest rate cap. Start with the $1.5B due for repayment next year. Interest rate cap was just one of the ways of postponing the debt crisis. Don't waste the coming crisis-the biggest wealth transfer moment is coming.
KulaRaha
#2357 Posted : Wednesday, December 06, 2017 1:03:39 PM
Rank: Elder


Joined: 7/26/2007
Posts: 6,006
obiero wrote:
mkeiy wrote:
obiero wrote:
Angelica _ann wrote:
The Great wrote:
@Obiero: Do you think the rate caps will be lifted within the next 4 months


What does the exchange bar say?

@thegreat @angelu no. this thing will stay on upto next regime, but they will tinker with the savings interest rate down from 70% of CBR



@Obiero.
Are those your thoughts ,or those of TEB?
If bar's, does that mean the leadership will ignore the experts' advice, TWICE?

If they insist on keeping it, for whose benefit if the economy is evidently suffering.

These are my personal thoughts. The cap can be altered but should not be abolished.. Economic collapse is underway but cannot be solely linked to the capping


So true. The issue is bigger than rate cap.
Business opportunities are like buses,there's always another one coming
aemathenge
#2358 Posted : Wednesday, December 06, 2017 2:19:07 PM
Rank: Elder


Joined: 10/18/2008
Posts: 2,738
Location: Kerugoya
wukan wrote:
Don't waste the coming crisis-the biggest wealth transfer moment is coming.

Could you be so kind and expound on this part, please.

Indulge me (us) if you would.
wukan
#2359 Posted : Wednesday, December 06, 2017 3:07:54 PM
Rank: Member


Joined: 11/13/2015
Posts: 469
aemathenge wrote:
wukan wrote:
Don't waste the coming crisis-the biggest wealth transfer moment is coming.

Could you be so kind and expound on this part, please.

Indulge me (us) if you would.


sovereign debt crisis usually bring change to the privileged elites. The last Africa debt crisis in the 1980's brought the multi-party era. The last kenyan debt crisis around 1999 when debt ratio was 67% eventually saw the KANU exit and the Kibaki wealth transfer moment. Asian 1997 debt crisis saw the exit of Indonesia's Suharto. South Africa debt crisis mid 1980's saw the end of apartheid. That's the silver lining of a debt crisis.

Most of Sub-sahara Africa will be in a debt crisis from 2019-2024 the clock is ticking
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