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Now Imperial Bank under receivership for 12 months
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murchr
#301 Posted : Friday, September 08, 2017 5:48:28 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
"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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murchr
#302 Posted : Friday, October 13, 2017 6:37:54 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980


"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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washiku
#303 Posted : Friday, October 13, 2017 10:26:11 PM
Rank: Chief


Joined: 5/9/2007
Posts: 13,095
Why would anyone be willing to buy Imperial Bank?
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obiero
#304 Posted : Friday, October 13, 2017 10:29:48 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,501
Location: nairobi
washiku wrote:
Why would anyone be willing to buy Imperial Bank?

Juju

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Ericsson
#305 Posted : Saturday, October 14, 2017 1:56:05 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,678
Location: NAIROBI
obiero wrote:
washiku wrote:
Why would anyone be willing to buy Imperial Bank?

Juju

Sale will be done chase bank style where the good book will be seperated from the bad book.
The bidders will be given opportunity to buy the good book
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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obiero
#306 Posted : Saturday, October 14, 2017 8:41:45 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,501
Location: nairobi
Ericsson wrote:
obiero wrote:
washiku wrote:
Why would anyone be willing to buy Imperial Bank?

Juju

Sale will be done chase bank style where the good book will be seperated from the bad book.
The bidders will be given opportunity to buy the good book

For Imperial how good is the good book. I believe Chase had a better client base in terms of portfolio quality. Then again, once you have the good book do you imagine that new clients will want to be associated with such a bank. It's a big gamble to be taken only by a witchdoctor

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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jgithige
#307 Posted : Saturday, October 14, 2017 10:36:14 AM
Rank: Member


Joined: 7/10/2014
Posts: 145
Location: Nairobi
obiero wrote:
Ericsson wrote:
obiero wrote:
washiku wrote:
Why would anyone be willing to buy Imperial Bank?

Juju

Sale will be done chase bank style where the good book will be seperated from the bad book.
The bidders will be given opportunity to buy the good book

For Imperial how good is the good book. I believe Chase had a better client base in terms of portfolio quality. Then again, once you have the good book do you imagine that new clients will want to be associated with such a bank. It's a big gamble to be taken only by a witchdoctor


How about buying it for a song and rebrand.
"Blowing out someone else candle won't make yours shine brighter"-Anonymous
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2012
#308 Posted : Saturday, October 14, 2017 5:31:54 PM
Rank: Elder


Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
jgithige wrote:
obiero wrote:
Ericsson wrote:
obiero wrote:
washiku wrote:
Why would anyone be willing to buy Imperial Bank?

Juju

Sale will be done chase bank style where the good book will be seperated from the bad book.
The bidders will be given opportunity to buy the good book

For Imperial how good is the good book. I believe Chase had a better client base in terms of portfolio quality. Then again, once you have the good book do you imagine that new clients will want to be associated with such a bank. It's a big gamble to be taken only by a witchdoctor


How about buying it for a song and rebrand.


What would you be buying? Not everything can be cured by a rebranding. It's very hard to cover-up bad history.

BBI will solve it :)
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Gathige
#309 Posted : Saturday, October 14, 2017 8:18:29 PM
Rank: Elder


Joined: 3/29/2011
Posts: 2,242
2012 wrote:
jgithige wrote:
obiero wrote:
Ericsson wrote:
obiero wrote:
washiku wrote:
Why would anyone be willing to buy Imperial Bank?

Juju

Sale will be done chase bank style where the good book will be seperated from the bad book.
The bidders will be given opportunity to buy the good book

For Imperial how good is the good book. I believe Chase had a better client base in terms of portfolio quality. Then again, once you have the good book do you imagine that new clients will want to be associated with such a bank. It's a big gamble to be taken only by a witchdoctor


How about buying it for a song and rebrand.


What would you be buying? Not everything can be cured by a rebranding. It's very hard to cover-up bad history.



They say the easiest way to rob a bank is to own own.
"Things that matter most must never be at the mercy of things that matter least." Goethe
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2012
#310 Posted : Sunday, October 15, 2017 4:32:48 PM
Rank: Elder


Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
It's only in Kenya where money is the ticket to committing any criminal act. In normal countries you'd not get away with what these criminals walking free did to Imperial Bank and Chase Bank. One day we will get the right people in power.

BBI will solve it :)
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DonBen
#311 Posted : Saturday, May 19, 2018 10:01:16 AM
Rank: Member


Joined: 8/4/2009
Posts: 144
A former CBK Bank Supervision Inspector who had a dalliance with IBL is now on the Board of KCB Shame on you

CS Rotich, CEO Oigara, CBK on the spot for allowing fraudster director on KCB Board https://www.kenyannewsda...-director-on-kcb-board/ via @KenyanNewsDay
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Metch
#312 Posted : Saturday, May 19, 2018 10:25:00 AM
Rank: Member


Joined: 12/22/2015
Posts: 224
Location: Mombasa, Kenya
DonBen wrote:
A former CBK Bank Supervision Inspector who had a dalliance with IBL is now on the Board of KCB Shame on you

CS Rotich, CEO Oigara, CBK on the spot for allowing fraudster director on KCB Board https://www.kenyannewsda...-director-on-kcb-board/ via @KenyanNewsDay


Time to put your glasses on if you are on board. Sign of terrible things to come
Start!
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murchr
#313 Posted : Tuesday, December 11, 2018 6:47:29 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
KCB buys Imperial Bank
"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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Ericsson
#314 Posted : Wednesday, December 12, 2018 2:27:39 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,678
Location: NAIROBI
Three banks gone this year
Chase bank
Imperial bank
NIC bank on the process

Which is the next bank to be acquired
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Impunity
#315 Posted : Wednesday, December 12, 2018 9:47:45 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,328
Location: Masada
Ericsson wrote:
Three banks gone this year
Chase bank
Imperial bank
NIC bank on the process

Which is the next bank to be acquired


NBK.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Angelica _ann
#316 Posted : Thursday, December 13, 2018 9:38:24 AM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
Impunity wrote:
Ericsson wrote:
Three banks gone this year
Chase bank
Imperial bank
NIC bank on the process

Which is the next bank to be acquired


NBK.


Consolidate Bank.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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AndyC
#317 Posted : Thursday, December 13, 2018 11:28:19 AM
Rank: Member


Joined: 4/21/2015
Posts: 151
Angelica _ann wrote:
Impunity wrote:
Ericsson wrote:
Three banks gone this year
Chase bank
Imperial bank
NIC bank on the process

Which is the next bank to be acquired


NBK.


Consolidate Bank.


Consolidated was formed from 9 insolvent financial institutions....how was it to succeed?
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Impunity
#318 Posted : Thursday, December 13, 2018 7:07:55 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,328
Location: Masada
AndyC wrote:
Angelica _ann wrote:
Impunity wrote:
Ericsson wrote:
Three banks gone this year
Chase bank
Imperial bank
NIC bank on the process

Which is the next bank to be acquired


NBK.


Consolidate Bank.


Consolidated was formed from 9 insolvent financial institutions....how was it to succeed?


Through consolidation ofcourse.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Yliett
#319 Posted : Wednesday, December 26, 2018 2:09:02 PM
Rank: New-farer


Joined: 12/23/2018
Posts: 38
Location: germany
I don't know how to react to this news. I would like confess that i am not the biggest fan of banks. I hold the banks responsible for the world's broken economy. They have been exploiting the people since their creation. But they are the necessary evil that we have to live with.
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Horton
#320 Posted : Wednesday, December 26, 2018 2:50:50 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Impunity wrote:
AndyC wrote:
Angelica _ann wrote:
Impunity wrote:
Ericsson wrote:
Three banks gone this year
Chase bank
Imperial bank
NIC bank on the process

Which is the next bank to be acquired


NBK.


Consolidate Bank.


Consolidated was formed from 9 insolvent financial institutions....how was it to succeed?


Through consolidation ofcourse.


😆
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