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Law Capping interest rates
Rank: Elder Joined: 3/19/2010 Posts: 3,504 Location: Uganda
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I recently got a bank loan at very easily at 14%.who says banks are not lending? this capping should remain.just keep a good credit rating.. bank will be looking for you. punda amecheka
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Rank: Elder Joined: 6/23/2009 Posts: 13,502 Location: nairobi
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murchr wrote:obiero wrote:Angelica _ann wrote:Wow KCB headed to 70bob!!! Kenya Govt and the People of Kenya are distinct Layman English please The law won’t be reversed HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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obiero wrote:murchr wrote:obiero wrote:Angelica _ann wrote:Wow KCB headed to 70bob!!! Kenya Govt and the People of Kenya are distinct Layman English please The law won’t be reversed to repeal is to abolish/anull a law or an act of parliament. .prophet obiero you mean this word was used wrongly ? "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 6/23/2009 Posts: 13,502 Location: nairobi
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mlennyma wrote:obiero wrote:murchr wrote:obiero wrote:Angelica _ann wrote:Wow KCB headed to 70bob!!! Kenya Govt and the People of Kenya are distinct Layman English please The law won’t be reversed to repeal is to abolish/anull a law or an act of parliament. .prophet obiero you mean this word was used wrongly ? I mean that it was a political response to IMF that will not garner real political support in the House. To repeal it cannot be via twitter feeds, this thing is hardcoded in wanjiku who prefers no debt to the mercinary rates that were being bandied by Kenyan banks HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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obiero wrote:mlennyma wrote:obiero wrote:murchr wrote:obiero wrote:Angelica _ann wrote:Wow KCB headed to 70bob!!! Kenya Govt and the People of Kenya are distinct Layman English please The law won’t be reversed to repeal is to abolish/anull a law or an act of parliament. .prophet obiero you mean this word was used wrongly ? I mean that it was a political response to IMF that will not garner real political support in the House. To repeal it cannot be via twitter feeds, this thing is hardcoded in wanjiku who prefers no debt to the mercinary rates that were being bandied by Kenyan banks It should be mercenary. The problem emanates from attending shithole schools where a young bugger used to receive instructions under a tree inside squalid makeshift structures. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 6/23/2009 Posts: 13,502 Location: nairobi
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Spikes wrote:obiero wrote:mlennyma wrote:obiero wrote:murchr wrote:obiero wrote:Angelica _ann wrote:Wow KCB headed to 70bob!!! Kenya Govt and the People of Kenya are distinct Layman English please The law won’t be reversed to repeal is to abolish/anull a law or an act of parliament. .prophet obiero you mean this word was used wrongly ? I mean that it was a political response to IMF that will not garner real political support in the House. To repeal it cannot be via twitter feeds, this thing is hardcoded in wanjiku who prefers no debt to the mercinary rates that were being bandied by Kenyan banks It should be mercenary. The problem emanates from attending shithole schools where a young bugger used to receive instructions under a tree inside squalid makeshift structures. Hehe. Your mum was my deskmate. You could be my daughter! HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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MPs will be whipped to support the motion just like they were whipped to support Beth Mugo as member of PSC and removed Alfred Keter as a Chair of the house business Committee Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,502 Location: nairobi
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Ericsson wrote:MPs will be whipped to support the motion just like they were whipped to support Beth Mugo as member of PSC and removed Alfred Keter as a Chair of the house business Committee Only time shall tell, my brother HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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obiero wrote:Spikes wrote:obiero wrote:mlennyma wrote:obiero wrote:murchr wrote:obiero wrote:Angelica _ann wrote:Wow KCB headed to 70bob!!! Kenya Govt and the People of Kenya are distinct Layman English please The law won’t be reversed to repeal is to abolish/anull a law or an act of parliament. .prophet obiero you mean this word was used wrongly ? I mean that it was a political response to IMF that will not garner real political support in the House. To repeal it cannot be via twitter feeds, this thing is hardcoded in wanjiku who prefers no debt to the mercinary rates that were being bandied by Kenyan banks It should be mercenary. The problem emanates from attending shithole schools where a young bugger used to receive instructions under a tree inside squalid makeshift structures. Hehe. Your mum was my deskmate. You could be my daughter! Bad manners dragging my mother's name into foul altercation. You should and must respect mothers. Idiot! John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Member Joined: 9/3/2015 Posts: 118 Location: Nairobi
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obiero wrote: The law won’t be reversed
I back @obiero on this based on one aspect that the CS said, and which was poorly edited by media..." and repeal or reform an 18-month-old cap on bank lending rates that has resulted in a massive fall in loans to the private sector." RinkRink 2
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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Musimo wrote:obiero wrote: The law won’t be reversed
I back @obiero on this based on one aspect that the CS said, and which was poorly edited by media..." and repeal or reform an 18-month-old cap on bank lending rates that has resulted in a massive fall in loans to the private sector." RinkRink 2 As the ceo of kcb mentioned last week. They would be ok if it was reformed to exclude the private sector or and applied selectively. And from what I have read in the media, it seems this was a key prequisite from IMF. So either way happy days for those long on bank stocks
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Rank: Veteran Joined: 10/29/2008 Posts: 1,566
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See the excuses and finger pointing ^^ even though it was always obvious that the caps would go after the elections. Isuni yilu yi maa me muyo - ni Mbisuu
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Rank: Veteran Joined: 10/29/2008 Posts: 1,566
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newfarer wrote:I recently got a bank loan at very easily at 14%.who says banks are not lending? this capping should remain.just keep a good credit rating.. bank will be looking for you. Sasa were, si upunguzage denial saa zingine It's like saying there is no drought because my ¾ quarter farm in Kitui has yielded some healthy onions! The bigger picture bro... Isuni yilu yi maa me muyo - ni Mbisuu
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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Treasury PS kamau thugge reiterates that the interest rates cap law will be repealed to improve the investment climate of kenya Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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https://www.businessdail...19770-hbcrm9z/index.htmlWealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,502 Location: nairobi
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obiero wrote:wukan wrote:winston wrote:obiero wrote:Ngalaka wrote:obiero wrote:Partial reversal of the cap now almost guaranteed with a Uhuru win Count down begins This financial rally is on steroids >Banks will make money >>Investors in Banks stocks will make money >>>Those waiting for banks to loan them at 14% without pricing risk....well...they shall continue waiting . Even if it's not repealed investors in banking stocks will receive generous dividend payouts. Banks don't need all that capital on their books. KCB and Stanbic have already shown the way Good times ahead for the large banks. Expect more M&A action on the smaller banks Family Bank chini https://www.businessdail...20768-140ijub/index.html HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,502 Location: nairobi
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obiero wrote:wukan wrote:winston wrote:obiero wrote:Ngalaka wrote:obiero wrote:Partial reversal of the cap now almost guaranteed with a Uhuru win Count down begins This financial rally is on steroids >Banks will make money >>Investors in Banks stocks will make money >>>Those waiting for banks to loan them at 14% without pricing risk....well...they shall continue waiting . Even if it's not repealed investors in banking stocks will receive generous dividend payouts. Banks don't need all that capital on their books. KCB and Stanbic have already shown the way Good times ahead for the large banks. Expect more M&A action on the smaller banks Family Bank chini https://www.businessdail...20768-140ijub/index.html HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: New-farer Joined: 1/10/2016 Posts: 15 Location: Machu Pichu
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Kenyan Banks among the world's most profitable LINKDoes this confirm the clamour for repealing this law is driven by nothing but greed for super profits
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Rank: Member Joined: 7/1/2009 Posts: 256
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Larayna wrote:Kenyan Banks among the world's most profitable LINKDoes this confirm the clamour for repealing this law is driven by nothing but greed for super profits The law was not about checking profitability of banks. It was about making credit affordable. Unfortunately, they did not foresee how it would affect credit availability. A free market economy operates on a willing buyer willing seller principle. You cannot force a seller to trade, otherwise you get shortages of goods and services. Ask coffee farmers and the infamous law prohibiting uprooting coffee trees...
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Rank: Elder Joined: 6/23/2009 Posts: 13,502 Location: nairobi
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Monk wrote:Larayna wrote:Kenyan Banks among the world's most profitable LINKDoes this confirm the clamour for repealing this law is driven by nothing but greed for super profits The law was not about checking profitability of banks. It was about making credit affordable. Unfortunately, they did not foresee how it would affect credit availability. A free market economy operates on a willing buyer willing seller principle. You cannot force a seller to trade, otherwise you get shortages of goods and services. Ask coffee farmers and the infamous law prohibiting uprooting coffee trees... Supplier power in Michael Porter five forces HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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