To respond to thimioni,there are many scenarios under which Equity could colapse. Its collapse would impact the economy seriously because of its spread as a bank as well as a counterparty to other banks. Am assuming in this case we are talking about a total collapse. Equity had 53bn of customer deposits in Dec 08. GoK won't be able to cover that. The loan side would also cause serious headaches.

As to the Mwangi Trade Bank rumour. Its a lie. As I did 3yrs ago,here is my and a pal's ofer. If you have any evidence of the Ksh200m that Mwangi took,plse contact me offline and we'll mobilise depositors who lost money via Trade Bank and take it to a court. PS- you can file these sort of cases in almost any court not just in Kenya.

PPS: for us to continue having a intelligent rather than bile-filled discussion about Equity and in particular JM's role,can I recommend a reading of this seminal document http://www.microsave.org...ST%20EBS%20Rebirth.pdf. You may need to register your email to access it. The title is 'Understanding the Re-birth of Equity Building Society in Kenya'

PPPS: Mukiha-kudos on the laying out the barefacts. Some of the past and present principal investors in Equity have been non-Kenyans because Equity recognised back in the early 90s that your bank can collapse for political reasons. The one favor that CBK did for Equity was to allow Hellios shareholders to hide their names. The same exemption was extended to Co-op

Finally-one of the reasons that Equity was not fungua-d in 1992 was JM. At the time,Moi had zero time for kiuks. Won't it have been an apt time to close down an org led by somebody who had stolen from Trade Bank?





www.mjengakenya.blogspot.com

TB

There was a time I wrote a very acid article here about mungiki. It might have been my first contribution to the forum.

Unlike you,I realised that I can make a point without going rancid while arguing. I grew up,moved on and I'm very happy now. You have a very serious mental and emotional issue and for your sake you need to grow up a bit.

There is no argument you bring up here that doesn't end up with a kikuyu angle. I am sorry,TB but your racism and shallow thinking are too obvious to ignore.

I am very specific in my points and go for particular issues in Kenyan banks. i won't be stopping now either. I am very vocal about bad management practises but find no pleasure in it. Any bank going down in this economy will affect even the railway terrorists. Just do yourself and your mental health a favour. Refrain thinking about Kikuyu angles even when you pee and you might get a hug.

However,please bring up your arguments,you might have a few friends here. In the meantime,I am only praying for the day that SK decides to add an ignore button to this forum.

I don't want this thread to disappear before TB returns from his slumber,therefore,here is some more data:

Co-Op Bank

a) Liquidity Ratio 33.1%
b) Minimum Statutory Ratio 20.0%
c) Excess (a-b) 13.1

g) Core capital/total deposit liabilities 18.9%
h) Minimum Statutory Ratio 8.0%
i) Excess 10.9% 2.5%

j) Core capital/total risk weighted assets 22.0%
k) Minimum Statutory Ratio 8.0%
l) Excess (j-k) 14.0%

m) Total capital/total risk weighted assets 23.5%
n) Minimum Statutory Ratio 12.0%
o) Excess (m-n) 11.5%

It is no wonder all the so-called 'big & stable' banks are running scared of Equity's success!

Behind the gardens...Behind the wall...Under the tree (Including: Red...Dark Blue...Yellow)

@Litoro:

Undergrad or postgrad? Anyway,this is not the time to reveal...

Behind the gardens...Behind the wall...Under the tree (Including: Red...Dark Blue...Yellow)

@TB:

OK. You made your case; I made mine.

Let's agree to disagree. Sawa?


Behind the gardens...Behind the wall...Under the tree (Including: Red...Dark Blue...Yellow)