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Law Capping interest rates
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Monk wrote:Angelica _ann wrote:I hope the reversal of interest rate cap will improve CBK T-bill and T-bond rates. Those in the know, what do you think/any comment? CBK has no choice but to improve those rates, if the Big 4 Agenda is still on the table...it's the only way to compete for funds with the private sector. @Monk we have been waiting for this reversal for like 2- 3 years now... For sure Opus Dei has done a good job with keeping the rates low and govt still gets its' fill at auctions plus even goes further to reject higher rates. @AA I believe rates will turn but it will all be dependent on how the new structure post repeal will be ( for lack of a better word)... If banks will stop going heavy on bonds we will most def see way better rates CBK will have to adjust upwards at primaries to attract investors... Rem we were here when the 1 yr bond touched 22% thanks to Prof...We still have bonds with coupon payments of 14% issued around that time.... possunt quia posse videntur
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Rank: Elder Joined: 3/19/2010 Posts: 3,504 Location: Uganda
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old loans should remain capped.. they can lend new loans at 1001% if they want.otherwise it would be fraudulent to increase the rates for those who took loans based on stable rates punda amecheka
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Rank: Chief Joined: 1/3/2007 Posts: 18,097 Location: Nairobi
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Superprime1 wrote:Ericsson wrote:[quote=Sufficiently Philanga....thropic]Back to laissez faire......as Ouru reportedly refuses to sign the Finance Bill until the rate cap is axed, according to CBG Njoroge  https://www.bloomberg.co...twitter_impression=true[/quote] News you don't find on business daily It's on the front-page, Business Daily today -- or which one are you reading? @ericsson - ???? Which version of BD do you read? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,097 Location: Nairobi
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Fyatu wrote:which bank at current prices will deliver > 5 bagger?I dont see KCB and Equity rallying x5times i.e., There is no way KCB and Equity will rally to 200bob. Thus i repeat the question....which listed bank will deliver greater than 5 bagger? Lets speculate After ARM you still want to speculate?  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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VituVingiSana wrote:Fyatu wrote:which bank at current prices will deliver > 5 bagger?I dont see KCB and Equity rallying x5times i.e., There is no way KCB and Equity will rally to 200bob. Thus i repeat the question....which listed bank will deliver greater than 5 bagger? Lets speculate After ARM you still want to speculate? KCB is easily a 2-3 bagger
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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Rank: Elder Joined: 6/23/2009 Posts: 13,501 Location: nairobi
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NCBA may just be the one
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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The president is tired,he is good at whipping,let's wait and see "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 10/29/2008 Posts: 1,566
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newfarer wrote:old loans should remain capped.. they can lend new loans at 1001% if they want.otherwise it would be fraudulent to increase the rates for those who took loans based on stable rates Good to see that you have FINALLY accepted the truism that has always been in plain sight. Isuni yilu yi maa me muyo - ni Mbisuu
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Rank: Elder Joined: 7/22/2009 Posts: 7,452
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newfarer wrote:old loans should remain capped.. they can lend new loans at 1001% if they want.otherwise it would be fraudulent to increase the rates for those who took loans based on stable rates Eating you cake and having it??? No? When the rates were introduced, everyone said the rates MUST apply to all loans including the old ones! And this was forced through. Now the shoe is on the other foot!! Of course the banks will most probably be forced to retain old rates after the repeal especially given that most MPigs are in debt to the neck but that is totally insincere. But then again this is Kenya! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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MaichBlack wrote:newfarer wrote:old loans should remain capped.. they can lend new loans at 1001% if they want.otherwise it would be fraudulent to increase the rates for those who took loans based on stable rates Eating you cake and having it??? No? When the rates were introduced, everyone said the rates MUST apply to all loans including the old ones! And this was forced through. Now the shoe is on the other foot!! Of course the banks will most probably be forced to retain old rates after the repeal especially given that most MPigs are in debt to the neck but that is totally insincere. But then again this is Kenya! Yes this is Kenya! People take both sides of the argument all the time when it can only be true for one.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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MaichBlack wrote:newfarer wrote:old loans should remain capped.. they can lend new loans at 1001% if they want.otherwise it would be fraudulent to increase the rates for those who took loans based on stable rates Eating you cake and having it??? No? When the rates were introduced, everyone said the rates MUST apply to all loans including the old ones! And this was forced through. Now the shoe is on the other foot!! Of course the banks will most probably be forced to retain old rates after the repeal especially given that most MPigs are in debt to the neck but that is totally insincere. But then again this is Kenya! And if the banks go to court, the precedent of changing the rates for all loans may be enforced. Anything can happen "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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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Rank: Veteran Joined: 4/23/2014 Posts: 909
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murchr wrote:MaichBlack wrote:newfarer wrote:old loans should remain capped.. they can lend new loans at 1001% if they want.otherwise it would be fraudulent to increase the rates for those who took loans based on stable rates Eating you cake and having it??? No? When the rates were introduced, everyone said the rates MUST apply to all loans including the old ones! And this was forced through. Now the shoe is on the other foot!! Of course the banks will most probably be forced to retain old rates after the repeal especially given that most MPigs are in debt to the neck but that is totally insincere. But then again this is Kenya! And if the banks go to court, the precedent of changing the rates for all loans may be enforced. Anything can happen I doubt they would be hostile. Odds are they would be as friendly as possible even giving new loans at very affordable rates making the old loan takers to topup, then a year or 2 later the circus begins. “You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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Will the repeal in interest rates cap law have an effect on Fuliza which the president called digital shylocks Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Ericsson wrote:Will the repeal in interest rates cap law have an effect on Fuliza which the president called digital shylocks ofcoz they are digital shylocks when you compute the interest "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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FUNKY wrote:https://www.nation.co.ke/news/MPs-to-defy-Uhuru-over-loan-rate-caps/1056-5315586-15j4ggtz/index.html In the spirit of the handshake will the president be overpowered?can they raise two thirds to fight back....I want this thing abolished so that the nse can start recovering,the banks contributed the most in bringing down the market ....defend where your mouth is "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/22/2009 Posts: 7,452
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FUNKY wrote:https://www.nation.co.ke/news/MPs-to-defy-Uhuru-over-loan-rate-caps/1056-5315586-15j4ggtz/index.html ^ Good luck to them Marshalling the required 2/3 majority!! They are just politicking and they know it. Most of these cowards will not even be in the house when the vote is taken. CBK + Treasury + President vs MPigs!!! Good luck with that. And the President just requires 1/3 (which includes all absentees!!). Do the Math. Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 7/22/2009 Posts: 7,452
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whiteowl wrote:MaichBlack wrote:newfarer wrote:old loans should remain capped.. they can lend new loans at 1001% if they want.otherwise it would be fraudulent to increase the rates for those who took loans based on stable rates Eating you cake and having it??? No? When the rates were introduced, everyone said the rates MUST apply to all loans including the old ones! And this was forced through. Now the shoe is on the other foot!! Of course the banks will most probably be forced to retain old rates after the repeal especially given that most MPigs are in debt to the neck but that is totally insincere. But then again this is Kenya! Yes this is Kenya! People take both sides of the argument all the time when it can only be true for one. Absolutely no shame!!! How "we" take both sides of an argument when it suits us totally baffles me! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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