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Rank: Member Joined: 1/22/2015 Posts: 682
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Ericsson wrote:KCB has put English Point Marina under it's management.
It's having difficulties repaying the loan What's the source of this info?
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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obiero wrote:VituVingiSana wrote:Ericsson wrote:KCB has put English Point Marina under it's management.
It's having difficulties repaying the loan It has been suffering for a while. COVID was the final nail in the coffin. The sad reality is that more and more businesses shall crumble in the coming weeks The spike in NPLs is going to hurt the banking industry Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
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Ericsson wrote:obiero wrote:VituVingiSana wrote:Ericsson wrote:KCB has put English Point Marina under it's management.
It's having difficulties repaying the loan It has been suffering for a while. COVID was the final nail in the coffin. The sad reality is that more and more businesses shall crumble in the coming weeks The spike in NPLs is going to hurt the banking industry True. Plus regardless of the drop in CBR, banks simply wont lend to most segments. Extremely tough times coming up
KQ ABP 4.26
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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obiero wrote:Ericsson wrote:obiero wrote:VituVingiSana wrote:Ericsson wrote:KCB has put English Point Marina under it's management.
It's having difficulties repaying the loan It has been suffering for a while. COVID was the final nail in the coffin. The sad reality is that more and more businesses shall crumble in the coming weeks The spike in NPLs is going to hurt the banking industry True. Plus regardless of the drop in CBR, banks simply wont lend to most segments. Extremely tough times coming up Diversified (KCB, NCBA and Coop, Equity???) and traditional (ABSA and Stanchart) banks will survive the storm. 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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Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
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Angelica _ann wrote:obiero wrote:Ericsson wrote:obiero wrote:VituVingiSana wrote:Ericsson wrote:KCB has put English Point Marina under it's management.
It's having difficulties repaying the loan It has been suffering for a while. COVID was the final nail in the coffin. The sad reality is that more and more businesses shall crumble in the coming weeks The spike in NPLs is going to hurt the banking industry True. Plus regardless of the drop in CBR, banks simply wont lend to most segments. Extremely tough times coming up Diversified (KCB, NCBA and Coop, Equity???) and traditional (ABSA and Stanchart) banks will survive the storm. None of the tier 1 shall collapse or something soo extreme, but provisions shall undoubtedly hit their bottom line. Some more smaller banks will close shop
KQ ABP 4.26
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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obiero wrote:Angelica _ann wrote:obiero wrote:Ericsson wrote:obiero wrote:VituVingiSana wrote:Ericsson wrote:KCB has put English Point Marina under it's management.
It's having difficulties repaying the loan It has been suffering for a while. COVID was the final nail in the coffin. The sad reality is that more and more businesses shall crumble in the coming weeks The spike in NPLs is going to hurt the banking industry True. Plus regardless of the drop in CBR, banks simply wont lend to most segments. Extremely tough times coming up Diversified (KCB, NCBA and Coop, Equity???) and traditional (ABSA and Stanchart) banks will survive the storm. None of the tier 1 shall collapse or something soo extreme, but provisions shall undoubtedly hit their bottom line. Some more smaller banks will close shop Spire bank is shopping for a suitor Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
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Ericsson wrote:obiero wrote:Angelica _ann wrote:obiero wrote:Ericsson wrote:obiero wrote:VituVingiSana wrote:Ericsson wrote:KCB has put English Point Marina under it's management.
It's having difficulties repaying the loan It has been suffering for a while. COVID was the final nail in the coffin. The sad reality is that more and more businesses shall crumble in the coming weeks The spike in NPLs is going to hurt the banking industry True. Plus regardless of the drop in CBR, banks simply wont lend to most segments. Extremely tough times coming up Diversified (KCB, NCBA and Coop, Equity???) and traditional (ABSA and Stanchart) banks will survive the storm. None of the tier 1 shall collapse or something soo extreme, but provisions shall undoubtedly hit their bottom line. Some more smaller banks will close shop Spire bank is shopping for a suitor We will go sub 29 banks before end of this year. In reality we only need 15 maximum
KQ ABP 4.26
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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obiero wrote:Ericsson wrote:obiero wrote:Angelica _ann wrote:obiero wrote:Ericsson wrote:obiero wrote:VituVingiSana wrote:Ericsson wrote:KCB has put English Point Marina under it's management.
It's having difficulties repaying the loan It has been suffering for a while. COVID was the final nail in the coffin. The sad reality is that more and more businesses shall crumble in the coming weeks The spike in NPLs is going to hurt the banking industry True. Plus regardless of the drop in CBR, banks simply wont lend to most segments. Extremely tough times coming up Diversified (KCB, NCBA and Coop, Equity???) and traditional (ABSA and Stanchart) banks will survive the storm. None of the tier 1 shall collapse or something soo extreme, but provisions shall undoubtedly hit their bottom line. Some more smaller banks will close shop Spire bank is shopping for a suitor We will go sub 29 banks before end of this year. In reality we only need 15 maximum What about HFCK,will it survive Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
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Ericsson wrote:obiero wrote:Ericsson wrote:obiero wrote:Angelica _ann wrote:obiero wrote:Ericsson wrote:obiero wrote:VituVingiSana wrote:Ericsson wrote:KCB has put English Point Marina under it's management.
It's having difficulties repaying the loan It has been suffering for a while. COVID was the final nail in the coffin. The sad reality is that more and more businesses shall crumble in the coming weeks The spike in NPLs is going to hurt the banking industry True. Plus regardless of the drop in CBR, banks simply wont lend to most segments. Extremely tough times coming up Diversified (KCB, NCBA and Coop, Equity???) and traditional (ABSA and Stanchart) banks will survive the storm. None of the tier 1 shall collapse or something soo extreme, but provisions shall undoubtedly hit their bottom line. Some more smaller banks will close shop Spire bank is shopping for a suitor We will go sub 29 banks before end of this year. In reality we only need 15 maximum What about HFCK,will it survive Real estate lending is secured. Had HF been a commercial lender, it would have folded up three years ago. To answer your question, it will be tough because some families shall be affected by job loses and uptake of auctioned properties shall be slow. It could die, but not a quick death
KQ ABP 4.26
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Rank: Veteran Joined: 8/10/2014 Posts: 992 Location: Kenya
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Ericsson wrote:KCB has put English Point Marina under it's management.
It's having difficulties repaying the loan "Only when the tide goes out do you discover who's been swimming naked"... we starting to see that happening now that the tide is going out
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