Wazua
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KCB buy buy buy
Rank: Member Joined: 7/10/2014 Posts: 145 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 Consolidation of banks looks now eminent.Can Memba consider buying back HFC.  "Blowing out someone else candle won't make yours shine brighter"-Anonymous
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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jgithige wrote: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 Consolidation of banks looks now eminent.Can Memba consider buying back HFC. Buying back????? 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: Member Joined: 7/10/2014 Posts: 145 Location: Nairobi
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Angelica _ann wrote:jgithige wrote: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 Consolidation of banks looks now eminent.Can Memba consider buying back HFC. Buying back????? Yes in quotes "Blowing out someone else candle won't make yours shine brighter"-Anonymous
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Rank: Elder Joined: 10/18/2008 Posts: 3,434 Location: Kerugoya
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Wooiii How do we prevent The Man From Opus Dei from seeing this? Quote:South Africa’s Reserve Bank has guided banks to put dividends and executive bonuses on hold to help reduce stress on the banking sector from fighting Covid19.
For more on this recommendation as well as other directives to ensure the health of the sector, CNBC Africa is joined by Unathi Kamlana, Head of Policy Statistics and Industry Support at the Prudential Authority. https://www.cnbcafrica.c...vidends-bonuses-on-hold/
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Rank: Member Joined: 9/14/2011 Posts: 869 Location: nairobi
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[quote=aemathenge]Wooiii How do we prevent The Man From Opus Dei from seeing this? Quote:South Africa’s Reserve Bank has guided banks to put dividends and executive bonuses on hold to help reduce stress on the banking sector from fighting Covid19.
For more on this recommendation as well as other directives to ensure the health of the sector, CNBC Africa is joined by Unathi Kamlana, Head of Policy Statistics and Industry Support at the Prudential Authority. https://www.cnbcafrica.c...idends-bonuses-on-hold/[/quote] Last nail in the coffin. This is the time we need those dividends
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Rank: Member Joined: 6/26/2008 Posts: 399
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heri wrote:[quote=aemathenge]Wooiii How do we prevent The Man From Opus Dei from seeing this? Quote:South Africa’s Reserve Bank has guided banks to put dividends and executive bonuses on hold to help reduce stress on the banking sector from fighting Covid19.
For more on this recommendation as well as other directives to ensure the health of the sector, CNBC Africa is joined by Unathi Kamlana, Head of Policy Statistics and Industry Support at the Prudential Authority. https://www.cnbcafrica.c...idends-bonuses-on-hold/[/quote] Last nail in the coffin. This is the time we need those dividends 
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Rank: Elder Joined: 10/18/2008 Posts: 3,434 Location: Kerugoya
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The Man From Opus Dei Is On Steroids. Sometimes I wish He Was The President Of This Country. Quote:CBK orders banks’ chiefs succession plan over coronavirus fears
THURSDAY, APRIL 9, 2020 7:45
The Central Bank of Kenya (CBK) has ordered banks to provide a list of executives and directors who will replace sitting top managers, including CEOs, in the event that Coronavirus hits the current teams.
In a circular to all lenders, the regulator has asked the boards of banks to oversee succession planning policies, staff testing and isolation and prepare for transfer of power if executives and key directors are unavailable to discharge their duties due to illness related to the Coronavirus pandemic.
Temporary succession planning has become a pressing issue across the globe in recent weeks as companies prepare for the possibility of top executives coming down with the infectious virus.
CBK had given banks up to Monday this week to provide the succession plan as part of contingency measures that would ensure banks operate at near normal levels amid the spread of coronavirus. Source: The Business Daily: https://www.businessdail...8338-tehc1az/index.html
So, in the event that, God forbid, Joshua Nyamweya Oigara was taken ill, who would take the hot seat? Side Note. Mr Oigara is only 45 years of age. Damn ! Quote:From Wikipedia, the free encyclopedia
Joshua Nyamweya Oigara (born 1975, Kisii, Kenya) is the current Group Chief Executive Officer of the Kenya Commercial Bank Group, the biggest banking group in Kenya by asset base.
At age 37, his appointment in November 2012 to replace the outgoing CEO Martin Oduor-Otieno made him the youngest CEO of a publicly traded bank at the NSE.
Prior to his appointment, he served as Chief Financial Officer and Member of the Board of Directors of the Company between January 12, 2012 and January 2013.
He also served as Group Chief Financial Officer at KCB Bank Group for East Africa.
He joined the Bank in November 2011 from Bamburi Cement where he served as Group Financial Director and Chief Financial Officer for the East Africa region.
Oigara holds a Bachelor of Commerce degree from University of Nairobi and Master of Business Administration from Edith Cowan University and a host of other qualifications. Source: https://en.wikipedia.org/wiki/Joshua_Oigara
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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[quote=aemathenge]Wooiii How do we prevent The Man From Opus Dei from seeing this? Quote:South Africa’s Reserve Bank has guided banks to put dividends and executive bonuses on hold to help reduce stress on the banking sector from fighting Covid19.
For more on this recommendation as well as other directives to ensure the health of the sector, CNBC Africa is joined by Unathi Kamlana, Head of Policy Statistics and Industry Support at the Prudential Authority. https://www.cnbcafrica.c...idends-bonuses-on-hold/[/quote] South Africa Standard Bank reaffirms payment of 2019 dividend Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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Ericsson wrote:[quote=aemathenge]Wooiii How do we prevent The Man From Opus Dei from seeing this? Quote:South Africa’s Reserve Bank has guided banks to put dividends and executive bonuses on hold to help reduce stress on the banking sector from fighting Covid19.
For more on this recommendation as well as other directives to ensure the health of the sector, CNBC Africa is joined by Unathi Kamlana, Head of Policy Statistics and Industry Support at the Prudential Authority. https://www.cnbcafrica.c...idends-bonuses-on-hold/[/quote] South Africa Standard Bank reaffirms payment of 2019 dividend KCB ought to pay dividends earlier like COOP. I’m too broke 😳
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Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale
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Horton wrote:Ericsson wrote:[quote=aemathenge]Wooiii How do we prevent The Man From Opus Dei from seeing this? Quote:South Africa’s Reserve Bank has guided banks to put dividends and executive bonuses on hold to help reduce stress on the banking sector from fighting Covid19.
For more on this recommendation as well as other directives to ensure the health of the sector, CNBC Africa is joined by Unathi Kamlana, Head of Policy Statistics and Industry Support at the Prudential Authority. https://www.cnbcafrica.c...idends-bonuses-on-hold/[/quote] South Africa Standard Bank reaffirms payment of 2019 dividend KCB ought to pay dividen ds earlier like COOP. I’m too broke 😳 Book closure is on 27th. lets wait for an announcement shortly after that.im sure tutapata dividend next month. Towards the goal of financial freedom
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