Wazua
»
Investor
»
Stocks
»
Mwalimu Sacco buys 51pc of ECB
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
murchr wrote:hisah wrote:hisah wrote:Ericsson wrote:@Sober
SOber up gava has stopped the transaction to allow further probe.The sacco might be buying an empty shell Merali to cede control of the bank? Fishy deal. A particular sacco was wanjikud so will read a future headline. That didn't take long...
Equatorial Commercial Bank loss after tax stands at Sh326.4m
Quote:The bank said it set aside a total of Sh880.8 million to cover bad debts, a 915 per cent jump from the Sh87 million it set aside over a similar period the previous year.
Hope mwalimu sacco knows how to swim in shark infested waters.
This NPL shadowy animal still lingers in the KE banking sector. Risk departments at the banks are on toes if their models are right. Caging that animal is taking extra effort... I've been waiting for this bombshell, i believe this is not all... It's interesting how the NPL drama has unravel one year later as the bad loans come home to roost and tanked the banking stocks.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
|
Rank: Member Joined: 2/20/2015 Posts: 400 Location: Nairobi
|
Borrowers default 90pc of Spire Bank loan bookMwalimu Sacco was warned here back in 2015 not to go to bed with Naushad Merali.
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 9,265 Location: NAIROBI
|
Options now is to either shutdown due to non-compliance with statutory ratios or be acquired at bei ya jioni Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 9,265 Location: NAIROBI
|
https://mobile.twitter.c...030908077670400/photo/1
Mwalimu Sacco acquires the remaining 25% ownership of the bank and now fully owns it 100%. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 9,265 Location: NAIROBI
|
Coop bank Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 9,265 Location: NAIROBI
|
Ericsson wrote:https://mobile.twitter.com/moneyacademyKE/status/1343030908077670400/photo/1
Mwalimu Sacco acquires the remaining 25% ownership of the bank and now fully owns it 100%. https://www.theeastafric...ut-of-spire-bank-3242798Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Wazua
»
Investor
»
Stocks
»
Mwalimu Sacco buys 51pc of ECB
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.