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Price Controls in the Banking Sector?
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the deal
#1 Posted : Monday, June 20, 2011 9:45:10 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
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josiah33
#2 Posted : Monday, June 20, 2011 10:21:51 PM
Rank: Elder

Joined: 1/27/2011
Posts: 1,777
i just hope treasury reigns in the high interest rates on loans. i really am fed up with the banks boasting that they are able to post great returns because they have got cheap money(read customer deposits) which they pay zero interest rates for, money which, they in turn lend at very high interest rates. and they are not ashamed to say this when they announce their billion shillings profits.
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youcan'tstopusnow
#3 Posted : Tuesday, June 21, 2011 3:16:24 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
VVS, you now got your wish. BOTH the oil and financial sectors will be regulated.
Seems 'The Economist' believes they both hold equal weight in terms of importance to the economy
GOD BLESS YOUR LIFE
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Cde Monomotapa
#4 Posted : Tuesday, June 21, 2011 4:29:36 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
In the event controls are set then we will hail banks with regional presence as we do KK over Total Ke.. !! youcan'tstopusnow !!
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hisah
#5 Posted : Tuesday, June 21, 2011 9:55:25 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
the deal wrote:
WTH is going on here??? www.businessdailyafrica..../2/-/j32gvv/-/index.html



Quote:

The twin global financial institutions have however more recently built new bridges with Kenya and kept their cool late last year when the country passed a law to regulate petroleum prices.

Early this year, the IMF gave Kenya a sweet surprise when it announced a $509 million aid programme only weeks after the law regulating petroleum prices came into force.


What does that tell you about fuel prices? Learn to read the news...


$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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VituVingiSana
#6 Posted : Tuesday, June 21, 2011 7:16:07 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,356
Location: Nairobi
Hee hee... I might as well sell ALL my Financials then load up on KK!!! I would not mind 'price controls' on Lending Rates since other sectors are being 'controlled' too!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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guru267
#7 Posted : Tuesday, June 21, 2011 7:34:56 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
VituVingiSana wrote:
Hee hee... I might as well sell ALL my Financials then load up on KK!!! I would not mind 'price controls' on Lending Rates since other sectors are being 'controlled' too!


Price controls on banks rates??? I'll go skiing and ice skating in hell before that can ever come close to happening..
Mark 12:29
Deuteronomy 4:16
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youcan'tstopusnow
#8 Posted : Tuesday, June 21, 2011 8:01:52 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Cde Monomotapa wrote:
In the event controls are set then we will hail banks with regional presence as we do KK over Total Ke.. !! youcan'tstopusnow !!

...and just like KK is pissing on the price controls, I see a couple of banks doing the same and reporting what Impunity likes to call STELLAR results.
Cheaper credit will men more people taking up loans. The sheer volumes will be a boost to the banks.
Lakini I hope haitakuwa as cheap kama ile ya America where the 'average' household has 13 credit cards!!!
GOD BLESS YOUR LIFE
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Impunity
#9 Posted : Tuesday, June 21, 2011 8:14:39 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
@YCSUN,Wacha siasa wewe,STELLAR results speak for themselves...LMAO.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Cde Monomotapa
#10 Posted : Tuesday, June 21, 2011 8:39:22 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
youcan'tstopusnow wrote:
Cde Monomotapa wrote:
In the event controls are set then we will hail banks with regional presence as we do KK over Total Ke.. !! youcan'tstopusnow !!

...and just like KK is pissing on the price controls, I see a couple of banks doing the same and reporting what Impunity likes to call STELLAR results.
Cheaper credit will men more people taking up loans. The sheer volumes will be a boost to the banks.
Lakini I hope haitakuwa as cheap kama ile ya America where the 'average' household has 13 credit cards!!!

Eish! 13 cards is too much. Hapana taka. Infact Obaks has vested interests..anataka tukope toka Deacons Laughing out loudly
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