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Law Capping interest rates
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actuarywahisa
#2071 Posted : Tuesday, June 27, 2017 5:17:51 PM
Rank: Member

Joined: 5/21/2014
Posts: 184
obiero wrote:
Swenani wrote:
aemathenge wrote:
actuarywahisa wrote:
To convince Obiero out of buying the rate capping stories ni kama kupigia mbuzi guitar.

Should I be offended?

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly

Haha. @mahegoat


Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
There are too many opportunities all around. Open your eyes and maybe you'll spot one
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wukan
#2072 Posted : Wednesday, June 28, 2017 12:55:13 PM
Rank: Veteran

Joined: 11/13/2015
Posts: 1,654
This is one great article the style of writing and research made me feel like I was reading NY Times.

Key highlights
1.that lenders have to do more on the quality of their loan books and any other costs that can be done away with to maintain profitability.

2. as part of adjustments to the law, cost-to-income ratio should not exceed 40 per cent in order to stay positive operationally.(NIC is at 38%)

3. A tenth of all loans issued by banks are not being paid and the gross bad loans now stands at a record Sh228 billion against gross loans of Sh2.3 trillion.

4.lenders should not shy away from the market but instead ensure they get good borrowers. “Because lending business is no longer margin-driven, they need to volumise business through a product-focused approach to lending. (Race to the bottom)

5. “Additionally, price is no longer a competitive factor and lending is now a battle of the good customer. Banks now have to either look for these customers out there or create them.”(Race to the bottom)

6.We still remain in a Darwinian moment when the fittest of Tier Ones and Twos will survive. By appreciating a positioning for the Future the Winners will win big.”

7.As expected, on cost of funds, Tier 2 banks have benefited the most from the introduction of interest rates controls – the spread between highest and lowest rates on deposits has contracted from 4.18 percentage points to 3.40 percentage points in the first quarter of 2017.
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obiero
#2073 Posted : Friday, June 30, 2017 10:52:57 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,236
Location: nairobi
Kenyan banks are officially in danger http://www.businessdaily...993596-jvq3rx/index.html
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obiero
#2074 Posted : Friday, June 30, 2017 11:10:22 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,236
Location: nairobi
obiero wrote:
obiero wrote:
obiero wrote:
obiero wrote:
obiero wrote:
maka wrote:
[quote=obiero][quote=Pesa Nane][quote=obiero][quote=maka]Look at this;

This month the Central Bank of Kenya offered a 10 year Treasury Bond for a total amount of up to Kshs 25 Billion. The total number of bids received was 795 amounting to Kshs 26.31 Billion. The Weighted average rate for successful bids was 15.039%

Coupon 15.039% crazy...even after WHT its good cash

I spoke to the president and his take was that the government shall pull down borrowing rates for itself, which is a good thing.. Expect government to obtain cheap credit. Watch the tbill rate slide down in coming months. We live in good times

Congrats for speaking with @citizen001 but you should have asked him how the "government shall pull down borrowing rates for itself" when in fact we know the rates are market driven (through auctions)

Beg to differ. The auctions are driven mainly by banks.. Now that banks are pushed to the wall on consumer lending, expect government to show a stiff hand


Rates at the auction won't come down anytime soon....that 10 year was just a start.

91, 182, 364 day bills all down.. Expect the shorter tenor to hit 6.5% by December.. As per Graham's law, the bulls at the NSE must show up shortly.. http://www.businessdaily...4800-b0eb44z/index.html[/quote]


Government stiff hand now visible with the last few failed auctions.. The NSE rally is nigh http://www.businessdaily...98768-c6waci/index.html[/quote]
I spoke to the president

Here we are http://www.businessdaily...9230-geckqhz/index.html[/quote]
Since late 1800 Graham's law has never been found false. NSE index approaches 3,200 on a multi month rally http://www.businessdaily...21646-ywcses/index.html[/quote]
Quote verbatim in today's daily "Government lending up.The CBK data also shows that while private sector credit growth has fallen, banks have significantly increased their lending to government.
Credit to government grew 7.1 per cent on an annualised basis at the end of March, recovering from negative growth in the second half of 2016.
Credit to other public sector borrowers such as parastatals and local (county) government units grew by 28.3 per cent in the period." Full link http://www.businessdaily...993596-jvq3rx/index.html
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obiero
#2075 Posted : Friday, June 30, 2017 11:19:12 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,236
Location: nairobi
Quote verbatim in today's daily "Government lending up.The CBK data also shows that while private sector credit growth has fallen, banks have significantly increased their lending to government.
Credit to government grew 7.1 per cent on an annualised basis at the end of March, recovering from negative growth in the second half of 2016.
Credit to other public sector borrowers such as parastatals and local (county) government units grew by 28.3 per cent in the period." Full link http://www.businessdaily...993596-jvq3rx/index.html
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actuarywahisa
#2076 Posted : Friday, June 30, 2017 12:08:46 PM
Rank: Member

Joined: 5/21/2014
Posts: 184
obiero wrote:
obiero wrote:
obiero wrote:
obiero wrote:
obiero wrote:
obiero wrote:
[quote=maka][quote=obiero][quote=Pesa Nane][quote=obiero][quote=maka]Look at this;

This month the Central Bank of Kenya offered a 10 year Treasury Bond for a total amount of up to Kshs 25 Billion. The total number of bids received was 795 amounting to Kshs 26.31 Billion. The Weighted average rate for successful bids was 15.039%

Coupon 15.039% crazy...even after WHT its good cash

I spoke to the president and his take was that the government shall pull down borrowing rates for itself, which is a good thing.. Expect government to obtain cheap credit. Watch the tbill rate slide down in coming months. We live in good times

Congrats for speaking with @citizen001 but you should have asked him how the "government shall pull down borrowing rates for itself" when in fact we know the rates are market driven (through auctions)

Beg to differ. The auctions are driven mainly by banks.. Now that banks are pushed to the wall on consumer lending, expect government to show a stiff hand


Rates at the auction won't come down anytime soon....that 10 year was just a start.

91, 182, 364 day bills all down.. Expect the shorter tenor to hit 6.5% by December.. As per Graham's law, the bulls at the NSE must show up shortly.. http://www.businessdaily...4800-b0eb44z/index.html[/quote]


Government stiff hand now visible with the last few failed auctions.. The NSE rally is nigh http://www.businessdaily...98768-c6waci/index.html[/quote]
I spoke to the president

Here we are http://www.businessdaily...9230-geckqhz/index.html[/quote]
Since late 1800 Graham's law has never been found false. NSE index approaches 3,200 on a multi month rally http://www.businessdaily...21646-ywcses/index.html[/quote]
Quote verbatim in today's daily "Government lending up.The CBK data also shows that while private sector credit growth has fallen, banks have significantly increased their lending to government.
Credit to government grew 7.1 per cent on an annualised basis at the end of March, recovering from negative growth in the second half of 2016.
Credit to other public sector borrowers such as parastatals and local (county) government units grew by 28.3 per cent in the period." Full link http://www.businessdaily...93596-jvq3rx/index.html[/quote]

Obiero replies to Obiero who replied to Obiero who replied to Obiero who replied to Obiero who replied to Obiero who replied to ...guess who? You guessed it! .... Obiero!

Baba hii mambo ya rate cap it seems you are enjoying a monologue. d'oh!
There are too many opportunities all around. Open your eyes and maybe you'll spot one
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obiero
#2077 Posted : Friday, June 30, 2017 12:12:33 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,236
Location: nairobi
actuarywahisa wrote:
obiero wrote:
obiero wrote:
obiero wrote:
obiero wrote:
obiero wrote:
obiero wrote:
[quote=maka][quote=obiero][quote=Pesa Nane][quote=obiero][quote=maka]Look at this;

This month the Central Bank of Kenya offered a 10 year Treasury Bond for a total amount of up to Kshs 25 Billion. The total number of bids received was 795 amounting to Kshs 26.31 Billion. The Weighted average rate for successful bids was 15.039%

Coupon 15.039% crazy...even after WHT its good cash

I spoke to the president and his take was that the government shall pull down borrowing rates for itself, which is a good thing.. Expect government to obtain cheap credit. Watch the tbill rate slide down in coming months. We live in good times

Congrats for speaking with @citizen001 but you should have asked him how the "government shall pull down borrowing rates for itself" when in fact we know the rates are market driven (through auctions)

Beg to differ. The auctions are driven mainly by banks.. Now that banks are pushed to the wall on consumer lending, expect government to show a stiff hand


Rates at the auction won't come down anytime soon....that 10 year was just a start.

91, 182, 364 day bills all down.. Expect the shorter tenor to hit 6.5% by December.. As per Graham's law, the bulls at the NSE must show up shortly.. http://www.businessdaily...4800-b0eb44z/index.html[/quote]


Government stiff hand now visible with the last few failed auctions.. The NSE rally is nigh http://www.businessdaily...98768-c6waci/index.html[/quote]
I spoke to the president

Here we are http://www.businessdaily...9230-geckqhz/index.html[/quote]
Since late 1800 Graham's law has never been found false. NSE index approaches 3,200 on a multi month rally http://www.businessdaily...21646-ywcses/index.html[/quote]
Quote verbatim in today's daily "Government lending up.The CBK data also shows that while private sector credit growth has fallen, banks have significantly increased their lending to government.
Credit to government grew 7.1 per cent on an annualised basis at the end of March, recovering from negative growth in the second half of 2016.
Credit to other public sector borrowers such as parastatals and local (county) government units grew by 28.3 per cent in the period." Full link http://www.businessdaily...93596-jvq3rx/index.html[/quote]

Obiero replies to Obiero who replied to Obiero who replied to Obiero who replied to Obiero who replied to Obiero who replied to ...guess who? You guessed it! .... Obiero!

Baba hii mambo ya rate cap it seems you are enjoying a monologue. d'oh!

Thanks for breaking the monologue.. Lol
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wukan
#2078 Posted : Friday, June 30, 2017 12:13:34 PM
Rank: Veteran

Joined: 11/13/2015
Posts: 1,654
obiero wrote:
Quote verbatim in today's daily "Government lending up.The CBK data also shows that while private sector credit growth has fallen, banks have significantly increased their lending to government.
Credit to government grew 7.1 per cent on an annualised basis at the end of March, recovering from negative growth in the second half of 2016.
Credit to other public sector borrowers such as parastatals and local (county) government units grew by 28.3 per cent in the period." Full link http://www.businessdaily...993596-jvq3rx/index.html


The making of a Greek tragedy. Private sector recession versus public sector big appetite. It never ends well but still early days.
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obiero
#2079 Posted : Friday, June 30, 2017 12:28:27 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,236
Location: nairobi
wukan wrote:
obiero wrote:
Quote verbatim in today's daily "Government lending up.The CBK data also shows that while private sector credit growth has fallen, banks have significantly increased their lending to government.
Credit to government grew 7.1 per cent on an annualised basis at the end of March, recovering from negative growth in the second half of 2016.
Credit to other public sector borrowers such as parastatals and local (county) government units grew by 28.3 per cent in the period." Full link http://www.businessdaily...993596-jvq3rx/index.html


The making of a Greek tragedy. Private sector recession versus public sector big appetite. It never ends well but still early days.

The free secondary education policy promise will be the end of us. GoK already asking for additional 4.8B via makiba II http://www.businessdaily...993800-t30u03/index.html
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  | | Edit by user: Friday, June 30, 2017 12:35 PM | Reason: Not specified
wazuaguest
#2080 Posted : Monday, July 03, 2017 8:05:17 AM
Rank: Member

Joined: 2/9/2012
Posts: 576
SIdian CEO to exit
http://www.businessdaily...96744-q0gtb4z/index.html
Africa belongs to Africans.
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