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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Ericsson wrote:sparkly wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:https://kenyanwallstreet.com/14-lake-region-governors-set-to-acquire-bank-under-economic-bloc/
ourteen governors have said they will acquire an existing bank under the Lake Region Economic Bloc (LREB) to propel their development agenda.
Wycliffe Oparanya, LREB chairman and Governor Kakamega County said ex KCB Group CEO Martin Oduor has been asked to help find a potential bank for the bloc’s project worth Sh2.8 billion.
“We have decided to buy an existing bank instead of establishing a new one, which will take time. […] We want a smaller bank where we have a controlling share,” Oparanya said at Lesavanna Hotel in Kisumu.
Governor Oparanya said the project is at an advanced stage and have discussed the matter over with the Controller of budget, the governor of the Central Bank, and the Auditor General.
They should buy Sidian Bank 
That is a loss making entity with little presence in that zone.
Centum and I just want the cash from the sale of Sidian ;-)
They should convert one of the big Saccos in the region into a bank. If not, merge several saccos and convert into a bank.
This was it will be easier to mobilize deposits and establish a local ethos.
Biggest problem in buying an Indian Bank is to localize it for the Western people.
They can buy credit bank which isn't muhindi bank
Bought by FEP Life is short. Live passionately.
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Rank: Elder Joined: 12/4/2009 Posts: 10,820 Location: NAIROBI
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https://www.businessdail...698434-277y3j/index.htmlWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,820 Location: NAIROBI
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sparkly wrote:Ericsson wrote:sparkly wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:https://kenyanwallstreet.com/14-lake-region-governors-set-to-acquire-bank-under-economic-bloc/
ourteen governors have said they will acquire an existing bank under the Lake Region Economic Bloc (LREB) to propel their development agenda.
Wycliffe Oparanya, LREB chairman and Governor Kakamega County said ex KCB Group CEO Martin Oduor has been asked to help find a potential bank for the bloc’s project worth Sh2.8 billion.
“We have decided to buy an existing bank instead of establishing a new one, which will take time. […] We want a smaller bank where we have a controlling share,” Oparanya said at Lesavanna Hotel in Kisumu.
Governor Oparanya said the project is at an advanced stage and have discussed the matter over with the Controller of budget, the governor of the Central Bank, and the Auditor General.
They should buy Sidian Bank
That is a loss making entity with little presence in that zone.
Centum and I just want the cash from the sale of Sidian ;-)
They should convert one of the big Saccos in the region into a bank. If not, merge several saccos and convert into a bank.
This was it will be easier to mobilize deposits and establish a local ethos.
Biggest problem in buying an Indian Bank is to localize it for the Western people.
They can buy credit bank which isn't muhindi bank
Bought by FEP
If they get a willing buyer they will dispose off their stake Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Ericsson wrote:sparkly wrote:Ericsson wrote:sparkly wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:https://kenyanwallstreet.com/14-lake-region-governors-set-to-acquire-bank-under-economic-bloc/
ourteen governors have said they will acquire an existing bank under the Lake Region Economic Bloc (LREB) to propel their development agenda.
Wycliffe Oparanya, LREB chairman and Governor Kakamega County said ex KCB Group CEO Martin Oduor has been asked to help find a potential bank for the bloc’s project worth Sh2.8 billion.
“We have decided to buy an existing bank instead of establishing a new one, which will take time. […] We want a smaller bank where we have a controlling share,” Oparanya said at Lesavanna Hotel in Kisumu.
Governor Oparanya said the project is at an advanced stage and have discussed the matter over with the Controller of budget, the governor of the Central Bank, and the Auditor General.
They should buy Sidian Bank
That is a loss making entity with little presence in that zone.
Centum and I just want the cash from the sale of Sidian ;-)
They should convert one of the big Saccos in the region into a bank. If not, merge several saccos and convert into a bank.
This was it will be easier to mobilize deposits and establish a local ethos.
Biggest problem in buying an Indian Bank is to localize it for the Western people.
They can buy credit bank which isn't muhindi bank
Bought by FEP
If they get a willing buyer they will dispose off their stake
Best fit with Nyachae connection but i doubt Kithaka and Co will let go
Life is short. Live passionately.
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Rank: Elder Joined: 12/4/2009 Posts: 10,820 Location: NAIROBI
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https://www.businessdail...00966-srofjbz/index.htmlWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 14,321 Location: nairobi
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Why I left Kenya financials at the NSE https://mobile.nation.co...23130-72va2fz/index.html COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 12/4/2009 Posts: 10,820 Location: NAIROBI
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https://www.businessdail...24774-wh3cd2z/index.html
Banks will have to increase their core capital from Sh1 billion to Sh5 billion over the next four years if Parliament adopts new amendments to the Banking Act.
Kiambu Town MP Jude Njomo, the architect of the interest rate capping law, wants banks to have minimum capital of Sh2 billion by December 31, 2019, Sh3.5 billion (2020) and Sh5 billion (2021).
He wants the changes approved through the Finance Bill, 2018 to create stronger banks.
The move is set to force mergers and acquisitions as smaller lenders seek to survive. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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What are your returns since you left Financials? Life is short. Live passionately.
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Rank: Elder Joined: 12/7/2012 Posts: 11,937
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sparkly wrote:
What are your returns since you left Financials?
Financials are OK at NSE, best sector. Pole @Obiero!!! 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: 14,321 Location: nairobi
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Ericsson wrote:https://www.businessdailyafrica.com/economy/Parliament-gets-notice-for-banks-capital-rise-to-Sh5bn/3946234-4724774-wh3cd2z/index.html
Banks will have to increase their core capital from Sh1 billion to Sh5 billion over the next four years if Parliament adopts new amendments to the Banking Act.
Kiambu Town MP Jude Njomo, the architect of the interest rate capping law, wants banks to have minimum capital of Sh2 billion by December 31, 2019, Sh3.5 billion (2020) and Sh5 billion (2021).
He wants the changes approved through the Finance Bill, 2018 to create stronger banks.
The move is set to force mergers and acquisitions as smaller lenders seek to survive.
More drama COOP, IMH, KEGN, KQ, MTNU
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