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Wai!! it is a blood bath, kcb, coop, equity down 9%
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maka
#271 Posted : Tuesday, August 30, 2016 12:18:12 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
obiero wrote:
maka wrote:
obiero wrote:
watesh wrote:
mlennyma wrote:
watesh wrote:
The demand has shot up massively. Supply drying up

Signs were clear yesterday, many wazuans have no intention of buying anything, however this reverse will depend on the banks Q3 and Q4 we might see a second adjustment if the effect is steep

Q3 will be solid results. Q4 and H1 2017 will be a taste of the new law if old loans are repriced to 14.5%

This will not happen. Old loans cannot be renegotiated arbitrarily. It will be challenged in court



What are you smoking?

What on earth would make a bank renegotiate a 25 year mortgage to a lower rate.. Trust me that will not happen without a big fight and international industrial law has sufficient citations contrary.. It will not happen


Does the standard loan agreement have a clause that deals with what happens in case the law changes substantially altering material clauses of the loan?

possunt quia posse videntur
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obiero
#272 Posted : Tuesday, August 30, 2016 12:36:37 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,226
Location: nairobi
maka wrote:
obiero wrote:
maka wrote:
obiero wrote:
watesh wrote:
mlennyma wrote:
watesh wrote:
The demand has shot up massively. Supply drying up

Signs were clear yesterday, many wazuans have no intention of buying anything, however this reverse will depend on the banks Q3 and Q4 we might see a second adjustment if the effect is steep

Q3 will be solid results. Q4 and H1 2017 will be a taste of the new law if old loans are repriced to 14.5%

This will not happen. Old loans cannot be renegotiated arbitrarily. It will be challenged in court



What are you smoking?

What on earth would make a bank renegotiate a 25 year mortgage to a lower rate.. Trust me that will not happen without a big fight and international industrial law has sufficient citations contrary.. It will not happen


Does the standard loan agreement have a clause that deals with what happens in case the law changes substantially altering material clauses of the loan?


It does.. The bank has discretion to call up the debt at once in case of material deviation in initial sums/interest owed.. This will imply shorter tenors at best which may lead to higher NPLs..

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  | | Edit by user: Tuesday, August 30, 2016 12:41 PM | Reason: Not specified
mlennyma
#273 Posted : Tuesday, August 30, 2016 12:38:35 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Equity bado kuna vita the buyers and seller's are yet to settle on a deal
"Don't let the fear of losing be greater than the excitement of winning."
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Impunity
#274 Posted : Tuesday, August 30, 2016 12:40:08 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
maka wrote:
obiero wrote:
maka wrote:
obiero wrote:
watesh wrote:
mlennyma wrote:
watesh wrote:
The demand has shot up massively. Supply drying up

Signs were clear yesterday, many wazuans have no intention of buying anything, however this reverse will depend on the banks Q3 and Q4 we might see a second adjustment if the effect is steep

Q3 will be solid results. Q4 and H1 2017 will be a taste of the new law if old loans are repriced to 14.5%

This will not happen. Old loans cannot be renegotiated arbitrarily. It will be challenged in court



What are you smoking?

What on earth would make a bank renegotiate a 25 year mortgage to a lower rate.. Trust me that will not happen without a big fight and international industrial law has sufficient citations contrary.. It will not happen


Does the standard loan agreement have a clause that deals with what happens in case the law changes substantially altering material clauses of the loan?



No.
I have never seen one.
But terms and conditions apply.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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obiero
#275 Posted : Tuesday, August 30, 2016 12:43:56 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,226
Location: nairobi
mlennyma wrote:
obiero wrote:
watesh wrote:
mlennyma wrote:
watesh wrote:
The demand has shot up massively. Supply drying up

Signs were clear yesterday, many wazuans have no intention of buying anything, however this reverse will depend on the banks Q3 and Q4 we might see a second adjustment if the effect is steep

Q3 will be solid results. Q4 and H1 2017 will be a taste of the new law if old loans are repriced to 14.5%

This will not happen. Old loans cannot be renegotiated arbitrarily. It will be challenged in court

and some mps are very bitter about banks to even pay free legal fees to any complainants

LOL. Which MP are you referring to.. The Kenyan ones are broke and have loose morals.. Can't challenge banks incase they decided to buy them off

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mlennyma
#276 Posted : Tuesday, August 30, 2016 12:51:42 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
obiero wrote:
mlennyma wrote:
obiero wrote:
watesh wrote:
mlennyma wrote:
watesh wrote:
The demand has shot up massively. Supply drying up

Signs were clear yesterday, many wazuans have no intention of buying anything, however this reverse will depend on the banks Q3 and Q4 we might see a second adjustment if the effect is steep

Q3 will be solid results. Q4 and H1 2017 will be a taste of the new law if old loans are repriced to 14.5%

This will not happen. Old loans cannot be renegotiated arbitrarily. It will be challenged in court

and some mps are very bitter about banks to even pay free legal fees to any complainants

LOL. Which MP are you referring to.. The Kenyan ones are broke and have loose morals.. Can't challenge banks incase they decided to buy them off

that gem brother is smoking fire
"Don't let the fear of losing be greater than the excitement of winning."
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watesh
#277 Posted : Tuesday, August 30, 2016 12:51:57 PM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
Goldilocks Reloaded wrote:
I am not a prophet like @Obiero but as i said yesterday the bottom is nigh. The banks may still experience selling pressure as the bears especially the foreigners rush to sell to the new bulls but the price should stabilise here before heading up (depending on the results of course).

On another note; someone educate me (not a guru in this), in UK and other such countries where interest rate margins are very small, how do the likes of BBK and SCBK make their profits?

CREDIT CARDS thats where the margins are. 242 million credit card purchase were made in the UK in just November. 45% of the amount spend incurred interest. Average interest rates are 10.4%.
In the US the most profitable banks Jp Morgan Chase, Wells Fargo, Citigroup have a large portion of income from investment banking.
Lets look at JP Morgan & Chase which owns the Chase brand in the US which big in retail banking and credit cards. Over 60 million households.
45% of their revenue was from retail banking (general mwananchi products like credit cards, loans, mortgages etc)
35% from investment banking
13% from asset management
7% from commercial and corporate banking

Generally in terms of income 46% is from net interest income while 54% is from non interest income (fees)
In Wells Fargo (biggest in retail) 53% net interest income while 47% non interest income
35%
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watesh
#278 Posted : Tuesday, August 30, 2016 12:58:56 PM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
obiero wrote:
watesh wrote:
mlennyma wrote:
watesh wrote:
The demand has shot up massively. Supply drying up

Signs were clear yesterday, many wazuans have no intention of buying anything, however this reverse will depend on the banks Q3 and Q4 we might see a second adjustment if the effect is steep

Q3 will be solid results. Q4 and H1 2017 will be a taste of the new law if old loans are repriced to 14.5%

This will not happen. Old loans cannot be renegotiated arbitrarily. It will be challenged in court

If they dont reprice the old loans, the customer will move to another bank get a cheaper loan and pay off that expensive one.
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Impunity
#279 Posted : Tuesday, August 30, 2016 12:59:56 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
watesh wrote:
Goldilocks Reloaded wrote:
I am not a prophet like @Obiero but as i said yesterday the bottom is nigh. The banks may still experience selling pressure as the bears especially the foreigners rush to sell to the new bulls but the price should stabilise here before heading up (depending on the results of course).

On another note; someone educate me (not a guru in this), in UK and other such countries where interest rate margins are very small, how do the likes of BBK and SCBK make their profits?

CREDIT CARDS thats where the margins are. 242 million credit card purchase were made in the UK in just November. 45% of the amount spend incurred interest. Average interest rates are 10.4%.
In the US the most profitable banks Jp Morgan Chase, Wells Fargo, Citigroup have a large portion of income from investment banking.
Lets look at JP Morgan & Chase which owns the Chase brand in the US which big in retail banking and credit cards. Over 60 million households.
45% of their revenue was from retail banking (general mwananchi products like credit cards, loans, mortgages etc)
35% from investment banking
13% from asset management
7% from commercial and corporate banking

Generally in terms of income 46% is from net interest income while 54% is from non interest income (fees)
In Wells Fargo (biggest in retail) 53% net interest income while 47% non interest income
35%


How many Kenyans with bank account have CREDIT cards?

MEAGER!!!!!!!!


Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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tmatekwa
#280 Posted : Tuesday, August 30, 2016 1:13:26 PM
Rank: Member

Joined: 10/1/2007
Posts: 232
http://live.rich.co.ke/w...DBO%7C%1E%F8%0E%5CE%811

Very strong demand for bank shares....
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