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Co-operative Bank Kenya 2.6bn insider trading scandal
Kausha
#71 Posted : Tuesday, December 17, 2013 9:12:08 AM
Rank: Member

Joined: 2/8/2007
Posts: 808
amigo 321 wrote:
from a 2.3 billion loss in 2013 to the 3rd largest bank now. Focus on the goal


Co-op numbers are difficult to believe, You have loan loss provisions that are rounded to a hundred million every quarter whose likelihood is akin to having a solar eclipse every other end of quarter. I just wonder which goal we should focus on, the real profits which only management knows of or the picture formed by these solar ecplipses?

My rant is CMA has refused to put order in listed companies, and no wonder scandal after scandal every year. Can't help reading what happened in Nigeria banks post Soludo era which Lamido Sanusi had to address and the aftermath. Corporate Governance counts for a lot and merely havin board committees and directors attending ICG courses is barely corporate governance.
muganda
#72 Posted : Tuesday, April 26, 2016 3:35:15 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
A young man has woken up and resuscitated the demons of the past, probably at the behest of KESCOGA cooperative. Seems KESCOGA wrote a letter of complaint to EACC in Dec 2015 https://www.scribd.com/d...Bank-of-Kenya-Complaint

Now trending on Twitter.


These tumultuous times have forced COOP bank to respond - sort of - laying all the troubles at the feet of ex-MD, Mr. Erastus Mureithi

murchr
#73 Posted : Tuesday, April 26, 2016 4:47:06 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
muganda wrote:
A young man has woken up and resuscitated the demons of the past, probably at the behest of KESCOGA cooperative. Seems KESCOGA wrote a letter of complaint to EACC in Dec 2015 https://www.scribd.com/d...Bank-of-Kenya-Complaint

Now trending on Twitter.


These tumultuous times have forced COOP bank to respond - sort of - laying all the troubles at the feet of ex-MD, Mr. Erastus Mureithi



Who's paying Nyakundi,

http://www.businessdaily...0/-/kje1ch/-/index.html
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
digitek1
#74 Posted : Wednesday, April 27, 2016 5:54:28 PM
Rank: Veteran

Joined: 2/3/2010
Posts: 1,797
Location: Kenya
someone wants to acquire local banks dirt cheap..
I may be wrong..but then I could be right
obiero
#75 Posted : Wednesday, April 27, 2016 6:06:24 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
Given half a chance. I would have done the same. This was not fraud. Inaitwa kuambia mwili pole

KQ ABP 4.26
Ericsson
#76 Posted : Wednesday, April 27, 2016 7:01:05 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
The MD and Chairman will not let go of the bank without a tough and brutal fight.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
FRM2011
#77 Posted : Wednesday, April 27, 2016 7:13:18 PM
Rank: Elder

Joined: 11/5/2010
Posts: 2,459
Borrowed from Twitter,

" luckily, unlike chase or imperial banks, coop bank directors never stoke from the bank, they stole the bank".
Siringi
#78 Posted : Friday, June 17, 2016 3:34:39 PM
Rank: Elder

Joined: 6/8/2013
Posts: 2,517
#stolen

Tukimaliza IEBC tunakuja Cooperative Bank

d'oh! Laughing out loudly d'oh! Laughing out loudly d'oh! Laughing out loudly Laughing out loudly

#ProbeCoopBankSaga

"😖😡KQ makes money for everyone except the shareholder 😏😏 " overheard in Wazua
muandiwambeu
#79 Posted : Friday, June 17, 2016 4:48:04 PM
Rank: Veteran

Joined: 8/28/2015
Posts: 1,247
Siringi wrote:
#stolen

Tukimaliza IEBC tunakuja Cooperative Bank

d'oh! Laughing out loudly d'oh! Laughing out loudly d'oh! Laughing out loudly Laughing out loudly

#ProbeCoopBankSaga


demo ni every day Monday. tunaacha ATM cards nyumbani
,Behold, a sower went forth to sow;....
VituVingiSana
#80 Posted : Saturday, June 18, 2016 10:19:06 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Is this a NPL waiting to be booked or already provided for?
http://www.nation.co.ke/...6/-/h8jjv7z/-/index.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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