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Law Capping interest rates
newfarer
#2381 Posted : Friday, February 23, 2018 9:13:37 PM
Rank: Elder


Joined: 3/19/2010
Posts: 3,503
Location: Uganda
I recently got a bank loan at very easily at 14%.who says banks are not lending? this capping should remain.just keep a good credit rating.. bank will be looking for you.
punda amecheka
obiero
#2382 Posted : Friday, February 23, 2018 10:45:28 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,464
Location: nairobi
murchr wrote:
obiero wrote:
Angelica _ann wrote:
murchr wrote:


Wow KCB headed to 70bob!!!


Kenya Govt and the People of Kenya are distinct


Layman English please

The law won’t be reversed

HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
mlennyma
#2383 Posted : Saturday, February 24, 2018 7:43:17 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,173
Location: nairobi
obiero wrote:
murchr wrote:
obiero wrote:
Angelica _ann wrote:
murchr wrote:


Wow KCB headed to 70bob!!!


Kenya Govt and the People of Kenya are distinct


Layman English please

The law won’t be reversed


to repeal is to abolish/anull a law or an act of parliament. .prophet obiero you mean this word was used wrongly ?
"Don't let the fear of losing be greater than the excitement of winning."
obiero
#2384 Posted : Saturday, February 24, 2018 8:15:54 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,464
Location: nairobi
mlennyma wrote:
obiero wrote:
murchr wrote:
obiero wrote:
Angelica _ann wrote:
murchr wrote:


Wow KCB headed to 70bob!!!


Kenya Govt and the People of Kenya are distinct


Layman English please

The law won’t be reversed


to repeal is to abolish/anull a law or an act of parliament. .prophet obiero you mean this word was used wrongly ?

I mean that it was a political response to IMF that will not garner real political support in the House. To repeal it cannot be via twitter feeds, this thing is hardcoded in wanjiku who prefers no debt to the mercinary rates that were being bandied by Kenyan banks

HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
Spikes
#2385 Posted : Saturday, February 24, 2018 9:01:09 AM
Rank: Elder


Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
obiero wrote:
mlennyma wrote:
obiero wrote:
murchr wrote:
obiero wrote:
Angelica _ann wrote:
murchr wrote:


Wow KCB headed to 70bob!!!


Kenya Govt and the People of Kenya are distinct


Layman English please

The law won’t be reversed


to repeal is to abolish/anull a law or an act of parliament. .prophet obiero you mean this word was used wrongly ?

I mean that it was a political response to IMF that will not garner real political support in the House. To repeal it cannot be via twitter feeds, this thing is hardcoded in wanjiku who prefers no debt to the mercinary rates that were being bandied by Kenyan banks


It should be mercenary. The problem emanates from attending shithole schools where a young bugger used to receive instructions under a tree inside squalid makeshift structures.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
obiero
#2386 Posted : Saturday, February 24, 2018 10:31:27 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,464
Location: nairobi
Spikes wrote:
obiero wrote:
mlennyma wrote:
obiero wrote:
murchr wrote:
obiero wrote:
Angelica _ann wrote:
murchr wrote:


Wow KCB headed to 70bob!!!


Kenya Govt and the People of Kenya are distinct


Layman English please

The law won’t be reversed


to repeal is to abolish/anull a law or an act of parliament. .prophet obiero you mean this word was used wrongly ?

I mean that it was a political response to IMF that will not garner real political support in the House. To repeal it cannot be via twitter feeds, this thing is hardcoded in wanjiku who prefers no debt to the mercinary rates that were being bandied by Kenyan banks


It should be mercenary. The problem emanates from attending shithole schools where a young bugger used to receive instructions under a tree inside squalid makeshift structures.

Hehe. Your mum was my deskmate. You could be my daughter!

HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
Ericsson
#2387 Posted : Saturday, February 24, 2018 10:48:17 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,628
Location: NAIROBI
MPs will be whipped to support the motion just like they were whipped to support Beth Mugo as member of PSC and removed Alfred Keter as a Chair of the house business Committee
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
obiero
#2388 Posted : Saturday, February 24, 2018 11:15:23 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,464
Location: nairobi
Ericsson wrote:
MPs will be whipped to support the motion just like they were whipped to support Beth Mugo as member of PSC and removed Alfred Keter as a Chair of the house business Committee

Only time shall tell, my brother

HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
Spikes
#2389 Posted : Saturday, February 24, 2018 11:50:28 AM
Rank: Elder


Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
obiero wrote:
Spikes wrote:
obiero wrote:
mlennyma wrote:
obiero wrote:
murchr wrote:
obiero wrote:
Angelica _ann wrote:
murchr wrote:


Wow KCB headed to 70bob!!!


Kenya Govt and the People of Kenya are distinct


Layman English please

The law won’t be reversed


to repeal is to abolish/anull a law or an act of parliament. .prophet obiero you mean this word was used wrongly ?

I mean that it was a political response to IMF that will not garner real political support in the House. To repeal it cannot be via twitter feeds, this thing is hardcoded in wanjiku who prefers no debt to the mercinary rates that were being bandied by Kenyan banks


It should be mercenary. The problem emanates from attending shithole schools where a young bugger used to receive instructions under a tree inside squalid makeshift structures.

Hehe. Your mum was my deskmate. You could be my daughter!


Bad manners dragging my mother's name into foul altercation. You should and must respect mothers. Idiot!
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
Musimo
#2390 Posted : Saturday, February 24, 2018 3:00:24 PM
Rank: Member


Joined: 9/3/2015
Posts: 118
Location: Nairobi
obiero wrote:

The law won’t be reversed


I back @obiero on this based on one aspect that the CS said, and which was poorly edited by media..." and repeal or reform an 18-month-old cap on bank lending rates that has resulted in a massive fall in loans to the private sector."
Rink
Rink 2
Horton
#2391 Posted : Sunday, February 25, 2018 8:10:02 AM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Musimo wrote:
obiero wrote:

The law won’t be reversed


I back @obiero on this based on one aspect that the CS said, and which was poorly edited by media..." and repeal or reform an 18-month-old cap on bank lending rates that has resulted in a massive fall in loans to the private sector."
Rink
Rink 2



As the ceo of kcb mentioned last week. They would be ok if it was reformed to exclude the private sector or and applied selectively. And from what I have read in the media, it seems this was a key prequisite from IMF. So either way happy days for those long on bank stocks
Ngalaka
#2392 Posted : Sunday, February 25, 2018 4:33:42 PM
Rank: Veteran


Joined: 10/29/2008
Posts: 1,566
See the excuses and finger pointing ^^ even though it was always obvious that the caps would go after the elections.
Isuni yilu yi maa me muyo - ni Mbisuu
Ngalaka
#2393 Posted : Sunday, February 25, 2018 4:38:30 PM
Rank: Veteran


Joined: 10/29/2008
Posts: 1,566
newfarer wrote:
I recently got a bank loan at very easily at 14%.who says banks are not lending? this capping should remain.just keep a good credit rating.. bank will be looking for you.

Sasa were, si upunguzage denial saa zingined'oh!

It's like saying there is no drought because my ¾ quarter farm in Kitui has yielded some healthy onions!
The bigger picture bro...
Isuni yilu yi maa me muyo - ni Mbisuu
Ericsson
#2394 Posted : Monday, February 26, 2018 9:45:59 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,628
Location: NAIROBI
Treasury PS kamau thugge reiterates that the interest rates cap law will be repealed to improve the investment climate of kenya
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#2395 Posted : Monday, February 26, 2018 2:51:15 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,628
Location: NAIROBI
https://www.businessdail...19770-hbcrm9z/index.html
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
obiero
#2396 Posted : Tuesday, February 27, 2018 7:06:38 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,464
Location: nairobi
obiero wrote:
wukan wrote:
winston wrote:
obiero wrote:
Ngalaka wrote:
obiero wrote:
Partial reversal of the cap now almost guaranteed with a Uhuru win

Count down begins

This financial rally is on steroids


>Banks will make money
>>Investors in Banks stocks will make money
>>>Those waiting for banks to loan them at 14% without pricing risk....well...they shall continue waitingsmile .


Even if it's not repealed investors in banking stocks will receive generous dividend payouts. Banks don't need all that capital on their books. KCB and Stanbic have already shown the way

Good times ahead for the large banks. Expect more M&A action on the smaller banks

Family Bank chini https://www.businessdail...20768-140ijub/index.html

HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
obiero
#2397 Posted : Tuesday, February 27, 2018 7:08:09 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,464
Location: nairobi
obiero wrote:
wukan wrote:
winston wrote:
obiero wrote:
Ngalaka wrote:
obiero wrote:
Partial reversal of the cap now almost guaranteed with a Uhuru win

Count down begins

This financial rally is on steroids


>Banks will make money
>>Investors in Banks stocks will make money
>>>Those waiting for banks to loan them at 14% without pricing risk....well...they shall continue waitingsmile .


Even if it's not repealed investors in banking stocks will receive generous dividend payouts. Banks don't need all that capital on their books. KCB and Stanbic have already shown the way

Good times ahead for the large banks. Expect more M&A action on the smaller banks

Family Bank chini https://www.businessdail...20768-140ijub/index.html

HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
Larayna
#2398 Posted : Friday, March 02, 2018 1:05:57 AM
Rank: New-farer


Joined: 1/10/2016
Posts: 15
Location: Machu Pichu
Kenyan Banks among the world's most profitable LINK
Does this confirm the clamour for repealing this law is driven by nothing but greed for super profits
Monk
#2399 Posted : Friday, March 02, 2018 7:26:59 AM
Rank: Member


Joined: 7/1/2009
Posts: 245
Larayna wrote:
Kenyan Banks among the world's most profitable LINK
Does this confirm the clamour for repealing this law is driven by nothing but greed for super profits


The law was not about checking profitability of banks. It was about making credit affordable. Unfortunately, they did not foresee how it would affect credit availability. A free market economy operates on a willing buyer willing seller principle. You cannot force a seller to trade, otherwise you get shortages of goods and services. Ask coffee farmers and the infamous law prohibiting uprooting coffee trees...
obiero
#2400 Posted : Friday, March 02, 2018 11:04:52 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,464
Location: nairobi
Monk wrote:
Larayna wrote:
Kenyan Banks among the world's most profitable LINK
Does this confirm the clamour for repealing this law is driven by nothing but greed for super profits


The law was not about checking profitability of banks. It was about making credit affordable. Unfortunately, they did not foresee how it would affect credit availability. A free market economy operates on a willing buyer willing seller principle. You cannot force a seller to trade, otherwise you get shortages of goods and services. Ask coffee farmers and the infamous law prohibiting uprooting coffee trees...

Supplier power in Michael Porter five forces

HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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