BANKS FEELING THE HEAT

[Mr_Black]

@Carbon

my bankers are in the list,karma is a bitch. they have to merge if they want to see the next elnino.
walikataa kunikopesha 60 m.
the minimum threshold was raised.

Several small Kenyan banks will have to raise their minimum capital to Sh5 billion in the next three years in order to continue operating.

According to data from the Central Bank of Kenya, there are 22 banks that do no meet the minimum capital proposed by Henry Rotich, the Treasury cabinet secretary.

Rotich, who made the proposal during his 2015/2016 Budget speech, said the new regulations will help the institutions finance larger projects while safeguarding their stability.
http://tuko.co.ke/10315-22-kenyan-banks-that-may-close-due-to-new-capital-requirement.html
http://www.businessdailyafrica.com/Corporate-News/22-banks-hit-by-new-capital-requirement/-/539550/2751662/-/o877qe/-/index.html

This proposal will not see the light of day, parliament shot it down.

[Cypher254]

This thing of economy of scale is bull. When akina citi group and jp Morgan were asking for bailout money weren’t they the biggest banks in USA? Even big banks have issues the best trick is to diversify your savings in to diferent stable banks.

[Touchlyrics]

@Colombo-Combolo

This is REAL, am crying on my computer screen right now because IMPERIAL BANK was my Bank and now its under CBK eish ati kitu 12months as they checkout, I cant access my cash, MAN I AM NOW IN AGONY

VISA portal yao was closed down kitu an hour Ago. Settlement figures were off the charts. Reports reaching my Muthurwa desk!

[kawambui]

@WuTang

Fewer banks will f**k small business men and it will become harder to get credit.

that might be the whole point. have any big banking instution screwed you? very rare.
we dont want toxic loans,taken by fools to finance luxury. we are still a developing country.
i am loving this cult guy(cbk gurvnor) he is moving away from IMF Policies which failed many countries including greece.
we need to develop our own,imagine all those maga construction you see coming up have been funded by foreigners.
that means we will owe them for the next decade or so.
you rent an office at hazina tower but the rent goes to britain/america/china
more credit MEANS high inflation,devaluation of currency,weak trade balance and a volatile credit and debt sturucture.
this year alone we have put more than ten companies under receivership/bankruptcy … mumias,kq,dubai bank…

[Purr_27]

@Carbon

that might be the whole point. have any big banking instution screwed you? very rare.
we dont want toxic loans,taken by fools to finance luxury. we are still a developing country.
i am loving this cult guy(cbk gurvnor) he is moving away from IMF Policies which failed many countries including greece.
we need to develop our own,imagine all those maga construction you see coming up have been funded by foreigners.
that means we will owe them for the next decade or so.
you rent an office at hazina tower but the rent goes to britain/america/china
more credit MEANS high inflation,devaluation of currency,weak trade balance and a volatile credit and debt sturucture.
this year alone we have put more than ten companies under receivership/bankruptcy … mumias,kq,dubai bank…

Things do not look rosy from my work place…naona nikija kufanya biachara na wewe:D:D:D

[kawambui]

@Purr_27

Things do not look rosy from my work place…naona nikija kufanya biachara na wewe:D:D:D

:D:D:D
kuja babie twendee thahabu na almasi congo.
dont worry this is a storm in the teacup

[system]

My advise to you all is that the day derivatives are introduced into the Kenyan market, avoid banking with any bank that will be dealing in derivatives. Msiseme sikuwaambia.

[system]

@Colombo-Combolo

Monday tried to withdraw ka kitu ka weekday it refused, I called they told me chida ndogo ya ATM, Tuesday bana rumors kidogo kuenda hapo a long letter CBK blabla on the closed door, customer care numbers no longer exist simu haiendi through…

Ara!! Kumbe there were signs!! There is also another bank ambayo sitataja jina but like a week ago they stopped accepting online banking transactions citing kuna fraud mingi.

[WuTang]

@Okiya

Ara!! Kumbe there were signs!! There is also another bank ambayo sitataja jina but like a week ago they stopped accepting online banking transactions citing kuna fraud mingi.

Taja bana.

[system]

@WuTang

Taja bana.

we google bana. me niliiskia kwa capital fm.

[system]

@Okiya

My advise to you all is that the day derivatives are introduced into the Kenyan market, avoid banking with any bank that will be dealing in derivatives. Msiseme sikuwaambia.

Nini hii?

[Fondo_Pendo]

@Okiya

My advise to you all is that the day derivatives are introduced into the Kenyan market, avoid banking with any bank that will be dealing in derivatives. Msiseme sikuwaambia.

i and m bank. They cited increased fraud as the major reason why they stopped offering online shopping via credit and debit cards

[conteh]

…just in

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[Ingia]

@Carbon

bro this is how it works.
what is the use of having 45 bank whose combined lending capacity cant even finance one single mega project?
in my opinion that minimum capital should be raised to[SIZE=6] 20 billion.
external borrowing,if not checked will kill our economy.
[SIZE=1]our debt stands at 2.5 trillion,it has to be tamed[/SIZE][/SIZE]

Mega projects are just for rich people whether they are public or private.

[system]

@conteh

…just in

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It’s good they have clarified what point #5 is all about, but it has come a little bit late. In this era of #hash tags and 35 hired bloggers , one needs to present full disclosure to the public before making any statements to avoid speculation.

[kawambui]

@Ingia

Mega projects are just for rich people whether they are public or private.

but that money trickles down to the hollopoi.
wtu wa mjengo,watu wa material,mapoko,wauzaji pombe,mama mboga…etc

[gashwin]

@Carbon

hollopoi.

hoi polloi

[kawambui]

@gashwin

hoi polloi

shenzi.

[gashwin]

@Carbon

shenzi.

kum-a-nina brarry fuu

[system]

@Deorro

Nini hii?

For example, I hope umeskia that KQ have agreed to buy certain quantity of jet fuel at a certain price in future. Hiyo its called a forward contract and its a derivative instrument. Kuna other derivatives kama options na swaps but let me not bore you defining what they are.

To me these derivatives is legalized gambling. Hakuna difference na kucheza sport pesa.