Home SK - Stocks, Property, Investment Chamas - Investment Groups BIZ - Small Business Soko - Market Wazua Life About Wazua
SIGN IN REGISTER
Thursday, Aug 6, 2020
Investor
We’re investing funds for profit. Join us and wazua!
LATEST DISCUSSIONS
Speculating in cryptocurrencies: A rough approach [278]
NMG FY 2018 and Beyond [138]
Elliott Wave Analysis Of The NSE 20 [3615]
411 on dividend and AGM [911]
Low End Housing: High Risk, High Return [332]
Safaricom 2019/2020 [400]
Kenya Airways...why ignore.. [15052]
Telkom Airtel Merger [47]
Equity Bank 2020 [45]
VituVingiSana's MIGHTY road to wealth. Take notes! [99]
Madness at the NSE [2315]
Kenya Power HY 2019 [245]
CIC Insurance 2019 [100]
Bitcoin: Does it have a future ? [1237]
Realities of Forex Investment [3923]
 
Forum Jump








Welcome Guest Search | Active Topics | Log In | Register

60 Pages«<585960
KCB buy buy buy
KaunganaDoDo
#1181 Posted : Sunday, June 21, 2020 10:36:24 AM
Rank: Member


Joined: 8/6/2018
Posts: 265
VituVingiSana wrote:
Ericsson wrote:
Laikipia county secures ksh.2bn loan facility from KCB to support SMEs hurt by COVID-19
What's the recourse if counties default?

Public Finance Management Act 2012.... Counties can only borrow with Guarantee of the National Government. This is like a Total Risk Guarantee
obiero
#1182 Posted : Sunday, June 21, 2020 10:50:57 AM
Rank: Elder


Joined: 6/23/2009
Posts: 12,788
Location: nairobi
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
Ericsson wrote:
Laikipia county secures ksh.2bn loan facility from KCB to support SMEs hurt by COVID-19
What's the recourse if counties default?

How can a county government default on commercial debt? No revenue? No central government disbursements? Kuwa serious
Countries default.
What's a county?

A county is an smaller administrative unit, under a national state. Only 1 country has defaulted in recent memory, Greece.. And it picked up
COOP 5,500 ABP12.6; HF 30,000 ABP 5.90; KCB 7,500 ABP 36; KQ 414,100 ABP 7.92
Ericsson
#1183 Posted : Sunday, June 21, 2020 12:37:03 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,682
Location: NAIROBI
obiero wrote:
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
Ericsson wrote:
Laikipia county secures ksh.2bn loan facility from KCB to support SMEs hurt by COVID-19
What's the recourse if counties default?

How can a county government default on commercial debt? No revenue? No central government disbursements? Kuwa serious
Countries default.
What's a county?

A county is an smaller administrative unit, under a national state. Only 1 country has defaulted in recent memory, Greece.. And it picked up


Opportunities KCB is taking to hedge on the covid-19 effects.
VituVingiSana
#1184 Posted : Sunday, June 21, 2020 7:20:21 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,159
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
Ericsson wrote:
Laikipia county secures ksh.2bn loan facility from KCB to support SMEs hurt by COVID-19
What's the recourse if counties default?

How can a county government default on commercial debt? No revenue? No central government disbursements? Kuwa serious
Countries default.
What's a county?

A county is an smaller administrative unit, under a national state. Only 1 country has defaulted in recent memory, Greece.. And it picked up

May 2020: Argentina defaults on bond payments as debt talks heat up
https://www.reuters.com/...ks-heat-up-idUSKBN22Y1TE
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Angelica _ann
#1185 Posted : Sunday, June 21, 2020 7:25:49 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,648
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
[quote=Ericsson]Laikipia county secures ksh.2bn loan facility from KCB to support SMEs hurt by COVID-19
What's the recourse if counties default?

How can a county government default on commercial debt? No revenue? No central government disbursements? Kuwa serious
Countries default.
What's a county?

A county is an smaller administrative unit, under a national state. Only 1 country has defaulted in recent memory, Greece.. And it picked up

May 2020: Argentina defaults on bond payments as debt talks heat up
https://www.reuters.com/...s-heat-up-idUSKBN22Y1TE[/quote]

Even our own CBK last month forced investors holding a maturing 1 year tbill to buy/convert to 6 year bond!!!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Ericsson
#1186 Posted : Thursday, July 02, 2020 9:16:59 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,682
Location: NAIROBI
KCB Bank Kenya acquired Imperial bank Kenya loan book worth ksh.3.2 billion
Ebenyo
#1187 Posted : Thursday, July 02, 2020 11:59:05 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,841
Location: Kitale
Ericsson wrote:
KCB Bank Kenya acquired Imperial bank Kenya loan book worth ksh.3.2 billion



very tiny amount didn't add much.nbk was better than this.
Towards the goal of financial freedom
Ericsson
#1188 Posted : Friday, July 03, 2020 12:10:05 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,682
Location: NAIROBI
Ebenyo wrote:
Ericsson wrote:
KCB Bank Kenya acquired Imperial bank Kenya loan book worth ksh.3.2 billion



very tiny amount didn't add much.nbk was better than this.


Yes that's why NBK acquisition was done by the holding company
Ericsson
#1189 Posted : Monday, July 06, 2020 2:46:36 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,682
Location: NAIROBI
https://www.businessdail...492-133yb14z/index.html

The former Kenya Planters Cooperative Union has cleared the remaining Sh185 million that it owed KCB, freeing itself from the receivership chains after nearly a decade.

Chief Administrative Secretary in the Ministry of Agriculture Ann Nyaga said that part of the Sh3 billion received as coffee cherry fund was directed towards debt repayment.

The old Kenya Planters Cooperative Union (KPCU), now defunct, has been under receivership by the bank since 2009 after it failed to honour its financial obligation amounting to over Sh700 million, owed to the lender, lawyers and farmers.

“We received Sh3 billion from the government meant for coffee advanced fund and part of it went towards paying the debt to KCB

,” said Ms Nyaga.

The acting commissioner of cooperatives Geoffrey Njan’ngombe confirmed to the Business Daily that the debt owed had been fully settled.
heri
#1190 Posted : Wednesday, July 15, 2020 1:05:52 PM
Rank: Member


Joined: 9/14/2011
Posts: 763
Location: nairobi
Ebenyo
#1191 Posted : Wednesday, July 15, 2020 3:49:45 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,841
Location: Kitale
heri wrote:




Weak asset? kcb asset base is larger than all other banks.
Towards the goal of financial freedom
shocks
#1192 Posted : Monday, July 20, 2020 12:39:13 AM
Rank: Member


Joined: 3/15/2009
Posts: 348
Ebenyo wrote:
heri wrote:




Weak asset? kcb asset base is larger than all other banks.

quality!
Mainat
#1193 Posted : Monday, July 20, 2020 6:40:49 AM
Rank: Veteran


Joined: 11/21/2006
Posts: 1,589
If 10% of the 25% that has been deferred goes bad...
heri wrote:

Sehemu ndio nyumba
Ericsson
#1194 Posted : Monday, July 20, 2020 11:30:01 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,682
Location: NAIROBI
Ahmed Rahime Mohamud Mohammed has been appointed to the Board of KCB Group as a. non-executive director
Ebenyo
#1195 Posted : Tuesday, July 21, 2020 9:27:16 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,841
Location: Kitale
Ericsson wrote:
Ahmed Rahime Mohamud Mohammed has been appointed to the Board of KCB Group as a. non-executive director



He will help kcb to grow revenues from Islamic banking.
Towards the goal of financial freedom
Ericsson
#1196 Posted : Tuesday, July 21, 2020 3:44:33 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,682
Location: NAIROBI
KCB Group has partnered with UAP Old Mutual to provide it's Mortgage Customers with a FREE daily cash benefit of KES 1,500 in case of hospitalization due to COVID 19.

https://kcbgroup.com/ins...tgage-Benefit-FAQ-V2.pdf
Users browsing this topic
Guest (2)
60 Pages«<585960
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Home | . .. Investor | .. . Groups | .. . SME | . . . Market | .. . Club SK | . ..... About Wazua | . .. Search | . ..Sitemap | . ..Support | . ..Disclaimer | . ..Privacy Policy | . ..Terms of Use | . .. Contact Us
Copyright © 2020 Wazua.co.ke. All Rights Reserved.