Home SK - Stocks, Property, Investment Chamas - Investment Groups BIZ - Small Business Soko - Market Wazua Life About Wazua
SIGN IN REGISTER
Sunday, Dec 8, 2019
Investor
We’re investing funds for profit. Join us and wazua!
LATEST DISCUSSIONS
Banks Stealing IP? [2]
Safaricom MALI. [30]
KenGen HY 2019 [312]
Centum half year result 2019/2020 [41]
Uchumi - A value play? [441]
Treasury Bills and Bonds [1301]
Coop Bank 2019 [68]
ARM Cement HY18 [159]
Kenya Airways...why ignore.. [14123]
Kenya Power HY 2019 [142]
Exchange Bar: Results forecast [2094]
Equity Bank FY 2018 net profit up 5% [116]
Safaricom 2019/2020 [203]
East African Cables [39]
Housing Finance: HFCK a diamond in the rough [2039]
 
Forum Jump








Welcome Guest Search | Active Topics | Log In

150 Pages«<148149150
Law Capping interest rates
young
#2981 Posted : Thursday, November 14, 2019 12:44:04 PM
Rank: Elder


Joined: 6/20/2007
Posts: 1,899
Location: Lagos, Nigeria
Ericsson wrote:
Barclays bank Kenya share price back to pre-interest rates repeal level


Yep @Ericsson
The same with STANCHART.

A time to load up more the high dividend yield reliables.

I expect BBK lower at 11.20 in days ahead and stanchart at 190 to 195.

With this one can be sure of at least 9% dividend yield (FY ie interim and final in 2020)


Here is the mathematics
ON BBK

0.9 final & 0.2 interim = 1.1

Div yield = 1.1/11.20%


= 9.8% (Gross)

ON STANCHART
14.0 final + 5.0 interim= 19

Div yield = 19/195%= 9.7% (Gross)


These 2 counters are real retirees (income) counters. Not so good for speculators.
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
Ericsson
#2982 Posted : Monday, November 18, 2019 11:17:11 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,719
Location: NAIROBI
https://www.businessdail...52380-8kitvz/index.html

The top nine banks- classified by CBK as large—added 337,004 accounts with more than Sh100, 000 between January 2016 and December 2018.

In contrast, the small and medium-sized banks witnessed a drop in the number of quality savers by 176, 244 accounts or 36.5 percent to 305,688 last year.
In the three years to 2018, KCB , Equity, Co-operative Bank, Standard Chartered Bank, Barclays Bank of Kenya, Diamond Trust Bank, Commercial Bank of Africa Limited, Stanbic Bank Kenya and I&M Bank all gained more customers with savings above Sh100,000.

But small and mid-sized lenders like Spire Bank, Habib Bank AG Zurich, Sidian Bank, Paramount Bank, Guardian Bank Limited, Consolidated Bank, Bank of Africa, Development Bank and First Community Bank reported declines in accounts holding over Sh100, 000.
wukan
#2983 Posted : Monday, November 18, 2019 11:48:54 AM
Rank: Veteran


Joined: 11/13/2015
Posts: 1,241
Kenya's tiny shrinking middle class...we have a structural problem with our economy which the repeal of rate cap won't solve

Quote:
The number of Kenyans with more than Sh100, 000 as savings in their bank accounts dropped for the first time in more than 13 years, reflecting the cash flow problems in an economy plagued by job cuts and modest economic activity.

The CBK data shows that savers with more than Sh100,000 in their bank accounts dropped to 1,445, 590 last year, down from 1,583,000 in 2017 — the first fall since 2006 when the regulator began making such deposit data public.
Ericsson
#2984 Posted : Monday, November 18, 2019 11:55:08 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,719
Location: NAIROBI
wukan wrote:
Kenya's tiny shrinking middle class...we have a structural problem with our economy which the repeal of rate cap won't solve
Correct.
GoK/Treasury will crowd out private sector in getting credit from the commercial banks

Quote:
The number of Kenyans with more than Sh100, 000 as savings in their bank accounts dropped for the first time in more than 13 years, reflecting the cash flow problems in an economy plagued by job cuts and modest economic activity.

The CBK data shows that savers with more than Sh100,000 in their bank accounts dropped to 1,445, 590 last year, down from 1,583,000 in 2017 — the first fall since 2006 when the regulator began making such deposit data public.

Ericsson
#2985 Posted : Friday, November 22, 2019 1:26:12 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,719
Location: NAIROBI
Kenyan lawmakers passed law on Wednesday requiring both national and county govts to hold accounts with the CBK. National and regional govt payments will be made from CBK acs. Separate proposed law to have ministries and state corporations hold acs at CBK/State owned banks -Source Bloomberg
The argument has been that the national govt has been borrowing while some counties/ministries/corporations have been holding surplus cash which unnecessarily increases borrowing. Probably why CBK raised its capital?

this is the trend its called single transaction account its been implemented in tanzania already all revenues and payments are processed centrally for the entire goverment. If all payments are automated you will see an increase in revenue
Ericsson
#2986 Posted : Friday, November 22, 2019 1:31:43 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,719
Location: NAIROBI
aemathenge
#2987 Posted : Saturday, November 23, 2019 7:13:40 PM
Rank: Elder


Joined: 10/18/2008
Posts: 3,079
Location: Kerugoya
I have absolutely NO idea what THIS means. None whatsoever. Would someone please be kind enough and interpret what Inzillia Sasi in going on about? Please? Thank you.

Copy and Paste Extract

Quote:
Stanbic Bank Goes for the Tiered Interest Rate Model After Cap Removal

By Inzillia Sasi - November 20, 2019

As for the decision to welcome the uncapped interest, the lender holds that in the wider interest of the economy to have a low cost of credit, there is a need to focus more on the drivers and the underlying causes of the high cost of credit as a complementary approach to fix the price of credit by legislation.

While the bank may be cautious not to scare away existing customers and still attract new borrowers, sooner or later, both the risky and borrowers will be caught up in the differentiated interest rates, that commercial banks are quickly adopting.


Source Link:
passiveinvestor
#2988 Posted : Monday, November 25, 2019 10:13:49 AM
Rank: Member


Joined: 12/8/2006
Posts: 84
:) Baffling indeed. Either a terrible author or this is a bot. Here's another piece "Much is not said about women in business and the fact that they face twice the hurdles of making a name for themselves in the male-dominated industry has not been addressed with the seriousness it deserves." One of the key triggers for suspecting a bot (esp. using algorithms written by non native english speakers) is the grammar. It is ALMOST intelligible, but not quite.
On the other end, we have the makaratasi media that writes 1 hr. before deadline after numerous JD's
aemathenge
#2989 Posted : Monday, November 25, 2019 4:39:40 PM
Rank: Elder


Joined: 10/18/2008
Posts: 3,079
Location: Kerugoya
passiveinvestor wrote:
:) Baffling indeed. Either a terrible author or this is a bot. Here's another piece "Much is not said about women in business and the fact that they face twice the hurdles of making a name for themselves in the male-dominated industry has not been addressed with the seriousness it deserves." One of the key triggers for suspecting a bot (esp. using algorithms written by non native english speakers) is the grammar. It is ALMOST intelligible, but not quite.
On the other end, we have the makaratasi media that writes 1 hr. before deadline after numerous JD's


Pheew.

Thank you. I thought old age was catching up on me.
Users browsing this topic
Guest (5)
150 Pages«<148149150
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 © 2019 Wazua.co.ke. All Rights Reserved.