Home SK - Stocks, Property, Investment Chamas - Investment Groups BIZ - Small Business Soko - Market Wazua Life About Wazua
SIGN IN REGISTER
Saturday, Jul 11, 2020
Investor
We’re investing funds for profit. Join us and wazua!
LATEST DISCUSSIONS
Covid Bargain Shares (CBS) [1]
Kenya Power HY 2019 [203]
Housing Finance: HFCK a diamond in the rough [2058]
Kenya Airways...why ignore.. [15032]
Why dustbowl is the future [568]
Options and Derivatives Trading on NSE [73]
Alternative hypothesis:Only idiots make money on N... [38]
Pertinent Question: Private Equity vs Public Equit... [4]
EA Cables and Transcentury FY 2018 [76]
CIC Insurance 2019 [83]
WPP ScanGroup Plc FY 2019 [35]
Madness at the NSE [2298]
Elliott Wave Analysis Of The NSE 20 [3534]
Safaricom 2019/2020 [372]
Realities of Forex Investment [3913]
 
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: 255
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: 12,771
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: 8,576
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: 17,108
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: 11,604
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: 8,576
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: 1,830
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: 8,576
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: 8,576
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.
Users browsing this topic
Guest (3)
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.