Get your money out now!!
This will affect 7,000 employees if the proposed increment of Core Capital from 1 to 10 billion shillings in three years time is done
Only people that are safe now are thieves kwa county/ govt na watoto wa wezi kama @Gaines
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Hope NCBA hawako kwa hio list.
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ultra high net worth individuals wenye hubank kwa zile bank kidogo ziko na less than 5 branches countrywide ndio wataumia zaidi.
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Good move. Many small banks have disappeared with people money
Tupee list of the affected banks. Saccos are safer but their directors fuc with our money openly.
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Whers do you think Saccos keep their money?
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They can’t be revealed prematurely. Tension will rise.
“@Yuletapeli , you cannot compete with your younger self.”
@Gaines 3:16
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Nabii anaendelea kutomba Kenya bila kondom na enigma amemshikilia miguu, Jayden naye anasupply lube.
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…I’m better than vile nilikuwa at 19 buana almost in every aspect.
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The banking cartel in kenya want more power after looting this country dry with Uhuru guys and now Ruto. Next is killing the sacco industry but wataweza?
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This core capital wameambiwa walipeunafikiri i kama licence that just disappears ukishalipa? Hiyo pesa unadeposit na CBK a siku ile utataka kufunga bank yako utarudishiwa. Worse still, this country practices fractional banking which long story short means that the bank can loan out more than it has. How much they can loan out is a percentage determined by the central bank.
Takeaway hapa ni:
It just makes it more difficult for new entrants into the banking market.
The banks can now lend eve more
This will have an inflationary effect (debatable)
So tell me why you are convinced that despite these obvious advantages, 62% of banks in Kenya would rather close shop than raise 9B each. Also, these banks are profitable and have access to loans from international platforms.
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Nice, very nice, kasongo is taking over everything
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Inside the directors testicles. I have never seen men with better libido kushinda directors wa police sacco.
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Financially yes. Physically NO. Wacha kujidanganya kaka
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I had mentioned this some time back, they use a promissory note kind of transactions
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Safaricom is coming in with it’s Ziidi MMF on its app and it will prompt mass withdrawals from banks as people would prefer keeping their funds in the MMF, where they are promised more returns than saving accounts.
NCBA will reap big from this as other banks suffer.
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The last time this core capital was raised to 1B banks really sweated, ile serious. Raising it to 10B only tier 1 banks will survive, but at what expense? Na msisahau Mpesa are quickly coming in with proposals your money wallet limit itoke 500K to 1M. Mpaka sasa they want to separate Mpesa from Safaricom.
This is a circus that is incoming very fast.
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