Myth Busted: Kenyan Banks Make Most Profit Lending Individuals Not Government. Co-op Results

Myth Busted: Kenyan Banks Make Most Profit Lending Individuals Not Government. Co-op Results

Msapere said:
hope you have known the difference between coop bank and other Saccos aftera long research
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The difference is in the various acts, cooperative act and banking act. I posted this in full because kirk git had posted only part of it..Read it and know who is kenyan bank biggest customer
 
Mkikuyu- Akili timamu said:
The difference is in the various acts, cooperative act and banking act. I posted this in full because kirk git had posted only part of it..Read it and know who is kenyan bank biggest customer
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cooperative Bank is not a cooperative society you fool..u know nothing about kenya..cooperatives are like stima sacco,police sacco etc...which opperates under the rules you googled
 
Msapere said:
cooperative Bank is not a cooperative society you fool..u know nothing about kenya..cooperatives are like stima sacco,police sacco etc...which opperates under the rules you googled
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As I said, Read the various acts, And CoopBank is a commercial bank, i have never desputed that..They finally got the license from CBK i think sometimes in 2004, but its operations and clientele reflect heavily from its roots in cooperative sector..its more inclined to lend to private sector than to GoK
 
Mkikuyu- Akili timamu said:
As I said, Read the various acts, And CoopBank is a commercial bank, i have never desputed that..They finally got the license from CBK i think sometimes in 2004, but its operations and clientele reflect heavily from its roots in cooperative sector..its more inclined to lend to private sector than to GoK
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coop didnt get a license in 200 it got it way back..you cant sweat talk me to buy your false opinions
 
This clown again! Spewing mindless mis-information on every thread.
 
Have it the way you want folks,
James Mwangi has already told you the source of kenya's Banking industry Mega Profits..Its The GOK
Now form a new thread and protest 😀😀
 
Mkikuyu- Akili timamu said:
You lie. You cannot get a personal loan if you have no shares/member of cooeratives, but you can get a construction or mortage because it has security attached.
If you read the cooperatives act of kenya you will know the difference between a coop and a commercial bank..Coops exist for the benefit of its members, commercial banks are in business purely for profit and thats why they would rather buy treasury bonds than lend to private individuals which is risky.
You are very shallow in this field..Do you even know why Coop fought with CBK to get a commercial bank license?
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Cooperative bank is a commercial bank like any other.
You can get a loan with nothing but your payslip. You don't need to be a member of any sacco. I don't need to read any acts because this is something I've done personally.
And the situation is the same in all banks. In both Equity and KCB, government loans make up about 20% or less. . of the total loan book.
 
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