Nearly half the loan in our banking sector - 14B dollars - restructured

[RV Pundit]

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CBK says 46.5% of the total banking sector loans amounting to KShs 1.38 trillion have been restructured as of October 2020

[gout]

The small omena banks must be going burst; saccos must be sinkholes .

With these numbers where will KRA get its ambitious taxes? Njiraini will face the guillotine.

Njoroge should have said to hell after his first term. Seems he is also an Uthamaki supremacist who can't fathom how uthamaki prince would ruin the narrative of kikuyus as good for economy.

[RV Pundit]

Honestly suprised no kenyan bank has collapsed yet..I think Njoroge has taken his eyes off -- see no evil - hear no evil - and regulation is relaxed now -- so cook books all you can - and let hope COVID-19 will pass - and we can clean the mess up.

It will reach a point where depositors get to the bank - and they are told to give 10 days notice to withdraw cash.

I see next year budget is down to 25B. Meanwhile BBI is promising 35% to counties.
Treasury need to be realistic with KRA - they are stuck at 1.6 trillion tax collection - before covid - and this year maybe 1.3-1.4B.
And the borrowing is scary now - it will hit 9B dollars soon - when GDP is going to be around 10-11B.

Yes Kenyans are resilient - but shiet could hit the fan. USD approaching 110 now.

The small omena banks must be going burst; saccos must be sinkholes .

With these numbers where will KRA get its ambitious taxes? Njiraini will face the guillotine.

Njoroge should have said to hell after his first term. Seems he is also an Uthamaki supremacist who can't fathom how uthamaki prince would ruin the narrative of kikuyus as good for economy.

[hk]

 A lot of the small banks have breached CBK liquidity ratios mandates. Starting January its when things will really deteriorate after CBK covid stimulus ends. Some of restructured loans will soon be declared nonperforming loans which will affect banks capitalizations. Banks must start pooling all nonperforming loans to debt securities that they can unload of their books. The legislature needs to change lands act 2012 that prohibits seizing of assets below 75% of "market value". There needs to be a fire-sale and that way the economy will reprice at the correct market value. Otherwise we end up with zombie companies which will prolong the recession.