Mbalamwezi
JF-Expert Member
- Sep 30, 2007
- 800
- 171
Wakuu,
Kenya ililalamika sana kukataliwa Watanzania kununua hisa za Safaricom. Licha ya BoT kueleza kuwa sheria haziruhusu, lakini Kenya ikalalamika kuwa huo si uungwana wa Federation.
Kama tusingekuwa wabishi, ingekuwaje sasa wakati ambapo bei zinazidi kuporomoka?
Je, twafahamu madhara ya mabilioni kuondoka benki kwa mikopo na kwenda kufungiwa mahali (si lazima iwe nje ya nchi) kusubiri hisa allocation then ziwe refunded?
Hebu tusome kwa makini hii taarifa, then tu judge hali ingekuwaje kwa sasa:
source: Business Daily
September 22, 2008:
Commercial banks that signed away billions of shillings to speculative investors for the Safaricom IPO may now be forced to revise provisions for possible loan defaults as the share price remains stubbornly stuck below the discounted offer price of five shillings.
More than Sh20 billion is believed to be outstanding to Kenyan borrowers who turned to debt to buy Safaricom shares.
The loan book is equivalent to about 3.6 per cent of all borrowing in Kenya that stood at Sh554 billion at the end of March.
Last weeks downward spiral of Safaricom share price to below the offer price now means borrowers must find extra funds to cover these loans, which are worth more even without interest payments than the value of the shares they bought in May.
This raft of lending to consumers against assets that have slumped in value has opened significant exposure for the banking sector to the possibility that the loans will not be repaid.
Statistics from Central Bank (CBK) show that banks doled out an estimated Sh48 billion to ecstatic retail investors who were eager to cash in on the IPO by betting that the share price would skyrocket on the companys listing on the stock exchange.
However, the Safaricom share oscillated between a new low of Sh4.60 and Sh4.90 for three consecutive trading days last week, adding to the woes of retail investors whose panic selling has largely been blamed for the shares consistent slump. [/SIZE]
Kenya ililalamika sana kukataliwa Watanzania kununua hisa za Safaricom. Licha ya BoT kueleza kuwa sheria haziruhusu, lakini Kenya ikalalamika kuwa huo si uungwana wa Federation.
Kama tusingekuwa wabishi, ingekuwaje sasa wakati ambapo bei zinazidi kuporomoka?
Je, twafahamu madhara ya mabilioni kuondoka benki kwa mikopo na kwenda kufungiwa mahali (si lazima iwe nje ya nchi) kusubiri hisa allocation then ziwe refunded?
Hebu tusome kwa makini hii taarifa, then tu judge hali ingekuwaje kwa sasa:
source: Business Daily
September 22, 2008:
Commercial banks that signed away billions of shillings to speculative investors for the Safaricom IPO may now be forced to revise provisions for possible loan defaults as the share price remains stubbornly stuck below the discounted offer price of five shillings.
More than Sh20 billion is believed to be outstanding to Kenyan borrowers who turned to debt to buy Safaricom shares.
The loan book is equivalent to about 3.6 per cent of all borrowing in Kenya that stood at Sh554 billion at the end of March.
Last weeks downward spiral of Safaricom share price to below the offer price now means borrowers must find extra funds to cover these loans, which are worth more even without interest payments than the value of the shares they bought in May.
This raft of lending to consumers against assets that have slumped in value has opened significant exposure for the banking sector to the possibility that the loans will not be repaid.
Statistics from Central Bank (CBK) show that banks doled out an estimated Sh48 billion to ecstatic retail investors who were eager to cash in on the IPO by betting that the share price would skyrocket on the companys listing on the stock exchange.
However, the Safaricom share oscillated between a new low of Sh4.60 and Sh4.90 for three consecutive trading days last week, adding to the woes of retail investors whose panic selling has largely been blamed for the shares consistent slump. [/SIZE]
