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Whats happening at Equity???
Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada
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mmarto wrote:Vallerrie wrote:I believe NCR handles ATMs for all banks and other financial institutions in the country. I don't see how the problem would only affect Equity, it has to be something else.... ALL Equity atm's are from Wincor and not NCR as you mention And they are the best type of ATM I have ever used south of Sahara!!! Highly modern. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 6/17/2008 Posts: 23,365 Location: Nairobi
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Not my words guys, just thought to share though: "When you base your bank on the 'mwananchi' always remember that low income earners are the most volatile part of the market. Equity will not tell you that after the elections, some people outside Mt Kenya literally walked out on them. And the Kalenjins couldnt replace them because the Kalenjins still believe KCB is a Kalenjin bank. Equity will not tell you that it chose to underwrite political projects, which have not borne fruit. Equity will not tell you that its decision to tie down too much capital on assets to facilitate the massive expansion has come back to haunt them. Equity will not tell you that the easy 'walk in' loans to sufferers has led to huge default"I think this is ..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
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Rank: Member Joined: 4/14/2011 Posts: 639
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McReggae wrote:Not my words guys, just thought to share though:
"When you base your bank on the 'mwananchi' always remember that low income earners are the most volatile part of the market. Equity will not tell you that after the elections, some people outside Mt Kenya literally walked out on them. And the Kalenjins couldnt replace them because the Kalenjins still believe KCB is a Kalenjin bank. Equity will not tell you that it chose to underwrite political projects, which have not borne fruit. Equity will not tell you that its decision to tie down too much capital on assets to facilitate the massive expansion has come back to haunt them. Equity will not tell you that the easy 'walk in' loans to sufferers has led to huge default"
I think this is Just another rumour like many out there.The only difference is that this is politicallyand ill will motivated.Equity matches on....
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Rank: Veteran Joined: 5/20/2008 Posts: 1,126 Location: Nairobi
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Confirmed. Equity has just issued a statement. All is well now.
Here is the link
JOIN MY FREE MINI-COURSE FOR WRITERS. CLICK HERE
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Rank: Elder Joined: 7/22/2009 Posts: 7,858
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McReggae wrote:Not my words guys, just thought to share though:
"When you base your bank on the 'mwananchi' always remember that low income earners are the most volatile part of the market. Equity will not tell you that after the elections, some people outside Mt Kenya literally walked out on them. And the Kalenjins couldnt replace them because the Kalenjins still believe KCB is a Kalenjin bank. Equity will not tell you that it chose to underwrite political projects, which have not borne fruit. Equity will not tell you that its decision to tie down too much capital on assets to facilitate the massive expansion has come back to haunt them. Equity will not tell you that the easy 'walk in' loans to sufferers has led to huge default"
I think this is Bull Crap!!! Same sh!t different toilet! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 6/21/2008 Posts: 2,490
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McReggae wrote:Not my words guys, just thought to share though:
"When you base your bank on the 'mwananchi' always remember that low income earners are the most volatile part of the market. Equity will not tell you that after the elections, some people outside Mt Kenya literally walked out on them. And the Kalenjins couldnt replace them because the Kalenjins still believe KCB is a Kalenjin bank. Equity will not tell you that it chose to underwrite political projects, which have not borne fruit. Equity will not tell you that its decision to tie down too much capital on assets to facilitate the massive expansion has come back to haunt them. Equity will not tell you that the easy 'walk in' loans to sufferers has led to huge default"
I think this is @MC apart from what I have highlighted in red, everything else is porojo!!! The man who marries a beautiful woman, and the farmer who grows corn by the roadside have the same problem
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Rank: Elder Joined: 7/22/2009 Posts: 7,858
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Quote:STATEMENT ON THE RECENT SERVICE DELAYS
Equity Centre
.........
10th July 2013,
Equity Bank has in the last few days experienced a delay in service delivery caused by a process of enhancing our data storage capacity to enable us increase our offering on our delivery channels especially ATMs. The experienced delays
were not foreseen or expected as we had envisaged seamless backend operations without affecting our customers experience. We had anticipated that the enhancement would be over
before month end.
Our team has now resolved all issues that were causing delays and we are pleased to inform you that our services are now back to normal in all our outlets.
We are also pleased to inform you that following this enhancement, our 8.4 million customers can
now apply for overdraft facilities from our ATMS
upon going through the normal appraisal process. This follows a successful pilot test of this service with over 1.4 million customers who have been accessing this service through our ATMs.
The enhancement of our storage facility saw the acquisition and installation of the latest
enterprise IBM DS8800 storage system to cater for increased storage and processing
requirements. The bank has also installed IBM’s latest powerful Power 7 Systems – p795 at
our data centres to power the analytics. This enhancements makes our data storage and processing capability the best and most robust in this region.
We sincerely apologize to all our esteemed customers for inconveniences caused by this delay in our services recently. We assure you of
and reiterate our commitment to continue serving you with dedication as we continue walking together in our financial services journey.
We believe that this enhancement will offer our customers an exceptional experience in accessing credit facilities faster, easily and more conveniently through our ATMs. We are committed to continue innovating ways of ensuring that you enjoy the freedom of modern banking by deploying cutting edge technology.
Once again, thank you for your patience, understanding and support that you have continued to give us in our partnership with you.
Please feel free to contact us as well as our Branch Managers for any service support that you may require.
Dr James Mwangi,CBS
Group Managing Director and CEO LinkNever count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 6/17/2008 Posts: 23,365 Location: Nairobi
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MaichBlack wrote:McReggae wrote:Not my words guys, just thought to share though:
"When you base your bank on the 'mwananchi' always remember that low income earners are the most volatile part of the market. Equity will not tell you that after the elections, some people outside Mt Kenya literally walked out on them. And the Kalenjins couldnt replace them because the Kalenjins still believe KCB is a Kalenjin bank. Equity will not tell you that it chose to underwrite political projects, which have not borne fruit. Equity will not tell you that its decision to tie down too much capital on assets to facilitate the massive expansion has come back to haunt them. Equity will not tell you that the easy 'walk in' loans to sufferers has led to huge default"
I think this is Bull Crap!!! Same sh!t different toilet! Ei yawa, kwani imekugusa mahali????..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
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Rank: Elder Joined: 7/22/2009 Posts: 7,858
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McReggae wrote:MaichBlack wrote:McReggae wrote:Not my words guys, just thought to share though:
"When you base your bank on the 'mwananchi' always remember that low income earners are the most volatile part of the market. Equity will not tell you that after the elections, some people outside Mt Kenya literally walked out on them. And the Kalenjins couldnt replace them because the Kalenjins still believe KCB is a Kalenjin bank. Equity will not tell you that it chose to underwrite political projects, which have not borne fruit. Equity will not tell you that its decision to tie down too much capital on assets to facilitate the massive expansion has come back to haunt them. Equity will not tell you that the easy 'walk in' loans to sufferers has led to huge default"
I think this is Bull Crap!!! Same sh!t different toilet! Ei yawa, kwani imekugusa mahali???? What 'gusas' me continously is the stupidity and mediocrity exhibited by some Kenyans as evidenced by some of the romours out there. I'm revolted by stupidity and hence my comment. Of course you are not the source of the rumour but the originator must be greatly intellectually challenged. The 'reasoning' is myopic, totally pedestrian and "zero rated". You just shared, so no problem on your side. Thou shall never shoot the messenger! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Veteran Joined: 11/17/2012 Posts: 1,461 Location: Ngong Forest
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MaichBlack wrote:McReggae wrote:MaichBlack wrote:McReggae wrote:Not my words guys, just thought to share though:
"When you base your bank on the 'mwananchi' always remember that low income earners are the most volatile part of the market. Equity will not tell you that after the elections, some people outside Mt Kenya literally walked out on them. And the Kalenjins couldnt replace them because the Kalenjins still believe KCB is a Kalenjin bank. Equity will not tell you that it chose to underwrite political projects, which have not borne fruit. Equity will not tell you that its decision to tie down too much capital on assets to facilitate the massive expansion has come back to haunt them. Equity will not tell you that the easy 'walk in' loans to sufferers has led to huge default"
I think this is Bull Crap!!! Same sh!t different toilet! Ei yawa, kwani imekugusa mahali???? What 'gusas' me continously is the stupidity and mediocrity exhibited by some Kenyans as evidenced by some of the romours out there. I'm revolted by stupidity and hence my comment. Of course you are not the source of the rumour but the originator must be greatly intellectually challenged. The 'reasoning' is myopic, totally pedestrian and "zero rated". You just shared, so no problem on your side. Thou shall never shoot the messenger! Hey! Bw shareholder take it easy 
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