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Coop Bank - Stocksmaster's 1st Play 2013
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S.Mutaga III
#491 Posted : Sunday, May 31, 2015 7:52:25 PM
Rank: Member

Joined: 3/26/2012
Posts: 830
sparkly wrote:
@StocksMaster what is your strategy in this bleeding market?

Talk to your disciples.


You remind me of the lost sheep
Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
A successful man is not he who gets the best, it is he who makes the best from what he gets.
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Ericsson
#492 Posted : Monday, June 01, 2015 11:56:28 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
@Obiero
Centum at 500 per share not anytime soon in the next 5 years.That will be giving it a market cap of ksh.335bn.
Aii
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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kawi254
#493 Posted : Tuesday, June 02, 2015 12:29:18 PM
Rank: Member

Joined: 2/20/2015
Posts: 468
Location: Nairobi
Walked into a Coop bank to deposit cash this morning and they have gotten rid of deposit tellers. You fill in a deposit slip and put the money + deposit slip in a sealed paper bag and drop them into a box.

Looks like a McKinsey cost cutting reform but not sure how it will work out.
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Chaka
#494 Posted : Tuesday, June 02, 2015 1:17:20 PM
Rank: Elder

Joined: 2/16/2007
Posts: 2,114
kawi254 wrote:
Walked into a Coop bank to deposit cash this morning and they have gotten rid of deposit tellers. You fill in a deposit slip and put the money + deposit slip in a sealed paper bag and drop them into a box.

Looks like a McKinsey cost cutting reform but not sure how it will work out.

What do you get as proof of deposit or you trust the bank to post the deposit slip later?
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MaichBlack
#495 Posted : Tuesday, June 02, 2015 1:24:00 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,836
kawi254 wrote:
Walked into a Coop bank to deposit cash this morning and they have gotten rid of deposit tellers. You fill in a deposit slip and put the money + deposit slip in a sealed paper bag and drop them into a box.

Looks like a McKinsey cost cutting reform but not sure how it will work out.

I understand they have implemented that in some branches, not all. Apparently they later send you a confirmation sms.

My question is, what if I am depositing something like school fees and I need the deposit slip for onward forwarding to the school?? Some schools don't have interlinked systems with the bank. You have to take the deposit slip to the school as proof of payment. Utafanya nini???
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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streetwise
#496 Posted : Tuesday, June 02, 2015 1:32:32 PM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Find another bank
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Ericsson
#497 Posted : Tuesday, June 02, 2015 1:34:05 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
That is what we call lack of ideas in growing profits.
Maichblack has raised a very valid point.
A bank should grow profits through loaning out more money or products to its customers.
This bank needs visionary management to let customers enjoy more and more of their products.
And that's where KCB and Equity Bank beat coop;loans too pricey.
Last year co-op lost a lot of customers because of poor service;what is Gideon doing to bring them back.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Boris Boyka
#498 Posted : Tuesday, June 02, 2015 1:46:31 PM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
I posted that long ago. seems many haven't used it. It began at Tomboya branch..After some weeks,staff from other branches came in understudy from where they were sent to respective regions/branches to teach to their colleagues. slip worry? Dont worry.
While depositing cash or cheque you fill deposit slip in duplicate first. Include your Mobile no. and email on slip
Write acc no on back if cheque.
Take deposit slip and pass through a machine thats just adjacent to drop box. The slip is stamped.
Tear off original slip,wrap in the cash/cheque,put in.the envelope and seal.
Drop the envelope in box.
Retail duplicate slip as your copy.( contains stamp)
After 1-2 hrs you receive sms on the mobile no you left indicating details if transaction.
I have those slips i did with.
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Chaka
#499 Posted : Tuesday, June 02, 2015 2:26:43 PM
Rank: Elder

Joined: 2/16/2007
Posts: 2,114
Boris Boyka wrote:

Take deposit slip and pass through a machine thats just adjacent to drop box. The slip is stamped.
Tear off original slip,wrap in the cash/cheque,put in.the envelope and seal.
Drop the envelope in box.
Retail duplicate slip as your copy.( contains stamp)
After 1-2 hrs you receive sms on the mobile no you left indicating details if transaction.
I have those slips i did with.

So who confirms that you have actually deposited cash before the deposit slip is stamped?
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Boris Boyka
#500 Posted : Tuesday, June 02, 2015 2:55:57 PM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
Chaka wrote:
Boris Boyka wrote:

Take deposit slip and pass through a machine thats just adjacent to drop box. The slip is stamped.
Tear off original slip,wrap in the cash/cheque,put in.the envelope and seal.
Drop the envelope in box.
Retail duplicate slip as your copy.( contains stamp)
After 1-2 hrs you receive sms on the mobile no you left indicating details if transaction.
I have those slips i did with.

So who confirms that you have actually deposited cash before the deposit slip is stamped?

The box is opened every hour by 2/3 individuals under cctv. If there are anormalies you're notified in sms. The cctv gives evidence. Ever done deposit at ATM? Anyway it doesn't mean there couldn't be colluding but its higher % secure. Colluding could mean a lot of effort. Inserting less cash and filling more cash would inconvinience one. Simply i think its based on morality.
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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