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Equity Group FY 2015 profit before tax up 7%
Rank: Elder Joined: 7/11/2010 Posts: 5,040
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VituVingiSana wrote:How much does it cost in executive [all of them combined] pay to earn 1B [HFCK]? directors emoluments 19.6 M
How much does it cost in executive [all of them combined] pay to earn 20B [KCB]?
directors emoluments 262 M
How much does it cost in executive [all of them combined] pay to earn 17B [EQUITY]?
Directors emoluments 58.7 M
For HFCK not bad. But the difference between KCB and Equity is significant. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 1/3/2007 Posts: 18,344 Location: Nairobi
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Aguytrying wrote:VituVingiSana wrote:How much does it cost in executive [all of them combined] pay to earn 1B [HFCK]? directors emoluments 19.6 M
How much does it cost in executive [all of them combined] pay to earn 20B [KCB]?
directors emoluments 262 M
How much does it cost in executive [all of them combined] pay to earn 17B [EQUITY]?
Directors emoluments 58.7 M
For HFCK not bad. But the difference between KCB and Equity is significant. That's the point I wanted to make. The pay/compensation for HFCK executives (per Billion of PAT) may not be as high as it seems at first glance vs KCB but there are numbers we might not have available to us. And at Equity the value seems much higher i.e. the cost per Billion is lower. That said, I think the TOTAL pay/compensation for execs is much higher than stated above. I know Equity has a full C-Suite who aren't on the board [Mwangi + Wamae] but "directors" [high level execs] eg Staley, Hukai, Singh, Nora, Shah, etc. [Nyakera left to become a PS]. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 12/11/2006 Posts: 930
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Book Closure 18-Mar-2016. Payment 29-Apr-2016 “Invest in yourself. Your career is the engine of your wealth.”
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Rank: Elder Joined: 7/22/2009 Posts: 7,833
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Equitel in Numbers. Good stuff!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: 11/15/2013 Posts: 1,977 Location: Here
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Yesterday i went to an equity branch to transact over the counter. The queue was long. One of the managers came and to my satisfaction he really educated/lectured queuing customers. There were only 2 tellers and he promised soon it'll be 1 teller. He emphasized on them adopting technology and encouraged use of Equitel,ATM,Agents in transacting to save time and De-congest banking halls. He was mad at the youths who say are digital yet queuing.Further he justified the three to be cost efficient. He asked one customer where he had come from,the manager then calculated for him fare paid to and fro and the time wasted to come and deposit 2k only yet the same would have been done at the nearest agent. Civil education is important. Equity employees you better begin thinking of becoming an agent! Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Boris Boyka wrote:Yesterday i went to an equity branch to transact over the counter. The queue was long. One of the managers came and to my satisfaction he really educated/lectured queuing customers. There were only 2 tellers and he promised soon it'll be 1 teller. He emphasized on them adopting technology and encouraged use of Equitel,ATM,Agents in transacting to save time and De-congest banking halls. He was mad at the youths who say are digital yet queuing.Further he justified the three to be cost efficient. He asked one customer where he had come from,the manager then calculated for him fare paid to and fro and the time wasted to come and deposit 2k only yet the same would have been done at the nearest agent. Civil education is important. Equity employees you better begin thinking of becoming an agent! If Equity employees can't take up the agency banking opportunity they risk being irrelevant because technology has inevitably stormed their job strongholds stirring up panic across all sectors. The modern global developments have called for ingenuity, innovation and creativity in order for an individual to keep in tandem to rapid technological changes. ...and most significantly you have to be originally unique and versatile to attract customers to your brand. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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Boris Boyka wrote:Yesterday i went to an equity branch to transact over the counter. The queue was long. One of the managers came and to my satisfaction he really educated/lectured queuing customers. There were only 2 tellers and he promised soon it'll be 1 teller. He emphasized on them adopting technology and encouraged use of Equitel,ATM,Agents in transacting to save time and De-congest banking halls. He was mad at the youths who say are digital yet queuing.Further he justified the three to be cost efficient. He asked one customer where he had come from,the manager then calculated for him fare paid to and fro and the time wasted to come and deposit 2k only yet the same would have been done at the nearest agent. Civil education is important. Equity employees you better begin thinking of becoming an agent! Having previously worked in a banking Hall i understand their plight. As much is its true that "if you don't accept change ,then the same change will change you" , I feel for them. The change is coming and they have to adopt the change . These are employees that have been lured to "bank employee products" like mortgage at 4% , personally loan ,car loans and all these incentives at that rate .Then ask the question ,what are they going to do after they are regarded as redundant ?who will they pay for their houses , what will be the social stigma after they are jobless? Equity should put a human face and find something to do for these employees but the sad thing is that they can't absorb all of them to different departments . Even the same manager who talked to you its a matter of time till when she will lose her job too.start with the small fish then work your way up to the big one . She should also start thinking otherwise too. Employees cost is what eats the PBT AND PAT Of banks books. If they can find a way to minimize the two then Memba bank will be the in thing in banking sector in kenya . That Mwangi guy is a very talented leader .for me I'll keep adding my stake in this stock. They are constantly innovative , moving , motongorias (leaders ) .
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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enyands wrote:Boris Boyka wrote:Yesterday i went to an equity branch to transact over the counter. The queue was long. One of the managers came and to my satisfaction he really educated/lectured queuing customers. There were only 2 tellers and he promised soon it'll be 1 teller. He emphasized on them adopting technology and encouraged use of Equitel,ATM,Agents in transacting to save time and De-congest banking halls. He was mad at the youths who say are digital yet queuing.Further he justified the three to be cost efficient. He asked one customer where he had come from,the manager then calculated for him fare paid to and fro and the time wasted to come and deposit 2k only yet the same would have been done at the nearest agent. Civil education is important. Equity employees you better begin thinking of becoming an agent! Having previously worked in a banking Hall i understand their plight. As much is its true that "if you don't accept change ,then the same change will change you" , I feel for them. The change is coming and they have to adopt the change . These are employees that have been lured to "bank employee products" like mortgage at 4% , personally loan ,car loans and all these incentives at that rate .Then ask the question ,what are they going to do after they are regarded as redundant ?who will they pay for their houses , what will be the social stigma after they are jobless? Equity should put a human face and find something to do for these employees but the sad thing is that they can't absorb all of them to different departments . Even the same manager who talked to you its a matter of time till when she will lose her job too.start with the small fish then work your way up to the big one . She should also start thinking otherwise too. Employees cost is what eats the PBT AND PAT Of banks books. If they can find a way to minimize the two then Memba bank will be the in thing in banking sector in kenya . That Mwangi guy is a very talented leader .for me I'll keep adding my stake in this stock. They are constantly innovative , moving , motongorias (leaders ) . Those who dont take up agency or advance their skills, will perish. They will either become farmers or venture in other SME opportunities. I think given that these banking hall people were mostly rude and slacking, let the job become redundant. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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murchr wrote:enyands wrote:Boris Boyka wrote:Yesterday i went to an equity branch to transact over the counter. The queue was long. One of the managers came and to my satisfaction he really educated/lectured queuing customers. There were only 2 tellers and he promised soon it'll be 1 teller. He emphasized on them adopting technology and encouraged use of Equitel,ATM,Agents in transacting to save time and De-congest banking halls. He was mad at the youths who say are digital yet queuing.Further he justified the three to be cost efficient. He asked one customer where he had come from,the manager then calculated for him fare paid to and fro and the time wasted to come and deposit 2k only yet the same would have been done at the nearest agent. Civil education is important. Equity employees you better begin thinking of becoming an agent! Having previously worked in a banking Hall i understand their plight. As much is its true that "if you don't accept change ,then the same change will change you" , I feel for them. The change is coming and they have to adopt the change . These are employees that have been lured to "bank employee products" like mortgage at 4% , personally loan ,car loans and all these incentives at that rate .Then ask the question ,what are they going to do after they are regarded as redundant ?who will they pay for their houses , what will be the social stigma after they are jobless? Equity should put a human face and find something to do for these employees but the sad thing is that they can't absorb all of them to different departments . Even the same manager who talked to you its a matter of time till when she will lose her job too.start with the small fish then work your way up to the big one . She should also start thinking otherwise too. Employees cost is what eats the PBT AND PAT Of banks books. If they can find a way to minimize the two then Memba bank will be the in thing in banking sector in kenya . That Mwangi guy is a very talented leader .for me I'll keep adding my stake in this stock. They are constantly innovative , moving , motongorias (leaders ) . Those who dont take up agency or advance their skills, will perish. They will either become farmers or venture in other SME opportunities. I think given that these banking hall people were mostly rude and slacking, let the job become redundant. They need to reskill themselves
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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enyands wrote:murchr wrote:enyands wrote:Boris Boyka wrote:Yesterday i went to an equity branch to transact over the counter. The queue was long. One of the managers came and to my satisfaction he really educated/lectured queuing customers. There were only 2 tellers and he promised soon it'll be 1 teller. He emphasized on them adopting technology and encouraged use of Equitel,ATM,Agents in transacting to save time and De-congest banking halls. He was mad at the youths who say are digital yet queuing.Further he justified the three to be cost efficient. He asked one customer where he had come from,the manager then calculated for him fare paid to and fro and the time wasted to come and deposit 2k only yet the same would have been done at the nearest agent. Civil education is important. Equity employees you better begin thinking of becoming an agent! Having previously worked in a banking Hall i understand their plight. As much is its true that "if you don't accept change ,then the same change will change you" , I feel for them. The change is coming and they have to adopt the change . These are employees that have been lured to "bank employee products" like mortgage at 4% , personally loan ,car loans and all these incentives at that rate .Then ask the question ,what are they going to do after they are regarded as redundant ?who will they pay for their houses , what will be the social stigma after they are jobless? Equity should put a human face and find something to do for these employees but the sad thing is that they can't absorb all of them to different departments . Even the same manager who talked to you its a matter of time till when she will lose her job too.start with the small fish then work your way up to the big one . She should also start thinking otherwise too. Employees cost is what eats the PBT AND PAT Of banks books. If they can find a way to minimize the two then Memba bank will be the in thing in banking sector in kenya . That Mwangi guy is a very talented leader .for me I'll keep adding my stake in this stock. They are constantly innovative , moving , motongorias (leaders ) . Those who dont take up agency or advance their skills, will perish. They will either become farmers or venture in other SME opportunities. I think given that these banking hall people were mostly rude and slacking, let the job become redundant. They need to reskill themselves Yes, most of them will transition to sell bank products (accounts, mortgages insurance etc etc) The hot cake employee now will be the IT guy who will be maintaining systems and analyzing data. Companies that offer data and cloud services (Safcom, airtel, Jamii, Liquid Telecom etc etc) are already and will expand business. Big data is the new big thing. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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