Slow down my friend!

No need for harsh words.

Please read my opening post on this thread so that you can understand why I started it. It was in response to a comment by another wazuan.

My two cents:

1) Has equity broken any law by being a political bank (if at all)?

2) Are customers forced (directly or indirectly) to bank with equity?

3) Are investors forced (directly or indirectly) to buy Equity shares?

Let's give equity its due...it has created value for both its shareholders and customers. Ultimately...the failure to do that is what will kill any business.

And if they used politics to do that, the market will punish them as soon as the politics changes...my guess is that Equity will weather the political change and whats more it will remain the bank to be watched in the next decade.

what amazes me is why we give audience to some fixated incoherent wannabe investors who mis-guide other investors ... look at the growth in Assets from the investor briefing done when they announced their results.. a total of 110B compared to 82 the same duration last year.... the cost to income ratio has gone down..... The MD himself talked of convergence of telecoms as part of the banks strategy during the same briefing and the same is happening as late as today. the share has grown from 13 bob at the beginning of the year to close at 19 bob withing this week with no major fluctuations. if all the 9 million mpesa accounts are converted to Equity accounts the bank will have a total of 13 million customers... IF the bank was to earn 1000 bob on every customer in income for the whole year this would translate to 13b on transactional income alone by year end. Equity is driven by volumes and if the same growth is maintained and with a pretax profit of 2b by 1st Quarter then by close of the year the bank might close at 10b profitability which will translate to 100 percent growth. Which investor would not want to invest even if it was a political bank.... Guys let us grow up

You kno i actually thank God am Anonymous. But honestly this was not if Equity has done anything illegal or not, it was simple is it political or not and i put in my 2 cents.
All in all, they have done it and have done it well. I just hope they improve there employees salaries!!!

Okay Mukiha. But it does not look like you started this thread will inocent intent.

However the fact that Equity got the 4Billion just like that, while KCB and Stanchat have to do right issues and debt speaks volumes..................

Come on @yekeyeke... Where does fairness come in?

The 4billion deal was a private one... privately negotiated between two banks... Nothing to do with government, nothing to do with politics...

Haaaaiiiiya... yaani Kenyans now want companies to be waiting for their competitors to wake up and think. First it was Safcom, sasa Equity... If the MDs of Coop, KCB, BBK and the rest are too slow (or maybe were not interested) to chase this kind of deals, how does that become EBs problem...

And please note who the beneficiaries of the fund are supposed to be... Typical EB clients (SMEs). Maybe thats why StanChart for instance wouldn't bother..

Doesn't change the point... Whether Equity negotiated a deal with a private or public or government or devilish entity, where does fairness come in... Should Equity have called for a conference of all banks to ask them if they would like to be included in the deal??

I'm neither a customer nor a shareholder...but one thing i know is for sure.Board meetings in all the major banks are never concluded without the big guys in those meetings asking what EB is doing or what EB is up to.EB has curved a niche for itself and we got to respect that and applaud them, even if the bulk of the customers are the 'scums of the earth', no malice intended.

it is not a political bank. it is a political party

Just like any other business, employees of EB are paid what they are worth. Those who think they are worth more than they are being paid walk out and get other jobs.

As JM puy it during a recent investor briefing, "business is not charity. The customer comes first, the organisation second and employees a distant third!"

By the way, I didn't think EB employees are poorly paid. Those I meet appear very happy with their jobs.