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Coop Bank - Stocksmaster's 1st Play 2013
innovator
#501 Posted : Tuesday, June 02, 2015 3:26:49 PM
Rank: Member


Joined: 7/24/2010
Posts: 236
Location: nairobi
Boris Boyka wrote:
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.

Why not install cash deposit atm's like the ones with equity.
MaichBlack
#502 Posted : Tuesday, June 02, 2015 4:53:29 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,455
Boris Boyka wrote:
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.

@Boris - You totally missed the question!!! What @Chaka is asking is, what will stop a crafty parent for example, from walking into a banking hall, filling in a deposit slip and getting it stamped and walking out without depositing the money??? There is no one to confirm if the money has actually been deposited! The parent then forwards the deposit slip to the school to buy himself some time before getting money and actually depositing money weeks later. All he has to do is to walk back to the school and tell them there was a problem with the previous transaction and present the new slip. The school will soon catch on and will no longer accept the slips as proof of payment!!!

And this was even happening before to some extent. I was paying school fees for someone and the fee structure they presented to me read "we don't accept deposit slips from Coop kwa Jirani". The school's account is at Coop!!! They must have experienced some funny things with Coop kwa Jirani slips!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
VituVingiSana
#503 Posted : Tuesday, June 02, 2015 5:48:45 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
Boris Boyka wrote:
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.
Ahhh, yes. Kenyans do very well on that score. From the guy at the top, his father, his father's successor, his deputy, etc down to the cop on a beat.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Boris Boyka
#504 Posted : Tuesday, June 02, 2015 6:09:25 PM
Rank: Veteran


Joined: 11/15/2013
Posts: 1,977
Location: Here
@Maichblack noted. However,you also missed my points. By saying that i meant non verifies. Also read all after Filling.......I have talked of basing on morals. Am not a coop employee. I had to give all sides of the the verification,i understand you're glued to the parents school fees issues...
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
streetwise
#505 Posted : Tuesday, June 02, 2015 6:31:08 PM
Rank: Veteran


Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
This is taking the concept of self service too far and more so to prehistoric times.

Have seen equity and BBK with machines where you deposit and get credit immeditely . why reverse the clock.
MaichBlack
#506 Posted : Tuesday, June 02, 2015 7:32:42 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,455
Boris Boyka wrote:
@Maichblack noted. However,you also missed my points. By saying that i meant non verifies. Also read all after Filling.......I have talked of basing on morals. Am not a coop employee. I had to give all sides of the the verification,i understand you're glued to the parents school fees issues...


1) People don't trust you!! Don't kid yourself! That is why they insist on proof of payment. And that applies to all businesses. Otherwise they would just tell you how much to pay and where and that would be the end of the story!

2) School fees payment was just one example. And I chose it for two reasons. One, I have an experience with it - "We don't accept Coop kwa Jirani slips". Two, most schools, colleges and universities insist on cash deposits in their accounts. No personal cheques, bank transfers etc. Some even discourage/decline bankers cheques to make their operations smoother. Schools are therefore a good example when it comes to cash deposits.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
MaichBlack
#507 Posted : Tuesday, June 02, 2015 7:35:37 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,455
streetwise wrote:
This is taking the concept of self service too far and more so to prehistoric times.

And not very smart given the competition for deposits. In cases where an Organization has multiple bank accounts and proof of payment is required then one will simply go to any of the other banks!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
murchr
#508 Posted : Tuesday, June 02, 2015 7:49:39 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
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.


Is it something like this?



"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
.
MaichBlack
#509 Posted : Tuesday, June 02, 2015 8:02:33 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,455
VituVingiSana wrote:
Boris Boyka wrote:
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.
Ahhh, yes. Kenyans do very well on that score. From the guy at the top, his father, his father's successor, his deputy, etc down to the cop on a beat.

And the whole of the opposition!! All corrupt!!! Government AND opposition.

I am sure you just forgot that part @vvs.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
Boris Boyka
#510 Posted : Tuesday, June 02, 2015 8:04:20 PM
Rank: Veteran


Joined: 11/15/2013
Posts: 1,977
Location: Here
MaichBlack wrote:
Boris Boyka wrote:
@Maichblack noted. However,you also missed my points. By saying that i meant non verifies. Also read all after Filling.......I have talked of basing on morals. Am not a coop employee. I had to give all sides of the the verification,i understand you're glued to the parents school fees issues...


1) People don't trust you!! Don't kid yourself! That is why they insist for proof of payment. And that applies to all businesses. Otherwise they would just tell you how much to pay and where and that would be the end of the story!

2) School fees payment was just one example. And I chose for two reasons. One, I have an experience with it - "We don't accept Coop kwa Jirani slips". Two, most schools, colleges and universities insist on cash deposits in their accounts. No personal cheques, bank transfers etc. Some even discourage/decline bankers cheques to make their operations smoother. Schools are therefore a good example when it comes to cash deposits.

Laughing out loudly Laughing out loudly Laughing out loudly Remember the chill pills you once gave me?? go take some because you are now confused. Disclaimer :AM NOT a coop employee or consultant...mimi ni customer. ill be back shortly.
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
VituVingiSana
#511 Posted : Tuesday, June 02, 2015 8:24:02 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
MaichBlack wrote:
VituVingiSana wrote:
Boris Boyka wrote:
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.
Ahhh, yes. Kenyans do very well on that score. From the guy at the top, his father, his father's successor, his deputy, etc down to the cop on a beat.

And the whole of the opposition!! All corrupt!!! Government AND opposition.

I am sure you just forgot that part @vvs.
Not enough ink in the world to list them. Many of those in the opposition aka Amos Wako, etc ... contributed to the burdens we now face.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
MaichBlack
#512 Posted : Tuesday, June 02, 2015 8:43:03 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,455
VituVingiSana wrote:
MaichBlack wrote:
VituVingiSana wrote:
Boris Boyka wrote:
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.
Ahhh, yes. Kenyans do very well on that score. From the guy at the top, his father, his father's successor, his deputy, etc down to the cop on a beat.

And the whole of the opposition!! All corrupt!!! Government AND opposition.

I am sure you just forgot that part @vvs.
Not enough ink in the world to list them. Many of those in the opposition aka Amos Wako, etc ... contributed to the burdens we now face.

@vvs - Wachana na Amos Wako. He is the small fish in opposition. Yani umeangalia all those corrupt fellows with mega scandals and it is only Amos Wako's name that came to your mind??? Eish!!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
obiero
#513 Posted : Friday, June 05, 2015 12:19:50 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,516
Location: nairobi
obiero wrote:
obiero wrote:
the deal wrote:
obiero wrote:
Mr. Sulu wrote:
obiero wrote:
Cde Monomotapa wrote:
^We lead, others follow - ROOOARR!! (KCB - At consolidation stage) smile

KCB has underutilised strength and unlockin that has proved futile across change in management.. Meanwhile, banks with much lower asset base are angling for a kill! The lion is a CORPORATE bank that needed a connected captain, unfortunately the current one has shown no signs of being a master of these turbulent waters. There is a shift in the market where Coop will emerge second after Equity in next three years

Do you have evidence to back it up or is it a hunch?

The writing is on the wall

Fact: Coop Bank will never overtake KCB in terms of profitability in the next 3yrs...@obiero take that to the bank or your nearest hospital...cos it aint happening...if you think it will...then buy some antiacids...

Coop already at number 3. Musical chairs, watch this space. Well maybe 3 yrs is on the shorter side as @deal said, but who else has analysed the NII, asset book, customer numbers.. The writing is on the wall.. www.businessdailyafrica....52/-/qne942/-/index.html


Post 407 on 20.03.14 by @obiero.. Coop is in serious business.. Predictions of phoenix rising being fullfilled.. www.businessdailyafrica....56/-/efbam5/-/index.html

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
obiero
#514 Posted : Tuesday, June 16, 2015 7:03:05 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,516
Location: nairobi
obiero wrote:
obiero wrote:
obiero wrote:
the deal wrote:
obiero wrote:
Mr. Sulu wrote:
obiero wrote:
Cde Monomotapa wrote:
^We lead, others follow - ROOOARR!! (KCB - At consolidation stage) smile

KCB has underutilised strength and unlockin that has proved futile across change in management.. Meanwhile, banks with much lower asset base are angling for a kill! The lion is a CORPORATE bank that needed a connected captain, unfortunately the current one has shown no signs of being a master of these turbulent waters. There is a shift in the market where Coop will emerge second after Equity in next three years

Do you have evidence to back it up or is it a hunch?

The writing is on the wall

Fact: Coop Bank will never overtake KCB in terms of profitability in the next 3yrs...@obiero take that to the bank or your nearest hospital...cos it aint happening...if you think it will...then buy some antiacids...

Coop already at number 3. Musical chairs, watch this space. Well maybe 3 yrs is on the shorter side as @deal said, but who else has analysed the NII, asset book, customer numbers.. The writing is on the wall.. www.businessdailyafrica....52/-/qne942/-/index.html


Post 407 on 20.03.14 by @obiero.. Coop is in serious business.. Predictions of phoenix rising being fullfilled.. www.businessdailyafrica....56/-/efbam5/-/index.html

[quote=murchr]The battle for local market that has seen Co-operative Bank edge out Equity Bank from second position has been replayed by middle-tier banks that have grabbed a larger share.

Mid-tier lenders have snatched assets, customer deposits and market share over the past two years from large and small-tier counterparts, data from Central Bank of Kenya shows.

The 16 banks classified in the middle category have seen their asset base grow to Sh1.37 trillion at the end of 2014 representing 42.7 per cent of the industry total of Sh3.19 trillion, with customer deposits at 41.6 per cent of the industry total of Sh2.29 trillion.



http://www.businessdaily...2/-/6mk3ub/-/index.html[/quote]

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
Ericsson
#515 Posted : Tuesday, June 16, 2015 9:40:29 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
If coop is in position two then they need to up their game and improve on ROA.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
obiero
#516 Posted : Tuesday, June 16, 2015 1:03:59 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,516
Location: nairobi
Ericsson wrote:
If coop is in position two then they need to up their game and improve on ROA.

this is a bank whose HQ was bombed and they rose from ashes.. a little history never hurts

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
VituVingiSana
#517 Posted : Tuesday, June 16, 2015 1:31:38 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
obiero wrote:
Ericsson wrote:
If coop is in position two then they need to up their game and improve on ROA.

this is a bank whose HQ was bombed and they rose from ashes.. a little history never hurts
Nor does a fat cheque from the US Gov't as compensation.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Angelica _ann
#518 Posted : Tuesday, June 16, 2015 1:59:05 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
VituVingiSana wrote:
obiero wrote:
Ericsson wrote:
If coop is in position two then they need to up their game and improve on ROA.

this is a bank whose HQ was bombed and they rose from ashes.. a little history never hurts
Nor does a fat cheque from the US Gov't as compensation.

Which was duly eaten in Nyahururu!!!!!!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
wazuaguest
#519 Posted : Tuesday, June 16, 2015 3:00:06 PM
Rank: Member


Joined: 2/9/2012
Posts: 576
McKinsey were also piloting the box thing with ekwetee in Gikomba.Then they are rewarded handsomely for that. its nice to be a consultant.
Africa belongs to Africans.
streetwise
#520 Posted : Tuesday, June 16, 2015 3:26:07 PM
Rank: Veteran


Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
The beauty with being a consultant is that you never take any responsibilities.

If the startegy does not work , the fault belongs else where e.g the implementers, finces, climate even the air
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