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KCB in another round of job cuts
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streetwise
#1 Posted : Thursday, February 21, 2013 3:37:21 PM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi

I thought the economy was growing and banks were making super profits.

http://www.businessdailyafrica.com/
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mlennyma
#2 Posted : Thursday, February 21, 2013 3:48:02 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Systems efficiency also results to job cuts.
"Don't let the fear of losing be greater than the excitement of winning."
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Cde Monomotapa
#3 Posted : Thursday, February 21, 2013 3:55:21 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
KCB's Good-2-Great prog. rolls on...Awesome smile Watch out, the former CFO (like most CFOs) will make this huge Lion have the agility of an Antelope.
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techboy
#4 Posted : Thursday, February 21, 2013 3:57:29 PM
Rank: User

Joined: 6/18/2009
Posts: 271
[quote=streetwise]
I thought the economy was growing and banks were making super profits.

http://www.businessdailyafrica.com/[/quote]

i feel like slapping you head off. what would you rather believe ? the MARKET or the press ?
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sparkly
#5 Posted : Thursday, February 21, 2013 4:01:33 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
techboy wrote:
[quote=streetwise]
I thought the economy was growing and banks were making super profits.

http://www.businessdailyafrica.com/[/quote]

i feel like slapping you head off. what would you rather believe ? the MARKET or the press ?


Eh hee techboy in his element!
Life is short. Live passionately.
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Cde Monomotapa
#6 Posted : Thursday, February 21, 2013 4:02:54 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
[quote=streetwise]
I thought the economy was growing and banks were making super profits.

http://www.businessdailyafrica.com/[/quote]
FYI: KCB Kenya - KCB Announces New Organization Structure...May 2011 http://www.kcbbankgroup....mp;id=740&Itemid=264
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mawinder
#7 Posted : Thursday, February 21, 2013 6:06:52 PM
Rank: Elder

Joined: 4/30/2008
Posts: 6,029
[quote=Cde Monomotapa][quote=streetwise]
I thought the economy was growing and banks were making super profits.

http://www.businessdailyafrica.com/[/quote]
FYI: KCB Kenya - KCB Announces New Organization Structure...May 2011 http://www.kcbbankgroup....p;id=740&Itemid=264[/quote]
Yes but the new delivery channels e.g agent banking,mbanking,internet banking,atms,pos terminals etc have reduced the frequency of people visiting banks.For instance,it is more than a year since I was served by a teller for my salary account.
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ChessMaster
#8 Posted : Thursday, February 21, 2013 6:17:32 PM
Rank: Elder

Joined: 2/23/2009
Posts: 1,626
mawinder wrote:
[quote=Cde Monomotapa][quote=streetwise]
I thought the economy was growing and banks were making super profits.

http://www.businessdailyafrica.com/[/quote]
FYI: KCB Kenya - KCB Announces New Organization Structure...May 2011 http://www.kcbbankgroup....p;id=740&Itemid=264[/quote]
Yes but the new delivery channels e.g agent banking,mbanking,internet banking,atms,pos terminals etc have reduced the frequency of people visiting banks.For instance,it is more than a year since I was served by a teller for my salary account.


Sounds like a case of technological unemployment.
Uncertainty is certain.Let go
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youcan'tstopusnow
#9 Posted : Thursday, February 21, 2013 6:23:49 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Cde, I think they had a target of achieving a 50 percent Cost:Income ratio by the end of this Full Year
GOD BLESS YOUR LIFE
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Cde Monomotapa
#10 Posted : Thursday, February 21, 2013 6:53:42 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
youcan'tstopusnow wrote:
Cde, I think they had a target of achieving a 50 percent Cost:Income ratio by the end of this Full Year

Interesting then we should be looking toward a more efficient bank in a 'normal' interest rates regime reinforced by expanding biz - and at that juncture, this m'bus will have transformed into a n'jet. #RealTalk
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