Ericsson wrote:The new CEO is working to redeem the bank back to its growth phase.
Once fruits start being seeing these post will be different
KulaRaha wrote:Growth based on what exactly?
Was wondering the same?
They can't just wake up one day and decided to open branches in a different country. Their growth prospects will most likely be limited to Kenya. And Kenya is a hard sell for them. They vomited on Kenyans' shoes when they were the big boys in town. It will be hard to lure the same Kenyans back.
Even new products and services will be viewed suspiciously given the number of Kenyans they have shafted! It's like Kanyari going on TV and saying he is now saved - for real. Very few will believe. They will imagine (and with good reason) it is just another chapter of his con job/life!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.