compared to other banks, i wouldn't say they are doing fine. btw what did they do with the proceeds from sale of custodial services

All this is happening due to mis-application of assets when Banking the unbanked came to fold. They wanted to be where there competitors were, wanted to sell loans as there competitors were doing! While doing all this they forgot their niche market & along the way added more costs in terms of hiring & sustaining new staff, operational costs of more unproductive branches. By the time they started closing some of these branches others had started creeping into their niche market....

[quote=Dod]BBK said on Wednesday it would lay off 200 management-level staff in an effort to cut costs.

http://www.reuters.com/a...e/idUSLDE70I06920110119[/quote]

200 staff from the Kenyan subsidiary or worldwide?

Me thinks bbk is faced by the usual HR dilemma.

1. Middle level chaps with MBAs and tha ilk being supervised by Gacwiri, the ex-form 4, mamasita who earns all tha bakes and has nothin but experience.

2. Tha Married But Available staff is being poached right and centre by others like CfC [Care for a Caress?] as there is no hope of rising in BBK.

3. Adan Moha is facing a bare chested Shareholder who wants nothing but cheddar... enter stanchart,best known for" why go for a bouque when u can have the garden?" Offload Registrar services, pay off Gacwiri, and create a Career path for the MBAs. Everyone goes home happy eh?

How much does Mohd make?