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FAMILY BANK STEALS THE SHOW FROM KCB!
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chaliwong
#51 Posted : Monday, June 20, 2011 9:43:15 PM
Rank: New-farer

Joined: 1/10/2010
Posts: 73
Location: kenya
The big three banks have their growth almost stagnant because of lack of new ideas,yet the smaller growing banks poach their CEOs from the big three.

MOO moved from BBK to KCB more than 10 Years ago and KCB woes still stand to date.
Stanchart got their retail director also from BBK and no significant growth has taken place other than loosing their position in the rankings.
I'm not saying this guys are not good but they are as good as maintaining the status quo.

Where JM came from to bring Equity to where it is today is where banks should be looking.

This notion that when the CEOs move they will bring with them the customers with big books from their former banks is misplaced.

As an emerging market there is alot of new business not yet tapped(ask JM),and that is where the growth is.
What is he going to see while in Family that he did not see while in KCB.(or his hands were tied)



Make Hay While The Sun Shines.
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  | | Edit by user: Monday, June 20, 2011 10:20 PM | Reason: Not specified
Hunderwear
#52 Posted : Monday, June 20, 2011 10:40:46 PM
Rank: Member

Joined: 4/14/2011
Posts: 639
chaliwong wrote:
The big three banks have their growth almost stagnant because of lack of new ideas,yet the smaller growing banks poach their CEOs from the big three.

MOO moved from BBK to KCB more than 10 Years ago and KCB woes still stand to date.
Stanchart got their retail director also from BBK and no significant growth has taken place other than loosing their position in the rankings.
I'm not saying this guys are not good but they are as good as maintaining the status quo.

Where JM came from to bring Equity to where it is today is where banks should be looking.

This notion that when the CEOs move they will bring with them the customers with big books from their former banks is misplaced.

As an emerging market there is alot of new business not yet tapped(ask JM),and that is where the growth is.
What is he going to see while in Family that he did not see while in KCB.(or his hands were tied)



Make Hay While The Sun Shines.

>All we ask of him is to take family Bank to where KCB is and we are happy.Ths gonna be a no brainer since he has been there plus he wil be out to prove a point to his former employer so bring it on Mr Munyiri!
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earthvoice
#53 Posted : Monday, June 20, 2011 10:59:14 PM
Rank: Member

Joined: 1/29/2011
Posts: 257
@the deal should unleash an analysis of Family Bank's fundamentals and prospects on his blog...
Think
"All intelligent investing is value investing -- acquiring more than you are paying for. You must value the business in order to value the stock." - Charlie Munger.
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Wa_ithaka
#54 Posted : Tuesday, June 21, 2011 5:10:46 AM
Rank: Veteran

Joined: 1/7/2010
Posts: 1,279
Location: nbi
I think Underwear's pt with respect to KCB is that with Munyiri have moved across to become a CEO, KCB doesn't have a succession strategy for MOO.

But I think Munyiri (I wonder if his from Nyeri?), also has a strategy which might to run Fam BAnk until the KCB situation is vacant.
I'd be amazed if MOO had the position after his 2 yr term esp and if the great duo take power
The Governor of Nyeri - 2017
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Sasha
#55 Posted : Tuesday, June 21, 2011 8:24:17 AM
Rank: Veteran

Joined: 9/5/2007
Posts: 627
@erifloss: What I meant was that MOO's contract was extended by 2 years a full one year before it was to expire! That would either mean that the board feels that they cannot afford to lose him or they do not have a succession strategy! I tend to believe the latter.

@pedro: Just because people decide to follow someone to another company does not mean that there is a vendetta. It could also mean they see him as a mentor and like his management style. You can be sure that some of the senior managers who lost their positions in the restructuring will join Family Bank in senior capacities. That can only be a major plus for Family Bank! The former head of treasury at KCB is said to has already jumped ship to Family Bank and will be followed by majority of the guys Munyiri brought with him from Co-op Bank.
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the deal
#56 Posted : Tuesday, June 21, 2011 8:40:34 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
earthvoice wrote:
@the deal should unleash an analysis of Family Bank's fundamentals and prospects on his blog...
Think

Well do they plan an IPO? I know this year will be bad for them...anyways good suggestionsmile
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Hunderwear
#57 Posted : Tuesday, June 21, 2011 2:39:22 PM
Rank: Member

Joined: 4/14/2011
Posts: 639
the deal wrote:
earthvoice wrote:
@the deal should unleash an analysis of Family Bank's fundamentals and prospects on his blog...
Think

Well do they plan an IPO? I know this year will be bad for them...anyways good suggestionsmile

>seconded and before he releases the numbers am already shouting BUY BUY BUY before the dosier is out.With the new management in place the sky is no longer the limit.Henry Karugu(read from Equity) is also in Btw
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the deal
#58 Posted : Tuesday, June 21, 2011 6:35:12 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Uhmm when is the IPO??? Gross non performing loans a key measure of a banks profitability doubled in 1Q 2011 from sh 0.61B to Sh 1.2B while for KCB declined marginally no wonder there is change at the top.
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Cde Monomotapa
#59 Posted : Tuesday, June 21, 2011 6:51:51 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
@Mr. Media man..what's that about KCB's Q1s? Last time I checked a 33% growth was a +ve. Man..ur credibilty is flushing down fast..check urself sun.
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Cde Monomotapa
#60 Posted : Tuesday, June 21, 2011 6:55:48 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Cde Monomotapa wrote:
@Mr. Media man..what's that about KCB's Q1s? Last time I checked a 33% growth was a +ve. Man..ur credibilty is flushing down fast..check urself sun.

Oops ma bad! U r reffering to NPLs smile my apologies, was shooting from the hip. smile
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