Personally i think its a prudent and proactive move; If the branches are yet to breakeven 4 years since they opened,they should be,by all means,shut down! Mwangi may also be sending a message to his management team that he needs to see of results.....nothing wrong with that,is there?

EB did a lot to change the face of banking but lets not fool ourselves that ALL the branches it opened are or will eventually make profits.Its important that organisations review and rationalize their business operations once in awhile and re-engineer them in line with changing marketing trends and prevailing economic circumstances.

As for their half year results,we will have to wait until they are officially announced to confirm whether indeed there was any truth behind the grapevines assertion....


May we live in interesting times!

I thought banks are now allowed to operate agencies which will be far cheaper to run in some uneconomical areas. They are just taking advantage. Eekwite could have been behind the drafting of new regulation. Remember banks are faced with increased cost of transporting money,thank to Michuki's order on escort cars.

Fundamentals + Sentiments = Position

hey guys I think we should go slow on this.......have you ever asked yourself why big banks that have been here for years or even new ones e.g Citi bank that originate from USA the world strongest economy havent grown that fast.Remember this is the economy with akina STANFORD and MADOFF.I dont need to tell you much

@

@jtheuri,In case you are not aware,we are on 2nd July,2009 in the 21st Century !which basically means tentative figures are out by the minute with + or - margin of error! Thanks to Technology ....Surprised?Habari ndiyo hiyo!



May we live in interesting times!

Hope mwangi will work on the same and dont disapoint!