BTW, CFC Stanbic wants a PIN card/certificate for an account.

1) Do all banks ask for the PIN cert from KRA?
2) How does Equity open accounts since I doubt (I may be wrong) Equity requires a PIN cert.

@ ondiek..does a PIN cert really mean u know ur customer?

Banks usually require PIN certs for opening Business Current accounts but not for ordinery Savings accoonts.

I'd like to look at the current restructuring in light of Equity's life cycle. Is it a mature bank or still growing? The current restructuring would imply that it's not a very mature company and probably more of a one-man show.

So what are the risks of investing in a company run by one person, Dr Mwangi?
Is Equity's growth plateauing? I hear Uganda ain't doing that well?
Recruitment policy, department restructuring and layoffs seem panicked and disorganized.
What are the implications of Equity going down on our banking system seeing as they hold a majority of the accounts?

I friend of mine told me told me that when people get carjacked these days thugs are asking for your equity card? Apparently you can withdraw funds EVEN after you've blocked the thing. There are too many operational inefficiencies within the bank that relies on its IT system (ATMs) to manage over 3 million customers.

How does Equity Bank manage to open so many accounts every month?

I like that EB takes your picture right there & then. Not this BS of bringing your own pictures. At least when EB takes a photo, it is YOUR photo...

Since most of Equity's new accounts are in the less served areas (not the major towns) how do they manage with the KYC especially the PIN cert?

Ignore Nairobi, Mombasa, Kisumu, etc...