Wazua
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Barclays FY2014 expectation
Rank: Member Joined: 3/15/2009 Posts: 362
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Their net for nine months is the pre tax for kcb first quarter only, when did this bank loose the plot
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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shocks wrote:Their net for nine months is the pre tax for kcb first quarter only, when did this bank loose the plot When they started sifting their clientele.... possunt quia posse videntur
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Rank: Chief Joined: 1/3/2007 Posts: 18,350 Location: Nairobi
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shocks wrote:Their net for nine months is the pre tax for kcb first quarter only, when did this bank loose the plot BBK was by far the MOST profitable bank in Kenya in the 90s & even into early 2000s. It was THE bank. Not KCB. Not Stanchart. Anyone who was a serious/genuine businessman had an account at BBK or Stanchart. Then came the bull-headed decision to fukuzwa 'wananchi' from their branches. BBK not only closed some branches but they kicked out customers with less than 5K. Stanchart did something similar. Then came the likes of Equity which bought out fully kitted branches from BBK & SCBK at a pittance. Equity, KCB (revamped under Gareth George, Terry Davidson, Martin Oduor-Otieno), Family, etc recruited the same customers who BBK booted out. The rest, my friends, is history! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 7/3/2007 Posts: 1,635
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VituVingiSana wrote:shocks wrote:Their net for nine months is the pre tax for kcb first quarter only, when did this bank loose the plot BBK was by far the MOST profitable bank in Kenya in the 90s & even into early 2000s. It was THE bank. Not KCB. Not Stanchart. Anyone who was a serious/genuine businessman had an account at BBK or Stanchart. Then came the bull-headed decision to fukuzwa 'wananchi' from their branches. BBK not only closed some branches but they kicked out customers with less than 5K. Stanchart did something similar.Then came the likes of Equity which bought out fully kitted branches from BBK & SCBK at a pittance. Equity, KCB (revamped under Gareth George, Terry Davidson, Martin Oduor-Otieno), Family, etc recruited the same customers who BBK booted out. The rest, my friends, is history! BBK and SBK forgot an important fact 'poverty is a place we pass through not a life residence.' By their foolishness they created the foundation for one of the greatest banking revolutions ever seen. But that was a long time ago. What will it take for Kenyans to forgive and move on, yawa! "The opposite of a correct statement is a false statement. But the opposite of a profound truth may well be another profound truth." (Niels Bohr)
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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Wakanyugi wrote:VituVingiSana wrote:shocks wrote:Their net for nine months is the pre tax for kcb first quarter only, when did this bank loose the plot BBK was by far the MOST profitable bank in Kenya in the 90s & even into early 2000s. It was THE bank. Not KCB. Not Stanchart. Anyone who was a serious/genuine businessman had an account at BBK or Stanchart. Then came the bull-headed decision to fukuzwa 'wananchi' from their branches. BBK not only closed some branches but they kicked out customers with less than 5K. Stanchart did something similar.Then came the likes of Equity which bought out fully kitted branches from BBK & SCBK at a pittance. Equity, KCB (revamped under Gareth George, Terry Davidson, Martin Oduor-Otieno), Family, etc recruited the same customers who BBK booted out. The rest, my friends, is history! BBK and SBK forgot an important fact 'poverty is a place we pass through not a life residence.' By their foolishness they created the foundation for one of the greatest banking revolutions ever seen. But that was a long time ago. What will it take for Kenyans to forgive and move on, yawa! if we have not forgiven telkom kenya why should we forgive barclays?  "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Wakanyugi wrote:VituVingiSana wrote:shocks wrote:Their net for nine months is the pre tax for kcb first quarter only, when did this bank loose the plot BBK was by far the MOST profitable bank in Kenya in the 90s & even into early 2000s. It was THE bank. Not KCB. Not Stanchart. Anyone who was a serious/genuine businessman had an account at BBK or Stanchart. Then came the bull-headed decision to fukuzwa 'wananchi' from their branches. BBK not only closed some branches but they kicked out customers with less than 5K. Stanchart did something similar.Then came the likes of Equity which bought out fully kitted branches from BBK & SCBK at a pittance. Equity, KCB (revamped under Gareth George, Terry Davidson, Martin Oduor-Otieno), Family, etc recruited the same customers who BBK booted out. The rest, my friends, is history! BBK and SBK forgot an important fact 'poverty is a place we pass through not a life residence.' By their foolishness they created the foundation for one of the greatest banking revolutions ever seen. But that was a long time ago. What will it take for Kenyans to forgive and move on, yawa! 1. Refund with interest the out-of-this-world monthly charges of Ksh. 500 then! 2. Apologize and refund with interest ALL monies stolen via "cash handling" charges on deposits. Deposit!!! Pesa Nane plans to be shilingi when he grows up.
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Rank: Chief Joined: 1/3/2007 Posts: 18,350 Location: Nairobi
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Wakanyugi wrote:VituVingiSana wrote:shocks wrote:Their net for nine months is the pre tax for kcb first quarter only, when did this bank loose the plot BBK was by far the MOST profitable bank in Kenya in the 90s & even into early 2000s. It was THE bank. Not KCB. Not Stanchart. Anyone who was a serious/genuine businessman had an account at BBK or Stanchart. Then came the bull-headed decision to fukuzwa 'wananchi' from their branches. BBK not only closed some branches but they kicked out customers with less than 5K. Stanchart did something similar.Then came the likes of Equity which bought out fully kitted branches from BBK & SCBK at a pittance. Equity, KCB (revamped under Gareth George, Terry Davidson, Martin Oduor-Otieno), Family, etc recruited the same customers who BBK booted out. The rest, my friends, is history! BBK and SBK forgot an important fact 'poverty is a place we pass through not a life residence.' By their foolishness they created the foundation for one of the greatest banking revolutions ever seen. But that was a long time ago. What will it take for Kenyans to forgive and move on, yawa! What BBK (& Stanchart) have is 'trust' [backed by the humongous parents] so a hiccup with Equity (think Imperial) will cause a stampede of (private sector) corporate customers to BBK & SCBK. Perhaps even to KCB since it has the backing of GoK. Other than that, BBK & SCBK have lost the plot for a long time to come. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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