Equity Appointments

Equity Appointments

Equity Appointments

Equity Appointments

*Subject to regulatory approval

Up 50%. 50 is the next stop

100%gain in a year. I call that smart investing

Things are thick at Equity bank.While coop bank is expanding they are shrinking.

http://www.businessdaily...456-1074unnz/index.html

Equity Bank has started closing some of its automated teller machines (ATMs) as the lender shifts customers to alternative channels such as agency and mobile banking in a fresh cost-cutting strategy.
Kenya’s biggest bank by customer numbers told the Business Daily it has so far closed 11 ATM lobbies, each of which had multiple cash dispensing machines.
Equity’s chief executive James Mwangi reckoned that while ATMs require upfront capital investments to acquire the machines and lease space yet depreciate at 20 per cent annually, agency and mobile banking have no such capital commitments.

Negative sentiments still persists...and the shares have shrugged off the sentiments.

Equity bank caught flat footed again.
Obiero and VVS what's your view.

The African Development Bank (AfDB) tops the list of lenders having advanced RVR Sh4 billion, the German Development Agency (Sh3.2 billion) and the World Bank’s private sector lending arm, the International Finance Corporation (Sh2.2 billion).

Also on the list of RVR’s lenders are the Dutch Development Bank (Sh2 billion), the ICF Debt Pool (Sh2 billion), the Belgian Investment Company for Developing Countries (Sh1 billion), and Equity Bank(Sh1.7 billion).

http://www.businessdaily...44256-14mo4vg/index.html