Personal banking pays


Peace be upon you, Kenya

Small is big: The whole country is focused on exam results (and peace deals) but my focus is on the banking sector: How do the four banks that have reported compare with estimates earlier estimates?

– 10. NIC – profit 1.05 billion realized against 1.1 billion estimated
– 3 Standard Chartered – 4.9b exceeds 3.5b
– 2. KCB 3.5b underachieving 4.3b
– Barclays 7.08b underachieving 8.5b*

The Kenyan corporate banking market is saturated and banks may have to go after smaller customers (personal banking and SME’s) to continue to achieve super-profits. To prove it, look at KCB and Standard Chartered – Kenya’s No. 2 and 3 banks’. Two years ago (2005) they were virtually the same size 70 billion, and two years later (2007) KCB is 20 billion shillings larger in assets (112b ~ $1.6b) than standard chartered (91b) (corporate focus),

This vindicates Barclays who have gone for personal business and can expect an even better 2008/09 and, of course Equity Bank – who have overhauled the entire mid-size banks sector in four years)

I love exams: For some reason KCPE and KCSE results bring this blog’s biggest single-day traffic – 5X normal (thanks to an obscure post) as parents and students hit google to search for how they can get results online.

opportunities
(some fin jobs, most from the daily papers)

African Development Bank Young Professionals Program.d/l is 15/3 (details at the Economist )
APA Insurance: head of business development, chief underwriter (general insurance) business developers (2). apply to recruitment@apainsurance.com
– Director of internal audit at East Africa development bank (based in Kampala). Apply through Deloitte – esd@deloitte.co.ug by 14/3
Gulf African Bank: relationship managers, business bankers, credit analysts, database admin, IS auditor. Apply to Recruitment@gulfafricanbank.com by 5/3
KCB: branch managers, call center manager, product development manager (S&L). apply to recruitment@kcb.co.ke by 5/3
Kenya Airways: Commercial Director, Group Finance Director, Chief Operating Officer (and others)
Kengen: business development & strategy director, operations director, finance & commercial director, internal audit manager, company secretary/legal & corp. affairs director, regulatory affairs director. apply through KPMG esdkengen@kpmg.co.ke by 14/3
KIPPRA – young professionals (11). Apply to hr@kippra.org by 20/3
KPMG: senior advisor – public sector & development, advisor – public sector & devt. (2) – talentrecruit@kpmg.co.ke by 3/3. also manager corporate finance & transactions services/l 12/3
Safaricom: Business Intelligence Developer, Retail Sales Manager, Retail Centre Manager, Area Retail Manager (and others)

1 thought on “Personal banking pays

  1. Vituko Kenya

    “Crime climbs down by 13 percent”.
    http://www.eastandard.net/news/?id=1143982617
    &cid=4

    According to a Standard Newspaper reporter – Crime climbed down after climbing up!!!
    Local journalists need more training – grammar!!!

    Define climb: #rise: increase in value or to a higher point; “prices climbed steeply”; “the value of our house rose sharply last year”

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