August 31st is the deadline fro Banks to report their un-audited quarterly accounts as at June 30th. So far all nine Banks have posted profits at about 1% return on total assets – with Dubai Bank the highest so far at 3.38%.
Many employees of Equity Bank may not see the may not see the pot of gold at the end of the rainbow that is the Bank’s IPO later this year as staff turnover is very high at the rapidly expanding Bank. Long working hours in extremely busy banking halls are the norm and unexcused employee absences often lead to instant dismissal
Upper Hill CBA
CBA new Upper Hill headquarters building should be ready late this year. Following the merger with First American, some Nairobi branches, and one in Mombasa will be closed next year.
KCB will close its Tom Mboya and Moi Avenue branches. They will expand the Kencom banking hall, which has been underutilized for years. The KCB Card Centre has already been removed to Sarit Centre from the Moi Ave. branch which occupied two buildings.