Re: [kictanet] KCB-Posta partnership in agency banking
Mwendwa made a good point on the post office versus the post bank (see below). I sent out the two links in a rush yesterday, so didn't even think that far. I've had a quick google look at PostBank and it looks like they are using the agency banking concept themselves to widen their reach: http://www.postbank.co.ke/this.news.php?title=Agency%20Banking%20with%20Post... Also, I suspect that part of the explanation might lie in what KCB and Postbank can do: As far as I can see from the Postbank website, the corporation can only accept desposits, but cannot intermediate these, i.e. cannot provide loans (I've seen some online references that it was thinking about introducing these services, but am not sure how far that went). KCB is a full commercial bank, so it can do both deposits and loans. I think agents can't decide on loan applications, but they can disburse loan payments, and accept repayments. Does anyone know more? On 7 July 2011 10:46, lordmwesh <lordmwesh@gmail.com> wrote:
I thought Post(a) was the same as Post(bank) some years back.
Therefore I can deduce that Post Bank should be the first to do agency banking with Posta
Regards Mwendwa
On 6 July 2011 16:15, Andrea Bohnstedt < andrea.bohnstedt@ratio-magazine.com> wrote:
Dear all,
I trust that this will interest a couple of people on the list :)
KCB and Postal Corporation of Kenya sign an agency banking deal
http://www.ratio-magazine.com/201107063966/Corporate-Press-Releases/Kenya-Pr...
Not sure if I sent round the link for this article we recently did on agency banking?
http://www.ratio-magazine.com/201106223957/Kenya/Expanding-Financial-Service...
Have a good afternoon, Andrea
-- Andrea Bohnstedt <http://ke.linkedin.com/in/andreabohnstedt> Publisher +254 720 960 322
www.ratio-magazine.com Find/post East Africa careers<http://www.ratio-magazine.com/careers/index.php> Find/post conferences, workshops, trainings, other business events<http://www.ratio-magazine.com/businessevents/index.php>
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-- Andrea Bohnstedt <http://ke.linkedin.com/in/andreabohnstedt> Publisher +254 720 960 322 www.ratio-magazine.com Find/post East Africa careers<http://www.ratio-magazine.com/careers/index.php> Find/post conferences, workshops, trainings, other business events<http://www.ratio-magazine.com/businessevents/index.php>
Andrea, Acually,Post Bankis called Kenya Post Office Savings Bank. ---- I thought Post(a) was the same as Post(bank) some years back.Therefore I can deduce that Post Bank should be the first to do agency banking with Posta. Regards Mwendwa On 7 July 2011 10:58, Andrea Bohnstedt <andrea.bohnstedt@ratio-magazine.com>wrote:
Mwendwa made a good point on the post office versus the post bank (see below).
I sent out the two links in a rush yesterday, so didn't even think that far. I've had a quick google look at PostBank and it looks like they are using the agency banking concept themselves to widen their reach:
http://www.postbank.co.ke/this.news.php?title=Agency%20Banking%20with%20Post...
Also, I suspect that part of the explanation might lie in what KCB and Postbank can do: As far as I can see from the Postbank website, the corporation can only accept desposits, but cannot intermediate these, i.e. cannot provide loans (I've seen some online references that it was thinking about introducing these services, but am not sure how far that went).
KCB is a full commercial bank, so it can do both deposits and loans. I think agents can't decide on loan applications, but they can disburse loan payments, and accept repayments.
Does anyone know more?
On 7 July 2011 10:46, lordmwesh <lordmwesh@gmail.com> wrote:
I thought Post(a) was the same as Post(bank) some years back.
Therefore I can deduce that Post Bank should be the first to do agency banking with Posta
Regards Mwendwa
On 6 July 2011 16:15, Andrea Bohnstedt < andrea.bohnstedt@ratio-magazine.com> wrote:
Dear all,
I trust that this will interest a couple of people on the list :)
KCB and Postal Corporation of Kenya sign an agency banking deal
http://www.ratio-magazine.com/201107063966/Corporate-Press-Releases/Kenya-Pr...
Not sure if I sent round the link for this article we recently did on agency banking?
http://www.ratio-magazine.com/201106223957/Kenya/Expanding-Financial-Service...
Have a good afternoon, Andrea
-- Andrea Bohnstedt <http://ke.linkedin.com/in/andreabohnstedt> Publisher +254 720 960 322
www.ratio-magazine.com Find/post East Africa careers<http://www.ratio-magazine.com/careers/index.php> Find/post conferences, workshops, trainings, other business events<http://www.ratio-magazine.com/businessevents/index.php>
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The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform for people and institutions interested and involved in ICT policy and regulation. The network aims to act as a catalyst for reform in the ICT sector in support of the national aim of ICT enabled growth and development.
KICTANetiquette : Adhere to the same standards of acceptable behaviors online that you follow in real life: respect people's times and bandwidth, share knowledge, don't flame or abuse or personalize, respect privacy, do not spam, do not market your wares or qualifications.
-- ______________________ twitter.com/lordmwesh transworldAfrica.com <http://transworldafrica.com/> | Fluent in computing kenya.or.ke | The Kenya we know
-- Andrea Bohnstedt <http://ke.linkedin.com/in/andreabohnstedt> Publisher +254 720 960 322
www.ratio-magazine.com Find/post East Africa careers<http://www.ratio-magazine.com/careers/index.php> Find/post conferences, workshops, trainings, other business events<http://www.ratio-magazine.com/businessevents/index.php>
-- ______________________ twitter.com/lordmwesh transworldAfrica.com <http://transworldafrica.com/> | Fluent in computing kenya.or.ke | The Kenya we know
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