Is EQUITY bank CRUMPLING ……Kenyans have their SAY!!

Thursday, July 11, 2013 - For about two weeks, Equity Bank’s ATM and agent services were down which according to their C.E.O. James Mwangi was due to some system maintenance problem which went wrong.

The systems are now up and running but Kenyans can barely help themselves from speculating what had happened. According to some, Equity had lent some billions of shillings to the CBK, while some people allege that some IT personnel who had been fired were behind it.

Below are some comments from social media:

You realise how corrupt we are in the media when every worthy journalist is so quiet about the problems in #EquityBank - Robert Alai

Equitybank must be going down at the rate at which it rose, remember experts question that - Gilbert Korir

Ati Equity Bank has turned all bank accounts to fixed deposit accounts - @Olez

#UchokoziNi kuendea loan Equity ka umedunga t-sho ya Kcb."

Equity bank atm trouble,am nt suprised,anatha day i withdrew a 1k fake note,fuck em - @Juliustifla

People making noise about
#equitybank have little or knowledge in banking. With the current banking rules no bank can collapse that easy. - Jah siri msanii

Sema
#EquityBank sema accounts za watu
kupoteza pesa.. sema pyramid
scheme .....sema queues ..Be warned!! A national disaster on the way. Alexty Waweru

Businesses now refusing to accept
#EquityBank cheques. KIambu Road Veterinary Clinic has advised a client that they don't accept them. - Robert Alai

#
EQUITYBANK depositing but no withdrawing!..eish ukora nayo! - Lawrence Amba


The Kenyan DAILY POST

15 comments for Is EQUITY bank CRUMPLING ……Kenyans have their SAY!!

  1. Equity should come out and issue a credible statement to allay our worst fears

  2. i urge all equity bank customers to check their statements carefully for any "errors" which may have occurred when systems were down. the problem with the bank management was keeping quiet and not telling their loyal customers what was happening! people were panicking, there was no information, it was end month and the result is damaged trust from customers.

  3. Equity should know people. choices have consequences. just wait.....

  4. they might be advertising new jobs soon in IT experts be ready

  5. equity bank has internal issues, KCB has taken some top brass

  6. The bank has lost many contracts. narok county, isiolo county, kicked out of city hall, dr mwangi lost cabinet secretary position, systems down.... fill in the dots!

  7. who cares anyway we are used to keeping our kidogo money under the simple matress let it go down forever amen

  8. Ask former /or current employees of the bank who joined the then Equity Building Society (EBS) before year 2002 and you will know the integrity or lack of it among the senior most owner managers.

    You may be left shell shocked.

  9. 08:17 is right. i left the bank 4 weeks ago. their are a few good managers in the bank the nice departments are IT. marketing under a new general manager. customer care. research. card center. worse is communications pr who hold the bank behind they are not as smart as they think w did not want them in meetings

  10. CURRENTLY EQUITY BANK ARE MISTREATING THEIR CUSOMERS. IF YOU DEFAULT ONE REPAYMENT-LOAN DUE TO UNFORSEEN PROBLEM , YOU ARE HANGED UNLIKE OTHER BANKS WHO RESCHEDULE.

  11. Run run baby run. You have been forewarned!

  12. AM TAKING OUT ALL MY MONEY.THE RISE AND FALL.

  13. i think we are unfairly bashing EQUITY. This whole issue reminds of the years 2006 and 2007 when there was a talk of the bank going bankrupt and nothing happenned. In fact, there is one particular branch where customers withdrew their money enmass in two days fearing the bank would go under but got surprised when they saw the bank still stood strong a month later.

    Please note that the bank has problems like any other bank and believe me it wont go bankrupt!!!

  14. banki ya okuyu ngai fafa!!

  15. My only issue is I went for my statements and they can only produce them as from January this year system error..hmmm

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