Connect with us

Hi, what are you looking for?

Cyprian Is Nyakundi

News

Equity Agents Decry Neglection by Bank’s Management

PHOTO CAPTION: Equity Bank has thousands of agency outlets offering services such as account opening; cash deposits and withdrawals; NHIF registrations and bill payments.

Equity Bank agents have raised concerns over the massive decline of the once flourishing business venture.

They accuse the bank’s management in Nairobi of unfairly neglecting thousands of its affiliates across the country despite the special service providers playing a major role in handling a huge chunk of their clientele on the ground.

Writing to this blog on Friday, August 5, one agent claimed that the giant financial institution no longer bothers to service or replace broken Point of Sale (POS) machines.

Some have been faulty for over 5 years, with the bank providing no immediate remedy for the disturbing predicament.

All they get are empty promises from the bank’s senior managers.

“Hi, Nyakundi,

Please hide my identity.

Equity agents are suffering a lot and silently.

The bank as big as it is, a bank which claims agency business is providing more than 80% of its services, has not been giving out POS machines for new agents nor replacing the damaged ones for existing agents.

This is now for about 4 to 5 years.

Many of the agents have now closed down their businesses as there is no way one can continue paying rent for a business that is not in existence nor remain jobless while your source of income has been stopped with promises that are not likely to be met through empty promises.

Thanks, and please, hide my identity,” the source writes.

In order to provide customers with easier access, the bank has contracted over 42,000 third-party entities to extend banking services regulated by Central Bank.

They range from retail outlets, corporates in malls and buildings and postal outlets, which are vetted and accredited by the bank across the region.


Would you like to get published on this Popular Blog? You can now email Cyprian Nyakundi any breaking news, Exposes, story ideas, human interest articles or interesting videos on: [email protected] Videos and pictures can be sent to +254 710 280 973 on WhatsApp, Signal and Telegram.


Comments

comments

Click to comment

Facebook

You May Also Like

News

Christ is the Answer Ministries (CITAM), a Kenyan Pentecostal church that runs a wide business conglomerate targeting the urban populace, continues to thrive financially....

News

Corporate Insurance Company is on the verge of going under, reports now suggest. Hardly a week ago, this blog highlighted the plight of a...

News

Former prime-time TV news anchor Jacque Maribe has landed a senior government post in the Office of the Deputy President of Kenya. Circulating media...

News

Employees at the Kenya National Highways Authority are currently surviving without medical cover following a botched insurance brokerage tender by the Liaison Group. The...

Copyright © 2021 Cyprian Is Nyakundi.

%d bloggers like this: