[kictanet] KCB-Posta partnership in agency banking

[Andrea Bohnstedt]

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%20Postbank

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 at 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 at 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-Press-Releases-KCB-and-Postal-Corporation-of-Kenya-Sign-Agency-Banking-Deal.html
>>
>> 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-Services-in-Kenya-Agency-Banking-versus-Mobile-Banking.html
>>
>> Have a good afternoon,
>> Andrea
>>
>>
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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>
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