It is not too difficult to figure out who is behind the nasty anti-Equity emails because the bank's enemies are well known.
In the days of TradeBank several big banks spread many nasty runours against TradeBank and the fact that the bank ended up being closed laid credence to a lot of the rubbish they were talking under the table.
There have even been cases where fights have almost broken out in the field between employees of banks like Barclays and Equity.
The truth is that the big foreign banks in Kenya believe that Equity have taken away their clients (whom they consider their birth right). The reality is a little different. Once upon a time big banks in Kenya were getting pretty fat on high interest government treasury bills that were at one point paying out close to 80 per cent interest that they decided they did not want to bother with small accounts. This was around 1992 the year when Equity missed receivership by a whisker. It was quickly decided that the then building society change its focus from mortgages to banking services to meet the needs of many Kenyans who had resorted to putting their cash under pillows after all the big banks went on a campaign to close small accounts. What followed is the staff of legend at the bank. It is said that many customers came to Equity with their paltry cash while crying after the harsh words arrogant managers at banks like Barclays and Standard had shouted at them. The rest as they is history.