Equity Bank featured in the book as a Case Study for Best Practice in Africa.
June 8, 2017: The global book launch of “Developing Africa’s Financial Services - The Importance of High-Impact Entrepreneurship” took place on June 6, 2017, from 12pm to 1:30 pm at the World Bank headquarters in Washington, D.C.
05/04/2017...Equity Bank is a recipient of the Humanitarian Resilience Impact Award at this year’s RES/CON 2017 Global Resilience Summit held in March in New Orleans, United States.
33 scholars from the 2016 class of Equity Leaders Program Scholars Admitted to Global Universities in Early Decision. Total admissions expected to double with Regular Decision.
Proposed dividend of KShs 2 per share, a growth of 13% yoy reflecting an increased payout ratio from 39% to 44%.
Nairobi November 16th 2015… Equity Bank Kenya Limited today announced withdrawal of a one month notice that it had issued to its customers to increase interest rates on loans effective 19th November 2015. Effectively, Equity Bank Kenya has given its’ customers reprieve of higher loan repayments that would have come with the higher interest rates on loans.
Nairobi October 26th 2015…. Equity Group Holdings Limited strategic initiatives and innovations geared toward enhancement of access, convenience and affordability of financial services have seen the regional diversified services firm maintain its growth momentum in the just concluded 3rd quarter ended 30th September 2015.
Dr. James Mwangi scoops CEO of the Year Award at the Africa Investor Summit in New York
5/10/2015……Equity Group Holdings CEO Dr. James Mwangi was recognized as the 2015 Ai40 CEO of the Year at this year's 8th Annual Africa Investor (Ai) CEO Investment Summit held in New York.
Equity Investment Bank enters the Unit Trust market with a near market leadership position from a return perspective…… …commences daily yield reporting for its KShs 2billion funds under investment portfolio
1st Oct 2015….Equity Investment Bank (EIB) has hit the ground running in the mutual funds market with nearly KShs 2.04 billion funds under management, barely three months into the soft launch of unit trust products by its Asset and Wealth Management division.
30th September 2015 .......Equity Group Holdings, Managing Director, Dr. James Mwangi, has received a rare honor from Cornell University, a top ranked Ivy League university.
Over 10,377 children have benefited from comprehensive secondary school scholarships and over 1.2m young men and women trained in financial literacy
New York 29th September 2015 ……Equity Group Holdings CEO and MD Dr James Mwangi speaking in New York said that the Wings To Fly program and the Financial Literacy training program known as Financial Knowledge for Africa (FIKA) has achieved the targets that Equity Group and The MasterCard Foundation had committed to during the Clinton Global Initiative (CGI) in 2010.
The Group taps from within and promotes former Citibank and Stanchart senior executive who has been serving as the Group Director of Operations at Equity
President Uhuru Kenyatta flags off 65 Equity Leaders Program scholarship recipients proceeding for further studies in Global universiti
Bringing the total number of ELP scholars in global universities to 265
Nairobi 13th August 2015… A new crop of 65, Equity Leaders Program (ELP) Scholarship recipients were yesterday afternoon flagged off by President Uhuru Kenyatta, as they embarked on their academic tour of duty in global universities.
‘as the Group’s Equity 3.0 strategy gains momentum driven by regional expansion, revenue growth and diversification’
* Balance sheet grows by 32% to over KShs 400 billion
* Total Deposits grows by 40% to Kshs 301 billion
* Loans increases by 27% to Kshs 236.8 billion
* Equitel registers over 1 million subscribers with cumulative monthly growth rate of 93% SIM uptake
* Strategic Initiatives post impressive results
- 27% increase in Diaspora remittances commissions
- 57% increase in Merchant commissions
- 30.5% increase in Mobile Banking transactions
- 38.5% increase in Agent transactions
- SME’s and large enterprises now account for 68.4% of the loan book
- 64% increase in regional subsidiary assets
- 41% increase in profit of regional subsidiaries
23/07…Regional diversified business services firm, Equity Group Holdings, has stepped in as a Diamond sponsor, for the Global Entrepreneurship Summit (GES) Pre-Summit Expo, that kicks off today.
- Equitel brings to the fore the convergence between mobile and banking services.
- Equitel aims to further financial services inclusion with a target of stepping up banking access in Kenya from the current 53percent to 90 percent and above in the first phase.
- Equitel unveils the Equity Thin SIM that converts all single sim phones into dual sim phones, enabling millions to access two telcom service providers bringing choice of service and products for the first time.
- The bank has unveiled a new 0764 prefix after hitting one million customers on the previous 0763 prefix.
- Equitel to provide both banking and telcom services including voice, data and SMSs services.
- Equitel enables Equity Bank to introduce free national money transfer on interoperable systems.
Monday 20th July 2015: Equity Bank Group today launched Equitel, a new mobile payment and banking platform for its customers –that officially brings to the fore the convergence between mobile and banking services in Kenya.
Nairobi, Kenya, July 3rd 2015– African Development Bank (AfDB) and Equity Bank (Kenya) Limited (Equity) have today signed an agreement for a US $148-million multi-sector senior Line of Credit to facilitate onward lending to key economic sectors in Kenya.
When it comes to professionalism, experience and diversity of the top management, no Kenyan bank comes even closer to Equity, the biggest lender by customer base, making it an ideal candidate for a case study on what makes an effective executive team.
Nairobi 26th May 2015 ….. Equity Group Holdings Limited (“EGHL”) has entered into an agreement with ProCredit Holding AG & Co. KGaA (PCH), Belgische Investeringsmaatschappij Voor Ontwikkelingslanden N.V (“BIO”) and Stichting DOEN (“DOEN”) to acquire 79% of the issued share capital of ProCredit Bank Congo S.A. (“ProCredit”), a public limited liability company established in the Democratic Republic of Congo (“DRC”).
Diversification strategy pays off as EGHL posts13% growth in PBT and welcomes new Strategic Investor
29/04/2015…Regional financial services provider, Equity Group Holdings, has recorded a 13% increase in Profit before Tax in the first quarter of 2015.
The Group’s pre-tax profits for the period increased by 13% to KShs 6.1 billion up from KShs 5.4 billion posted over the same period last year. The performance is largely attributed to growth in intermediation business and successful outcomes from the revenue diversification initiatives under implementation.
LONDON, 29/04, 2015 – Norfund and Norfinance AS (a joint venture investment company between Norfund and Norwegian private investors) have completed the purchase of a 12.223% interest in Equity Group Holdings Ltd. (“Equity”), representing half of Helios Investment Partners’ (“Helios”) interest in Equity. The transaction was initially announced on January 16th 2015.
…market expansion to ten key African markets is part of the Equity 3.0 growth strategy
31/03…The shareholders of Equity Group Holdings (formerly Equity Bank Limited), have approved a raft of resolutions to set the foundation for the firm’s pan African expansion initiative
…innovates card payments aimed at deepening financial inclusion
18/2…Equity Bank Kenya has announced the launch of a prepaid card in conjunction with MasterCard. The card, which is readily usable to pay for bus fare in Kenya in line with the recent government directives on cashless bus fare payment system is more than a travel card.
Kigali, Rwanda, 12th February 2015 …The Rwanda Stock Exchange (RSE) has this morning officially welcomed Equity Group Holdings in its banking securities counter.
The regional integrated financial services firm, with banking interests in Rwanda, Uganda, South Sudan and Kenya, has joined the nascent Rwanda Stock Exchange (RSE) as part of its regional development strategy.
…Expresses appreciation for private sector support in education delivery and financing
16/1…President Uhuru Kenyatta, has expressed the government’s appreciation for the ongoing support by private sector players in facilitating quality education delivery in the country.