The group rescheduled 32% of all client loans to support recovery from COVID-19 pandemic | THE INDEPENDENT | Equity Group Holdings has recorded a 99% jump in profit after tax to Ksh40bn for the year ended December 2021 riding on higher yields from interest paid by borrowers and an improved business environment. The lender also […]
Tag: equity group holdings
Kenyan Banks Poised for Fastest Credit Growth in Six Years
Credit growth at Kenya’s largest banks is set to expand at the fastest pace in six years as they shift cash parked in government securities to lending to the private sector. Lenders in East Africa’s biggest economy were stymied as regulatory decisions hampered their ability to price risk. The central bank is now expected to […]
Africa: Angaza Awards Recognizes Female Senior Executives in the Banking and Finance Sector in Africa.
Launched in October 2020, Angaza Awards Recognizes Female Senior Executives and Emerging Leaders in the banking and finance sector in Africa. This year’s event is all set for April. The 2022 Awards received entries from nine (9) countries, namely Côte d’Ivoire, Kenya, Mauritius, Nigeria, Rwanda, South Africa, Uganda, Zambia and Zimbabwe, representing professionals from Investment […]
Kenyan Banks Poised for Fastest Credit Growth in Six Years
(Bloomberg) — Credit growth at Kenya’s largest banks is set to expand at the fastest pace in six years as they shift cash parked in government securities to lending to the private sector. Lenders in East Africa’s biggest economy were stymied as regulatory decisions hampered their ability to price risk. The central bank is now […]
Kenyan Bank in Talks With Ghana Lender to Expand in West Africa
(Bloomberg) — Kenya-based NCBA Group is negotiating with a Ghanaian lender with the aim of agreeing on a partnership to expand in the west African market, according to Chief Executive Officer John Gachora. “We’re actually looking into having something this year,” Gachora said in an interview on Thursday, without identifying the company. “We are working […]
Equity : Financial Statement as at 31st December 2021
EQUITY GROUP HOLDINGS PLC AUDITED FINANCIAL STATEMENTS AND OTHER DISCLOSURES FOR THE YEAR ENDED 31ST DECEMBER 2021 STATEMENT OF FINANCIAL POSITION AS AT > ASSETS > Cash (both local & foreign) Balances due from Central Bank of Kenya Kenya Government and other securities held for dealing purposes Financial assets at fair value through profit and […]
Equity : IT’S A RECORD PERFORMANCE FOR EQUITY GROUP
29% growth in Balance Sheet to Kshs 1.305 trillion from Kshs 1.015 trillion 29% growth in customer deposits to Kshs 959 billion from Kshs 740.8 billion Emerges the largest bank in Kenya and in the region by all key parameters: balance sheet, profitability, market capitalisation and customer base Improvement in NPLs from 11% to 8.3% […]
Fintechs as drivers of leading financial products in Kenya
There is more value in having multiple perspectives as opposed to tunnel vision. The corona epidemic has been so far the biggest disruptor of global trade and investments in the past 50 years. Corona has acted as a catalyst for world’s resilience. So hardened are we for external shocks that terror attacks, extreme weather, climate […]
Equity Group Holdings announces its Recovery and Resilience Plan
Equity Group has announced its strategic ‘Africa Recovery and Resilience Plan’, articulated in a three-part document, which is aimed at achieving social and economic transformation of Africa. Speaking at the event held today at the Sarova Stanley Hotel in Nairobi, Equity Group Holdings Managing Director and Chief Executive Officer (CEO), Dr James Mwangi, disclosed that […]
MWANGI: Why I believe Congo will drive Equity group’s growth
Equity Group Managing Director and chief executive James Mwangi. PHOTO | DENNIS ONSONGO | NMG We are a trusted broker, because we know both sides and we have no interest other than in their success. We gave the Congolese the impression that this is a bank that cares, and the Kenyans that this is a […]
