Equity Group Holdings Plc has completed the acquisition of a majority stake in the Congolese lender Banque Commerciale Du Congo (BCDC) at a discounted price of $95 million after getting a 10 per cent discount. Last year September, Equity bank announced it had agreed with the George Arthur Forrest and family a major shareholder to […]
Equity Group Holdings Ltd is set to become the Democratic Republic of Congo’s biggest foreign bank after completing its acquisition of BCDC — the country’s second-largest lender. Equity Bank, which is listed on the Nairobi Securities Exchange (NSE) and cross-listed on the Uganda and Rwanda stockmarkets, already has a foothold in the DRC through Equity […]
Equity Group Holdings has acquired a majority stake in a Congolese bank at a cost of Sh10.3 billion as the race to the pinnacle of Kenya’s banking sector intensifies. In a public announcement, Equity Group CEO James Mwangi ( pictured ) said yesterday the lender had reached an agreement with George Forrest and met all […]
There is no recovery in sight yet for Africa’s worst-performing stock market as investors look to bank earnings this month to assess how hard the coronavirus pandemic hit Kenyan lenders. Net foreign-investor outflows and reduced dollar earnings led the Nairobi Securities Exchange 20 Share Index to slide for seven consecutive months through July, falling to […]
Equity Group Holdings CEO James Mwangi (PHOTO: FILE) NAIROBI, KENYA: The Equity Group Holdings has inked a better deal with a Congolese bank reducing consideration from the previous Sh11.2 billion (USD 105m) to Sh10.1 billion (USD 95 million). The group on Tuesday said the deal has met all the necessary approvals and the acquisition was […]
Equity Group Managing Director James Mwangi addresses investors during the bank’s quater 3 update on November 12 Equity Group has completed the acquisition of a 66.53 per cent bank in the Commercial Bank of Congo (Banque Commerciale du Congo). The deal which doubles on the local bank’s presence in the Democratic Republic of Congo (DRC) […]
Equity Group CEO James Mwangi. FILE PHOTO | SALATON NJAU | NMG Equity Group Holdings Plc has completed the acquisition of a majority stake in the Congolese lender Banque Commerciale Du Congo (BCDC) at a discounted price of $95 million. In September last year, Equity announced it had agreed with the majority shareholder— George Arthur […]
Equity Group Holdings CEO James Mwangi (PHOTO: FILE) NAIROBI, KENYA: The Equity Group Holdings has inked a better deal with a Congolese bank reducing consideration from the previous Sh11.2 billion (USD 105m) to Sh10.1 billion (USD 95 million). The group on Tuesday said the deal has met all the necessary approvals and the acquisition was […]
EQUITY CENTER Equity has been recognized among the top 1000 best banks globally by the Financial Times Banker Magazine. Equity was ranked at position 754 out of 1000 global banks, a ranking that was based on an array of metrics including the size of the lender, financial soundness, profits on capital, and return on assets. […]
Equity Group Holdings Plc has completed the acquisition of a majority stake in the Congolese lender, Banque Commerciale Du Congo (BCDC) at a discounted price of $95 million . The takeover began in September last year when Equity Bank first announced its partnership with BCDC majority shareholder, George Arthur Forrest and family. The Kenyan money […]
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