Equity Group Holdings Plc has reported a 98% growth in half-year profits to sh572b (Kshs17.9b) up from sh291b (Kshs.9.1b) the previous year. Speaking while releasing the results, Equity Group Managing Director and chief executive officer Dr James Mwangi attributed the growth to the Group’s aggressive growth strategy. “The defensive and offensive strategy adopted by the […]
(Bloomberg) — Equity Group Holdings Plc expects its business in the Democratic Republic of Congo to drive future growth of Kenya’s biggest bank by market value. After concluding an acquisition that formed the DRC’s second-biggest bank last year, the subsidiary’s deposits almost quadrupled and loans jumped 160%, according to Chief Executive Officer James Mwangi. Leadership […]
Equity Group Managing Director and CEO, Dr. James Mwangi (centre), Group Director Strategy, Strategic Partnerships and Investor Relations, Brent Malahay (left) and Group Head of Financial and Regulatory Reporting, Mary Nteere (right) discuss the Group’s 2021 Half Year performance during the Group Investor Briefing. Growth in profit after tax of 98% ($163.5 million) Total Assets […]
NAIROBI – Equity has been named the Best Regional Bank in East Africa by the 2021 African Banker Awards. The award was conferred to the Bank for its strong and consistent financial performance, its role in leading the disruption of Fintech innovations in banking and for its consistency in championing the socio-economic development of communities […]
Kenya’s biggest bank by assets is in talks to acquire a lender in the Democratic Republic of Congo, the vast mineral-endowed central African country. “We’re engaging with two institutions today that are in Congo,” KCB Group Ltd. Chief Executive Officer Joshua Oigara said in an interview on Thursday. The bank will settle on a single […]
17th August 2021. Equity Group Holdings Plc has announced a 98% growth in half-year profits to Kshs.17.9 billion up from Kshs.9.1 billion the previous year. Speaking while releasing the results, Equity Group Managing Director and CEO Dr. James Mwangi said, “The defensive and offensive strategy adopted by the Group at the onset of the Covid-19 […]
19th August, 2021: Loylogic , a leading global innovator in loyalty and points commerce experiences, has partnered with Equity Bank Kenya to revamp their Membership Rewards experience for American Express Green and Gold cardholders. Utilising Loylogic’s award-winning e-commerce platform, Pointshub, Equity Bank American Express Card holders can now redeem their Membership Reward points through a […]
Equity Group Holdings Plc has announced a 98% growth in half-year profits to Kshs 17.9 billion up from Kshs 9.1 billion the previous year. Equity Group managing director and CEO Dr James Mwangi said the defensive and offensive strategy adopted at the onset of the Covid-19 pandemic to create resilience, agility, and recovery, has been […]
Equity Group Holdings will resume dividend payments to shareholders after a two-year freeze following a 98 percent growth in net profit during the first six months to June. The regional bank, which is bullish of a sustained profit trajectory, has also diversified into new lines of business including trade financing, insurance and derivatives with hopes […]
Unveiling the new platform in Dar es Salaam on Friday, Equity Bank Tanzania Managing Director Robert Kiboti said the new product provides a reliable financial link between local clients with the rest of the bank’s network through One Equity Inter-Country services at minimal cost. "The primary purpose of the product is to provide solutions for […]
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