East Africa’s top retail banks are cashing in on interest income on government securities and readjustment of loan loss provisions to crawl back to profitability in the midst of the third wave of Covid-19 pandemic that is impacting banking transactions and loan books. A review of the unaudited financial statements for KCB, Equity Bank, Cooperative […]
East Africa’s top retail banks are cashing in on interest income on government securities and readjustment of loan loss provisions to crawl back to profitability in the midst of the third wave of Covid-19 pandemic that is impacting banking transactions and loan books. A review of the unaudited financial statements for KCB, Equity Bank, Cooperative […]
Equity Bank Rwanda has opened a new retail branch in Kimironko sector of Gasabo District bringing the Bank’s nationwide footprint to 15 branches. According to Hannington Namara, the Managing Director of Equity Bank Rwanda, the move is in line with sustained efforts to increase access to banking services to customers in Kigali and its surrounding […]
Britam Holdings group managing director Tavaziva Madzinga. PHOTO | DIANA NGILA | NMG Insurance group Britam has sold an additional 20.1 million shares of Equity Group with a market value of Sh852 million, cutting its ownership in the country’s most profitable lender to a new low of 6.77 per cent in the year ended December. […]
Kenya’s biggest bank, Equity Group Holdings Plc has posted strong quarter one results showing a 54 per cent growth in total assets and 64 per cent in profit after tax. The Group registered a balance sheet expansion of 54 per cent to reach Kshs 1.07 trillion driven by a 58 per cent growth in customer […]
Equity Group Holdings Plc. has rebounded to their pre-Covid-19 period performance with a 64 percent jump in net profit for the three months to March 31. This was buoyed by significant growth in non-interest income and reduction in loan loss provisions with regional subsidiaries, apart from South Sudan, making positive contribution to the bottomline. The […]
Equity Group #ticker:EQTY invested an additional Sh3.4 billion in its Ugandan and Tanzanian subsidiaries in the year ended December to boost the units’ capital. The lender’s stakes in the subsidiaries remained unchanged at 100 percent. The capital support from the parent company came amid economic disruption brought by the Covid-19 pandemic that has seen lenders […]
EGM Securities, a subsidiary of Equiti Group , announced today that the broker will offer derivative contracts on the Nairobi Stock Exchange (NSE). The new NSE derivatives will enable investors to start trading in less than 5 minutes due to an efficient onboarding process, compared to the current average processing time of 2 days. According […]
This new NSE derivatives offering, with a 5-minute onboarding process instead of the two-day average in Kenya, has been made possible through collaboration between the NSE Derivatives Market, EGM Securities and their parent company Equiti Group’s global Product team. EGM Securities, a subsidiary of Equiti Capital, has become Kenya’s first online trading broker to offer […]
AFDB facility will support Equity’s expansion in East and Central Africa and ensure MSMEs have access to capital to recover and thrive in a Post COVID-19 Environment The Kshs 11 Billion loan comes on the heels of an additional USD 50 Million (Kshs 5.5 Billion) Loan Facility from the African Guaranty Fund. Nairobi, Kenya | […]
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