Equity Group shareholders on the Company’s Register of Members on 20th May 2022 to receive a Final Dividend Payment of KES 3.0per share on 30th June 2022. For the latest key economic events use our free ECONOMIC CALENDAR
Tag: XNAI_EQTY
Equity Group Kenya: Dividend Book Closure 2022
Equity Group shareholders registered on the books of the Company at close of business on 2oth May 2022 will receive the 2021 dividend of KES 3.0 per share.
Safaricom, Airtel, Equity among top brands loved by Kenyan women
Telecommunication firms Safaricom #ticker:SCOM and Airtel are among the most loved brands by women in Kenya, a new survey shows. The survey by IPSOS, which interviewed 13 million women from across the country, places Safaricom’s M-Pesa at number two indicating how the money transfer platform has become entrenched in the country. The study placed Equity […]
CBK lifts freeze on bank lending rates after IMF notice
The Central Bank of Kenya has begun approving lenders’ applications to increase the cost of loans based on customer risks, setting the stage for expensive credit for small traders and workers in the informal sector. Equity Bank is the first lender to publicly reveal that the CBK has approved the risk element in its lending […]
FEATURED: Equity Bank launches new online payment platform
Officials pose for a group photo as Equity Bank launches its online payment gateway in Kigali on March 18, 2022. All Photos by Dan Nsengiyumva Equity Bank Rwanda on Friday, March 18, unveiled its first online payment gateway, as the lender strives to remain the customers’ bank of choice. Powered by VISA, the dynamic platform […]
Equity Bank wins two awards at the Visa Awards 2021
Equity Bank has won two awards at the Visa Awards 2021, that is the Visa Top Acquiring Award and the Visa E-Commerce (Acquiring) Award. The two awards from Visa were issued to the Bank for leading in Visa acquired volumes, significantly growing its E-Commerce volumes, and leading in E-Commerce payment volumes. Equity grew its acquiring […]
Equity Bank full-year profit hits record Sh40 billion
Equity Group chief executive officer James Mwangi. FILE PHOTO | NMG Equity Group net profit for the full-year to December 31 doubled to Sh40.07 billion driven by huge cuts in loan loss provision which the lender reduced from Sh26.6 billion in 2020 to Sh5.8 billion last year. Strong loan recovery allowed the bank to claw […]
Equity Bank Awarded for Leading in E-Commerce payment volumes
Equity bank has been honoured with two awards by Visa for leading in Visa generated volumes in 2021. The bank won the Visa Top Acquiring Award as well as the Visa E-Commerce (Acquiring) Award. Equity was also recognized for leading in eCommerce payment volumes which is attributed to a significant growth of its E-commerce volumes. […]
Equity loans to cost up to 18.5pc after Central Bank nod
Equity Group CEO James Mwangi (C), Director Strategy Brent Malahay and Chief Commercial Officer Polycarp Igathe. [Wilberforce Okwiri, Standard] Equity Bank has received the Central Bank of Kenya (CBK) approval to charge customers a maximum of 18.5 per cent on loans under its risk-based pricing model. Group Chief Executive James Mwangi yesterday said the risk-based […]
DRC/Kenya/Rwanda: Equity Bank’s $6bn ‘Marshall Plan’ for SMEs
View of an Equity Bank branch. © Edward Echwalu for Jeune Afrique Equity Bank, which is East Africa’s largest banking group and led by James Mwangi, is planning extensive assistance to boost the private sector in its six countries of operation. Through its Regional Private Sector Economic Recovery and Resilience Stimulus Plan, Equity Group intends […]