McKinsey found that the COVID-19 crisis has brought about years of change in the way companies in all sectors and regions do business At Equity Bank for instance, digital banking now accounts for 97% of the bank’s transactions with legacy banking – physical branch networks and ATMs only 3% Safaricom’s total value of M-PESA transactions […]
From left to right: DRC Embassy second secretary Botuli Bosaw Geoffrey, Kenya Trade Cabinet Secretary Betty Maina and Equity Group CEO James Mwangi in Nairobi on November 1. FILE PHOTO | COURTESY The Marshall Plan, which borrows heavily from the $15 billion US-led European Recovery Programme following the devastation of World War II, aims to […]
Equity Group CEO James Mwangi. PHOTO | FILE | NMG Equity Group has recorded a 79 percent rise in net profit in the nine months to September this year, helped by growth in interest and non-interest income. The regional lender’s profit after tax in the review period stood at Ksh26.87 billion ($242.07 million) compared to […]
One of Kenya’s largest banks, Equity Bank, recently indicated that it is positioning its network of 190 branches into centers of providing advisory and consultation services for SMEs (small and medium sized enterprises) and large customers. This is motivated by an ongoing shift of retail clients moving to digital channels, which intensified during the pandemic. […]
President Uhuru Kenyatta (second left) unveils a plaque at BCDC’s Equity Centre in DRC alongside (left to right) Equity Group CEO James Mwangi, Central Bank of Congo Governor Deogratias Mutombo, Equity BCDC Managing Director Celestin Mukeba, and non-executive chairmen Prof Isaac Macharia and Nestor Ankiba. FILE PHOTO | COURTESY The bank, which is listed on […]
As part of the visit to Kenya of the French Minister Delegate for Foreign Trade and Economic Attractiveness, Franck Riester, Proparco granted Equity Bank two guarantee facilities, ARIZ and EURIZ totalling €39 million (5 billion KES) to help the Kenyan bank further support job creating MSMEs. Proparco also granted a €550,000 technical assistance facility to […]
Equity Group CEO James Mwangi could become one of the longest-serving CEOs in the country, after disclosing that he will leave his position earliest 2032. Mwangi has served the bank for 31 years including 17 years as CEO, and he plans to go beyond the 70-year age limit set by the Capital Markets Authority (CMA). […]
President Uhuru Kenyatta (second left) unveils a plaque at BCDC’s Equity Centre in DRC alongside (left to right) Equity Group CEO James Mwangi, Central Bank of Congo Governor Deogratias Mutombo, Equity BCDC Managing Director Celestin Mukeba, and non-executive chairmen Prof Isaac Macharia and Nestor Ankiba. FILE PHOTO | COURTESY The bank, which is listed on […]
Equity Group chief executive James Mwangi has disclosed he will retire at the earliest in 2032 in what will make him one of the longest-serving CEOs of firms listed on the Nairobi Securities Exchange. Mr Mwangi, 59, says he expects to commit his future to the bank beyond the 70-year age limit set by the […]
Equity Bancshares Inc – Class A (NASDAQ: EQBK), a Wichita, Kansas, company, gained to close at $34.70 Thursday after gaining $0.84 (2.48%) on volume of 46,284 shares. The stock ranged from a high of $34.97 to a low of $33.61 while Equity Bancshares’s market cap now stands at $498,379,652. About Equity Bancshares Inc – Class […]
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