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 […]
East African banks remained resilient with higher Return on Equity (ROE) for the 12 months to September 30 signalling a relatively healthy performance for the regional lenders with shareholders deriving value from their investments amid the Covid-19 pandemic. FILE PHOTO | COURTESY Latest quarterly market report by analysts at AfricanFinancials Group shows that Kenyan banks […]
Equity Group #ticker:EQTY is open to repurchase a stake in mortgage lender HF Group, signalling a shift in its appetite to acquire rivals in the Kenyan market. Equity chief executive James Mwangi said the bank would review its interest in HF, seven years after selling its 24.7 percent stake to insurance group Britam. Britam plans […]
Equity Bank CEO James Mwangi [David Gichuru, Standard] Equity Bank ’s net profit in the third quarter of 2021 grew by 79 per cent to hit Sh26.9 billion as the lender substantially cut its stock of bad loans. The nine-months profit has raced past the Sh20.1 billion profit that the lender posted in the full-year […]
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