Equity Bank will continue its run of recent expansion efforts by acquiring three bank locations in St. Joseph, Mo., it announced this week. The Wichita-based bank announced its intentions as part of a second-quarter earnings report this week. Equity Bancshares, Inc., the bank’s holding company, reported net income of $15.2 million and a $1.03 per […]
Awards for Excellence East African banks have led the way in SME financing in Africa and none more so than Equity Bank . Nigerian banks often struggle to get to a double-digit percentage allocation of their loan books to SMEs . That’s partly due to a less diversified, oil-dependent economy. But even by east African […]
Eight Kenyans arrested in Rwanda for hacking Equity Bank #ticker:EQTY have been handed eight-year jail terms and fined Sh5.6 million. The eight are part of a 12-man gang arrested in 2019 by the Rwandan Investigation Bureau (RIB) that included three Rwandese nationals and a Ugandan. Regional security teams had trailed the gang linked to bank […]
The Government of Rwanda has approved the acquisition of Banque Populaire du Rwanda (BPR) by Kenya Commercial Bank (KCB Rwanda), the latter announced on Monday in its latest regulatory filings. BPR is currently owned by London-listed financial services firm, Atlas Mara Limited. According to the Nairobi-based KCB Group, the parent firm of KCB Rwanda, they […]
Nairobi Securities Exchange trading floor. PHOTO | NMG Investors’ wealth at the Nairobi Securities Exchange (NSE) yesterday hit a 39-month high, adding them Sh101.6 billion in the last one month on the back of a rally of Safaricom and Equity Bank stocks. NSE data shows the market recorded the third straight day of gaining to […]
The Government of Rwanda has approved the acquisition of Banque Populaire du Rwanda (BPR) by Kenya Commercial Bank (KCB Rwanda), the latter announced on Monday in its latest regulatory filings. BPR is currently owned by London-listed financial services firm, Atlas Mara Limited. According to the Nairobi-based KCB Group, the parent firm of KCB Rwanda, they […]
If the Covid-19 pandemic that violently shook the economy for the better part of last year did not kill local banks, then it has made them stronger. Slightly over a year since the country recorded its first case of the deadly virus, Kenyan banks appear to be on steroids. The latest data from the Central […]
A KCB branch in the Southern province of Rwanda. Kenyan bank subsidiaries find the going tough in the region registering a slight decrease from $86.7 million in 2016 to $85.8 million in 2017. PHOTO | CYRIL NDEGEYA | NATION Rwandese authorities have approved the KCB Group deal to buy Banque Populaire du Rwanda (BPR) from […]
Rwandese authorities have approved KCB Group #ticker:KCB deal to buy Banque Populaire du Rwanda (BPR) from London-listed financial services firm Atlas Mara Limited. Atlas Mara made regulatory disclosures that it had obtained approvals to sell its banks in Rwanda and Botswana. The firm said it was awaiting approvals from Tanzania where KCB Group has also […]
Nairobi Securities Exchange trading floor. PHOTO | NMG Investors’ wealth at the Nairobi Securities Exchange (NSE) yesterday hit a 39-month high, adding them Sh101.6 billion in the last one month on the back of a rally of Safaricom and Equity Bank stocks. NSE data shows the market recorded the third straight day of gaining to […]
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