Equity Group shareholders will go for the second consecutive year without dividends after the board on Monday froze the payout as net profits fell 11.6 per cent to Ksh20 billion (about $182.3 million). The lender posted a drop in earnings from Ksh22.39 billion ($204 million) booked a year earlier on the back of a five […]
Equity Group shareholders will go for the second consecutive year without dividends after the board on Monday froze the payout as net profits fell 11.6 per cent to Ksh20 billion (about $182.3 million). The lender posted a drop in earnings from Ksh22.39 billion ($204 million) booked a year earlier on the back of a five […]
Equity Bank Group will withhold dividends for the second year in a row after posting an 11 percent drop in 2020 net profit to Ksh20.1 billion. This is as compared to Ksh22.6 billion announced in 2019. Loss provision grew five folds with restructured loans hitting Ksh171 billion or 32 per cent of the total loan […]
Investors at the Equity Bank Group will walk home empty handed for the second year running after the lender withheld dividends on shrinking net earnings. The lender joined other tier top commercial banks in the country to announce a drop in 2020 year results on high loan loss provision due to Covid-19 economic pressures that […]
Anthony Kituuka, Executive Director at Equity Bank Uganda addressing the media and agribusiness owners at the Equity Agribusiness Forum Breakfast Meeting held at the Kampala Sheraton Hotel. (COURTESY PHOTO) Equity Bank Uganda has launched a new loan portfolio dubbed “Structured Commodity Finance Loan (SCF)”; a financing solution aimed at supporting the growth of agribusinesses and […]
Equity Bank Uganda Executive Director Anthony Kituuka Equity Bank Uganda has launched a new loan portfolio dubbed “Structured Commodity Finance Loan (SCF)”, a financing solution aimed at supporting the growth of agribusinesses and smallholders. The structured commodity finance loan will allow agribusinesses to borrow against their agricultural inventory which can be used as collateral for […]
Mr. Anthony Kituuka, Executive Director- Equity Bank (U) Ltd addresses agribusiness owners at the Equity Agribusiness Forum Breakfast Meeting held at Sheraton Kampala Hotel recently. (PHOTO/Courtesy). KAMPALA – Agribusiness owners to use either contracts or harvest as security with pilot projects to kick off in Kampala and Lira. Structured commodity financing is available for as […]
Equity Group MD and CEO James Mwangi Equity Bank has entered into a partnership with the Netherlands FMO development bank with the signing of a NASIRA loan portfolio guarantee facility. The $50 million (Sh5.5 billion) facility is the second NASIRA guarantee signed with Equity with the support of EU funding. With the funding, Equity Bank […]
Equity Bank Group has received a Sh11 billion credit from the African Development Bank AfDB) for operational expansion in East and Central Africa. In a statement, Equity Bank said the amount will also boost its ability to serve small and medium enterprises (SMEs) in the region. The lender recently entered the Democratic Republic of Congo […]
NAIROBI, March 23 (Xinhua) — Kenya’s Equity Bank on Tuesday announced plans for a pan-African expansion after securing an 11 billion shillings (about 100 million U.S. dollars) loan from the African Development Bank (AfDB). James Mwangi, CEO of Equity Group said that his financial institution already operates in seven African countries including Kenya, Rwanda, Uganda, […]
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