Congo-Kinshasa: Equity Gets Approval to Merge DRC Subsidiaries Into New Bank Branches

Congo-Kinshasa: Equity Gets Approval to Merge DRC Subsidiaries Into New Bank Branches

Equity Group Holdings has received regulatory approval to merge Equity Bank Congo (EBC) and Banque Commercial du Congo (BCDC) to form DR Congo’s second largest lender by assets. The new bank, to be known as Equity Banque Commercial du Congo (Equity BCDC), holds more than $2.5 billion worth of assets, 74 branches and has a […]

Equity Bank Congo and Banque Commerciale Du Congo (BCDC) receive regulatory approval for merger

Equity Bank Congo and Banque Commerciale Du Congo (BCDC) receive regulatory approval for merger

NAIROBI, Kenya, Dec 30- Equity Group holdings Plc (EGH) has received regulatory approval to merge Equity Bank Congo (EBC) and BCDC to form a new bank. Going forward, the new bank will be known as, Equity Banque Commercial du Congo (EquityBCDC). This follows EGH’s acquisition of 66.53 percent shareholding of BCDC from the family of […]