Equity Uganda, a wholly owned subsidiary of Equity Group Holdings has today unveiled a new identity in line with Equity Group Holdings’ ongoing transformation journey. The new identity is aimed at creating a sustainable growth path and service delivery in today’s dynamic financial services environment. Going forward, Equity Uganda will present itself as a unified […]
image – 2020-12-17T133012.960 Equity Bank Uganda has unveiled a new identity in line with Equity Group Holdings’ ongoing transformation journey. The new identity is aimed at creating a sustainable growth path and service delivery in today’s dynamic financial services environment. Going forward, Equity Uganda will present itself as a unified brand, with one basket of […]
Monday, December 14, 2020 /12:17 PM /by Moody’s Investors Service / Header Image Credit: Tire Business Proshare Nigeria Pvt. Ltd. Moody’s Investors Service ("Moody’s") has taken various ratings actions on some ratings of 32 banks across 10 African countries: Angola, Democratic Republic of Congo, Egypt, Ghana, Kenya, Morocco, Nigeria, Tanzania, Tunisia and Uganda. The rating […]
Equity Bank’s Manager cards operations and alternatives business channel, Magreth Mwasumbi ( middle) Dar es Salaam. Equity Bank Limited has on Thursday launched a US Dollar denominated Visa Debit Card in Tanzania that will allow customers, who are looking to pay goods and services in US dollar do so without incurring any charges. The Banks […]
NAIROBI,Kenya, Nov 25- Equity Group has announced the appointment of Samuel Onyango as a Non-Executive Director to its Equity Bank (Kenya) Limited (EBKL) Board. According to the lender, Onyango has an extensive leadership experience in a wide range of professional services as a Certified Auditor, Company Secretary, Arbitrator, and Mediator, including his contribution to the […]
Atlas Mara Limited and Kenya Commercial Bank (KCB) Group Plc has signed a definitive agreement to acquire 62.06% of issued shares in Banque Populaire du Rwanda Plc (BPR). BPR, which is run by Atlas Mara since 2016 is one of Rwanda’s most popular bank with branches reaching all corners of the country. On the other […]
For six months, Kenyan banks have been like Atlas- the god in Greek mythology who carried the world on his shoulders. They have strenuously held aloft an ailing economy, forestalling what would otherwise have been a financial meltdown. But now, just as the late American writer Ayn Rand put it that “Atlas shrugged,” banks too […]
Equity has scooped two awards at this year’s African Banker Awards 2020. The Bank has been awarded the Best Regional Bank in East Africa, and for the second year running, the Africa Socially Responsible Bank of the Year. Equity emerged as the Best Regional Bank in East Africa, having demonstrated high performance across various metrics, […]
The impact of the coronavirus on the economy eroded Equity Bank Group’s earnings for nine months to September, with net profit shrinking by 14 per cent. The third quarter results released Thursday shows the bank’s profit after tax dropped to Sh15 billion compared to Sh17.5 billion reported in the corresponding quarter last year. Loan loss […]
Equity Group #ticker:EQTY expects up to Sh50 billion delay in loan principal and interest receipts in the next three years on the back of Covid-19 economic hardships that have seen customers seek extensions in repayments. Group chief executive James Mwangi says the current job losses and declining revenues are likely to hurt borrowers’ ability to […]
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