Kenya’s largest lender by assets, KCB Bank, reported a 40 per cent drop in profit for the first six months of 2020, losing its profitability perch to Equity Bank that made Sh9 billion for the half year. [File, Standard] Banks are estimated to have registered a drop in profitability by 30 per cent in what […]
Kenya’s largest lender by assets, KCB Bank, reported a 40 per cent drop in profit for the first six months of 2020, losing its profitability perch to Equity Bank that made Sh9 billion for the half year. [File, Standard] Banks are estimated to have registered a drop in profitability by 30 per cent in what […]
Kenya’s largest lender by assets, KCB Bank, reported a 40 per cent drop in profit for the first six months of 2020, losing its profitability perch to Equity Bank that made Sh9 billion for the half year. [File, Standard] Banks are estimated to have registered a drop in profitability by 30 per cent in what […]
Equity Bank customers queue for services at a branch in Nairobi. The lender has acquired a second DR Congo bank. FILE PHOTO | NMG The Nairobi Securities Exchange-listed lender last week teamed up with the World Bank Group to complete the acquisition of majority stakes in BCDC, the country’s second-largest bank. The EastAfrican has learnt […]
Inside the Muhoroni Sugar Factory on September 18, 2016. It is among the 26 firms the government has chosen to privatise. FILE PHOTO | TONNY OMONDI | NMG The bourse has been largely inactive for lack of fresh entrants as private and family-owned businesses won’t float shares citing high listing costs, fears over public scrutiny, […]
Rating Action: Moody’s upgrades Banque Commerciale du Congo S.A.’s long-term deposit ratings to Caa1 from Caa2; changes outlook to stable from positive Rating action follows completion of Equity Group Holdings’ acquisition of majority stake in BCDC London, 21 August 2020 — Moody’s Investors Service ("Moody’s") has today upgraded the long-term deposit ratings of Banque Commerciale […]
It paid Shs347bn for the 66.53% stake in a DRC bank Kampala, Uganda | ISAAC KHISA | Regional lender, Equity Group Holdings, has completed the acquisition of Banque commercial du Congo, (BCDC) in the Democratic Republic of Congo, further strengthening is foot print on the African market. This follows a no objection nod from the […]
EQUITY GROUP HOLDINGS PLC UNAUDITED FINANCIAL STATEMENTS AND OTHER DISCLOSURES FOR PERIOD ENDED 30TH JUNE, 2020 UNAUDITED FINANCIAL STATEMENTS AND OTHER DISCLOSURES EQUITY BANK (KENYA) LIMITED EQUITY GROUP HOLDINGS PLC BANK COMPANY GROUP STATEMENT OF FINANCIAL POSITION AS AT 30th June 31st Dec 31st Mar 30th June 30th June 31st Dec 31st Mar 30th June […]
Equity Group Holdings Plc has completed the acquisition of a majority stake in the Congolese lender, Banque Commerciale Du Congo (BCDC) at a discounted price of $95 million . The takeover began in September last year when Equity Bank first announced its partnership with BCDC majority shareholder, George Arthur Forrest and family. The Kenyan money […]
Poor half-year results posted by bigger firms at the Nairobi Securities Exchange have sent investors in a panic mode, pushing the rich stock to a new 17 year low. The market summary by the Nairobi bourse shows the NSE 20 that tracks the wealthiest stocks dropped to 1,729.46 points on Tuesday, 65 points lower than […]
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