In light of the Covid-19 pandemic, the government and Central Bank of Kenya, advocated for a resort to cashless transactions to contain the spread of the pandemic. Equity Bank says it has been facilitating its customers to enhance use of its non-branch channels to facilitate transactions and access to key products and services. By Waiving […]
Tag: XNAI_EQTY
Equity Bank Q1 profit drops 14pc to Sh5.2bn
Equity Bank Group CEO James Mwangi. FILE PHOTO | NMG Equity Bank has posted Sh5.2 billion in net profits for the period ended March 31, 2020, a 14 percent decline from Sh6.1 billion in a similar period last year. The lender has been hit by growing bad loans which rose from Sh29.3 billion to Sh44.6 […]
Equity restructures Sh92 billion loans in coronavirus soft landing
Equity has restructured Sh92 billion loans, equivalent to about 25 per cent of its net loans at the end of last year, as the lender seeks to cushion customers who have been hit by the coronavirus crisis. The relief, which is being determined on a case-by-case basis, also includes extension of loan terms to cut […]
Equity Bank CEO forgoes Sh471m in dividend reversal
Equity Group CEO James Mwangi. FILE PHOTO | NMG Pensioners, billionaires and institutional investors are among the shareholders of Equity Group #ticker:EQTY who will forgo hefty dividends after the lender cancelled its proposed payout of Sh2.5 per share or a total of Sh9.4 billion. They include Britam Holdings, Equity’s CEO James Mwangi, the lender’s founder […]
Equity Bank CEO James Mwangi forgoes Sh471m in dividends
Equity Bank CEO James Mwangi. PHOTO | FILE Pensioners, billionaires and institutional investors are among the shareholders of Equity Group who will forgo hefty dividends after the lender cancelled its proposed payout of Sh2.5 per share or a total of Sh9.4 billion. They include Britam Holdings, Equity’s CEO James Mwangi, the lender’s founder and former […]
Covid-19 shock dims earnings prospects for EA banks for 2020
East Africa’s listed banks have reported either flat or reduced profit for the first three months ended March 31, 2020. PHOTO | FILE | NATION MEDIA GROUP East Africa’s listed banks have reported either flat or reduced profit for the first three months ended March 31, setting the pace for a year of subdued performance […]
Kenyan brands among the most admired in Africa
Business The latest Brand Africa ranking also shows Kenya’s Equity Bank, KCB, Tusker and M-Pesa featuring in top spots Olympic Champion Eliud Kipchoge’s official sports partner Nike is the most admired brand in Africa. Other global brands Adidas, Samsung, Coca Cola, Techno, Apple, MTN, Puma, Gucci and Airtel dominated in that order in a list […]
NSE May sales up 16pc on profit-taking rally
A Nairobi Securities Exchange front office employee attends to a client. FILE PHOTO | NMG The value of shares traded at the Nairobi Securities Exchange (NSE) in May rose 15.5 percent as investor activity on large stocks rallied partly on profit-taking. NSE data shows equities turnover stood at Sh14.56 billion, compared to Sh12.61 billion in […]
Equity Bank CEO James Mwangi forgoes Sh471m in dividends
Equity Bank CEO James Mwangi. PHOTO | FILE Pensioners, billionaires and institutional investors are among the shareholders of Equity Group who will forgo hefty dividends after the lender cancelled its proposed payout of Sh2.5 per share or a total of Sh9.4 billion. They include Britam Holdings, Equity’s CEO James Mwangi, the lender’s founder and former […]
Equity Bank’s Q1 earnings drop 14pc on loan loss provisioning
Equity Bank Holdings Ltd recorded a 14 per cent decline in net profit for the three months to March 31, 2020. PHOTO | DENNIS ONSONGO | NATION MEDIA GROUP The Nairobi Securities Exchange-listed lender saw its profit after tax fall to Ksh5.28 billion ($52.8 million) from Ksh6.15 billion ($61.5 million). The management took a conservative […]