Amendments to the Companies Act in 2017 made it compulsory for companies listed at the Nairobi Securities Exchange (NSE) to disclose how top directors are remunerated The highest-paid board directors are those who hold multiple positions in different companies Equity Bank founder Peter Munga earned KSh 52 million in director fees at the lender and […]
NAIROBI, Kenya October 25 – Equity Bank has clinched Africa’s best bank for Small and Medium Enterprises (SMEs) title during the 2021 Euromoney awards. East African banks were commended for leading the way in SME financing in Africa with Equity Bank hailed for its continued support of its clients with lending rising by 30 percent […]
Equity Bank Tanzania, Executive Director, Esther Kitoka. PHOTO | ERICKY BONIPHACE Dar es Salaam. Equity Bank executive director Esther Kitoka called for a need to reform the legal system in favour of the financial sector, if banks are to have a significant role in shaping the country’s economy. The root of her recommendation was on […]
Company’s third quarter includes loan growth, exclusive of PPP, accompanying successful integration of largest merger in Company’s history and announcement of the Company’s first common stock dividend WICHITA, Kan., Oct. 19, 2021 (GLOBE NEWSWIRE) — Equity Bancshares, Inc. (NASDAQ: EQBK), (“Equity”, “the Company”, “we”, “us”, “our”), the Wichita-based holding company of Equity Bank, reported net […]
NSE chief executive Geoffrey Odundo monitors daily trading at the Nairobi Bourse/ Shareholders’ wealth at the Nairobi Securities Exchange hit the highest level ever on a year-on-year basis in the first nine months of 2021, driven by recovery from the effects of Covid-19. The Capital Market Authority’s Q3 statistical bulletin shows market capitalisation at the […]
The Angaza Awards, Women to Watch in Banking and Finance program is open for submission of entries for the 2021 Top 10 Women to Watch list . The List will feature women across the various industries that make up the financial services sector. Deadline for applications is 30th October, 2021. The Angaza Awards are organized […]
NAIROBI, Kenya, October 21 -Equity Bank has updated its online banking offering, previously known as Eazzy Net which will be known as Equity Online as part of the bank’s strategy to provide a seamless customer experience across all banking channels. In a statement, the bank said that the new platform will provide a unified service […]
The National Treasury disclosed the loans amounted to KSh 104.84 billion The exchequer said the billions were invested in priority projects but may have to be repaid by taxpayers given the poor financial state of the parastatals As of June 2020, KPLC had debts amounting to KSh 53.84 billion At least nine state-owned firms are […]
Taxpayers may in future potentially step in and bail out nine State-owned firms, including Kenya Power, from commercial loans amounting to more than Sh104.84 billion, the Treasury has disclosed. The loans, which the firms took out after seeking approval from the Treasury, pose potential financial burden on the taxpayer as the proceeds were invested in […]
Customer deposits in mobile phone account M-Shwari hit Sh571.1 billion as Kenyans increasingly turned to the service for savings and borrowing. The deposits, which rival savings held in top banks, rose 78.5 percent from Sh320 billion reported the previous year. The growth means that Kenyans on average deposited Sh687.95 million daily in their M-Shwari savings […]
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