DUBLIN–( BUSINESS WIRE )–The "The Banking Industry in Kenya 2021" report has been added to ResearchAndMarkets.com’s offering. The Banking Industry in Kenya This report covers the Kenyan banking industry, focusing on commercial banks and also including the central bank, microfinance and mutual funds such as local credit and savings unions and community-based financial services associations. […]
Tag: XUGA_EBL
Uganda: Equity Bank Announces Account Opening Using Ussd Code
Kampala, Uganda — In a bid to reach the underserved and unbanked population, Equity Bank Uganda has today (Feb.02) launched account opening services on the phone using the USSD *247# code, furthering its commitment to invest in the financial deepening and inclusion in the country. The move, officials said, will also increase access to mainstream […]
How Kenya’s ESG rules are unlocking green project funds
While Africa is responsible for less than five percent of carbon emissions, it is most vulnerable to climate instability. It is laudable that the Kenyan regulators have taken the lead and issued guidance on ESG and climate risk management. Equity Bank, via its Foundation, is helping learning institutions switch away from traditional wood fuel to […]
Equity Bancshares, Inc. Results Include Strong Organic Growth While Expanding Kansas Franchise
WICHITA, Kan., Jan. 26, 2022 (GLOBE NEWSWIRE) — Equity Bancshares, Inc. (NASDAQ: EQBK), (“Equity”, “the Company”, “we”, “us”, “our”), the Wichita-based holding company of Equity Bank, reported net income of $10.5 million and $0.61 earnings per diluted share for the quarter ended December 31, 2021. Equity’s results include a full quarter contribution from American State […]
Mid-sized banks to watch as sub-sector recovers
Dar es Salaam. The year 2021 was generally good to a number of mid-sized lenders as available data show that some of them exhibited resilience and steady growths across a number of performance parameters in 2021 as the sector partially recovers from the Covid-19 pandemic. This group includes lenders with asset levels ranging from slightly […]
Equity Bank in Drive to Boost Financial Inclusion
As a way of increasing access to financial services through Banks, Equity Bank Uganda has launched a self-service innovation platform that would see potential clients open up accounts by using their mobile phones. The potential customers will be able to open up accounts by dialing *247# and begin transacting without first visiting the bank or […]
RenCap upgrades Coop Bank to a Buy on a better earning outlook
Coop Bank Group managing director Gideon Muriuki at a past event. The investment bank, Renaissance Capital has given a buy rating to the top three banks in Kenya in terms of asset value, projecting a better 2022 for the country’s banking sector. This, despite impending political risks associated with the general election slated for August […]
Disruptive innovation from an internet probox
While others may have seen the opportunity, and choose not to pursue it, Poa Internet acted on what others failed to notice, walking to the beat of a different drummer. Staring in 2015 in the UK, Poa Internet began its Kenyan operations in 2016 with a focus on the vibrant, once informal settlement of Kibera. […]
Jittery Kenyans stashed Sh800b in dollars to protect their wealth
Bags full of money [Courtesy] Money stashed by Kenyans in hard currency accounts touched a record high of Sh798.7 billion in November last year, as jittery investors rushed to hedge their funds from being eroded by a weakening shilling. This was an increase of Sh84.6 billion, or 12 per cent, compared to Sh714.1 billion that […]
Equity Bank rolls out one Equity Till Number for digital payments
Equity has launched an enhanced centralized digital payment solution for traders through a single Equity Till Number. The solution, a first in the Kenyan market, enables merchants to receive payments from multiple payment channels or mobile wallets through a single till number. Using the single Equity Bank Till Number, merchants can receive payments from customers […]