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Equity Bank Group Strengthens Its Fundamentals While Expenses Of ICT, Innovation And Product Rollout
Equity Bank Group’s focus on enhancing affordability, accessibility and convenience has seen its growth momentum maintained for the period ended 30th September 2013.
The regional banking group has posted a 17% growth in customer deposits, a growth of Kshs.28 billion to Kshs.190 billion up from Kshs.162 billion. The impressive growth has been enabled by massive investment in agency banking and mobile banking facilitating easy accessibility convenience and affordability. Customer numbers have now grown to 8.5 million signifying an achievement in pursuit of inclusive banking.
Bank ranked 4th globally in Asset Deployment Efficiency by The Banker in 2013
Nairobi, July 29th 2013 ... Regional banking group, Equity Bank’s reduction of interest rates by 700 bps from 25% to 18% has paid off by growing its loan book by Kshs 11 billion to Kshs 150 billion from Kshs 139 billion in the first quarter 2013 resulting in a growth of 21% in Year on Year.
Nairobi, May 6th 2013...Regional banking group, Equity Bank ongoing focus on product innovation, prudent cost and risk management have paid off with a 21 percent growth in profits before tax in the first quarter ending March 31st 2013.
Nairobi, Feb 28th 2013 . . . Regional banking giant, Equity Bank Group has continued to defy macro economic turbulence to deliver strong growth, with profits before tax increasing by 36% to Ksh 17.4 billion up from Ksh12.8 billion realized the previous year.
Nairobi, Kenya, 15 January 2013 – MasterCard and Equity Bank of Kenya today announced an agreement at a signing ceremony in Nairobi to issue five-million MasterCard-branded debit and prepaid cards. This program empowers African consumers to use electronic payments which provide a safe and secure way to pay versus cash and other forms of payment.
Dr. Gichohi brings over 25 years international experience in managing social impact programs
Dr. James Mwangi, Chief Executive Officer and Managing Director of Equity Bank in Kenya, was named the ‘Forbes Africa Person of the Year 2012’ on Thursday 29 November, at the prestigious Porsche Centre in Victoria Island in Lagos, Nigeria. The ceremony was organised by the eventing arm of the ABN Group - ABN Productions.
8th November, 2012 Nairobi… Equity Bank Group has today launched a partnership with China Union Pay, which will allow UnionPay card holders to make transactions from Equity Bank’s ATMs and Points of Sale Terminals across the East Africa region. Equity Bank now becomes China UnionPay’s principal agent in East Africa.
November 6, 2012, Equity Bank Group continued to defy macro-economic turbulence to maintain steady growth and posted a 30% growth in pre-tax profit for the period ended 30th September 2012.
29th October, 2012 Nairobi… Equity Bank CEO Dr. James Mwangi has been awarded with the All Africa Business Leader Award 2012 (AABLA).