| THE INDEPENDENT | Equity Bank Uganda and the Uganda National Oil Company on April.13 signed a Memorandum of Understanding to facilitate and strengthen collaboration between the two entities in the areas of financing and enterprise development specifically for medium and small enterprises. The areas covered in the MoU include; …
Read More »Equity Group’s net profit doubles to Kshs40bn
The group rescheduled 32% of all client loans to support recovery from COVID-19 pandemic | THE INDEPENDENT | Equity Group Holdings has recorded a 99% jump in profit after tax to Ksh40bn for the year ended December 2021 riding on higher yields from interest paid by borrowers and an improved …
Read More »USh1.2 trillion: Record performance for Equity Group
Profit After Tax increased by 99% to Ushs 1.2 trillion ($349million) Nairobi, Kenya | THE INDEPENDENT | Equity Group has recorded superior performance for the year ended 31st December 2021, putting it at the top as the regional financial sector market leader, despite the challenging operating environment characterized by a global …
Read More »Equity Leaders Programme launched with 123 top performers
Kampala, Uganda | THE INDEPENDENT | Equity Bank Uganda has officially launched the Equity Leaders Program (ELP) by admitting its first cohort of 123 top performing scholars from the 43 Districts where the bank has a branch presence. The launch of the Equity Leaders Program, a mentorship and leadership …
Read More »UN chief calls for vaccine equity as global COVID-19 deaths exceed 5 million
United Nations | Xinhua | UN Secretary-General Antonio Guterres on Monday called for vaccine equity and continued vigilance against the coronavirus as global COVID-19 deaths exceeded 5 million. “Today, the human family crosses a painful new threshold: 5 million lives lost to COVID-19,” he said in a statement. “This devastating milestone …
Read More »$163 MILLION: Equity hits 99% in half year profits
Growth in profit after tax of 98% ($163.5 million) Total Assets growth of 50% Growth in Deposits of 51% ($7.4 billion) Growth in Net Loans of 29% ($4.6billion) Nairobi, Kenya | THE INDEPENDENT | Equity Group Holdings Plc has announced a 98% growth in half year profits to $163.5 million (Kshs.17.9 …
Read More »Equity named Best Regional Bank in East Africa
Nairobi, Kenya | THE INDEPENDENT | Equity has been named the Best Regional Bank in East Africa at the 2021 African Banker Awards. According to a statement, the award was conferred to the bank for its strong and consistent financial performance, its role in leading the disruption of Fintech …
Read More »Equity shareholders resolve to reinforce group governance structure
Shareholders with more than 12.5% shareholding to nominate a Director Equity Group Foundation to nominate a Director to the Board. Up to three Executive Directors to sit on the Board. Group to pay out 30% to 50% of its Profit After Tax as dividends to shareholders Nairobi, Kenya | THE …
Read More »Kenya’s I&M completes majority acquisition of Orient Bank
What it means for clients and banking sector Kampala, Uganda | JULIUS BUSINGE | Kenya’s I&M Bank has completed the majority acquisition of Orient Bank Ltd from 8 miles LLP and Morka Holdings Limited, executives said on April.30. The Kenyan lender follows the footsteps of DTB, KCB, Equity and NCBA …
Read More »Equity bank secures $100 million to expand in East and Central Africa
Equity Group Holdings plans Trans-Africa expansion with $100 Million (Ksh 11 Billion) loan from the African Development Bank (AfDB) ✳️ AFDB facility will support Equity’s expansion in East and Central Africa and ensure MSMEs have access to capital to recover and thrive in a Post COVID-19 Environment ✳ The …
Read More »