9/01… The Equity Group Foundation (EGF) has received 20,300 applications from needy students who sat for their Kenya Certificate of Primary Education (KCPE) examinations last year and are not able to finance their secondary school education.
…funds to deepen Equity Bank’s SME credit support base
3/12…The European Investment Bank (EIB) has approved a € 50 million credit line to Equity Bank to facilitate onward lending to Small and Medium Enterprises across the region.
05/11… Regional banking solutions provider, Equity Bank Group’s Tanzania subsidiary, has sealed a partnership with the Tanzania Revenue Authority (TRA) allowing tax payers in Tanzania to pay all their taxes through its network.
29/10…The visiting World Bank President Dr Jim Yong Kim, yesterday enjoyed a firsthand experience of the globally acclaimed Equity Bank Agency banking model.
Kenyans can now unlock the rich rewards and benefits offered by the new American Express Green and Gold Cards
Nairobi, 15th October 2014 … Equity Bank and American Express have announced the launch of the first American Express Cards in Kenya.
We would like to bring to your attention that there has been recent reports of new Malware targeting our online banking customers. Malware is malicious software that is designed by fraudsters to disrupt computer operation and gain sensitive information from the targeted individuals which the fraudsters can use for their own selfish gains.
30/07….. Regional Banking solutions provider Equity Bank group has recorded a 21% growth in profit before tax in the first half of the year 2014.
Speaking during an investor briefing presentation at the Bank’s headquarters, Equity Bank Group Managing Director Dr. James Mwangi attributed the positive performance to the Bank’s strong fundamentals as well as an improved micro economic and investment environment which has renewed economic confidence in the region.
…retains best in class global payment channel partners including American Express
Nairobi, 22nd July 2014… Regional banking solutions provider, Equity Bank Group, has stepped up efforts to enhance its card business and related payment processing services.
Nairobi, Monday 26th May 2014: Equity Bank today unveiled its Mobile Virtual Network Operator (MVNO) strategy and rollout plan that is set to launch in July 2014.
…expresses optimism at sustained growth through the year buoyed by rapid growth in customer deposits
Nairobi, 17th April, 2014…… Regional financial services provider Equity Bank Group has returned to its traditional growth path by recording a 21% growth in its first quarter performance amidst a challenging operating environment.
Equity Bank customers can now receive money from the UK instantly and cheaply
Equity Bank Group in Kenya and VFX Financial PLC in the UK have partnered to launch Equity Direct a real-time, cross border, multicurrency money transfer service from the UK to Kenya. The service will enable individuals and corporates in the UK to send money to any account at Equity Bank in the region.
February 27, 2014 … Equity Bank Group’s investment in ICT and Focus on SME boosts profits by 11 percent in the year 2013 while cementing Return on Equity at 28% despite challenging environment
Equity Bank Group’s investments in IT, growth in the number of customers and branch upgrades to cater for the growing SME segment have boosted 2013 profit before tax by 11 percent to Kshs 19.15 billion up from Kshs 17.29 billion the previous year. Cost to income ratio reduced to 48.5% in 2013 and NPLs reduced in Q4 despite a challenging operating environment. The Base Lending Rate was reduced by 800bps in May 2013. South Sudan faces uncertainty. Despite these challenges, the Group generated ROE of 28% for the year and 35% in Q4 alone.
The program achieves target of 10,000 scholarships one year ahead of target date of 2015
January 21, 2014 Nairobi… His Excellency President Uhuru Kenyatta today officially commissioned the fifth class of Equity Group Foundation’s scholarship program that will fund the education of 2,000 bright pupils from needy families who completed the 2013 Kenya Certificate of Primary Education (KCPE) examination.
Equity Bank And American Express Announce Card Issuing And Merchant Acquiring Partnership In Kenya, Tanzania And Uganda
Nairobi, 10 December 2013.... Equity Bank and American Express today announced a partnership agreement, through which Equity Bank will act as the exclusive issuer of American Express Card products in Kenya, Tanzania and Uganda. As part of this agreement, Equity Bank will also acquire merchants on to the American Express network in these countries.
…Equity Bank customers to access soft loans to acquire StarTimes decoders…
Nairobi 29th November 2013…Pay Television company StarTimes Media and Equity Bank have today signed a Memorandum of Understanding that will see the Bank’s customers across the country access soft loans that will enable them acquire approved digital television set top boxes from StarTimes and repay through a flexible six month installment plan.
Public Notice of closure of Bank branches on Saturday, 16th November and resume normal business on Monday, 18th November.
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.
Nairobi, October 25, 2013... Equity Bank and PayPal announced today that merchants in Kenya can now sell to PayPal’s global customer base of more than 137 million active accounts in 193 markets around the world and move the proceeds to their Equity Bank accounts. This new service allows PayPal users to withdraw funds to their qualifying Equity Bank accounts from their PayPal accounts.
Dr. Mwangi awarded the African Business Leader of the Year by Africa Investor
October 24, 2013 … Equity Bank Group, Chief Executive Officer, Dr. James Mwangi has joined a pan African initiative that aims to promote private sector participation in infrastructure and intra-African investment.
Notice to Equity Bank Limited Shareholders
An Airlift of Promise
Nairobi, Kenya 30 July 2013 - Equity Bank and Airtel Kenya have today entered into a partnership that will offer comprehensive mobile commerce solutions to their customers in Kenya, through Airtel Money.
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, July 17 2013: Kenyatta University has unveiled a new prepaid, PayPass™-enabled card for its alumni body. The KU Alumni Card allows alumni to enjoy discounts with selected partners, ranging from hotels, bookshops and hospitals to insurance companies and mobile phone service providers.
June 6th 2013.. Equity Bank has notified the NSE, Capital Markets Authority and CBK of its decision to reorganize its finance function both at the Group level as well as the Kenyan subsidiary. The Board reached this decision following transitions that have taken place at the top level management of this function within the Group.