Particulars of Shareholding
The Group and Company complies with the provisions of the Capital Markets Act and all the Rules Regulations and guidelines made there under. Monthly reports are made to the Capital Markets Authority (CMA) and the Nairobi Securities Exchange (NSE) on the particulars of the shareholders as required by the law. The following are details of key strategic shareholders of the Bank:
Norfininvest AS is a company incorporated in Norway with the sole purpose of owning the stakes in Equity Bank Holding Ltd. jointly owned by Norfund and NorFinance AS. Norfund – the Norwegian Investment Fund for Developing Countries – invests in the establishment and development of profitable and sustainable enterprises in developing countries. By contributing to the development of local businesses, jobs and economic growth, Norfund aims at reducing poverty. Norfund cooperates with partners that have the best potential for commercial success - Norwegian or international. The current investment portfolio of Norfund totals USD 1.7 billion invested in 129 different projects. NorFinance AS is a cooperation between Norfund and several private Norwegian investors to promote increased investment in Financial Services in Sub-Saharan Africa.
BRITISH –AMERICAN INVESTMENTS COMPANY (KENYA) LIMITED (BRITAM)
Britam is a diversified financial services Group with interests in insurance, asset management, private equity, property and banking. It is a company listed on the Nairobi Securities Exchange. Britam Group has subsidiaries in Kenya, Uganda, South Sudan, Tanzania, Malawi, Mozambique and Rwanda. The largest shareholder in Britam is British-American (Kenya) Holdings Limited which in turn is controlled by British-American Insurance Company (Mtius) Limited, a company incorporated in Mauritius.
THE NATIONAL SOCIAL SECURITY FUND (NSSF, UGANDA)
The National Social Security Fund (NSSF) of Uganda is a National Saving Scheme mandated by the Government of Uganda through the National Social Security Fund Act, Cap 222 (Laws of Uganda) to provide social security services to employees in Uganda. It was established by an Act of Parliament (1985) to provide for its membership, payment of contributions to, and payment of benefits out of the Fund. It is a provident fund (pays out contributions in lump sum) that covers all employees in Uganda’s private sector that are not covered by the government’s pension scheme. NSSF Uganda is the largest investor on the Uganda Securities Exchange with total assets equivalent to 5.6% of Uganda’s GDP (approximately USD 1.6 Billion). NSSF Uganda acquired a 2.44% shareholding in Equity Group Holdings Limited in June 2015.