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equity group

Equity

Equity Group partners with DEG to launch German desk for the East African market

Staff WriterNovember 15, 2024

Equity Group has partnered and DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH, the German Development Finance Institution (DEG), to launch of the...

Equity

Equity Group profit after tax rises by 13% to Ksh. 40.9 Billion in Q3 2024

Staff WriterNovember 12, 2024

Equity Group Profit after Tax for the third quarter has risen by 13% to hit Kshs.40.9 billion as compared to Ksh. 36.2 Billion that was realized in a similar pe...

Equity

Equity Group reports a Ksh. 29.6 Billion net profit for the half year

Staff WriterAugust 12, 2024

Equity Bank has posted a 12.5 percent growth in net profit in the first half of 2024 to KSh 29.6 billion as compared to KSh 26.3 billion recorded in a similar p...

Equity Group registers an impressive Ksh. 16B net profit for Q1 2024

James WamathaiMay 13, 2024

Equity Group Holdings has announced that it has recorded a strong Ksh. 16 billion profit after tax for the period ended 31st March 2024. This is a 25% growth to...

Equity Group posts Ksh. 43.7B net profit for FY 2023: To pay Ksh. 15.1B in dividends

James WamathaiMarch 27, 2024

Equity Group Holdings has announced that it posted a Ksh. 43.7 billion profit after tax for the year ended December 31 2023. This is a 5% decline from the Ks...

Equity Group ranked as the second strongest banking brand globally

Grace MathekaMarch 8, 2024

Equity Group has been ranked second best performing brand in the 2024 Brand Finance’s Brand Strength and Brand Value rankings. The Group climbed from 4th po...

Equity

Equity Group finalizes the acquisition of Rwanda’s Compagnie Générale de Banque Plc

Staff WriterDecember 1, 2023

Equity Group has announced that it has completed the acquisition of Rwanda's Compagnie Générale de Banque Plc. The acquisition follows the fulfilment of condit...

Equity Group net profit rises by 8% to hit Ksh. 12.8 Billion

Staff WriterMay 16, 2023

Equity Group has reported a net profit Kshs.12.8 Billion for Q1 2023 which is an 8% rise up from Kshs.11.9 billion reported in a similar period last year. Th...

Equity

Equity Group, leading the digital transformation of Kenya’s banking industry

Staff WriterApril 6, 2023

The banking industry in Kenya has undergone a significant digital transformation in recent years, with the sector embracing technology to meet the growing deman...

Equity Bank

Equity Group reports a 15% rise in its net profit to Ksh. 46.1 billion

Samson NderiMarch 28, 2023

Equity Group has reported a Ksh. 46.1 billion net profit for the year ended December 2022, this is a 15 percent rise in profitability from Sh40.07 billion which...

Equity

Equity Group emerges 4th among the world’s strongest banking brands

Staff WriterMarch 22, 2023

Equity Group has been ranked in the 4th position at the World’s Top 10 Strongest Banking Brands with a Brand Strength Index score of 92.4 out of 100 and an elit...

Equity Bank

Equity Group has reported a Ksh. 34.4 Billion net profit in Q3

Staff WriterNovember 23, 2022

Equity Group Holdings Plc has reported a Kshs. 34.4 Billion shillings profit after tax for the nine months to 30th September 2022, this is a 26.61 per cent rise...

Equity Group emerges as the Best Financier for Women Entrepreneurs at the Global SME Finance Awards 2022

Staff WriterOctober 12, 2022

Equity Group has been named as the platinum winner for the Best Financier for Women Entrepreneurs by the International Finance Corporation (IFC) and the Global ...

Equity Group reports a Ksh. 24.4 Billion net profit for half year

Staff WriterAugust 23, 2022

Equity Group has reported a net profit of Ksh. 24.4 Billion for the half year 2022, this represents a 36% rise from the Ksh. 17.9 Billion for a similar period ...

Equity Group ranked as the 5th strongest banking brand in the world by Brand Finance

Staff WriterJuly 21, 2022

Equity has continued to prove that doing well can go hand in hand with doing good. This has over time earned the lender trust capital that has enabled it to gr...

AfCFTA Secretariat and Equity Group partner in a bid to deepen the economic integration in Africa

Staff WriterJuly 18, 2022

The African Continental Free Trade Area (AfCFTA) Secretariat and Equity Group have signed a Memorandum of Understanding in a bid to deepen the economic integr...

Equity Group has acquired a Ksh. 19.1 Billion credit facility from IFC in a bid to support SMEs

Staff WriterMay 10, 2022

Equity Group and the International Finance Corporation (IFC) have signed a partnership agreement in support of the sustainable development of Africa. This will ...

Equity Group trade delegation to DRC commits to invest $1.6 Billion in the country

Samson NderiApril 12, 2022

26 companies which were part of the trade delegation organised by Equity Group to the Democratic Republic of Congo have committed trade investments worth $1.6Bi...

Equity

Equity Group posts Ksh. 39.17 Billion net profit for the year 2021

Samson NderiMarch 22, 2022

Equity Group recorded net profit growth of 98 percent to Ksh39.17 billion from Ksh19.78 billion the previous year. This rise in profitability was on the bac...

Equity

Equity Group partners with Microsoft to launch hackathon open to students from UON and Meru University

Samson NderiFebruary 24, 2022

Equity Group, in partnership with Microsoft, has launched a virtual hackathon open to students from The University of Nairobi and Meru University of Science and...

Equity Group launches Equity Life Assurance as it diversifies to insurance

Grace MathekaJanuary 10, 2022

Equity Life Assurance (ELAK) which is fully owned by Equity Group Insurance Holdings has received a life insurance license to operate as an insurance provider i...

Equity Group Q3 financial results show net profit has grown to Ksh. 26.9 billion

Grace MathekaNovember 9, 2021

Equity Group Holdings has reported a 79% rise in net profit, from Ksh. 15 billion to Ksh. 26.9 billion, for the period ended September 30th 2021. There was a...

Equity Group has invested Ksh. 54.3 billion in social impact projects in the past half year

Grace MathekaAugust 28, 2021

Equity Group has announced that it invested a total of Ksh. 54.3 billion ($496 million) in social impact projects through the Equity Group Foundation in the fir...

Equity Group reviews its Articles of Association to reinforce its governance structure

Grace MathekaJune 28, 2021

Equity Group shareholders have passed resolutions to reinforce the governance structures of the Group, diversity of the Board composition, and assure investors ...

Equity Group has partnered with the UN to accelerate attainment of SDGs

Grace MathekaJune 24, 2021

Equity Group Foundation has partnered with the United Nations system in Kenya and its SDG Partnership Platform to accelerate the achievement of the SDGs in Keny...

Equity Group Foundation donates PPEs worth Ksh. 33M to 25 hospitals in Kenya

Grace MathekaJune 20, 2021

Equity Group Foundation (EGF) and the Kenya COVID-19 Fund Board have donated medical grade PPEs valued at Ksh. 33 million to 25 mission hospitals. The hospitals...

Equity Group posts Ksh. 8.7 Billion net profit for Q1 2021

Samson NderiMay 26, 2021

Equity Group has posted a Ksh. 8.7 Billion net profit for the first three months to March which was a 64% rise from a similar period last year. The rise in p...

How to apply for the 2021 Elimu scholarship program by Equity Group Foundation

James WamathaiMay 21, 2021

Equity Group Foundation (EGF) has launched the application process for the 2021 Elimu scholarship program is now open and will close on 31st May 2021. Elimu sch...

Equity Group Foundation launches applications for the 2021 Wings to Fly program

Grace MathekaMay 21, 2021

Equity Group Foundation (EGF) has launched the application process for the 2021 Wings to Fly scholarship program. The program is in partnership with the Masterc...

Equity Group to join Nyandarua farmers in planting 60,000 trees

Grace MathekaMay 21, 2021

Equity Group has partnered with Kipipiri Sub-County to support farmers and institutions in planting 60,000 tree seedlings in Nyandarua County. This tree plantin...

Equity Group Foundation and KFS partner to plant 7,000 trees at UoN Campuses

Grace MathekaMay 19, 2021

Equity Group Foundation (EGF) and Kenya Forest Service (KFS) have joined the University of Nairobi to plant 7,000 trees at various campuses. The tree-planting e...

Equity Group invests Ksh. 996M to acquire additional 7.7% stake in Equity Bank Congo

Grace MathekaMay 17, 2021

Equity Group has acquired an additional 7.7% stake in Equity Bank Congo (EBC) from German sovereign wealth fund KfW. This latest acquisition is valued at Ksh. 9...

Equity

Equity Group’s digitization efforts pay off with 62.6% of transactions being done on mobile

Grace MathekaApril 22, 2021

Equity Group has for the first time in history handled less than half of its transaction value within its branches, accounting for only 37.4% of such value with...

Equity Group posts Ksh. 20 Billion net profit for the full year 2020

Samson NderiMarch 29, 2021

Equity Group has posted a net profit of Ksh. 20 Billion for the full year 2020, this was a 11.6% decline from the previous year. This drop in profitability w...

Equity Group receives Ksh. 8.25B from AGF to support women owned SMEs

Grace MathekaMarch 19, 2021

The African Guarantee Fund (AGF) and Equity Group have signed an agreement to provide Ksh. 8.25 billion ($75 million) in funding to four of Equity’s bank subsid...

Equity Group appoints Yves Cuypers as head of Central & Southern Africa region

Grace MathekaFebruary 16, 2021

Equity Group has announced the appointment of Mr. Yves Cuypers as the first Equity Group Regional Director in charge of the Central and Southern Africa Region. ...

Equity Group Foundation donates PPE’s worth Ksh. 2.5 Million to KMTC

Grace MathekaFebruary 11, 2021

The Kenya Medical Training Institute (KMTC) final year medical students have received half a million medical grade masks donated by the Equity Group Foundation ...

Equity Group crosses Ksh. 1 trillion balance sheet mark after acquisition of BCDC Bank

Makena Ndung'uDecember 23, 2020

Equity Group has announced that it has crossed the Ksh. 1 trillion ($10 billion) balance sheet mark after the successful migration of BCDC Bank to Equity’s Fina...

Christopher Newson appointed as Non-Executive Director by Equity Group

Grace MathekaDecember 20, 2020

Equity Group Holdings Plc has announced the appointment of Christopher Newson as a Non-Executive Director to its Board. Christopher is a career banker with o...

Equity Group Foundation and Covid-19 fund to embark on second round of PPE distribution

Samson NderiNovember 9, 2020

Equity Group Foundation and the Kenya COVID-19 Fund Board have commenced the distribution of the second consignment of locally manufactured personal protective ...

Equity Group posts Ksh. 9.1 Billion net profit for the period ended 30th June 2020

Samson NderiAugust 18, 2020

Equity Group Holdings PLC has posted a Ksh. 9.1 Billion net profit for the half year results for the period ended 30th June 2020. This reflects a 24% decline in...

Equity Group has completed the acquisition of the majority stake in Banque Commerciale Du Congo

Samson NderiAugust 11, 2020

Equity Group Holdings PLC has announced the completion of its acquisition of the 66.53% stake in the Banque Commerciale Du Congo (BCDC) in a transaction worth U...