Browsing: BCDC

An Equity Bank branch. Equity, Kenya’s second biggest bank weathered the effects of the Covid-19 pandemic to surpass the US$ 10 billion (Ksh 1 trillion) mark in 2020.

Equity’s operations in the DRC now constitute 28 per cent of the Group by asset size signalling the company’s positive sentiment on the future outlook of the country. By virtue of the acquisition, Equity also became the largest bank by asset size at the Nairobi Securities Exchange (NSE).
Banking penetration in the DRC ranks at the bottom of regional peers, with only 6 per cent of the population holding a bank account. This presents a great opportunity for the Equity Group to leverage on its digital platform and inclusive products to penetrate the market and generate high returns. …