Why Equity’s Mwangi sees potential in regional insurance
Under Dr. James Mwangi, Equity Group has not only transformed banking in Kenya but is now set to redefine the
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Equity Bank
Equity Group secures No.2 spot in global banking strength
East and Central Africa’s financial powerhouse Equity Group, has once again etched its name in the annals of global finance
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Equity Bank shifts to more agile Equity Mobile App
In Kenya’s evolving digital landscape, businesses are constantly challenged to adapt and innovate to meet the changing needs of discerning
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Equity opens 10 branches in expansion blitz
With a focus on high-value transactions and the need to offer personalized services, banking giant Equity has opened 10 new
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COP28 offers Equity, TransCentury chance to break ice after court battle
TransCentury Chairman, Shaka Kariuki, seized the opportunity during a panel discussion on Sustainable Trade Africa at the sidelines of COP28
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Subsidiaries drive Equity profit up 5 percent to Sh36.2 billion
The net earnings of regional lender Equity Group for the third quarter increased by 5 percent to Kes36.2 billion, driven
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How Equity’s instant top-up option works
Imagine a scenario where you’re right in the middle of a transaction, be it buying goods, paying bills, sending money, or topping up your airtime through *247#, Equitel, or the Equity Mobile App, and suddenly, you find yourself with insufficient funds. It can be incredibly frustrating, can’t it? The need to interrupt your payment process to search for alternative funds or not being able to meet your immediate needs when there are no alternatives at hand can be quite frustrating. Equity’s top-up option But here’s the exciting part – while tuning in to Gospel Sunday on Citizen TV recently, we stumbled upon a game-changing solution
Read MoreEquity, Mastercard partner to enhance payments
Equity Bank has signed a Customer Business Agreement with Mastercard, aimed at giving customers a broad range of benefits from a wide selection of Mastercard payment solutions ranging from World and World Elite cards, corporate cards and virtual cards. In addition, customers will perform a range of payments including cross-border remittance, e-commerce payments, QR and Tap on phone solutions. Additionally, Equity and Mastercard will co-create payment solutions in tandem with changing customer needs especially in e-commerce, cross-border payments, and segment-based value propositions. Other innovations will include community pass solutions that will enable farmers and traders to access services via different identification methods such as QR,
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Bank generous to shareholders despite looming liquidity challenge
Banks have stepped up dividend rewards to shareholders to lock in investors as share price collapse on exiting foreign investors. According to the Central Bank annual report, banks proposed dividends increased by Kes5.4 billion from Kes42 billion in December 2021 to Kes47.2 billion in December 2022. The higher payout helped boost the Return on Equity (RoE), which rose above pre-pandemic levels to 26.5 percent on higher returns to shareholders. Bank return on shareholders have rose from 22.3 percent in 2021 and 14.2 percent in 2020 when it collapsed on the effects of the Covid-19 pandemic, a period during which lenders restricted shareholders’ dividend to conserve cash for…
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