Equity Bank has followed suit with other financial institutions by reducing its lending rates. The bank has announced a 300 basis point (3 percent) cut in interest rates for both new and existing loans denominated in Kenyan Shillings. Effective from February 13, 2025, for new loans and March 1, 2025, …
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Equity Bank Group saw a significant 25.2% increase in its Q1 profit, reaching Sh16 billion, attributed mainly to robust growth across its subsidiaries. The bank’s MD and CEO, James Mwangi, credited this growth to strong leadership decisions and a flexible balance sheet. ALSO READ: KCB Shifts Focus to Gor Fixture After …
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Equity Group has solidified its standing as one of the strongest banking brands worldwide, ranking second in Brand Finance’s 2024 Brand Strength and Brand Value rankings. With a Brand Strength Index score of 92.5 out of 100 and an AAA+ rating, Equity climbed from 4th position in 2023 to secure …
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Equity Bank Kenya has been acknowledged as the top global performer by the International Finance Corporation (IFC), a member of the World Bank Group, in the 2023 Climate Assessment for Financial Institutions (CAFI) Awards for Climate Reporting. Out of 258 participating financial institutions worldwide, Equity Bank reported the highest number …
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The Lower Eastern Times Opening The Third Eye