Equity Bank Buys Teachers' Bank In New Deal With Spire Bank

Similarly, Equity Bank Kenya is likely to acquire approximately 3,700 loan customers that have outstanding loan balances reported at a net carrying value after statutory loan loss provisions of KES 945 million. Spire Bank in its un-audited half-year financial statements as of 30 June 2022 which represents approximately 0.23% of EBKL’s reported net loans and advances to customers of KES 417,482 million and approximately 0.15% of Equity Group’s reported consolidated net loans and advances to customers KES 650,556 million as at 30 June 2022.

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