Equity Group crosses Ksh. 1 trillion balance sheet mark after acquisition of BCDC Bank
Shares
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 Finacle core banking platform.
BCDC customers will enjoy a shared platform that Equity Group operates in six countries, giving them access to a multi-currency and multi-country platform that supports real time cross border transactions.
Speaking when announcing this milestone from Kinshasa Congo where he was witnessing the migration of BCDC to Equity’s core banking platform, Dr. Mwangi said, “We are delighted to witness this milestone that has shattered the psychological barrier of a trillion-shilling balance sheet. ” He added, “The benefits to our customers will be immense. The bank is also the most capitalized in East and Central Africa with over Ksh. 142 billion giving it a single lending obligor of Ksh. 35 billion. Equit