THE STANDARD By
Sara Okuoro |
December 23rd 2020 at 13:02:00 GMT +0300
Equity Group CEO Dr James Mwangi.
Equity is the first bank in East and Central Africa to achieve the trillion-shilling balance sheet milestone after migrating Banque Commercial Du Congo (BCDC) to its core banking platform.
The one trillion mark by Equity lifts the visibility of the financial sector in Eastern Africa significantly to compete favorably with financial institutions in South Africa, West Africa and North Africa for project and development finance.
“We are delighted to witness this milestone that has shattered the psychological barrier of a trillion-shilling balance sheet,” said Equity Group CEO Dr James Mwangi.
Blog
Blog
Blog
Blog
21 Dec, 2020 Author Matt SmithMohammad Abbas Taqi
Landmark issuances of green instruments suggest a growing trend in the Middle East and North Africa; Lebanon s beleaguered banks prepare for another challenging year; and Kenyan lenders are set to benefit from a risk-based loan pricing model.
Green financing set to grow
Green sukuk and bond issuance in the Middle East and North Africa region will likely increase in 2021 as governments and state-linked companies seek to diversify their financing sources and take advantage of falling pricing.
Investor appetite for regional green debt appears strong, with three landmark issuances in September. Egypt s $750 million, five-year bond was the first by a MENA sovereign and received $3.7 billion of orders, while state-controlled Saudi Electricity Co. s $1.3 billion green sukuk was 4x oversubscribed. Investors from Europe and the U.S. bought 88% of Egypt s bond, which car
Equity Bank Uganda has unveiled a new identity in line with Equity Group Holdings’ ongoing transformation journey.
The new identity is aimed at creating a sustainable growth path and service delivery in today’s dynamic financial services environment.
Hence forth Equity Bank Uganda will present itself as a unified brand, with one basket of products and services under one roof.
From an identity perspective, the new logo now features ‘Equity’ without an entity name such as Bank to signify a one-stop-shop and a consolidated business model for its inclusive range of financial services.
Speaking at the launch of the new identity, Managing Director Equity Uganda, Samuel Kirubi said that the new look is symbolic of Equity’s next phase of transformation to a unified brand offering integrated financial services in line with its vision of championing the socio-economic prosperity of the people of Africa.