Equity Bank lowers lending rates to 13 percent

Equity Bank has lowered the interest rate charged on loans to a maximum of 13 percent p. a with effect from Wednesday, 1 August 2018. This is in compliance with the Central Bank of Kenya guidelines to reflect the new Central Bank Rate (CBR) of 9 percent. This move comes a few days after CBK announced […]

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Equity Bank records Shs.5.9 billion 2018 quarter profit

Equity Bank, Kenya biggest bank in terms of customers recorded a profit after tax of Shs 5.9 billion in the first quarter of 2018 up from Sh 4.9 billion over the same period in 2017 representing an increase of  22 percent. This is according the bank’s 2018 Q1 financials released yesterday. The Bank attributed the […]

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It’s now possible to make your PayPal withdrawals via M-Pesa.

If you use PayPal to receive payments in Kenya then this is the best news for you today. Safaricom has announced a new partnership with the online payment service and TransferTo that will allow M-Pesa customers to send money or make purchases online via PayPal.   Previously, the withdrawals could only be made via Equity […]

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Equity bank records Ksh.18.9 billion profit after tax for the year 2017

Equity bank has reported a profit after tax of Kshs 18.9 billion for the year ending December 2017 up from Kshs 16.6 billion a year before, representing an increase of 14%. In a press briefing held today at the Bank’s headquarters in Upper Hill Nairobi, the bank attributed this growth in profit to increase in […]

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Equity Bank CEO James Mwangi. Equity Bank has today announced that it has adjusted its interest rates to 14.5% p.a

Equity Bank reduces interest rate on credit facilities to 14.5% p.a

In line with the new regulation, Equity Bank has today announced that it has adjusted its interest rates to 14.5% p.a. The new rate is the current base rate set and published by the Central Bank of Kenya vide Banking Circular No 4 of 2016 dated 13th September 2016 of 10.5% p.a + 4%. At […]

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Robin Amlot, (left) the CEO of CPI Financial presents Equitel award for the Best Mobile Bank Service in East Africa to Equity Bank’s Manager Consumer Credit Michael Nyaga (center) and Innovation, Product Development and Mobile Payments General Manager Eric Karobia (right)

Equity Bank Voted most innovative Bank in East Africa 2016

Equity Bank has been named the most innovative Bank in East Africa 2016 for the second year in a row. The company’s Mobile Banking service Equitel was also awarded the best mobile banking service during this year’s Banker Africa, East Africa Awards held in Nairobi. Speaking after receiving the award, Equity Bank Director of Corporate […]

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Equity Bank lines up Vijana na Equity programme to nurture youthful entrepreneurs in the creative space

Equity Bank Kenya has launched a dedicated online campaign to provide support for youthful entrepreneurs aspiring to make their mark in various creative fields. The campaign will target youth between the ages of 18-30 years. Within the Vijana na Equity scope, the first campaign seeks to support fledging fashion designers to attain their dreams while […]

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President Uhuru Kenyatta says he supports Equity’s thin-SIM technology

 By Nixon Kanali, Nairobi Recently, Equity bank issued smart sim powered by taisys technologies to provide mbanking and mobile communication services to its consumers. With this technology, Equity Bank customers will now enjoy funds transfer, micro-payments and other mobile financial services that are agnostic across mobile devices, including traditional basic-feature phones using Taisys’s “mBanking” and […]

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Equity Bank issues smart SIM powered by Taisys Technologies to provide mBanking and mobile communication services

By Nixon Kanali Equity Bank customers can now enjoy funds transfer, micro-payments and other mobile financial services that are agnostic across mobile devices, including traditional basic-feature phones using Taisys’s “mBanking” and “duoSIM” This announcement Today was made on Tuesday by Taisys Technologies Co. The company said Equity Bank will be issuing ultra-thin mobile banking smart SIM with […]

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