EQUITY BANK RECOGNIZED AS BEST TRADE FINANCE BANK IN KENYA BY THE 2023 GLOBAL TRADE REVIEW (GTR) LEADERS IN TRADE AWARDS FOR AFRICA
Equity Bank Kenya proudly announces its recognition as the Best Trade Finance Bank in Kenya at the 2023 GTR (Global Trade Review) Leaders in Trade Awards for Africa. This prestigious accolade underscores Equity Bank's steadfast commitment to market leadership and its unwavering dedication to delivering top-tier trade finance solutions.
The GTR Awards, renowned for their capacity to identify industry trailblazers and top performers on a global scale, are a testament to Equity Bank's exceptional contributions to the realms of trade, commodities, supply chain, export finance, and fintech.
This esteemed honor solidifies Equity Bank Kenya's pivotal role in facilitating international trade and economic growth, further cementing its position as a frontrunner in the banking industry.
Equity Group's 2030 strategy, known as the Africa Recovery and Resilience Plan, represents a multi-pronged and holistic solution aimed at achieving socio-economic transformation across Africa. This plan outlines the bank's objectives in facilitating trade and investment, providing broader market access, supporting factor mobility, expanding markets, and enhancing access to technology to advance products and services.
Equity Group's trade finance performance remains robust. In the announcement of the 2023 half-year results, the Group reported an impressive 117% increase in gross trade finance revenue, amounting to Kes. 5.7 billion, up from Kes. 2.6 billion. Trade finance-related lending also saw significant growth, increasing by 46% to Kes. 50.1 billion, up from Kes. 34.4 billion.
Recent trade missions, organized by Equity Bank Kenya and its partners in the Democratic Republic of Congo, Tanzania, and Kenya, have brought together delegates representing various institutions. These missions aimed to engage local entrepreneurs, micro, small, and medium-sized enterprises (MSMEs), and corporates in pursuit of partnerships and investment opportunities in the East African Community (EAC).
Equity Bank Kenya Managing Director, Gerald Warui, expressed his thoughts on this recognition, stating, "This recognition underscores our steadfast dedication to advancing global trade, not only within Africa but also across continents. We are particularly proud of our achievements in trade finance, which play a pivotal role in enabling businesses to navigate borders seamlessly, thereby fostering job creation and a multitude of opportunities for wealth generation. Our commitment to leading the way in shaping Africa's financial landscape and propelling economic growth remains unwavering."
Cross-border trade within the continent has been a key imperative, driving the pursuit of agreements with trade blocs such as the Africa Continental Free Trade Area (AfCFTA) and the East African Community (EAC), as well as national governments in the region.
The Best Trade Finance Bank in Kenya award serves as a testament to the Group's unwavering commitment to supporting Kenyan businesses in trading internationally through accessible financial services. This commitment aims to catalyze sustainable economic growth across the continent.
Equity Bank Kenya Managing Director, Gerald Warui (Left) receives an award for Best Trade Finance Bank in Kenya from GTR’s Business Development Manager, Benjamin Cohen (Right). Equity Bank Kenya has been recognized as the Best Trade Finance Bank in Kenya by the 2023 GTR (Global Trade Review) Leaders in Trade Awards for Africa. This accolade signifies Equity Bank's unwavering commitment to market leadership and excellence in delivering top-tier trade finance solutions.
Equity Bank Kenya Managing Director, Gerald Warui (Centre) receives an award for Best Trade Finance Bank in Kenya from GTR’s Business Development Manager, Benjamin Cohen (Right). Joining them is Equity Group Chief Commercial Officer, Samuel Makome (Left). Equity Bank Kenya has been recognized as the Best Trade Finance Bank in Kenya by the 2023 GTR (Global Trade Review) Leaders in Trade Awards for Africa. This accolade signifies Equity Bank's unwavering commitment to market leadership and excellence in delivering top-tier trade finance solutions.
The Group recorded a 9-month Profit after Tax of Kshs.40.9 billion representing a 13% year- on-year growth, with earnings per share up to Ksh.10.4 from Ksh.9.2
Nairobi, 4th September 2024: Equity Bank has been celebrated as the most admired financial brand at the 14th annual Brand Africa 100, Africa’s Best Brands...
Equity has triumphed at the 2024 Euromoney Awards, securing 4 accolades that highlight its leadership in corporate responsibility & financial service excellence
Rating submitted. Thank you for your feedback.
SUBSCRIBE
to our mailing list and stay updated
Subscribed to our mailing list
Successfully sent to your email
Thank you for subscribing to our email list.
Kindly check your email for your authentication.
Our website uses cookies to help us improve our services to you. To stay informed about Equity Group Holdings Plc and its affiliates’ products, services, news, events and more, you consent to the use of cookies by clicking the 'I consent' button below to enable us to keep you up to date.
You should read our Data Privacy Policy so you can understand what type of cookies we use, the information we collect using cookies and how that information is used.
