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Orange launches Visa card in partnership with Equity Bank
Read more: Orange Launches Visa Card in Partnership With Equity Bank
Partnership to increase financial inclusion and boost EMV migration efforts in the region
Read more: MasterCard and Equity Bank Announce Partnership to Introduce PayPass™ Enabled Cards
Equity Bank Group strengthens its fundamentals while expenses of ICT, Innovation and Product Rollout Slows Profit Growth To 7%.
The Group’s total assets posted a 24% growth during the year to close at Ksh 243 billion up from Ksh196 billion. Net customer loans reached Ksh 136 billion up by 19% from Ksh114 billion. Investment in Government Securities grew by 35% to Ksh 40.8 billion up from Ksh 30.2 billion while cash and bank placements grew by 28% to Ksh 45 billion up from Ksh 35.3 billion.
Read more: Equity Bank's Strategy Increases Profits by 36 Percent
Regional banking group, Equity Bank's reduction of interest rates by 700 bps from 25% to 18% has paid off by growing its loan book by Kshs 11 billion to Kshs 150 billion from Kshs 139 billion in the first quarter 2013 resulting in a growth of 21% in Year on Year.
Read more: Equity Bank’s Focus on Innovation Boosts First Half Year 2013 Profit
