History/Background
Having commenced business on registration in 1984, Equity has evolved from a Building Society to a Microfinance Institution and now the all inclusive Nairobi Stock Exchange public listed commercial bank.
With more than 2.8 million accounts, Equity is home to over 48% of all bank accounts in Kenya, making it the largest bank in the region in terms of customer base.
The solidness of Equity bank is underpinned by its massive shareholder fund base of over Kshs.17 billion complemented by an additional Kshs.7 billion of subordinated tier two capital.
The capital base makes Equity the most capitalized bank in the region. Equity Bank has received both local and global accolades for its unique and transformational financial model.
The bank is credited for taking banking services to the people through its accessible, affordable and flexible service provision.
In 2007 and 2008 consecutively, Equity was named the Best Bank in Kenya by Euromoney Awards for Excellence.
Equity is also the holder of the 2007 Global Vision Award in Microfinance "for initiating concepts of the future that will shape the Global Economy".
In 2008, the Kenya banking survey named Equity as the top ranked bank in Kenya, and the Renaissance Capital Bank Awards 2008 also named Equity Bank as the Overall Best Bank in Kenya.
During its first Super brand edition for East Africa in 2008, Equity Bank was recognized as the sole banking Super brand in East Africa.
Equity Bank has also been named by Africa Investor as the 2008 Best Performing Public Listed Company in Africa (Ai 100) and has also been voted by the African Banker 2nd Edition as the Best Microfinance bank in Africa.
Equity enjoys an A+ Credit rating from Global Credit Rating Agency.
Equity offers financial services through its over 90 licensed and still growing countrywide branch network and still growing supported by Alternate Delivery Channels which include 350 Visa branded ATMs 2500 Points of Sale (POS), Cash back services in all leading Super markets as well as internet and mobile banking channels.
The Bank runs on a Global Robust State of the Art Information Technology Computer System supported by Infosys, HP, Oracle and Microsoft.
As a Bank, we are guided by the following Core Values which we uphold in all the activities we undertake. These are:
- Professionalism
- Integrity
- Creativity and Innovation
- Teamwork
- Unity of purpose
- Respect and dedication to customer care
- Effective Corporate Governance