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Bank
FINANCE | Retail Banking
equitygroupholdings.com

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Portfolio Exits

1

Partners & Customers

9

About Equity Group

Equity Group operates as a commercial bank.

Equity Group Headquarter Location

Nairobi,

Kenya

+254763063000

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Equity Group Web Traffic

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Latest Equity Group News

Equity Group’s Q1 net profit up 36pc to Sh12bn

May 12, 2022

Capital Business By NAIROBI, Kenya, May 12 – Equity Group has posted a 36 percent growth in its Q1 net profit which rose to Sh11.9 billion from Sh8.7 billion. The firm’s Managing Director James Mwangi has attributed the growth to a clear development strategy and adoption and usage of digital transaction capabilities. He said that the Covid-19 pandemic accelerated the adoption and usage of self-service banking using digital channels such as Equity Virtual Assistant (EVA). “The first quarter of 2022 is a demonstration of the strategy Equity is executing which is developmental. We want to use the Group to transform East and Central Africa and eventually the rest of Africa,” he remarked while issuing the results. Over the same period, the earnings per share grew by 34 percent to Sh 3.1 billion underlying its ability to sustain dividends. Net interest income recorded a growth of 31 percent to Sh19.4 million while interest-earning assets saw a growth of 36 percent. Equity Life Assurance Kenya Limited (ELAK) which started operations beginning of the year has built an asset base of 2.2 billion within the first quarter of its operations Mwangi reaffirmed that the firm which has subsidiaries in Kenya, Uganda, South Sudan, Rwanda, and Tanzania is committed to ensuring Africa’s growth and development. Recently, the group signed a partnership with International Finance Corporation (IFC) which seeks to support Equity’s`Africa Recovery and Resilience Plan’. Advertisement. Scroll to continue reading. The two signed a partnership that seeks to finance at least 5 million MSMEs and 25 million households, therefore, creating 50 million direct and indirect jobs. “We are more than a bank, we are an enabler of lifestyle. It’s the convenience we are offering that is attracting customers. We fulfill the needs and aspirations of customers and communities,” he said. As part of its 2025 strategy, the bank eyes 100 million customers, 5 million borrowing businesses, 25 million borrowing customers and offer 25 million direct jobs. The framework is pillared on food and agriculture, manufacturing and logistics, trade and investment, MSMEs, and social, transformation. environmental. 0

Equity Group Portfolio Exits

1 Portfolio Exit

Equity Group has 1 portfolio exit. Their latest portfolio exit was The Commercial Bank of Congo on February 12, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

2/12/2021

Merger

1

Date

2/12/2021

Exit

Merger

Companies

Valuation

Acquirer

Sources

1

Equity Group Acquisitions

1 Acquisition

Equity Group acquired 1 company. Their latest acquisition was The Commercial Bank of Congo on November 19, 2019.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

11/19/2019

$99M

Acq - Fin

3

Date

11/19/2019

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Acq - Fin

Sources

3

Equity Group Partners & Customers

9 Partners and customers

Equity Group has 9 strategic partners and customers. Equity Group recently partnered with Microsoft Azure on March 3, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

3/7/2022

Partner

United States

Equity, Microsoft Launch Virtual Hackathon to University Students in Kenya

`` We are indeed very happy to be launching our first-ever Equity Group Hackathon in partnership with Microsoft Azure , The University of Nairobi and Meru University of Science and Technology .

1

11/22/2021

Partner

South Africa

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10

11/10/2021

Partner

France

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10

10/2/2020

Partner

France

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10

4/29/2019

Licensee

Kenya

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10

Date

3/7/2022

11/22/2021

11/10/2021

10/2/2020

4/29/2019

Type

Partner

Partner

Partner

Partner

Licensee

Business Partner

Country

United States

South Africa

France

France

Kenya

News Snippet

Equity, Microsoft Launch Virtual Hackathon to University Students in Kenya

`` We are indeed very happy to be launching our first-ever Equity Group Hackathon in partnership with Microsoft Azure , The University of Nairobi and Meru University of Science and Technology .

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Sources

1

10

10

10

10

Equity Group Team

6 Team Members

Equity Group has 6 team members, including current Chief Executive Officer, Managing Director, James Mwangi.

Name

Work History

Title

Status

James Mwangi

Chief Executive Officer, Managing Director

Current

Joseph Ngari

Chief Financial Officer

Current

Julius Kipngetich

Chief Operating Officer

Current

Dan Sofronas

Ericsson, CTI, T-Mobile, and Various Inc.

Chief Technology Officer

Current

Dennis Volemi

Chief Information Officer

Current

Name

James Mwangi

Joseph Ngari

Julius Kipngetich

Dan Sofronas

Dennis Volemi

Work History

Ericsson, CTI, T-Mobile, and Various Inc.

Title

Chief Executive Officer, Managing Director

Chief Financial Officer

Chief Operating Officer

Chief Technology Officer

Chief Information Officer

Status

Current

Current

Current

Current

Current

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