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Equity Bank Rwanda Limited
Company typePrivate
IndustryFinancial services
Founded2011
HeadquartersGrand Pension Plaza
Kigali, Rwanda
Key people
Hannington Namara,
Managing Director
ProductsLoans, Checking, Savings, Investments, Debit Cards
RevenueIncrease Profit After tax:US$15.4 (RWF:15.6 Billion) (Dec 2020)
Total assetsUS$363.39 million (RWF:366.39 billion) (Q1:2021)
ParentEquity Group Holdings Limited
Websiterw.equitybankgroup.com

Equity Bank Rwanda Limited (EBRL), is a commercial bank in Rwanda. The bank is licensed by the National Bank of Rwanda, the central bank and national banking regulator.[1]

Overview

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EBRL is a medium-sized financial services provider in Rwanda, with an estimated total asset valuation of about US$363.39 million (RWF:366.39 billion), as of 31 March 2021. The shareholders' equity was US$52.42 million (RWF: 52.86 billion).[2]

History

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The bank was granted a banking license by the National Bank of Rwanda, in 2011 and commenced banking services in the fourth quarter of 2011.[3] Rwanda was the fourth East African country where the Equity Bank Group has opened a subsidiary. Operations in Tanzania commenced during the first quarter of 2012. The bank group maintains financial services subsidiaries in Kenya, Rwanda, South Sudan,Democratic Republic of Congo Uganda and Tanzania. Operations in Burundi are planned to begin in the next five years.

According to the New Times Rwanda, Equity Bank Rwanda received the Bank of the Year-Rwanda 2020 award by The Banker during the Bank of the Year Awards.[4]

Ownership

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Equity Bank Rwanda Limited is a 100% subsidiary of the Equity Group Holdings Limited. Headquartered in Nairobi, Kenya, Equity Group Holdings Limited is the largest financial services provider in East Africa. As of 30 September 2021, Equity Group Holdings' asset base was valued at over US$3.83 billion (KES:339.44 billion), with shareholders' equity in excess of US$10.2 billion (KES:1.12 Trillion).Cite error: A <ref> tag is missing the closing </ref> (see the help page).

Branch Network

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Equity Bank Rwanda Limited maintains the following branches, as of December 2014.[5]

Equity Rwanda Branch Network
No Location Number
1 Kigali 14
2 Branches outside Kigali 8
Total 22

Equity Group Holdings Limited

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The companies that compose the Equity Group Holdings Limitedinclude but are not limited to the following:

  1. Equity Bank Kenya Limited – Nairobi, Kenya Kenya – 100% Shareholding – A commercial bank in Kenya, serving individuals and businesses.
  2. Equity Bank Rwanda Limited – Kigali, Rwanda Rwanda[6][7] – 100% Shareholding – A commercial bank in Rwanda, serving both individuals and businesses.
  3. Equity Bank South Sudan Limited – Juba, South Sudan South Sudan – 100% Shareholding – A commercial bank in South Sudan.[8]
  4. Equity Bank Tanzania Limited – Dar es Salaam, Tanzania Tanzania[9] – 100% Shareholding – A commercial bank in Tanzania.
  5. Equity Bank Uganda Limited – Kampala, Uganda Uganda – 100% Shareholding – A commercial bank in Uganda.
  6. Equity BCDC – Kinshasa, Democratic Republic of the Congo Democratic Republic of the Congo: 77.5 percent Shareholding – A commercial bank in DR Congo.[8][10]
  7. Equity Consulting Group Limited – Nairobi, Kenya Kenya
  8. Equity Insurance Agency Limited – Nairobi, Kenya Kenya – 100% Shareholding – The insurance agency arm of the group. Offering bancassurance services to customers
  9. Equity Nominees Limited – Nairobi, Kenya Kenya – 100% Shareholding – A Nominee company.[11] Holding investments on behalf of customers.[12]
  10. Equity Investment Bank Limited – Nairobi, Kenya Kenya[13] – 100% Shareholding – An investment bank in Kenya. A member of the Nairobi Securities Exchange and licensed by the Capital Markets Authority.
  11. Finserve Africa Limited – Nairobi, Kenya Kenya – 100% Shareholding – A mobile virtual network operator (MVNO) in the Kenya.
  12. Equity Group Foundation – Nairobi, Kenya Kenya – 100% Shareholding – The philanthropy and corporate social responsibility arm of the group.
  13. Azenia - Nairobi, Kenya -- 100% Shareholding – A technological affiliate for developing digital solutions to the group.

The stock of Equity Group Holdings Limited is traded on the Nairobi Stock Exchange, under the symbol: EQTY. On Thursday 18 June 2009, the Group's stock cross listed on the Uganda Securities Exchange (USE), and started trading that day, under the symbol: EBL.[14]

See also

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References

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  1. ^ BNR, . (2014). "BNR Supervision: List of Licensed Banks". National Bank of Rwanda (BNR). Archived from the original (PDF) on 12 July 2014. {{cite web}}: |first= has numeric name (help)
  2. ^ "Equity Bank Rwanda PLC (31 March 2021)". Retrieved 1 September 2021.
  3. ^ EABW Reporter, . "Rwanda: Equity Bank Enters Rwanda". East African Business Week (Kampala) via AllAfrica.com. Retrieved 2 December 2014. {{cite web}}: |first= has numeric name (help)
  4. ^ "Equity Rwanda named Bank of the Year 2020". The New Times | Rwanda. 5 January 2021. Retrieved 1 September 2021.
  5. ^ EGHL, . "Equity Bank Rwanda Limited: Branch Contacts". © 2014 Equity Group Holdings Limited (EGHL). Retrieved 3 December 2014. {{cite web}}: |first= has numeric name (help)
  6. ^ Namata, Berna (4 April 2011). "Equity Gets Kigali's Nod To Set Up Shop In Rwanda". The EastAfrican (Nairobi). Retrieved 23 November 2014.
  7. ^ Staff Reporter, . (7 November 2011). "Rwanda: Equity Bank Enters Rwanda". East African Business Week (Kampala). Retrieved 23 November 2014. {{cite web}}: |first= has numeric name (help)
  8. ^ a b Juma, Victor (20 April 2017). "Equity Group now raises stake in its Congo unit to 86 percent". Business Daily Africa. Nairobi. Retrieved 24 March 2018.
  9. ^ Kimani, Mwaura (31 January 2011). "Equity Bank Eyes 20 Percent Profits Outside Kenya". The EastAfrican (Nairobi). Retrieved 28 November 2014.
  10. ^ Adonijah Ochieng (9 September 2019). "Equity To Expand In DRC With Acquisition of Second-Largest Bank". Business Daily Africa. Nairobi. Retrieved 8 October 2019.
  11. ^ "Nominee Director and Nominee Companies". www.offshore-islands.com. Retrieved 13 May 2015.[permanent dead link‍]
  12. ^ Cite error: The named reference :0 was invoked but never defined (see the help page).
  13. ^ Kangethe, Kennedy (19 August 2013). "Kenya: CBA Capital, Equity Investment Bank Join NSE". 98.4 Capital FM (Nairobi) via AllAfrica.com. Retrieved 28 November 2014.
  14. ^ Newvision Archive, . (21 June 2009). "Equity Bank Cross-Lists On USE". New Vision (Kampala). Archived from the original on 21 October 2014. Retrieved 3 December 2014. {{cite web}}: |first= has numeric name (help)
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Category:Banks of Rwanda Category:Banks established in 2011 Category:2011 establishments in Rwanda Category:Organisations based in Kigali Category:Economy of Kigali

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