Name: EQUITY BANK
Item: EQUITY BANK
Author: Admin

Equity Bank Kenya Limited is a financial institution whose main office is in Nairobi, Kenya. It is licensed as a commercial bank. In 2010 the EBKL introduced Agency banking model which is already proving to be successful and is following the Central Bank of Kenya Prudential guidelines.
Equity Bank Kenya Limited was established in 2014 as a result of the corporate restructure of Equity Group Holdings Limited. Prior to November 2014, Equity Group Holdings Limited operated both as a licensed bank and a holding company for its subsidiaries.
On 31 October 2014, Equity Bank announced its intention to incorporate a new wholly-owned subsidiary, Equity Bank Kenya Limited, to which it would transfer its Kenyan banking business, assets and liabilities. The rationale for the reorganization is that by converting Equity Group Holdings Limited into a non-trading holding company (as defined under the Banking Act) that owns both banking and non-banking subsidiary companies and provides strategic, brand, risk and talent management to its subsidiaries, the Group will be better placed to invest and to develop the existing and new businesses as part of its third phase of growth and transformation.
During an extraordinary shareholder’s general meeting held on 24 November 2014, it was resolved to adopt the proposed restructure thus leading to the formation of Equity Bank Kenya Limited.
Equity Bank is a wholly owned subsidiary of Equity Group Holdings Limited. Making it a member of the Equity Group Holdings Limited.
Equity Bank maintains a network of 173 branches across Kenya, which includes 38 branches in Nairobi.

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