Equity Bank (Rwanda)
| Type | Private |
|---|---|
| Industry | Financial Services |
| Founded | 2011 |
| Headquarters |
Kigali Reinsurance Plaza Kigali, Rwanda |
| Key people |
Mr. Samuel Kirubi, Managing Director |
| Products | Loans, Checking, Savings, Investments, Debit Cards |
| Revenue |
 Aftertax:US$488,300 (RWF:292 million) (2011)[1] |
| Total assets | US$14.9 million (RWF:8.9 billion) (2011) |
| Website | Homepage |
Equity Bank (Rwanda) (EBR), is a commercial bank in Rwanda. The bank is one of the commercial banks licensed by the National Bank of Rwanda, the national banking regulator.[2]
Overview
Equity Bank (Rwanda) is a small, but growing, financial services provider in Rwanda, with an estimated total asset valuation of about US$14.9 million (RWF:8.9 billion), as of December 2011. The shareholders' equity is not publicly known at this time.[3]
History
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.[4] 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, Uganda and Tanzania. Operations in Burundi are planned to commence soon.
Ownership
Equity Bank (Rwanda) is a 100% subsidiary of the Equity Bank Group (EBG). Headquartered in Nairobi, Kenya, EBG is the second largest financial services provider in East Africa. The group's asset base was valued at over US$1.7 billion (KES:143 billion), as of December 2010, with shareholder's equity valued at about US$323.5 million (KES:27.2 billion).[5] The group's customer base in the region it serves, is estimated at over 5.9 million companies and individuals.[6]
Member companies of the Group
The companies that comprise of the Equity Bank Group include but are not limited to the following: [7]
- Equity Bank - Nairobi, Kenya
- Equity Bank (Rwanda) - Kigali, Rwanda
[8][9] - Equity Bank (South Sudan) - Juba, South Sudan
- Equity Bank (Tanzania) - Dar es Salaam, Tanzania
[10] - Equity Bank (Uganda) - Kampala, Uganda
- Equity Consulting Group Limited - Nairobi, Kenya
- Equity Insurance Agency Limited - Nairobi, Kenya
- Equity Nominees Limited - Nairobi, Kenya
- Equity Investment Services Limited - Nairobi, Kenya
- Finserve Africa Limited - Nairobi, Kenya
- Equity Group Foundation - Nairobi, Kenya
- Housing Finance Company Limited - Nairobi, Kenya - A mortgage company: Equity Bank Group owns 25%[11]
- Equity Investment Bank - Nairobi, Kenya: Equity Bank Group has 100% shareholding
- Equity Insurance Company - Nairobi, Kenya: Equity Bank Group has 100% shareholding
The stock of Equity Bank Group 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 and started trading that day, under the symbol: EBL.[12]
Branch Network
Equity Bank (Rwanda) maintains the following branches, as of February 2012.[13][14]
- Main Branch - Kigali Reinsurance Plaza, Kigali
- 2nd Kigali Branch - Kigali
- 3rd Kigali Branch - Kigali
- 4th Kigali Branch - Kigali
- 5th Kigali Branch - Kigali
- 6th Kigali Branch - Kigali
- 7th Kigali Branch - Kigali
- Muhanga Branch - Muhanga
- Musanze Branch - Musanze
- Rubavu Branch - Rubavu
Three more branches are planned in 2012.
External links
See also
References
- ↑ Financial Loss In 2011
- ↑ List of Licenced Commercial Banks In Rwanda
- ↑ December 2011 Financial Data
- ↑ Equity Bank Enters Rwanda
- ↑ December 2010 Audited Financial Report
- ↑ Equity Bank Group Pretax Profits Surge 71% In 2010
- ↑ Members Of Equity Bank Group
- ↑ Equity Bank Group Obtains Rwanda Banking License
- ↑ Equity Bank Opens In Rwanda
- ↑ Equity Bank Group Enters Tanzania And Rwanda
- ↑ Equity Bank Group Has 25% Shareholding In Housing Finance Company of Kenya
- ↑ Equity Bank Group Crosslisted on the USE on June 18, 2009
- ↑ Branch Network As of November 2011
- ↑ Branch Network As of February 2012
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