equity Archives - Daily Chronicles

Equity Bank has unveiled a real-time overdraft facility that will see borrowers top up to Sh100,000 in a charm offensive against Safaricom's Fuliza and Faraja products. The product, according to the insider with detailed knowledge, says it is part of the lender's move to stir financial inclusivity and boost the conventional market due perceived high level of risk. Although details of the facility, including specific terms and conditions are yet to be made clear, an insider at the bank revealed to the Star that the plan comes with a flexible repayment plan of up to 30 days. "The solution allows customers to top up any amount between Sh100 to Sh100,000. Borrowers can opt to repay the borrowed amount before the 30-day term concludes,'' the source told the Star. On the w...

President Uhuru Kenyatta has commended Kenya's Equity Bank for its growing continental presence saying the financial institution's expansion is helping unite Africa and expand her economic freedom. "It is a moment of rare regional and continental pride, as we witness our local enterprises coming together in the spirit of One Africa, One People," Uhuru said. The Head of State spoke Wednesday in DR Congo when he presided over the official inauguration of the rebranded Equity BCDC office block in Central Kinshasa. With the merger, Equity Group successfully combined BCDC’s heritage of 112 years in the DRC market, with its established track record in corporate banking; together with Equity Bank Congo’s solidly strong focus on financial inclusion. Uhuru urged private i...

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Equity Bank takes on Fuliza with a mobile overdraft facility

Uhuru commends Equity for growing continental presence