Equity Bank Kenya Limited
PredecessorEquity Building Society
9th Floor, Equity Centre
Hospital Road, Upper Hill
Nairobi, Kenya
Key people
Ambassador Erastus J O Mwencha -Chairman
Gerald Warui – Managing Director.
ProductsLoans, Mortgages Investments, Debit Cards, Credit cards
RevenueIncrease: profit Aftertax: US$308.32 million (KES:33.9 billion) (2021)[2]
Total assetsUS$7.04 billion (KES: 774.4 Billion) (2021)
ParentEquity Group Holdings Limited

Equity Bank Kenya Limited is a financial services provider headquartered in Nairobi, Kenya. It is licensed as a commercial bank by the Central Bank of Kenya, which is the central bank and national banking regulator of Kenya.[3] In 2010 the bank introduced the Agency banking model,[4] which has proved a success[5][clarification needed] and is regulated by Central Bank of Kenya Prudential guidelines.[6]


Equity Bank Kenya Limited was incorporated in 2014, as a result of the corporate restructure of its parent company Equity Group Holdings Limited.[7] 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. 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 personnel management to its subsidiaries, the group would be better able to invest and develop the businesses.[7]

During an extraordinary shareholders general meeting held on 24 November 2014, it was resolved to restructure the firm, leading to the formation of Equity Bank Kenya Limited.[8]

Equity Bank Kenya won the most Socially Responsible Bank of the Year by the African Banker Awards for the year of 2019 and also Bank of the Year in Kenya award by The Banker for the year 2019.[9]

According to the business daily, the bank rebranded in 2019 in a bid to do business under one brand for the next phase of growth as the bank was marking 35 years.[10] In 2020, Equity Bank acquired Ban[11]que Commercial Du Congo (BCDC).


The Equity Bank Kenya Limited is wholly owned by the Equity Group Holdings, which has a customer base in excess of 14 million in six East African countries, making it one of the largest commercial banks on the African continent by number of customers.[12]

Branch network

Equity Branch Fourways Branch in Nairobi, Kenya
Equity Branch Fourways Branch in Nairobi, Kenya

Equity Bank maintains a network of 190 branches across Kenya, which includes 52 branches in Nairobi.[13]


The eight-member board of directors is chaired by Ambassador Erastus J O Mwencha. Gerald Warui, serves as the managing director of the bank.[14]

See also


  1. ^ "Ambassador Erastus J O Mwencha is Appointed Board Chairman of Equity Bank (Kenya) Ltd". Retrieved 6 September 2021.
  2. ^ "Audited December 2013 Annual Report". Equity Bank Group (EBG). March 1014. Retrieved 23 November 2014.
  3. ^ "Central Bank of Kenya: Directory of Commercial Banks And Mortgage Finance Companies". Central Bank of Kenya. Archived from the original on 1 July 2014. Retrieved 23 November 2014.
  4. ^ "New agency banking system deepens access to financial services". Business Daily. Retrieved 23 August 2017.
  5. ^ "Equity Bank 3.0: Agency Banking & Equitel". bankelele.blogspot.co.ke. Retrieved 23 August 2017.
  6. ^ "Legislation and Guidelines – CBK". CBK. Retrieved 23 August 2017.
  7. ^ a b "Circular To Shareholders for The Transfer of The Kenyan Banking Business to a Newly Created, Wholly Owned Subsidiary". Equity Bank Group. 31 October 2014. Archived from the original on 12 November 2014. Retrieved 23 November 2014.
  8. ^ Wahito, Margaret (31 October 2014). "Equity Bank restructuring to form new holding company". Nairobi: 98.4 Capital FM. Retrieved 20 September 2018.
  9. ^ "Winners Announced for African Banker Awards 2019 | Les gagnants pour les Trophées African Banker 2019". African Business. 13 June 2019. Retrieved 1 September 2021.
  10. ^ "Equity rebrands in growth push". Retrieved 6 September 2021.
  11. ^ Omondi, Dominic. "Equity Bank value crosses Sh1tr after Congo acquisition". The Standard. Retrieved 20 January 2022.
  12. ^ Flood, Zoe (3 July 2014). "Kenya's Mobile Innovation Brings Digital Money Closer". BBC News. Retrieved 23 November 2014.
  13. ^ "Equity Bank Branches | Equity Bank Branches Kenya | Branches Equity Bank Kenya". banks-kenya.com. Retrieved 20 May 2021.
  14. ^ "Equity Appoints Veteran Insider for Managing Director Position | Equity Group Holdings". Retrieved 6 September 2021.