EquityBCDC has extended its social impact contribution through scaling up the various programs that are already under implementation through Equity Group. The Bank, whose purpose is to transform lives, give dignity and expand opportunities for wealth creation, has launched a mentorship and leadership development program dubbed the Equity Leaders Program (ELP).
Equity BCDC unveils new brand identity in DRC
Shares
Speaking during the launch of the new brand identity, Former Managing Director of Equity Bank Congo, Celestin Muntuabu said, “Today marks a historic event in our country, when two legendary banks, with diverse strengths have come together to form a bigger and stronger bank for the Congolese people. The bank will be in a position to extend small loans to enable young people and small-scale traders to grow their businesses and their dreams, becoming key players in our economy.”
Mr. Muntuabu also said that, “For the majority of Congolese who have to work everyday to earn a living, they won’t have to worry about making time to go to the bank to open a bank account. Equity BCDC has rolled out digital banking including mobile banking making banking something you do anywhere, anytime.”
Equity Group gets approval to merge two banks in DRC
Thursday December 31 2020
By PATRICK ALUSHULA
Summary
The lender said Wednesday that it has received nod from the Central Bank of Congo and will now proceed to merge BCDC with Equity Bank Congo (EBC), which it bought from ProCredit Bank about five years ago.
The combined outfit will become Equity Banque Commercial du Congo (Equity BCDC) and comes after the lender completed the acquisition of 66.53 percent stake in BCDC last August for $95 million (Sh10.37 billion).
Equity Group chief executive James Mwangi said the merged outfit will have a single obligator limit the maximum amount a bank is allowed to lend a single borrower in relation to the total shareholders fund of Sh4.36 billion ($40 million).