Equity receives Sh850m dividend from fintech unit
Equity Group received a Sh850 million dividend from its fintech unit last year which became the second-highest paying subsidiary.
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Equity Group received a Sh850 million dividend from its fintech unit last year which became the second-highest paying subsidiary.
Equity’s newly updated USSD service (*247#) accessible by dialling *247# on any mobile network also offers customers a unified service offering across mobile networks.
Six in 10 bank customers prefer mobile banking compared to other forms of accessing bank services, underlining the growing popularity of the convenient and automated platforms.
A bulk of the recently signed SME guarantees by Equity Bank totaling Kshs 52.25 Billion will go towards supporting women-owned and led MSMES across Kenya, Uganda, Rwanda, and DRC, Equity Group Holdings Managing Director and CEO Dr James Mwangi has said. Speaking during the recently signed Kshs 8.25 billion agreement with the African Guarantee Fund, Dr Mwangi said the move is aimed at giving equal opportunity to men and women without discrimination while derisking the SME segment. This is also part of the bank’s commitment to the Sustainable Development Goal 5 on Gender Equality on empowerin...