Equity Bank Limited
Africa
Region
‐
Investment (MNOK)
Exit
Status
Equity is the leading inclusive banking group in East Africa with over 9 million customer accounts and nearly $4 billion in assets. Listed on the Nairobi Securities Exchange and the Uganda Securities Exchange, the bank has subsidiaries across the region and is engaged in the provision of banking, insurance agency, investment banking, securities brokerage and information and telecommunications technology outsourcing services.
Key information
- Sector:
- Financial Inclusion
- Investment (MNOK):
- ‐
- Year:
- 2019
- Region:
- Africa
- Country:
- Regional
- Domicile:
- Kenya
- Instrument:
- Loans
- Status:
- Exit
- Mandate:
- Development
Norfund’s initial investment in Equity Bank was in 2014. However, in 2016, when the investment company Arise was established , Norfund transferred its equity holdings in Equity Bank to Arise.
Additionality for Equity Bank Limited
This investment is particularly additional on the following ambitions:
- Investing in the most capital constrained markets
- Investing in the riskiest markets
- Mobilising private investors
- Improving social and environmental standards
