The new EquityBCDC bank, a subsidiary of Equity Group Holdings Plc of Kenya in the Democratic Republic of Congo (DRC), was inaugurated on April 21, 2021 in Kinshasa by Kenyan President Uhuru Kenyatta, who visited the premises of the imposing Equity building Center of 18 floors, on the sidelines of a stay in Kinshasa. He urged private investors to maximize the opportunities offered by regional cooperation frameworks such as the African Continental Free Trade Area (AfCFTA) to create regional supply chains.
The Kenyan president congratulated Equity on the milestone of its successful acquisition, integration and merger to create EquityBCDC, which is now the second largest commercial bank in the DRC. Thus merged, the new entity has a balance sheet of more than USD 3 billion with a national footprint of 74 branches, 214 ATMs, 13 dedicated local offices, 3,055 agents, a workforce of 1,156 employees and a customer base of over a million. And with the merger, Equity Group has managed to combine BCDC’s 112-year heritage in the banking market, with its well-established track record in corporate banking, as well as Equity Bank Congo’s strong focus on inclusion. financial.
“EquityBCDC gives our more than one million clients unparalleled access to a broad and deep franchise of banking expertise, channels and products, making it the largest financial services network in the DRC. We are building the DRC’s first fully digital bank, ”said Celestin Mukeba, Managing Director of EquityBCDC.
Equity Group Holdings Plc is an African financial services company listed on the Nairobi Stock Exchange, the Uganda Stock Exchange and the Rwanda Stock Exchange. In addition to Equity BCDC, the group has banking subsidiaries in Kenya, Rwanda, Uganda, Tanzania, South Sudan and a sales representative office in Ethiopia; with other non-bank subsidiaries engaged in the provision of investment banking, depository, insurance agency, philanthropy, advisory and infrastructure services. It has an asset base of over $ 10 billion, making it the region’s largest bank in terms of assets.
