@CapitalFMNews

Igathe appointed Equity Bank Kenya Managing Director

2 months ago, 20 Sep 16:38

By: Correspondent

, NAIROBI, Kenya, Sept 20 – Former Nairobi County Deputy Governor Polycarp Igathe has been named the Managing Director of Equity Bank Kenya, five months after joining Equity Group Holdings Plc. 

This marks the completion of the Group’s strategy of separating the management of its subsidiaries from that of the Holding Company.

Dr James Mwangi will now serve as the Group Chief Executive and Managing Director providing overall strategic direction and oversight to the Group.

“Polycarp’s strong values and passion have enabled him to quickly fit well in the Equity Group organizational culture,” said Mwangi.

“We believe he has the skills, competence, capability and vision to retain Equity Bank Kenya in its leadership position while taking it to the next level.”

Equity Bank Kenya holds the lion share of the Group’s business and contributes over 80pc of the profitability.

Kenya led in the implementation of the Group’s digitization strategy that has seen the bank move over 97pc of its transactions from the banking halls to self-service digital banking tools.

The bank pioneered in rolling out agency banking in the region, setting the pace for the other subsidiaries.


Read More


Category: business finance

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@CapitalFMNews

Igathe appointed Equity Bank Kenya Managing Director

2 months ago, 20 Sep 16:38

By: Correspondent

, NAIROBI, Kenya, Sept 20 – Former Nairobi County Deputy Governor Polycarp Igathe has been named the Managing Director of Equity Bank Kenya, five months after joining Equity Group Holdings Plc. 

This marks the completion of the Group’s strategy of separating the management of its subsidiaries from that of the Holding Company.

Dr James Mwangi will now serve as the Group Chief Executive and Managing Director providing overall strategic direction and oversight to the Group.

“Polycarp’s strong values and passion have enabled him to quickly fit well in the Equity Group organizational culture,” said Mwangi.

“We believe he has the skills, competence, capability and vision to retain Equity Bank Kenya in its leadership position while taking it to the next level.”

Equity Bank Kenya holds the lion share of the Group’s business and contributes over 80pc of the profitability.

Kenya led in the implementation of the Group’s digitization strategy that has seen the bank move over 97pc of its transactions from the banking halls to self-service digital banking tools.

The bank pioneered in rolling out agency banking in the region, setting the pace for the other subsidiaries.


Read More

Category: business finance

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Mergers to help banks weather interest rate caps

Kenyan commercial banks are coming under pressure to merge and create entities large enough to survive financial crisis in the wake of stricter regulatory and competitive landscape. ...

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5 hours ago, 00:06
@StandardMedia - By: Dominic Omondi
Taxpayers get short end of stick in Treasury’s borrowing binge

With most of the cash going into debt repayment and some of it lost to graft, this has cut off financing to essential areas of the economy. ...

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