Equity Bank Kenya claims its mission is to empower clients and stakeholders, both socially and economically.

Equity Bank continued to grow its total assets in 2023, surpassing the KSh1 trillion ($7.7 billion) mark at the end of the year. The bank maintained a third of its consumer loans to salaried civil servants, teachers and private-sector employees at 13% interest, despite the central bank hiking rates much higher.

For the second year in a row, Equity Bank is Africa’s best bank for corporate responsibility. Under the leadership of group CEO James Mwangi, Equity Bank continues to create shared value for clients and citizens across its banking business, as well as its foundation, which dates back to 2008.

Equity Bank Kenya has been closely engaged in corporate social responsibility (CSR) initiatives since its launch in 1984. The award for Africa’s best bank for corporate responsibility this year is recognition of its position as a leader in the field.

East African banks have led the way in SME financing in Africa and none more so than Equity Bank. Nigerian banks often struggle to get to a double-digit percentage allocation of their loan books to SMEs. That’s partly due to a less diversified, oil-dependent economy. But even by east African standards, Equity Bank is impressive. Most of its loan book (54%) is with SME clients.

Unquantifiable risk as a result of Covid-19 made the complex deal unworkable.

Equity Bank has been involved in healthcare provision in Kenya since 2015, when it established Equity Afia as an integrated, scalable and sustainable healthcare delivery model through its nonprofit foundation.

Kenya’s Equity Bank stands out for its digital offering, and is poised to take advantage of the coronavirus-fuelled pivot towards cashless banking.

Kenya’s Equity Bank stands out as a modern financial institution, a domestic champion and a regional player. As a result, it receives this year’s award for Africa’s best bank.