Equity Bank CEO: CEO James Mwangi
EQUITY GROUP INVESTOR BRIEFING & RELEASE OF 2016 FULL YEAR FINANCIAL RESULTS
Equitel has been disbursing more loans than branches
Mwangi: Equity customers swiped up to 50 billion shillings in supermarkets and other outlets
Mwangi: Equity has done 2.7 million transactions 3x the agents and 10 times the ATMs
Liquidity in the banking industry has also been an issue ~ CEO James Mwangi.
Paypal has overtaken Moneygram in terms of customer usage. Currently standing at 27%. While monegram stands at 18%
Since introduced , Eazzyapp has attracted up to 160,526 downloads with 10.2M transacted via it.
The bank created three directorates to enhance focus on credit, SME, corporate and retail – Dr. Mwangi
200 Equity branches issued 400k loans vis a vis 3.5m loans issued by Equitel. ‘Customers have declared branches dead’.
EQUITEL currently has a customer base of 1.2 million as at end of 3rd quarter 2015..
Equity now has 7.5 million customers.