The annual awards, organised by African Banker Magazine and supported by the African Development Bank and the African Guarantee Fund, recognise excellence and innovation in Africa's banking industry.
This year marked the 19th edition of the ceremony, drawing top financial institutions and leaders from across the continent.
Equity Bank, headquartered in Kenya, earned the accolade for its significant contribution to financial inclusion, digital banking innovation, and regional economic development.
The bank operates across six countries, including Kenya, Uganda, Tanzania, Rwanda, South Sudan, and the Democratic Republic of Congo and maintains a representative office in Ethiopia. It serves over 22 million customers and manages assets exceeding $13.9 billion.
Accepting the award, Dr. James Mwangi, Managing Director and CEO of Equity Group Holdings, noted that the award reflects the bank's commitment to transform the financial sector.
'It is a testament to our commitment to delivering transformative financial services that empower individuals, businesses, and communities across East Africa,' he said.
According to the regional lender, the success has been driven by its Africa Recovery and Resilience Plan, a strategic blueprint focused on accelerating economic recovery and sustainable growth post-pandemic.
The plan targets key sectors such as agriculture, manufacturing, MSMEs, health, education, clean energy, and social protection, with the goal of transforming Africa's economic landscape.
The bank has also been recognised for its leadership in digital banking, with nearly 86% of transactions now conducted through digital platforms. This digital shift has expanded financial access for underserved communities, contributing significantly to financial inclusion across the region.
Omar Ben Yedder, Chair of the African Banker Awards Committee, praised Equity Bank for its pivotal role in fostering regional integration and economic resilience, saying: 'Equity Bank exemplifies how African-owned banks can drive development, support entrepreneurship, and help build robust economies.'
Rania Umutoni
Source : https://en.igihe.com/business-62/article/equity-named-best-regional-bank-in-east-africa
