Equity Bank

Equity Group Holdings (Pan‑African)

• Parent company: Equity Group Holdings Plc, a leading financial services conglomerate publicly listed in Nairobi, Uganda, and Rwanda

• Regional footprint: Subsidiaries in Kenya, Uganda, Tanzania, South Sudan, Rwanda, DRC, and a representative office in Ethiopia .

• Scale: As of Q3 2024, total assets exceeded KSh 1.70 trillion (~US $13 billion) with a customer base of ~21 million .

• Philosophy: Committed to inclusive, customer-focused services that empower clients socially and economically .

• Key person: James Mwangi – Group Managing Director & CEO, recognized globally for financial inclusion .

💸 Recent Financial News

• Q1 2025 performance: Equity Group’s pretax profit fell ~8% to KSh 18.7 billion (~US $145 million), largely due to a 12% drop in net interest income .

• Staff restructuring: As part of efforts to curb fraud and tighten internal controls, Equity Group removed 287 employees in April 2025 .

🇹🇿 Equity Bank Tanzania

History & Presence

• Start of operations: Launched on 9 February 2012, with initial branches in Dar es Salaam and Arusha .

• Branch network: Today, 14–15 branches across Tanzania – mainly in Dar es Salaam, plus Arusha, Mwanza, Moshi, Mbeya, Dodoma, Zanzibar, Morogoro .

• Headquarters: Based in Golden Jubilee Towers, Ohio Street, Dar es Salaam .

Leadership & Team

• MD: Robert Kiboti (Managing Director) and Raymond Mbilinyi (Non‑Exec Chairman) lead the Tanzanian unit .

• Workforce: Employs roughly 400–500 employees .

Products & Services

• Offers a full range of financial products:

  • Bank accounts: Checking, savings (including kids’ “Super Junior” accounts), diaspora banking .

  • Lending: Personal, business, mortgage, agricultural, green energy financing .

  • Digital/mobile banking: “Eazzy Banking” online/mobile app .

  • Other services: Investments, fixed deposits, forex services, ATM/card services .

Mission in Tanzania

Equity Bank Tanzania focuses on economic empowerment through innovation:

• Vision: Championing socio-economic prosperity across Africa .

• Local emphasis: Strong support for sustainable agriculture, green energy, climate resilience, and social enterprise .

Customer Reach

• Account base: Over 85,000 Tanzanian customer accounts by mid-2014

• Currency services: Offers multi-currency exchange (USD, GBP, Euro, UGX, etc.)

Branch Locations (2025 snapshot)

• Dar es Salaam: ~8 branches

• Other regions: Arusha, Mwanza, Moshi, Mbeya, Dodoma, Zanzibar, Morogoro

✅ Summary Highlights