Equity Bank has once again been honored as the leading bank in the nation, marking its 12th consecutive year of success at the prestigious 18th edition of the Think Business Banking Awards. This esteemed accolade underscores the bank’s unwavering dedication to establishing a sustainable financial model and solidifying its position as a frontrunner in the industry.
In this year’s awards, Equity Bank clinched the top position in numerous categories, showcasing its exceptional performance across various sectors. The bank emerged victorious in the newly introduced ESG Factors category, Mobile Banking, Customer Centricity, Digital Banking, Retail Banking, Trade Finance, Agriculture and Livestock Financing, SME Banking, Agency Banking, Product Marketing, and Internet Banking. Moreover, the bank was bestowed with a Special Judges Award for Product Innovation, recognizing its contribution to championing clean energy access at both the institutional and household levels through the Equity Group Foundation’s Energy, Environment, and Climate Change initiatives.
Equity Bank generated a remarkable net profit of Sh. 12.3 billion in the first three months of 2023.
Commenting on the awards, Gerald Warui, the Managing Director of Equity Bank Kenya, expressed his gratitude, stating, “We invite our members to join us in celebrating their unwavering support and the legacy of self-determination that seeks to transform lives, expand opportunities, and create wealth with dignity. We believe that this victory will inspire our people to embrace the possibilities of their dreams coming true and relentlessly pursue their ambitions, while relying on our partnership and support.”
Equity Bank also claimed the first runners-up and second runners-up positions in five award categories, including Best Bank in Sustainable Corporate Social Responsibility, Best Bank in Corporate Banking, Best Bank in Asset Financing, Best Bank in Product Innovation, and Best Bank in Mortgage Financing. The annual Think Business Banking Awards is renowned for recognizing top banks nationwide based on comprehensive evaluations of institutional value, quantitative and qualitative metrics, customer value, and sustainable excellence.
During the awards ceremony, Michael Mutiga, the Chief Judge, remarked, “The submissions reflect the ongoing enthusiasm banks have for their business and accomplishments. They also demonstrate the industry’s commitment to innovation and transformation in meeting customer needs. It was truly impressive to witness the multitude of entries submitted, highlighting the industry’s efforts in matters concerning Environmental and Social Governance, as well as addressing needs such as mortgages, mobile banking, and expanding their presence within the region.”