Equity Bank Tanzania Limited

Company type| Private
Industry| Financial services
Founded| 2012
Headquarters| Golden Jubilee Towers, Ohio Street Dar es Salaam, Tanzania

Number of locations

| 14 branches (2020)

Area served

| Tanzania

Key people

| Raymond Mbilinyi \- Non-Executive Chairman
Robert Kiboti \- Managing Director
Products|

* Loans,
* Checking
* Savings
* Investments
* Debit Cards
* Diaspora Banking

Revenue| US$19.1 million (2020)
Total assets| US$259.1 million (2020)
Owner| Equity Group Holdings

Number of employees

| 399 (Q4:2019)
Parent| Equity Group Holdings Limited
Website| tz.equitybankgroup.com

Equity Bank Tanzania Limited, is a commercial bank in Tanzania, the second-largest economy in the East African Community. It is licensed by the Bank of Tanzania, the country's central bank and national banking regulator.[1][2] The bank is a member of the Equity Group Holdings Limited, a large financial services conglomerate, headquartered in Nairobi, Kenya, with subsidiaries in Kenya, Rwanda, South Sudan, Tanzania, Uganda, Democratic Republic of the Congo and a representative office in Ethiopia.[3]

## Overview[edit]

As of September 2014, Equity Bank Tanzania Limited owned total assets valued at US$143.42 million, with US$107.68 million in customer deposits and a loan book of US$87.1 million.[4] As at 31 June 2016, his bank was the leading originator of mortgage loans in Tanzania, accounting for an estimated TSh 96 billion (approx. US$45 million) in total mortgage loans.[5] At that time, this translated in about 20 percent market share of all mortgage loans in the country.[5]

In 2019, Equity Group Holdings Limited began talks to acquire four banks in Tanzania, Rwanda, Zambia and Mozambique from Atlas Mara in a share deal valued at KSh 10.6 billion (US$965 million) where the company had recorded a pre-tax loss of KSh 559 million (US$5.09 million). The transaction deal was dropped so that Equity Group Holdings Limited could stock their reserves and have cash flow during the COVID-19 pandemic that was being reported worldwide.[6]

By December 2020, Equity Bank Tanzania Limited recorded a total value of $162 million (KSh 17.8 billion) in customer deposits, a loan book worth $138 million( KSh 15.2 million) and asset value worth $259 million (KSh 28.5 billion).[7]

## Equity Group Holdings Limited[edit]

Equity Group Holdings Limited is a large financial services group in East Africa.[8] As of March 2014[update], As of August 2021, the group had an asset base valued at over US$10.2 billion (KSh 1.12 trillion), with a total customer base in excess of 14 million.[9][7] The companies that comprise the Equity Bank Group include the following:[10]

1. Equity Bank Kenya Limited – Nairobi, Kenya
2. Equity Bank Rwanda Limited – Kigali, Rwanda
3. Equity Bank South Sudan Limited – Juba, South Sudan
4. Equity Bank Tanzania Limited – Dar es Salaam, Tanzania
5. Equity Bank Uganda Limited – Kampala, Uganda
6. Equity Banque Commerciale du Congo – Kinshasa, Democratic Republic of the Congo
7. Equity Consulting Group Limited – Nairobi, Kenya
8. Equity Insurance Agency Limited – Nairobi, Kenya
9. Equity Nominees Limited – Nairobi, Kenya
10. Equity Investment Services Limited – Nairobi, Kenya
11. Finserve Africa Limited – Nairobi, Kenya
12. Equity Group Foundation – Nairobi, Kenya

Shares of the stock of Equity Group Holdings Limited, are listed on the Nairobi Stock Exchange (NSE), under the symbol EQTY. The Group's stock is also cross-listed on the Uganda Securities Exchange (USE), under the symbol EBL.

## See also[edit]

* Tanzania Banks
* Africa Banks
* Equity Group Holdings
* Bank of Tanzania
* Tanzania Economy

## References[edit]

1. ^ Bank of Tanzania (2019). "Directory of Commercial Banks Operating In Tanzania". Dar es Salaam: Bank of Tanzania (BOT). Retrieved 5 July 2019.
2. ^ Bank of Tanzania (20 February 2012). "Bank of Tanzania Issues Commercial Banking License To Equity Bank Tanzania Limited" (PDF). Bank of Tanzania. Retrieved 13 November 2014.
3. ^ Victor Juma (5 July 2019). "Equity deal adds 2,641 new staff to payroll". Business Daily Africa. Nairobi. Retrieved 5 July 2019.
4. ^ MXM (October 2013). "MFI Report: Equity Bank Tanzania Limited". MixMarket.Org (MXM). Retrieved 3 December 2014.
5. ^ a b Business Daily Correspondent (23 September 2016). "Equity Bank dominates mortgage lending in Tanzania". Business Daily Africa. Nairobi. Retrieved 24 September 2016. `{{cite web}}`: `|author=` has generic name (help)
6. ^ "Kenya: Why Equity Bank broke off talks with Atlas Mara". The Africa Report.com. 6 July 2020. Retrieved 14 September 2021.
7. ^ a b "Investor Relations | Equity Group Holdings". Retrieved 14 September 2021.
8. ^ Jackson Okoth, and Reuters (31 October 2014). "Equity Bank Posts 25% Jump In 9-Month Pretax Profit". The Standard (Kenya). Retrieved 13 November 2014. `{{cite web}}`: `|first=` has generic name (help)
9. ^ Kangethe, Kennedy (17 April 2014). "Equity Group In 20 Percent Profit Rise to KSh3.8 Billion". Capital FM Online (Nairobi) via AllAfrica.com. Retrieved 13 November 2014.
10. ^ Wahito, Margaret (31 October 2014). "Equity Bank Restructuring To Form New Holding Company". Capital FM Online (Nairobi). Retrieved 13 November 2014.

## External links[edit]

* Website of Equity Bank Tanzania Limited
* Website of Bank of Tanzania

* v
* t
* e

Equity Group Holdings

Banking|

* EquityBCDC
* Equity Bank Kenya
* Equity Bank Rwanda
* Equity Bank South Sudan
* Equity Bank Tanzania
* Equity Bank Uganda

Financial services|

* Equity Consulting Group
* Equity Insurance Agency
* Equity Investment Bank
* Equitel

Foundation|

* Equity Group Foundation

Health|

* Equity Afia

Board of directors:|

* Ambassador Erastus J O Mwencha (Chairman)
* James Mwangi (Group MD and CEO)
* Mary Wamae - Executive Director
* Dr. Edward Odundo
* Evelyn Rutagwenda
* Vijay Gidoomal
* Dr. Helen Gichohi
* Jonas Mushosho
* Lydia Ndirangu

Employees: 8,959 (2019) - Stock Symbol: KN: EQTY \- Website: www.equitybankgroup.com

* v
* t
* e

Banks of Tanzania

Big four Banks|

* CRDB Bank
* Exim Bank
* National Bank of Commerce(NBC)
* National Microfinance Bank (NMB)

Commercial banks|

* Absa Bank Tanzania
* AccessBank Tanzania
* Advans Bank
* Akiba Commercial Bank
* Amana Bank Tanzania
* Azania Bank
* Bank of Baroda
* NCBA Bank Tanzania
* DCB Commercial Bank
* Diamond Trust Bank
* Ecobank Tanzania
* Equity Bank Tanzania
* GTBank Tanzania
* Habib African Bank
* I&M Bank Tanzania
* ICB Tanzania
* KCB Tanzania
* Mkombozi Commercial Bank
* People's Bank of Zanzibar
* Mwanga Hakika Bank

Major foreign banks|

* Access Bank
* Bank of Africa
* Citibank
* Bank of India
* Stanbic Bank
* Standard Chartered
* United Bank for Africa
* United Bank Limited

Financial institutions|

* Maendeleo Bank
* Tanzania Postal Bank
* Tanzania Women's Bank Limited

Development bank|

* Tanzania Agricultural Development Bank
* Tanzania Investment Bank

Central Bank of Tanzania
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