• Home
  • Business News
  • Weekly Reviews
  • Market Reports
Friday, May 9, 2025
  • Login
  • Home
  • Business News
  • Weekly Reviews
  • Market Reports
  • Global Markets
  • Commodities
  • Corporate News
No Result
View All Result
The Trading Room
  • Home
  • Business News
  • Weekly Reviews
  • Market Reports
  • Global Markets
  • Commodities
  • Corporate News
No Result
View All Result
The Trading Room
No Result
View All Result
Home Business News

Equity Bank to Increase Stake to 66pc in DRC Bank.

The Trading Room by The Trading Room
in Business News
Reading Time: 1 min read
A A
0
Equity Bank to Increase Stake to 66pc in DRC Bank.

Equity Group CEO James Mwangi During the unveiling of the Bank's new logo earlier in the year.

Share on FacebookShare on Twitter

Equity Group Holdings Plc has announced that it entered talks with Belgian entrepreneur, George Arthur Forrest and his family to acquire majority stake totaling to 66.5% Banque commerciale du Congo (BCDC) for a cost of Kes. 10.5 Billion.

RELATED POSTS

Asian Markets Post Gains After Weeks of Drop As Trade Wars Hold

Stanbic Bank Launches Platform to Enhance Access to Chinese Markets

Oil Prices Soar as Iran fires missiles at Israel

Equity Bank which entered DRC in 2015 through an acquisition of a local bank said this was in line with the company’s vision of becoming a regional leader in provision of Financial services. Once the acquisition is completed, the bank hopes to merge the Equity Bank DRC subsidiary with BCDC which will see it become the second largest bank in Congo by assets and the largest bank by deposits.

Equity Group had announced the acquisition of Atlas Mara earlier in the year, this saw the bank gain access into an four African countries. Atlas Mara brought on board 62 percent of shares in Banque Populaire du Rwanda, and 100 per cent of African Banking Corporation (ABC) operations in Zambia, Tanzania, and Mozambique.

Last week, Equity Group reported a nine-month pretax profit of 24.78 billion shillings amidst the effects of an interest rate cap that slowed economic growth.

 

Post Views: 1,017
Buy JNews
ADVERTISEMENT
Tags: Banque commerciale du Congo (BCDC)Equity GroupNSE
Previous Post

Market Report 18-Nov-19

Next Post

Market Report 19-Nov-19

The Trading Room

The Trading Room

Related Posts

Global Markets Asian markets
Business News

Asian Markets Post Gains After Weeks of Drop As Trade Wars Hold

by Rennie Odek
Muya Guo Head of Chinese Segment at Stanbic Bank Kenya
Business News

Stanbic Bank Launches Platform to Enhance Access to Chinese Markets

by Felix Ochieng
Brent Crude Oil Prices WTI
Business News

Oil Prices Soar as Iran fires missiles at Israel

by Githere Eddie
Kakuzi logo
Business News

Kakuzi Plc Joins the List of NSE Firms Issuing Profit Warning for 2023

by Felix Ochieng
Next Post
Market Report 19-Nov-19

Market Report 19-Nov-19

Market Report 20-Nov-19

Market Report 20-Nov-19

Stanbic holdings

CMA grants Stanbic Africa On-Market Trading on Stanbic Kenya Shares.

Please login to join discussion
Advertisement Banner Advertisement Banner Advertisement Banner
ADVERTISEMENT

Most Viewed Posts

  • Tea Farmers Set to Receive Kes 28 Billion as Final Bonus Payment (4,091)
  • 4 Things You Can Do With the Cashlet App to Achieve Your Financial Goals (2,183)
  • Hilda Njeru Takes over at CDSC (2,047)
  • Safaricom Finally Launches eSIM: Here’s What You Need to Know (1,888)
  • KenGen Gets Nod to Sell 4 Million Tonnes of Carbon Credits (1,791)

Follow Twitter

About Us

Follow Us

Popular Tag

Africa Asian - Pacific Stocks Asian Stock Markets Australian Stocks Bitcoin Bonds Kenya Bonds Trading in Kenya Brent Brent Crude Capital Markets Authority Central Bank of Kenya Corona Virus Pandemic Crude Oil Cryptocurrencies Derivatives NSE Derivatives Trading in Kenya Dow Jones Industrial Average Ethereum European Stock Markets Global Economy Global Markets Hang Seng Index Investing in Kenya Investor Briefing Jakarta Stock Exchange Kenya Economy Kospi index MSCI Index Nairobi Securities Exchange NASDAQ New York Stock Exchange Nikkei N225 NSE Oil Futures S&P 500 Index Safaricom Plc Shanghai Composite Shenzhen component spotlight Stock Market Report Stock Market Review U.S. Stock markets US oil Wall Street WTI Oil Index

Recent News

Image of workers of NSE discussing Market report

NSE Market Report 11 April 2025: Britam moves 15.1 Million Shares

Safaricom Soya

Boost For SOYA as Safaricom Gives KES 1Mn Sponsorship

  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 The Trading Room Limited.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
TSLA 
$298.71  4.88%  
GME 
$27.57  2.95%  
MSFT 
$436.70  0.34%  
AAPL 
$198.04  0.28%  
AMC 
$2.74  1.30%  
ABNB 
$125.51  0.70%  
GOOGL 
$152.58  1.10%  
AMZN 
$192.21  0.07%  
No Result
View All Result
  • Home
  • Business News
  • Weekly Reviews
  • Market Reports

© 2025 The Trading Room Limited.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?