Equity Group Holdings Limited has been sponsoring top performing students through scholarships dubbed Wings to fly for over a long period of time now. The group not only sponsor them to pursue secondary education but also in higher learning education, but do you know how much the Group is spending?
Is this giving back to the society? Well, The number of Wings to Fly beneficiaries reached over 15,000 at a cost of Ksh 15bn worth of comprehensive secondary school scholarships and leadership training. 5431 top performing KCSE scholars have benefited from Equity Bank’s University Paid Internship worth Ksh 2.08bn.
The Equity Airlift to global leading universities has so far benefited 465 university students at a cost of nearly Ksh 9.3bn through the Equity Leadership program. The Group’s business model continues to be validated by rating agencies and recognitions locally, regionally and globally.
Moody’s gave the Bank a global rating of B2 with a stable outlook same as the sovereign rating of the Kenyan government due to the Bank’s strong brand recognition, solid liquidity buffers and resilient funding profile, established domestic franchise and extensive adoption of digital and alternative distribution channels.
The Global Credit Rating (GCR) maintained Equity’s investment grade AA- on long term and A1+ short term with a stable outlook. Superbrand has for the last ten years in a row recognized Equity Bank as the Top Banking Superbrand in Kenya.
The Banker Top 1000 World Banks ranked it 799 overall in its global ranking, 35th in soundness (Capital Assets to Assets ratio), 44th in terms of Return on Capital and 8th on Return on Assets.
The Bank was also named the Best Retail Bank in Kenya and East Africa by the Banker Awards. In the Think Business Banking Awards 2018, the Bank won 24 awards out of its 24 entries; it emerged Best in 18 categories, including the Overall Best Bank in Kenya for the 7th year, and the Bank with The Lowest Charges to the individual.
It was first runner-up in four categories and second runner-up in one category. The Banker East African Awards 2017 named the Bank the Best Retail Bank in Kenya and East Africa, the Best Bank in Corporate Social Responsibility in East Africa and the Best Digital Bank in Kenya.
The Group CEO Dr. James Mwangi was named the Chief Executive of the Year 2018 by Think Business banking awards, the East Africa CEO of the Year by the Banker Africa Awards 2018 and African Banker of the Year by the African Banker Awards 2018.
The Bank also produced the Outstanding Young Banker of the Year in the Think Business Banking Awards for the second year in a row, denoting the Bank’s focus on internal talent development through coaching and mentoring. As much as they make all these big steps, do you think they are doing enough to appreciate the society?
