Equity Bank Rwanda Limited (EBRL) is a commercial bank in Rwanda and it is licensed by the National Bank of Rwanda, the central bank and national banking regulator.
Overview
Equity Bank Rwanda Limited is a medium-sized financial services provider in Rwanda with an estimated total asset valuation of about US$133.25 million (RWF: 90.7 billion), as of 30 September 2014. The shareholders’ equity was not publicly known at that time.
History
The bank was granted a banking license by the National Bank of Rwanda, in 2011 and commenced banking services in the fourth quarter of 2011. Rwanda was the fourth East African country where the Equity Bank Group has opened a subsidiary. Operations in Tanzania commenced during the first quarter of 2012. The bank group maintains financial services subsidiaries in Kenya, Rwanda, South Sudan, Uganda and Tanzania. Operations in Burundi are planned to begin in the next five years.
Ownership/Governance
Equity Bank Rwanda Limited is a 100% subsidiary of the Equity Group Holdings Limited. Its headquarters are in Nairobi, Kenya. Equity Group Holdings Limited is the second largest financial services provider in East Africa by assets next to Kenya Commercial Bank Group (KCB Group). As of September 2014, Equity Group Holdings’ asset base was valued at over US$3.83 billion (KES: 339.44 billion), with shareholders’ equity in excess of US$644.6 million (KES: 57.1 billion). At that time, the group’s customer base was estimated at over 9.2 million in the five East African countries that it serves, making it the largest commercial bank on the African continent, by customer numbers.
Equity Group Holdings Limited
The companies that compose the Equity Group Holdings Limited include but are not limited to the following:
Equity Bank Kenya Limited – Nairobi, Kenya
Equity Bank Rwanda Limited – Kigali, Rwanda
Equity Bank South Sudan Limited – Juba, South Sudan
Equity Bank Tanzania Limited – Dar es Salaam, Tanzania
Equity Bank Uganda Limited – Kampala, Uganda
Pro-Credit Bank Congo SARL – Kinshasa, Democratic Republic of the Congo
Equity Consulting Group Limited – Nairobi, Kenya
Equity Insurance Agency Limited – Nairobi, Kenya
Equity Nominees Limited – Nairobi, Kenya
Equity Investment Services Limited – Nairobi, Kenya
Fin-serve Africa Limited – Nairobi, Kenya
Equity Group Foundation – Nairobi, Kenya
Equity Investment Bank – Nairobi, Kenya: Equity Bank Group has 100% shareholding
The stock of Equity Group Holdings Limited is traded on the Nairobi Stock Exchange, under the symbol: EQTY. On Thursday 18 June 2009, the Group’s stock cross listed on the Uganda Securities Exchange (USE), and started trading that day, under the symbol: EBL.
Branch Network
Equity Bank Rwanda Limited maintains the following branches, as of December 2014.
Kigali Main Branch – Grand Pension Plaza Building, KN 4 Avenue, Kigali
Rubavu Branch – Maison Saint Joseph, Main Street, Rubavu
Nyarugenge Branch – Ground Floor, Kigali City Market, Commercial Avenue, Nyarugenge, Kigali
Remera Branch – Nobiscum House, Amahoro National Stadium Avenue, Remera, Kigali
Rusizi Branch – Kamembe Main Road, Rusizi.
Rwamagana Branch – Rwanda Social Security Bureau House, Opposite Dereva Hotel, Rwamagana
Muhanga Branch – African Hills Building, Kigali-Huye Road, Muhanga
Nyabugogo Branch – Societe Duteraninkunga House, KN 1 Road, Nyabugogo, Kigali
Musanze Branch – Mushakamba House, Musanze-Rubavu Road, Musanze