| Equity Bank Tanzania Limited | |
| Type: | Private |
| Foundation: | 2012 |
| Location: | Golden Jubilee Towers, Ohio Street Dar es Salaam, Tanzania |
| Key People: | Raymond Mbilinyi - Non-Executive Chairman Robert Kiboti - Managing Director |
| Num Employees: | 399 (Q4:2019) |
| Assets: | US$259.1 million (2020) |
| Revenue: | US$19.1 million (2020) |
| Num Locations: | 14 branches (2020) |
| Industry: | Financial services |
| Products: |
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| Parent: | Equity Group Holdings Limited |
| Owner: | Equity Group Holdings |
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]
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 is a large financial services group in East Africa.[8], 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]
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.