Equity Bank Ltd

completed

The proposed engagement with Equity Bank Limited (“EBL” or “the Bank”) is aligned to IFC’s strategy for the East African financial sector. The Project consists of a US$100 million senior loan to EBL, to help the Bank grow its lending to Micro, Small and Medium Enterprises (“MSME”), women entrepreneurs and the agricultural sector, and to support its regional expansion in East Africa. EBL is a commercial bank providing inclusive financial services with a specific focus on the underserved populations in Kenya, Uganda and South Sudan, with a customer base of 6.3 million majority of them small savers and an asset base of close to US$ 2 billion as of June 30, 2011.In addition to traditional brick and mortar outlets the bank has rolled out multiple delivery channels including ATMs, cash back services and POS to increase access to financial services. The bank recently rolled out mobile banking and agency banking which will take banking services to the remote areas and further increase access.