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Equity Bank 2020
Ericsson
#101 Posted : Tuesday, March 16, 2021 1:27:54 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,521
Location: NAIROBI
https://www.businessdail...lending-to-smes-3323954

Equity Group has received Sh8.2 billion ($75 million) as a credit guarantee fund from pan-African financial institution, African Guarantee Fund in order to increase its lending to small businesses.
The fund brings the total credit flows aimed at supporting MSMEs to Sh52.5 billion.

The fund will help the bank reduce its loan provisions and conserve its balance sheets and boosts its profits. Equity is expecting to receive 125 million euros (Sh16.5 billion) loan facility signed two weeks ago with the European Investment Bank.

The bank also received a $100 million (Sh11 billion) credit facility from leading European Development Banks - DEG, FMO and CDC-UK.

In September, Equity Group signed a $50 million (Sh5.5 billion) loan facility with International Finance Corporation, and $100 million (Sh11 billion) from France’s development finance institution, Proparco in October.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
JoeNgugi
#102 Posted : Wednesday, March 17, 2021 7:02:38 PM
Rank: New-farer


Joined: 9/8/2018
Posts: 24
How do SMEs get these monies? What is the process or its still a loan with the same terms and conditions as other loans
Ericsson
#103 Posted : Monday, March 29, 2021 9:19:48 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,521
Location: NAIROBI
Ericsson wrote:
Ericsson wrote:
To get a good effect of COVID-19 on the financials
Q1--7bn
Q2--4.9bn

Q3--7.9bn

Nine months profit 19.7bn
Total Assets ksh.933bn

Q4--2.4bn
FY2020 Profit 22.2bn
Total Assets ksh.1.015 trillion

Restructure loan facilities worth KES 171 Billion [$ 1.55 Billion], or about 32% of the entire loan book in FY 2020.
KES 40 Billion of the restructured loans had normalized as of end December

https://www.nse.co.ke/ph...ar-ended-31-dec-2020.pdf
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#104 Posted : Monday, March 29, 2021 3:23:50 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,521
Location: NAIROBI
EQUITY REGIONAL SUBSIDIARIES PERFORMANCE
KES Billion
Tanzania
Customer Deposits----17.8
Loan Book------------15.2
Total Assets---------28.5
Profit Before Tax-----(0.4)

Uganda
Customer Deposits-----48.4
Loan Book-------------37.7
Total Assets----------61.8
Profit Before Tax------2.3

South Sudan
Customer Deposits------5.68
Loan Book--------------0.1
Total Assets-----------9.8
Profit Before Tax------1.1

Rwanda
Customer Deposits------27
Loan Book--------------21.3
Total Assets-----------38.8
Profit Before Tax------1.7

DRC
Customer Deposits------234
Loan Book--------------90.5
Total Assets-----------285.1
Profit Before Tax------1.6

KENYA
Customer Deposits------496.7
Loan Book--------------313.1
Total Assets-----------667.6
Profit Before Tax------14.2
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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