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Tanzania Report
Marcopolis presents the Tanzania Report focused on topics such as economy, investments and doing business, featuring interviews with Tanzania's leaders. The sectors under review in this issue are agriculture, banking, construction and real estate, energy, financial services, exports, industry, tourism, logistics and many more.
VideosAugust 04, 2016
Equity Bank: One of the Leading Banks in the East African Region
- Published: August 04, 2016
Equity Bank was founded in October 1984. It is the largest bank in the region in terms of market capitalization, profitability and customer base. The bank has operations in Kenya, Uganda, South Sudan, Rwanda and Tanzania, and is listed on the Nairobi Securities Exchange and Uganda Securities Exchange.
Joseph Iha, Managing Director of Equity Bank, talks about the bank's regional presence and explains why it is a huge advantage for customers who operate in the region.
"Our regional presence gives us a unique proposition, particularly for customers who operate in the region. There is a lot of intraregional trade between Kenya, Rwanda, Tanzania, Congo, South Sudan and various other regions. We have covered that whole circuit and we are still continuing with the expansion. What that gives our customers is the flexibility of moving around these regions to trade and do business without the hassles of walking around with cash. What we have done is to provide a uniform platform in all the markets that we operate so if you have an account in Nairobi and you go to Rwanda, the teller or cashier in Rwanda will be able to positively identify you as if you are in your home country, because all the details are shared and they will be able to identify your signature, check your account balance, transfer money for you or withdraw money for you. It basically creates a single market driven by the bank. I think we should be the preferred bank of choice for any business enterprise that has a regional presence because we have such a unified platform for you to do your trade", says Joseph Iha.
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