Equity recognized as the best bank in Africa at the 2020 Euromoney Awards

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Lender Equity bank has scooped three top awards at this year’s Euromoney Awards for Excellence.

The Bank was awarded Best Bank in Africa, Excellence in Leadership in Africa, and for the second time in a row, Africa’s Best Digital Bank.

“Under the stewardship of Chief Executive Dr James Mwangi, the Group has come a long way from a traditional brick-and-mortar institution. After two years of extensive investment in digital technology, it now better reflects the changing needs and behaviour of its customer base,” noted Euromoney in their statement.

Equity won the Africa Best Bank award category having demonstrated its strong financial performance, differentiated business model, ability to adapt to changing market and regulatory conditions, innovativeness, and a track record of delivering on its targets to shareholders and commitment to its clients.

Similarly, the Bank won Africa’s best digital bank award for the second time in a row validating its leadership role in digital offering, both in corporate and retail banking, leveraging technology to benefit both clients and the efficiency of the institution.

This year, Euromoney introduced The Excellence in Leadership award category that recognized the efforts made by banks in responding to the COVID-19 pandemic for its employees, clients, own business, societies and economies. Equity was recognized for its proactive involvement in initiatives that have benefited the community in which it operates, more so during the current COVID-19 pandemic.

Commenting on the award, Equity Group Managing Director and CEO, Dr. James Mwangi said, “We are proud to receive three awards from Euromoney for our role in the community, as we continue to support our customers and clients. These awards are a true reflection of our commitment as a Bank to transform lives, give dignity and expand opportunities for wealth creation for our customers.”

The Euromoney Awards for Excellence were established in 1992 and were the first of their kind in the global banking industry. This year, Euromoney received almost 1,000 submissions from banks in their regional and country awards programme that covers more than 50 regional awards and best bank awards in close to 100 countries.

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