Equity Bank has opened a new branch in Marigat town, increasing its total number of branches across the nation to 215. This new branch will serve as a financial hub tailored to meet the specific needs of the Marigat community and its neighboring areas.
Customers to the new branch will have access to a wide array of products and services, such as savings accounts, loans, money transfer services including Western Union, MoneyGram, Transfast, hellopaisa, and Ria, as well as insurance and investment products.
Equity Bank has been rapidly expanding, with several new branches inaugurated across the country in 2024. Last month, the bank opened two new branches, one in Gikomba Market and another in North Horr, Marsabit County, to enhance the accessibility of financial services for individuals and businesses in these regions.
The Gikomba branch provides essential convenience and accessibility for both individuals and business owners. It connects businesses and their owners to key suppliers and distributors through efficient working capital financing along the business value chain.
This branch aims to further the bank’s mission to empower and support small businesses by offering a diverse range of financial services and financial literacy programs.
The North Horr branch represents the bank’s ongoing commitment to improving access to banking services and fostering financial empowerment in rural communities. Residents of North Horr now have access to a comprehensive range of customized financial solutions for both individuals and businesses.
In addition, Equity Bank has opened new branches on Mombasa-Kenyatta Avenue, with Kahawa West relocating to West View Plaza along Northern Bypass, and Kakuma moving to a new site next to Gateway Health Centre in Kakuma town.
Equity Bank has also strengthened its presence in the Coast region by opening a new branch in Mariakani, Kilifi County, in April. This addition increased the bank’s network in the Coast region to 20 branches.
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In 2024, Equity Bank was named Kenya’s most valuable brand, with its brand value rising by 1% to KES 65.8 billion, according to Brand Finance, the world’s leading brand valuation consultancy.
This achievement placed Equity Bank at the forefront of Kenya’s financial sector. The bank also maintained an impressive Brand Strength Index score of 92.46, almost identical to last year’s score of 92.43.
With these new branches, Equity Group now boasts a network of over 400 branches across Kenya, DRC, Uganda, Rwanda, Tanzania, South Sudan, and a representative office in Ethiopia.
This extensive network is supported by 83,142 agents, 33,179 POS merchants, and more than 1.1 million PayWithEquity merchants throughout East and Central Africa.