Equity bank has won the global SME finance award in the platinum category of SME bank of the year – Africa, at the IFC global SME finance awards, held in the Netherlands.
Equity was selected from a competitive pool of 144 applicants.
The global SME finance awards celebrate the outstanding achievements of financial institutions and Fintech companies in delivering exceptional products and services to their SME clients.
Commenting on the award, Equity group CEO and Managing Director Dr. James Mwangi has termed the award as an honour for the bank to be recognized on a global level for its efforts in supporting the growth of SMES.
The award comes hot on the heels of equity’s recent membership of the SME finance forum, a global network managed by the IFC, aimed at promoting the financial growth of SMES.
Equity bank’s micro, small and medium enterprise loan book currently accounts for 60% of the bank’s total loan book.
SME deposits contribute 21.5% to the bank’s total deposits.
