Equity Bank has just won 22 awards in the just concluded Think Business Banking Awards, including scooping CEO of the Year and Overall Best Bank in Kenya awards. This is an increase of three awards from last year’s tally of 19 at the same competition.
“These awards recognize the efforts we have put in and we are continuing to put in, to increase financial inclusion and integrating new banking technologies in line with our vision to champion the socio-economic prosperity of our people,” Said Equity Bank CEO Dr James Mwangi, winner of the CEO of the year category for the second year running.
The Overall Best Bank category which Equity won is arguably the most comprehensive of the bunch. According to Think Business, the overall winner has to be all rounded not only demonstrating financial stability and growth but also embrace corporate governance best practices, products and systems innovation, engagement as well as sustainable social projects.
Equity also scooped the SME Banking, Agency Banking, Mobile Banking, Asset Finance, Internet Banking, Digital Banking, Product Innovation, Sustainable CSR and Outstanding Young Banker of the Year Award. The bank has been buoyed by its focus on the agency banking model, mobile banking through Equitel- its Mobile Virtual Network Operator (MVNO) partnership with telco Airtel Kenya and Eazzy mobile banking app.
Started in 2006, the Think Business Banking Awards is an initiative of Think Business Limited, a business intelligence, research and publishing company in Kenya specializing in the financial sector. The competition aims to encourage foresight and stability in the banking sector by recognising, and awarding model performers in the sector. According to Mr Ochieng Oloo, CEO Think Business, the awards are a great way to benchmark against the best in the industry.
Other winners in the annual banking awards include Stanbic Bank, recognised as the best lender to the agricultural sector, Diamond Trust Bank who won the Product Innovation category and Citi Bank feted for being top in corporate banking.