Equity Bank has been ranked as the second topmost valuable brand in Kenya, according to Brand Finance.
Brand Finance is an organization that specializes in brand valuation across all sectors. It annually undertakes the world's largest study on brand valuation, ranking over 5000 of the world's biggest brands across all sectors and geographies.
Commenting on the ranking, Equity Bank CEO Dr. James Mwangi, said, “This recognition is a testament to Equity’s commitment to living its purpose of transforming lives, giving dignity and expanding opportunities for wealth creation. Over time Equity has established itself as a Social and Economic brand, scaling on both fronts, owing to its unique approach. The Group has and will continue to impacts the lives and livelihoods of people in communities where it operates by using existing infrastructure, strategic partnerships, and a strong brand.”
For the first time this year, Brand Finance launched the Africa150 ranking, a ranking of Africa’s most valuable and strongest brands.
Equity, with a customer base of 14.2 million customers emerged among the topmost rated brands during the period. Equity Group Holding plc is also the 2nd highest valued brand by market capitalization at the Nairobi Stock Exchange at Ksh 132.3Billion.
Equity Bank recently won two awards at the African Banker Awards 2020. The Bank was awarded the Best Regional Bank in East Africa, and for the second year running, the Africa Socially Responsible Bank of the Year.