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Equity Bank readies Sh200bn for ten country expansion
An Equity Bank branch in Nairobi. Equity plans to enter Ethiopia, Burundi and the Democratic Republic of Congo in the next two years. FILE PHOTO | NATION MEDIA GROUP
Equity Bank plans to expand to ten countries in the next five years at a cost of Sh200 billion, it announced Tuesday.
The lender said it had already signed loan agreements for Sh36 billion ($400 million)—and Tuesday created additional shares worth Sh20 billion to be used in the acquisition process.
