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Equity Bank completes acquisition of DRC's ProCredit Bank

Equity CEO James Mwangi (left) and Helen Alexander, a member of the management board of ProCredit Holdings, during the signing of a deal to acquire ProCredit Bank Congo on May 26, 2015. PHOTO | FILE

Equity Bank Wednesday announced the completion of its acquisition of ProCredit Bank of the Democratic Republic of Congo (DRC).

Equity Group had earlier this year entered into an agreement with ProCredit Holding to acquire 79 per cent of the issued share capital of ProCredit Bank Congo S.A an SME focused bank in the DRC.

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