Equity Bank has once again been confirmed as Kenya's most valuable brand, with a brand value increase of 1 per cent to Ksh65.8 billion, according to new data from Brand Finance, the world’s leading brand valuation consultancy.
This achievement positions Equity Bank at the pinnacle of the Kenyan financial sector, showcasing robust growth and resilience even in challenging economic circumstances.
Despite a demanding financial environment marked by increased loan loss provisions and a net profit decline, Equity Bank has demonstrated remarkable financial management by significantly boosting its net interest income.
“Equity Bank's outstanding brand valuation and strength reflect its dominant position in the Kenyan financial landscape. The bank's solid financial performance, combined with stellar brand metrics, equips it well to navigate future challenges and capitalise on opportunities within the ever-evolving financial sector,” stated Walter Serem Brand Finance Director