Fact of the Day: Kenya's Equity Bank is Africa's largest bank by customer base

With a customer base in excess of 8.7 million, Equity Bank is the largest bank in Africa by customer base.

Equity Bank is headquartered in Nairobi, Kenya, with subsidiaries in Kenya, Uganda, South Sudan, Rwanda, and Tanzania. 50% of all bank accounts in Kenya are Equity Bank accounts.

As of April 2014, Equity Bank Group’s total assets totaled Kshs 295B ($3.4B). Equity Bank is listed on both the Nairobi Securities Exchange and the Uganda Securities Exchange.

According to Equity Bank, its vision is “to be the champion of social economic prosperity of the people of Africa” while its purpose “is to transform the lives and livelihoods of the people socially and economically by availing them modern, inclusive financial services that maximize their opportunities.”

Equity Bank is led by James Mwangi, who serves as the bank’s Managing Director and Chief Executive Officer.