Equity Bank Rwanda has received the Bank of the Year Rwanda 2020 award by The Banker, during the Bank of the Year Awards.
The Bank of the Year Awards 2020 by the Banker, a monthly international financial affairs publication owned by The Financial Times Ltd, is a continental awarding showpiece that recognizes and acknowledges excellence in the banking sector drawn from the world's leading financial institutions.
They are judged on their ability to deliver returns, gain strategic advantage and serve their markets.
The Bank emerged top in class for exhibiting strong financial performance in the financial year of 2019.
Commenting on the award, Equity Bank Rwanda Managing Director, Hannington Namara said, "We are delighted to be recipients of Bank of the Year Rwanda 2020 award by The Banker. The award affirms our commitment to provide inclusive financial services that transform livelihoods, give dignity and expand opportunities. We have rolled out financial solutions that have enabled our customers to self-service and access banking services 24 hours a day 7days in a week, making banking something you do rather than a place you go to."
The awarding entity, The Banker, also considered the difficult operating environment occasioned by the Covid-19 pandemic and the role banks played in delivering much-needed government funding, as well as providing specific measures themselves.
It further, partnered with Enterprise Partner Solutions and the
The commitment from
"Our strategy of delivering relevant products and services was impacted somewhat on the credit side but also stimulated on the payments side. SMEs in sectors like agriculture and pharmaceuticals have shown more resilience and we have focused on them to maximise opportunities and revitalise the economy towards recovery," said Namara.
According to The Banker, the investment which banks have been making in their digital transformation efforts have truly paid off and will continue to reap rewards in the years to come, in terms of lowering the cost to serve, improving customer experience and driving the financial inclusion agenda.
As part of an upgrade to the EazzyBanking App,
Eazzy 247 Akokanya is an instant-opening account which can be self-boarded via an app or USSD. Customers can use it to shop and pay utility bills, and the app version allows the possibility of instant loans through Eazzy Loan.
Equity Bank Rwanda on Wednesday unveiled its new brand identity as part of
The rebranded outfit will venture into other sectors beyond banking. The group is rolling out insurance services starting with brokerage and will soon commence full insurance services.
Equity hopes to use their expansive branch network and agency network to increase countrywide access of insurance services.
This new capacity Namara said has increased capacity to support clients as well as increase investments consequently driving growth.
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