EBK Green (IFC-41982)

  • Kenya
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Mar 28, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
The holder of the loan, grant, or other investment.
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 100.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Feb 22, 2019

Disclosed by Bank Feb 21, 2019

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Project Description

The project consists of an up to US$100 million subordinated loan to Equity Bank (Kenya) Limited (“EBK” or the “Bank”) to strengthen the Bank’s regulatory capital and support its lending program to the underserved micro, small and medium enterprises (MSMEs) segment in Kenya. The project also aims at supporting the Bank’s growing sustainable energy finance operations.

Investment Description
  • International Finance Corporation (IFC)
Private Actors
  • EQUITY BANK KENYA LIMITED (Financial Intermediary)

EBK is the second-largest bank in Kenya, with total assets of US$4.2bn as of September 30, 2018. The Bank was established in 1984 as a mortgage provider for low-income individuals in Kenya, named Equity Building Society, and was converted into a full-service commercial bank in 2005. The Bank has a substantial nationwide presence in Kenya through its network of 177 branches, 502 ATMs, and 31,280 banking agents, serving over 10 million customers as of December 2017.

EBK’s is the Kenyan banking subsidiary of Equity Group Holdings Plc (“Equity Group”), a leading banking group in East Africa present in Kenya, Uganda, South Sudan, Rwanda, Tanzania and Democratic Republic of Congo. Equity Group is listed on the Nairobi Securities Exchange, Uganda Securities Exchange and Rwanda Securities Exchange.

Contact Information

Equity Bank (Kenya) Limited 
Brent Malahay 
Group Director – Strategy, Strategic Partnerships & Investor Relations 
+254 763 027 010 
P.O. Box 75104-00200 NairobiKenya 


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