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Equity Bank South Sudan Limited

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Equity Bank South Sudan Limited
Company typePrivate
IndustryBanking and finance
Founded2008
Headquarters
Juba
,
South Sudan
Number of locations
5 branches, 34 agents, 15 merchants, 17 ATMs (2020)
Area served
South Sudan
Key people
Addis Ababa Othow
Managing director
ProductsLoans, checking, savings, investments
RevenueUS $ 21.9M (2020)
Total assetsUS $ 89.1M (2020)
OwnerEquity Group Holdings Limited
Websiteequitygroupholdings.com/ss

Equity Bank South Sudan Limited (EBSSL) is a commercial bank in South Sudan. The bank provides banking services to individuals and to small and medium business enterprises. It is one of the commercial banks licensed to operate in the country by the Bank of South Sudan, the central bank and national banking regulator.[1]

Overview

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In 2020, the bank had an asset value worth $89.24 million (SSP11.62 billion) and generated revenue worth $21.85 million (SSP 2.85 billion).[2] Equity Bank South Sudan received the Bank of the Year South Sudan 2020 award by The Banker, during the Bank of the Year Awards 2020. As of August 2021, Equity Bank South Sudan had assets valued at US$107.32 million and recorded deposits worth US$70.03 million.[3]

The bank rebranded in 2020 inline with the parent company Equity Group Holdings.[4]

Equity Group Holdings Limited

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In 2020, the bank had an asset value worth $89.24 million (SSP11.62 billion) and generated revenue worth $21.85 million (SSP 2.85 billion).[5] Equity Bank South Sudan received the Bank of the Year South Sudan 2020 award by The Banker, during the Bank of the Year Awards 2020.[6] As of August 2021, Equity Bank South Sudan had assets valued at US$107.32 million and recorded deposits worth US$70.03 million.[7]

Equity Bank South Sudan is a subsidiary of Equity Group Holdings Limited (EGHL), a large financial services conglomerate, with an asset base estimated at over US$10.2 billion (KES:1.12 trillion), and customer deposits worth US$7.46 billion (KES:840.3 billion).[8] EGHL has a customer base in excess of 14 million in the six East African countries that it serves, making it the largest commercial bank on the African continent, by customer numbers.[9] The stock of the Equity Group Holdings Limited is listed on the Nairobi Stock Exchange, where it trades under the symbol EQTY. It is also cross-listed on the Uganda Securities Exchange under the symbol: EBL.[10]

Ownership

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Equity Bank South Sudan Limited is a 100% subsidiary of Equity Group Holdings Limited, a diversified financial services conglomerate, with subsidiaries in Kenya, Uganda, Tanzania, Rwanda, DRC, South Sudan and a representative office in Ethiopia. The shares of stock of the Group are traded on the Nairobi Stock Exchange and on the Uganda Securities Exchange.[11]

Branch network

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Equity Bank South Sudan Limited has its headquarters in South Sudan's capital city, Juba. The bank maintains branches in many of the country's major urban centers, including the following:[12]

  1. Juba Branch - Ground Floor, Equity Plaza Juba (Main Branch)
  2. Bilpham Branch - SPLA Headquarters, Juba
  3. Hai Malakal Branch - Juba-Malakal Road, Malakal
  4. Yei Branch - Equity Building, Yei
  5. Yambio Branch - Equity Building, Yambio.
  6. Torit Branch - Torit
  7. Nimule Branch - Nimule
  8. SSBL Branch - Juba
  9. Kajo Keji Branch - Kajo Keji[13]

See also

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References

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  1. ^ "Gurtong Trust: Licensed Commercial Banks In South Sudan". gurtong.net. Retrieved 3 December 2014.
  2. ^ "Newsroom - Equity Bank South Sudan". equitygroupholdings.com. Retrieved 3 September 2021.
  3. ^ "Investor Relations | Equity Group Holdings". Retrieved 3 September 2021.
  4. ^ "Bank of the Year Awards 2020 – Africa". www.thebanker.com. Retrieved 8 September 2021.
  5. ^ "Investor Relations | Equity Group Holdings". Retrieved 8 September 2021.
  6. ^ "Newsroom - Equity Bank South Sudan". equitygroupholdings.com. Retrieved 8 September 2021.
  7. ^ "Investor Relations | Equity Group Holdings". Retrieved 8 September 2021.
  8. ^ "Equity Bank Group Financial Statement As At 30th September 2014". Equity Group Holdings Limited. October 2014. Retrieved 3 December 2014.
  9. ^ Flood, Zoe (3 July 2014). "Kenya's Mobile Innovation Brings Digital Money Closer". BBC News. Retrieved 3 December 2014.
  10. ^ Gachiri, John (1 January 2013). "Kenyan Blue Chips Lift Uganda Stock Market Valuation". The EastAfrican. Nairobi. Retrieved 3 December 2014.
  11. ^ Wahito, Margaret (31 October 2014). "Equity Bank Restructuring To Form New Holding Company". Nairobi: 98.4 Capital FM. Retrieved 3 December 2014.
  12. ^ "Equity Bank South Sudan Limited: Branches". Equity Bank South Sudan Limited. 2011. Retrieved 3 December 2014.
  13. ^ "Equity Bank South Sudan Opens 8th Branch". Equity Bank South Sudan Limited. 9 October 2012. Retrieved 3 December 2014.
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