September 18, 2014 9:47 AM ET

Banks

Company Overview of Equatorial Commercial Bank Limited.

Company Overview

Equatorial Commercial Bank Limited., a commercial bank, provides business and personal banking products and services to corporations, high-net worth individuals, embassies, and NGOs in Kenya. The company’s products include savings, current, and deposit/fixed call accounts. Its lending portfolio comprises car, personal, house, hire purchase, syndicated, and foreign currency loans, as well as insurance premium financing and leasing services. The company also offers transaction settlement, income collection, activity reporting, corporate action, proxy voting, night safe, trustee, and Internet banking services; kids’ savings account services; and safe custody/deposit lockers. It also serves reti...

Nyerere Road

Nairobi,  00200

Kenya

Founded in 1983

Phone:

254 20 27104556

Fax:

254 20 2710700

Key Executives for Equatorial Commercial Bank Limited.

Managing Director and Director
General Manager
Compensation as of Fiscal Year 2014.

Equatorial Commercial Bank Limited. Key Developments

ECB In Talks With PIFs To Sell Stake

Equatorial Commercial Bank Limited (ECB) is in talks with private equity firms (PIFs) aimed at selling a KES 1.3 billion stake. ECB said that the move was aimed at cutting the ownership of its majority stake to below 25% stake. ECB expected to conclude the deal by the end of September 2013. Robert Shibutse, Executive Director of ECB, said that ECB is engaging other parties to try and get growth capital because the rights issue was for compliance capital. “We want to ensure our core capital is not less than KES2 billion," he added.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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