“We are very excited at the performance of the banking sector which now features three listed securities following the entry of Equity Group Holdings,” Rwabukumba said.
The RSE, which is East Africa’s youngest bourse, features a list of six actively traded equity securities and four bond listings.
The move comes as the company ratified a proposal to establish Equity Group Holdings Limited (EGHL) late last year to act as the Group Holding Company.
READ: Equity Bank restructuring to form new holding company
The new holding company (EGHL) now owns both the Equity banking and non-banking subsidiaries and will provide strategic, brand, risk and talent management, governance and leadership solutions to its subsidiaries.
The group saw its profit after tax for the third quarter of 2014 grow by 26 percent to Sh11.2 billion up from Sh8.9 billion in the same period 2013.
As at 30th September 2014, the regional subsidiaries in Rwanda, Uganda, Tanzania and South Sudan, had a collective base of 1,180,110 customers, Sh50.95 billion in customer deposits and total assets of Sh67.5 billion.
This comes at a time when the bank is seeking to launch its thin SIM technology through its Mobile Virtual Network subsidiary Finserve Africa Limited.
At the moment that bank has distributed at least 200,000 normal SIM cards for customers with dual SIM handsets as well as selling phones to those without.
The company expects to receive about five million thin SIMs before the official launch of the thin SIM technology.
