James Mwangi, the Group Managing Director and Chief Executive Officer
Equity Bank has once again stood out as one of the strongest lenders in the region after scooping top honours at this year’s Think Business Banking Awards in Kenya.
The Nairobi-based bank was named Overall Best Bank, beating competitors in an event that brought together industry leaders, regulators and analysts to review performance in the sector. This year’s awards focused on banks that are stable, well-managed and able to grow while still offering fair services to customers.
James Mwangi, the Group Managing Director and Chief Executive Officer, was recognised as CEO of the Year. Judges credited him for driving financial inclusion, expanding digital banking services and leading the bank’s growth across the region.
Equity’s strong performance was seen in the number of awards it collected. The bank won 10 categories and finished second in two others, showing its strength in both retail and corporate banking.
Speaking after receiving the award, Dr Mwangi said the recognition reflects the bank’s long-term focus on building a resilient institution that serves more people. He added that the bank will continue to invest in technology, increase access to credit and ensure customers get efficient services.
The bank also stood out in agriculture and asset financing, areas that are important for economic growth. In recent years, Equity has increased lending to farmers, small businesses and agribusinesses, sectors that often struggle to access financing.
Its performance in microfinance further showed its commitment to supporting small businesses and low-income earners. This approach has helped the bank grow while also making a difference in communities.
Beyond banking, Equity was recognised for its work in corporate social responsibility through the Equity Group Foundation. The foundation supports programmes in education, health and entrepreneurship across the region.
Although the bank dominated many categories, it came second in trade finance and Tier One banking, showing that it is also becoming more competitive in larger corporate and cross-border services.
Chief judge Priscillah Mogaka said the awards were based on a detailed review of 160 entries. Banks were assessed on financial performance, governance, innovation and how well they serve customers.
She noted that the banking sector is changing fast, with institutions investing more in digital systems and improving how they manage risks and serve clients.
Analysts say Equity’s performance comes at a time when banks in the region are under pressure to grow while remaining stable. With operations in several African countries and a growing digital platform, the bank is positioning itself as a major player in the future of banking.
However, as competition increases, Equity will need to maintain this momentum while adjusting to changing regulations and customer needs.
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