Equity Bank South Sudan Limited (EBSSL) is a
commercial bank
A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit.
It can also refer to a bank, or a division of a large bank, which deals with cor ...
in
South Sudan
South Sudan (; din, Paguot Thudän), officially the Republic of South Sudan ( din, Paankɔc Cuëny Thudän), is a landlocked country in East Africa. It is bordered by Ethiopia, Sudan, Central African Republic, Democratic Republic of the C ...
. 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 Bank of South Sudan is the central bank of the Republic of South Sudan. Established in July 2011, by an Act of Parliament (The Bank of South Sudan Act, 2011), it replaced the now defunct Bank of Southern Sudan, a former branch of the Bank of ...
, the
central bank
A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union,
and oversees their commercial banking system. In contrast to a commercial bank, a central ba ...
and national banking regulator.
Overview
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). 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.
The bank rebranded in 2020 inline with the parent company Equity Group Holdings.
Equity Group Holdings Limited
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).
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.
Equity Bank South Sudan is a subsidiary of
Equity Group Holdings Limited
Equity Group Holdings Limited (EGHL), formerly Equity Bank Group, is a financial services holding company based in the African Great Lakes region. EGHL's headquarters are in Nairobi, Kenya, with subsidiaries in Kenya, Uganda, Tanzania, South Sud ...
(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). EGHL has a customer base in excess of 14 million in the six
East Africa
East Africa, Eastern Africa, or East of Africa, is the eastern subregion of the African continent. In the United Nations Statistics Division scheme of geographic regions, 10-11-(16*) territories make up Eastern Africa:
Due to the historical ...
n countries that it serves, making it the largest commercial bank on the African continent, by customer numbers. The stock of the Equity Group Holdings Limited is listed on the
Nairobi Stock Exchange
The Nairobi Securities Exchange (NSE) was established in 1954 as the Nairobi Stock Exchange, based in Nairobi the capital of Kenya. It was a voluntary association of stockbrokers in the European community registered under the Societies Act in ...
, where it trades under the symbol EQTY. It is also cross-listed on the
Uganda Securities Exchange
The Uganda Securities Exchange (USE) is the principal stock exchange of Uganda. It was founded in June 1997. The USE is operated under the jurisdiction of Uganda's Capital Markets Authority, which in turn reports to the Bank of Uganda, Uganda's ...
under the symbol: EBL.
Ownership
Equity Bank South Sudan Limited is a 100% subsidiary of
Equity Group Holdings Limited
Equity Group Holdings Limited (EGHL), formerly Equity Bank Group, is a financial services holding company based in the African Great Lakes region. EGHL's headquarters are in Nairobi, Kenya, with subsidiaries in Kenya, Uganda, Tanzania, South Sud ...
, a diversified financial services
conglomerate
Conglomerate or conglomeration may refer to:
* Conglomerate (company)
* Conglomerate (geology)
* Conglomerate (mathematics)
In popular culture:
* The Conglomerate (American group), a production crew and musical group founded by Busta Rhymes
** Co ...
, with subsidiaries in
Kenya,
Uganda,
Tanzania,
Rwanda
Rwanda (; rw, u Rwanda ), officially the Republic of Rwanda, is a landlocked country in the Great Rift Valley of Central Africa, where the African Great Lakes region and Southeast Africa converge. Located a few degrees south of the Equator ...
,
DRC
The Democratic Republic of the Congo (french: République démocratique du Congo (RDC), colloquially "La RDC" ), informally Congo-Kinshasa, DR Congo, the DRC, the DROC, or the Congo, and formerly and also colloquially Zaire, is a country in ...
,
South Sudan
South Sudan (; din, Paguot Thudän), officially the Republic of South Sudan ( din, Paankɔc Cuëny Thudän), is a landlocked country in East Africa. It is bordered by Ethiopia, Sudan, Central African Republic, Democratic Republic of the C ...
and a representative office in Ethiopia. The shares of
stock
In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company ...
of the Group are traded on the
Nairobi Stock Exchange
The Nairobi Securities Exchange (NSE) was established in 1954 as the Nairobi Stock Exchange, based in Nairobi the capital of Kenya. It was a voluntary association of stockbrokers in the European community registered under the Societies Act in ...
and on the
Uganda Securities Exchange
The Uganda Securities Exchange (USE) is the principal stock exchange of Uganda. It was founded in June 1997. The USE is operated under the jurisdiction of Uganda's Capital Markets Authority, which in turn reports to the Bank of Uganda, Uganda's ...
.
Branch network
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:
# Juba Branch - Ground Floor, Equity Plaza
Juba (Main Branch)
# Bilpham Branch - SPLA Headquarters,
Juba
# Hai Malakal Branch - Juba-Malakal Road,
Malakal
# Yei Branch - Equity Building,
Yei
# Yambio Branch - Equity Building,
Yambio
Yambio is a City in South Sudan.
Location
The City is located in Yambio County, Western Equatoria State, in southwestern South Sudan, close to the border with the Democratic Republic of Congo. Its location lies approximately , by road, west of ...
.
# Torit Branch -
Torit
# Nimule Branch -
Nimule
# SSBL Branch -
Juba
# Kajo Keji Branch -
Kajo Keji
See also
*
Economy of South Sudan
South Sudan became the world's newest country and Africa's 55th nation on 9th July , 2011. The conflict, which started in December 2013, undermined economic development achieved since independence, making humanitarian work difficult to conduct wit ...
*
Banking in South Sudan Established by the Bank of South Sudan Act of 2011, the Central Bank of South Sudan is statutorily mandated to regulate the operations of all financial institutions in the country, including commercial banks. The Central Bank fulfills this mandate b ...
*
List of banks in South Sudan
This is a list of commercial banks in South Sudan.
: African National Bank
: Afriland First Bank South Sudan
: Agricultural Bank of South Sudan
: Buffalo Commercial Bank
: Charter One Bank South Sudan
: Commercial Bank of Ethiopia (South Sudan)
: ...
References
External links
Website of Bank of South SudanWebsite of Equity Bank South Sudan LimitedWebsite of Equity Group Holdings Limited
{{Equity Group Holdings Limited, state=expanded
Banks of South Sudan
Banks established in 2008
Companies based in Juba