The Equity Bank, Britak and Housing Finance tie up

As i had speculated 2 days ago, it seems that Equity Bank, Britak and Housing Finance have come to an agreement which will see Equity Bank and Britak take up CDC’s 24.9% stake in  Housing Finance. That plus an additional number of shares in the forth coming right issue, which might includes rights for NSSF and the Treasury. A well thought out deal indeed which would help Housing Finance move into the low and medium income morgage market and accord Equity Bank a way into Kenya’s morgage industry.

Seems Barclays, KCB and all the other large banks have to work really hard to prove they are worth our money…

As for the political class who proceeded to try trash the Equity bank’s CEO’s name in Parliament its a shame that they have to hide behind the guise of helping thier people to trash his name. Elections are not far away and as Kenyans we shall vote them out

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2 thoughts on “The Equity Bank, Britak and Housing Finance tie up

  1. Imagine a situation where you walk into your bank for a loan & have access to both insurance, investment and mortgage! You are right Barclays, KCB and who not have to really explain themselves to get our attention. If I was doing my Masters I would do a thesis regarding how Barclays misjudged the Kenyan Market!

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