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    Wireless Earbuds to set the Tech-Trend in 2021

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    Former MP and Husband involved in Ksh49m graft case

    Reprieve for counties as treasury release Ksh. 25billion

    Reprieve for counties as treasury release Ksh. 25billion

    Faulu bank partners with 20 counties to support learning in schools

    Faulu bank partners with 20 counties to support learning in schools

    KenGen Plans Direct Selling Of Electricity

    COVID-19: KenGen’s 5-point return-to-work strategy

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    Wireless Earbuds to set the Tech-Trend in 2021

    Wireless Earbuds to set the Tech-Trend in 2021

    Kenya Airways Suspends flights to France

    Kenya Airways Suspends flights to France

    Nokia launches low cost smartphones for the Kenyan market

    Nokia launches low cost smartphones for the Kenyan market

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    Exclusive: What it Takes to Lead a Multi billion Sacco in Kenya

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    Kenyan PR agency bags international award

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    Tatu City Partners with Konza to Attract Investors to Kenya

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Kenyan Business Feed
  • Home
  • News
    3000 locals to benefit from new water project

    3000 locals to benefit from new water project

    Wireless Earbuds to set the Tech-Trend in 2021

    Wireless Earbuds to set the Tech-Trend in 2021

    Coronavirus: NYS Plans To Make Sh3 Million Per Day From Pandemic

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    Kenya Airways Suspends flights to France

    Kenya Airways Suspends flights to France

    Tea Farmers to Receive Sh28B Bonus Payment

    New law: Tea traders move to court

    Former MP and Husband involved in Ksh49m graft case

    Former MP and Husband involved in Ksh49m graft case

    Reprieve for counties as treasury release Ksh. 25billion

    Reprieve for counties as treasury release Ksh. 25billion

    Faulu bank partners with 20 counties to support learning in schools

    Faulu bank partners with 20 counties to support learning in schools

    KenGen Plans Direct Selling Of Electricity

    COVID-19: KenGen’s 5-point return-to-work strategy

  • Markets
    Wireless Earbuds to set the Tech-Trend in 2021

    Wireless Earbuds to set the Tech-Trend in 2021

    Kenya Airways Suspends flights to France

    Kenya Airways Suspends flights to France

    Nokia launches low cost smartphones for the Kenyan market

    Nokia launches low cost smartphones for the Kenyan market

    Exclusive: What it Takes to Lead a Multi billion Sacco in Kenya

    Exclusive: What it Takes to Lead a Multi billion Sacco in Kenya

    Kenyan PR agency bags international award

    Kenyan PR agency bags international award

    Startimes land broadcast rights for Continental showpiece

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    Israel set to showcase agricultural innovations in Embu

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    Emirates among first airlines to try IATAs’ digital platform for COVID-19

    Emirates among first airlines to try IATAs’ digital platform for COVID-19

    Moet & Chandon ink partnership with premier restaurant Oysters & More

    Moet & Chandon ink partnership with premier restaurant Oysters & More

  • Real Estate
    Tatu City partners with Konza to attract investors to Kenya

    Tatu City partners with Konza to attract investors to Kenya

    Tatu City Partners with Konza to Attract Investors to Kenya

    Tatu City Partners with Konza to Attract Investors to Kenya

    National Bank and Octagon ink 100 billion service partnership

    National Bank and Octagon ink 100 billion service partnership

    Real Estate: Cytonn invites bids for this 4 acre piece of prime land in Kilimani

    Mizizi Africa Homes voted best low cost housing developer 2020

    Mizizi Africa Homes voted best low cost housing developer 2020

    Cytonn Hands Over Phase III of Comprehensive-Lifestyle Project, The Alma

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    32% of Kenyans to change houses over Covid-19

    32% of Kenyans to change houses over Covid-19

    Kenyan Firm awarded Most Innovative Community Developer 

    Cytonn Real Estate completes The Alma Phase 3; 120 units set for handover

    Serviced Apartments Record Decline in Rental Yields

    Serviced Apartments Record Decline in Rental Yields

  • Tech
    Wireless Earbuds to set the Tech-Trend in 2021

    Wireless Earbuds to set the Tech-Trend in 2021

    Nokia launches low cost smartphones for the Kenyan market

    Nokia launches low cost smartphones for the Kenyan market

    LG unveils premium monitors

    LG unveils premium monitors

    Pesalink appoints Gituku Kirika as CEO

    Pesalink appoints Gituku Kirika as CEO

    Samsung Galaxy S21 is now out,pre orders open in Kenya

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    realme C12 and 7i now Available In Kenya

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    Celebrated US broadcaster Larry King has died at the age of 87

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    Guinness forced to recall contaminated brand

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  • KBF
    • All
    • Agribusiness
    • Banking
    • Insurance
    • Manufacturing
    • Opinion
    Wireless Earbuds to set the Tech-Trend in 2021

    Wireless Earbuds to set the Tech-Trend in 2021

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    Kenya Airways Suspends flights to France

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    Reprieve for counties as treasury release Ksh. 25billion

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    Faulu bank partners with 20 counties to support learning in schools

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    Gov’t now wants youths stop depending on employment and use their talents

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    Exclusive: What it Takes to Lead a Multi billion Sacco in Kenya

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      Employment Exit Strategy: The smart way to leave job for entrepreneurship.

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Home KBF Banking

Equity Restructures Ksh92 Billion Loans To cushion Customers Against COVID-19

by Neymar
May 22, 2020
in Banking, Insurance, KBF, Markets, News
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Equity Bank has restructured loans of up to Ksh92 billion with the aim of easing customer’s burden on their businesses caused by the novel Coronavirus pandemic.

The lender said that it had initiated a personalized approach in restructuring customer loans to help them navigate through the COVID-19 pandemic that has evolved to a socio-economic crisis.

Clients who can demonstrate the impact of Covid-19 on their businesses and soundness of their business model in the new normal will get reprieve of loan rescheduling and refinancing with up to an additional three years of repayment. “We have been on a journey with our customers and wish to go far by walking together with them.  We believe that by supporting our existing clients, we shall help them keep their supply chains open and functional while maintaining their employees on their jobs,” said Dr. Mwangi, the Group managing Director & CEO and clarified that the approach has also taken into consideration regulatory and reporting requirements.

The relief will include principal and interest repayment breaks or reduction of repayment instalments intended to ensure that clients focus on cash preservation to ensure survival of their businesses and enterprises.  “We know this crisis is not going away anytime soon since the health crisis has not been resolved. Our customers have been loyal and faithful, and we owe them who we are today. Our focus has changed from financial performance and profitability to survival, sustainability and recoveries of our customers who are the reason we exist,” added Dr. Mwangi.

The lender has also offered to work with its customers to expand their opportunities in the health sector by financing them to manufacture health requirements such as face masks and Personal Protective Equipment (PPEs) locally while helping create regional supply Chains. The Bank will support food and agriculture to enhance production, processing, distribution and export as well as support innovation in ICT and other initiatives to digitize the economy. 

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“Equity Group will play to its capital strength, balance sheet agility and liquidity to support a long-term view and walk with our customers throughout the crisis.  We want to give every client a chance to turn the crisis into an opportunity to thrive.” said Dr Mwangi.

He also appealed to customers to exercise caution in their decisions in order to preserve their business capital during this period of uncertainty, saying that businesses will have to take hard but critical decisions in order to sail through the crisis. In addition, he challenged the entrepreneurs to be innovative in looking for the opportunities that the crisis presents to re-imagine their business models and operating strategies especially adoption of digital technologies.


Kenyan Business Feed is the top Kenyan Business Blog. We share news from Kenya and across the region. To contact us with any alert, please email us to [email protected]

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