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Ratings

Equity Bank has enjoyed strong ratings both locally and internationally. A recent survey conducted by Market Intelligence ranked Equity Bank as the third best bank in Kenya, the best bank in retail banking and the fastest growing bank. “For a new comer Equity Bank, to rank in 3rd position, is obviously unprecedented, but the Bank, having converted from a building society to a commercial bank seem posed for greater things judging by its solid capital, growing customer base and good management”. Kenya Institute of Management (KIM) rated Equity Bank as the best in Corporate Planning Management in the recently concluded Company of the Year Awards (COYA). Global Credit Rating, Planet Finance and MicroRate of South Africa have rated Equity Bank.

Banking Awards 2008(Renaissance Capital Awards 2008)
Rating	Equity Bank was voted the Best Bank in Kenya during the 2008 Renaissance Capital Awards in a survey benchmarked against a series of twelve parameters. Equity Bank moved a step up from the 2007 rating to claim first position in a survey that involved 41 commercial banks and two non-bank financial institutions. The indicators are the standard universal measures used by rating agencies to grade banks.
Interpretation	Good asset quality Capital adequacy High earnings Strong liquidity

African Bankers Awards 2008
Rating	Best Microfinance Bank in Africa. During the annual African Bankers Awards ceremony held in Washington DC, (USA) Equity was voted the best microfinance bank in Africa.
Contributing Factors	Equity was cited as a bank that had contributed most to fighting poverty in Africa. The awards recognize among other factors, achievements, record earnings, innovative practices and commitment by financial institutions to corporate social responsibility and gender equality.
Other Factors	Customer accounts, profitability, expanded network and market capitalisation

Africa Investor (Ai) Awards (2208)
Rating	Best Performing Ai 100 Company in Africa Equity Bank was recognized for its role in business and investment during the African (A.I) investor Awards held at the New York Stock Exchange in September 2008.
Contributing Factors	Strong Market capitalization, increased Value of shares traded as a proportion of market capitalization, creation of value for investors

Banking Awards 2007
Rating	Best Bank in Microfinance. Best Bank in Retail Banking. Fastest Growing Bank. 1st Runners up - Overall Best Bank. 1st Runners up - Best Bank in Product Innovation. 2nd Runners up - Best Bank in SME banking.
	Equity improved its ranking in the bank awards and moved one step closer to being the best bank in Kenya when it was voted 1st runners up Overall Best Bank. The Bank also won several other awards, among them best in microfinance, best in retail banking and the fastest growing bank. It also emerged as the 1st runners up in the category of product innovation and 2nd runners up in SME banking.

MicroCapital Award 2007
Rating	Best Microfinance Institution in Africa, 3rd Best Microfinance in Africa Leading news and research entity on microfinance, MicroCapital of the US voted Equity Bank the Best microfinance institution (MFI) in Africa and the 3rd best worldwide behind ASA bank of Bangladesh and Compatmos of Mexico respectively
Contributing Factors	Bank's return. Increased number of borrowers and size of portfolio. Growth and expense ratio.

Global Credit Rating-April 2007
Rating	Long-term: A+ (A single plus) Short-term: A1 (A one)
Interpretation	GCR upgraded Equity Bank's long term domestic Kshs currency rating to A+ (single A plus) from A, while short term rating was upgraded to A1 from A1- previously.
Contributing Factors	High Quality Management Well Capitalized Strong Liquidity

Market Intelligence Bank Survey 2006
Rating	> 3rd Best Bank Overall 2005/6 > Best Retail Bank in Kenya > Fastest Growing Bank
Interpretation	Equity maintained its ranking as the 3rd Best Bank in the country for the second year in a row 2005-6
Contributing Factors	Solid Capital Growing Customer Base Good Management

Global Credit Rating-July 2005
Rating	Short-term: A1- Long-term: A
Interpretation	In the short term: High certainty of timely repayment with liquidity factors that are strong and supported by good fundamental protection factors, while risk factors are small. Over the longer term: High credit quality with good protection factors, however risk factors are more variable and greater in periods of economic stress (relative to ratings in higher bands).
Contributing Factors	High Quality Management Well Capitalized Strong Liquidity

MicroRate Rating-July 2005
Rating	a-(alpha minus)
Interpretation	Good efficiency and effectiveness. Low risk/well managed, and minimally effected by variability during economic cycles. Good future prospects
Contributing Factors	Good governance and strategic positioning Excellent management and staff Good profitability Competitive loan and deposit products

Planet Finance of France Rating 2001
GIRAFE Rating	Assessment Score	INTERPRETATION
Governance & Decision Making	B	High Global Performer Applying Advanced Professionalism Technically Self Sufficient Low Risk Investment Investment Grade ACHIEVEMENT The best rating ever granted under the GIRAFE Methodology Worldwide for a period of two years ( 2000/2001).
Information & Management	A
Risks Analysis and Control	B
Activities & Loan Portfolio	B
Funding: Equity & Liabilities	A
Efficiency & Profitability	B
Overall rating	G4*

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