Equity Group holdings Plc (EGH) has received regulatory approval to merge Equity Bank Congo (EBC) and BCDC to form a new bank. Bank branches and other outlets of both EBC and BCDC will start to change their name and brand identity to Equity BCDC. Equity BCDC will immediately have a single obligor limit of USD 40M." He added:“Equity BCDC is now the most inclusive bank in DRC and a front runner to become the largest bank in DRC. Equity BCDC has a wide talent assembly that is rich in inexperience.

Source: The Star December 31, 2020 10:41 UTC