Moses Okoth Nyabanda has been named the acting Managing Director of Equity Bank Kenya, pending approval from the Central Bank of Kenya. He replaces Gerald Warui, who is retiring.
Nyabanda, previously the Group’s Chief Finance and Strategy Execution Officer, brings extensive financial expertise to the role. His career includes a leadership position at PwC Rwanda.
Equity Group has reported a 12% increase in profit after tax to Sh29.6 billion for the first half of 2024. This growth was driven by a 22% increase in interest income and improved performance from regional subsidiaries.
The bank has expanded its branch network and workforce to support growth and enhance service delivery.
Nyabanda’s appointment comes as Equity Bank focuses on sustainable growth, customer value, and employee engagement.
Warui was appointed Equity Bank Kenya MD in 2019 after the exit of Polycarp Igathe.
A seasoned banker with over 30 years of experience, Warui possesses an Executive Master of Business Administration from Jomo Kenyatta University of Agriculture and Technology (JKUAT).
He is a Certified Public Accountant (CPA-K), and a graduate of the Advanced Management Program at IESE Business School in Barcelona, Spain.
