Equity Group Holdings has received regulatory approval to merge Equity Bank Congo (EBC) and Banque Commercial du Congo (BCDC) to form DR Congo’s second largest lender by assets.

The new bank, to be known as Equity Banque Commercial du Congo (Equity BCDC), holds more than $2.5 billion worth of assets, 74 branches and has a customer base of nearly one million.

For more information, please see https://www.theeastafrican.co.ke/tea/business/equity-gets-approval-to-merge-drc-subsidiaries-into-new-bank-branches-3247368