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DRC: e-Banking, easy and secure online banking with Equity Bank

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DRC: e-Banking, easy and secure online banking with Equity Bank

Equity Bank, champion of the socio-economic prosperity of Congolese, invited its customers to « move freely » through its e-Banking service. The latter makes it easy for customers to access their accounts via the Internet and to perform certain banking transactions simply and securely.

Indeed, explains the Bank to Zoom Eco, this service allows customers to learn about the account summary, the bank statement, the latest transfers, the credit in progress, transfers between accounts in CDF, USD, EUR, transfers between Equity Bank clients (CDF, ​​USD, EUR), domestic transfers (CDF, ​​USD, EUR), international transfers in USD and EUR and the opening of a term deposit.

In the batch of these innovative applications, Equity Bank Congo first cites « INBOX », as this service allowing any customer to download and save their own files on the e-Banking interface to use them at any time in case of need.

She then talks about « beneficiary management », which gives clients the opportunity to register their frequent recipients beforehand.

« E-Banking is accessible on your browser from your computer and smartphone by going to the link www.equitybank.cd. Upon subscription, the bank gives you a default username and password that you should change upon first login. The validation of your payment orders is carried out thanks to your e-Token or to your TAN « , specifies the communication service of Equity Bank.

In the era of digitization and virtualization of financial services, this pan-African bank brings, thanks to its digital service, its stone to the building to increase the rate of financial inclusion of Africans in general and Congolese in particular. Hence, the appeal to its diversified clientele that it invites to experience the sensation of freedom offered by the digital products of Equity Bank.

As a reminder, the Managing Director of Equity Bank Congo, Célestin Mukeba launched on July 22, the new campaign on Digital banking under the theme: « be free to move with his bank at any time.  »

A diverse range of digital banking is the focus of this campaign, which he says confirms his bank’s leadership in innovation. The objective is to further facilitate the settlement of financial transactions in DR Congo.

Emilie MBOYO

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Congo: UBA DRC represented by its general manager at the 5th Forum Investing in Africa

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Congo: UBA DRC represented by its general manager at the 5th Forum Investing in Africa

United Bank for Africa (UBA) DRC was represented at the fifth Forum Investing in Africa (FIA5) held from 10-12 September 2019 in Brazzaville, Republic of Congo. Its CEO, Patrick Kabisi, was the only panelist selected in the Congolese banking sector.

He intervened in the session on Human Capital Development as an analyst of the changing demographic and social environment.

Patrick Kabisi focused on areas where investment is needed, not only to close the gap in basic services, but also to help people become innovators, entrepreneurs, leaders and autonomous citizens, regardless of their income level.

These reflections also focused on opportunities for knowledge exchange and collaboration between African countries, China and the rest of the world on key institutional, regulatory and technological reforms.

Sub-Saharan Africa lags behind in most human capital indicators, and estimates show that the continent is only operating at 40% of its potential despite recent progress in health and education indicators.

At the same time, a skills gap hinders countries’ competitiveness in the global economy.

The objectives of the AIF5 were to examine how best to support economic diversification and job creation in African countries; to take stock of progress made and should chart the way forward.

Emilie MBOYO

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DRC: Moody’s reiterates its positive assessment of the BCDC

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DRC: Moody's reiterates its positive assessment of the BCDC

Despite the high country risk of DR Congo, Moody’s rating agency has just reiterated its positive assessment of the Banque commerciale du Congo (BCDC). In a publication relating to its « credit opinion » of 6 September 2019, it included in a more detailed manner the elements justifying Caa2’s ratings on long-term deposits with a stable horizon and Caa1 on long-term counterparty risk assigned to this Congolese bank.

« Banque commerciale du Congo enjoys a predominant position in the large corporate sector, a large stable deposit base and excellent liquidity, but operates in the difficult environment of the Democratic Republic of Congo, » said Yves Cuypers, BCDC’s Executive Director in a statement to Zoom Eco.

Indeed, it is not possible for a banking institution, in the international rating system, to exceed the rating assigned to the country in which it has its residence and main activity. Congo DR has recently seen its sovereign rating downgraded from B3 negative to Caa1 stable.

Logically, it follows that no Congolese bank can be assigned a higher rating than that assigned to DR Congo. What is more normal than BCDC’s Caa1 rating means that the bonds are speculative and subject to high credit risk.

However, BCDC’s efforts are acknowledged by Moody’s, which welcomes the announced acquisition of a majority stake in BCDC by the Equity Group.

« Moody’s has published an (issuer comment) considering that this potential acquisition would be mutually beneficial for both the Banque commerciale du Congo and Equity Group Holding, » insisted Yves Cuypers.

Eric TSHIKUMA

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DRC: Moody’s gives BCDC a « Caa2 » rating on long-term deposits

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DRC: Moody's gives BCDC a "Caa2" rating on long-term deposits

Moody’s, one of the world’s leading rating agencies, has assigned two ratings to the Banque commerciale du Congo (BCDC). These are Caa2 on long-term deposits with a stable horizon and Caa1 on long-term counterparty risk. According to an official statement from the bank, these two ratings correspond to a speculative environment. Below, the details:

DRC: Moody's gives BCDC a "Caa2" rating on long-term deposits

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