This followed the acquisition of majority shareholding in both banks by the Equity Group Holdings Limited, a Kenya-based financial services conglomerate with total assets in excess of US$10 billion.
[5] On 26 May 2015, Equity Group Holdings Limited (EGHL) of Kenya, a large financial services conglomerate announced that it had agreed to pay US$60 million for 79 percent shareholding in Procredit Bank.
[9] The deal was concluded following regulatory approval by Kenyan and Congolese authorities, which was obtained in September 2015.
Prior to the merger with EBC, BCDC was the second largest bank in the DRC, as measured by balance sheet and shareholders equity.
[14] As of 16 November 2020, Kenyan print media reported that Equity Bank Group had completed the acquisition of 66.53 percent shareholding in BCDC, after paying US$95 million in August 2020.
[16] As of November 2021[update], the shareholding in Equity Banque Commerciale du Congo, is as illustrated in the table below:[17] As of May 2015, PBD maintained 15 networked service branches.
[20] In December 2020, following the issuance of approval from DRC government regulators, EGHL began the process of merging EBC and BCDC to form EquityBCDC.
[22] In February 2021, the bank announced its new identity following the merger into EquityBCDC, with a balance sheet of $2.7 Billion and a financial lending ability of up to $40 million to a single customer.