Equity Investment Bank To Introduce Instant Payments On Share Trading

(Last Updated On: June 18, 2015)

JM

Normal in the Kenyan stock market, whenever you sell your shares and you want to get your money, you will be paid around 3 days after the transactions go through. Some clients do get preferential treatment since the stock brokerage firm knows how much money they have they can be able to shorten the time.

Equity Bank’s subsidiary Equity Investment Bank is set to introduce a new service that will shorten payment times to be instant payment. This means you will be able to access your money as soon as you sell your stocks. According to James Mwangi you will be able to access your cash within the hour or day.

Equity Bank will also be able to use your shares as a loan collateral easily. Stocks and bonds are very liquid hence it will be much better than other forms of security.