Contents - Equity Bank Group

Statement of Directors ResponsibilitiesFor the year ended 31st December 2007The Kenyan Companies Act requires the directors to prepare financial statements for each financial year which give a true and fair view of thestate of affairs of the Bank as at the end of the financial year and of its operating results for that year. It also requires the directors to ensure theBank keeps proper accounting records which disclose, with reasonable accuracy, the financial position of the Bank. They are also responsiblefor designing, implementing and maintaining internal controls relevant to the preparation and fair presentation of financial statements that arefree of material misstatements, whether due to fraud or error, selecting and applying appropriate accounting policies; and making accountingestimates that are reasonable in the circumstances. The directors are also responsible for safeguarding the assets of the Bank.The directors accept responsibility for the annual financial statements, which have been prepared using appropriate accounting policiessupported by reasonable and prudent judgements and estimates, in conformity with International Financial Reporting Standards and in themanner required by the Kenyan Companies Act. The directors are of the opinion that the financial statements give a true and fair view of the stateof the financial affairs of the Bank and of its operating results.The directors further accept responsibility for the maintenance of accounting records which may be relied upon in the preparation of financialstatements, as well as adequate systems of internal control.Nothing has come to the attention of the directors to indicate that the Bank will not remain a going concern for at least the next twelve monthsfrom the date of this statement.DirectorDirectorSecretary6th March 2008302007 Annual Report and Financial Statements