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Browsing: Equity perfomance
- Equity Group has reported a 36% growth in its after-tax profit to hit KSh 24.4 billion, principally driven by the growth of loans to customers
- The Kenyan-based regional lender also attributed the performance to its recovery and resilience strategy
- Equity Group CEO James Mwangi said the loan growth was targeted to supporting their clients to recover and rebuild after the Covid-19 business disruptions
Equity Group has reported a 36 per cent growth in its after-tax profit to hit KSh 24.4 billion.
The performance was principally driven by a 29 per cent growth in interest income to KSh 55 billion, up from KSh 42.8 billion as a result of the growth of loans to customers by 29 per cent to KSh 650.6 billion, up from KSh 504.8 billion.
The Kenyan-based regional lender also attributed the performance to its recovery and resilience strategy.
Equity Group CEO James Mwangi said the loan growth …