By Edwin Okoth
Equity Bank has announced a 12pc growth in net earnings to Sh8.5bn in the half year ending June 2015.
The bank said the results were due to growth in interest income, growth in subsidiaries and improvement in quality of lending.
The bank said it expects substantial growth after significant investment in infrastructure and entry of its telco subsidiary Equitel.
The bank chief executive James Mwangi said they had 89 per cent surge in costs after venturing in transforming delivery channels and restructuring.
"These are all one offs and we will be the most profitable bank soon," said the CEO.
More to follow
