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Equity Bank net profit up 18pc to Sh15.1b on high returns from govt securities
An Equity Bank branch in Nairobi. The lender has posted an 18 per cent increase in net profit to Sh15.1 billion for the nine months to September. PHOTO | FILE
Equity Bank has posted an 18 per cent increase in net profit to Sh15.1 billion for the nine months to September, riding on higher returns from government securities.
The bank’s investment in government securities increased by 156 per cent to Sh82.4 billion, in turn pushing up interest income by 26 per cent to Sh39.8 billion.
