Equity processing 74 pc of loans via Equitel mobile platform

Equity Bank processed 74 per cent of the loans disbursed this year through its mobile phone platform Equitel, the lender’s management said Monday.

The bank said 1.2 million loans worth Sh5.4 billion have been processed through Equitel in the 10 months to October compared to 438,000 loans — of higher individual values though— issued through credit officers in branches.