Equity Bank Kenya staff numbers fall for first time in four years

Equity Bank CEO James Mwangi.

Photo credit: File | Nation Media Group

The staff count at Equity Bank Kenya has dropped for the first time in at least four years, with the lender recording a net exit of 415 employees in the year ended December 2023 when new hires were surpassed by those who quit.

This left the bank, the largest subsidiary of Equity Group, with 7,763 employees at the end of the review period from 8,178 the year before.

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Note: The results are not exact but very close to the actual.