Equity Bank posts double-digit profit growth of Sh22.6bn

Equity Group's #ticker:EQTY net profit for the year ended December 2019 grew 13.8 percent to Sh22.6 billion, driven by increased interest and non-interest income.

The rise in profits, from Sh19.8 billion in 2018, came on the back of a 23 percent growth in its loan book to Sh366.4 billion.

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