Interest income lifts Equity Q1 net profit by 33.7pc

Equity Group Managing Director and CEO Dr James Mwangi at the Equity Centre in Nairobi on Monday, October 25, 2021. PHOTO | DENNIS ONSONGO | NMG

Equity Group’s net profit grew 33.7 percent in the first quarter ended March largely on the back of higher interest income.

The bank reported a net income of Sh11.5 billion in the review period, up from Sh8.6 billion a year earlier.

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