Equity Group’s #ticker:EQTY new banking subsidiary in the Democratic Republic Congo (DRC) derives most of its revenue from commissions rather than lending, according to an audit report seen by Business Daily.
Banque Commerciale Du Congo (BCDC) made the equivalent of Sh5.6 billion in the form of commissions on transactions including foreign exchange trades in the year ended December 2019, the report by PricewaterhouseCoopers shows.
