Equity boss drops quit plans as profits up 12pc

Equity Bank chief executive James Mwangi. PHOTO | SALTON NJAU | NMG

Equity Bank #ticker:EQTY chief executive James Mwangi on Tuesday made a retreat over his retirement plan on a day when the lender announced a 12 percent growth in net profit for the nine months to September.

Mr Mwangi, who has served the bank for 29 years, told a media briefing that he wanted to cement Equity’s expansion in Africa over the next two decades before calling it quits.

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