Equity Group’s profit down 14pc on Covid

Equity-centre

Equity Bank headquarters. FILE PHOTO | NMG

Equity Group #ticker:EQTY posted a 14.5 percent decline in net earnings in the nine months ended September on the back of increased provisions for coronavirus-related defaults.

The lender made a net profit of Sh14.8 billion in the review period, down from Sh17.3 billion a year earlier.

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