Equity Group’s profit jumps 12pc on subsidiaries growth

Equity Group CEO James Mwangi during the Q1 2024 investor briefing in Nairobi on May 13, 2024.

Photo credit: Lucy Wanjiru | Nation Media Group

Equity Group net profit for the half year ended June 2024 grew 12.1 percent to Sh28.54 billion on increased interest and non-interest income, boosted by growth in regional businesses.   

Net interest income grew by 17.2 percent to Sh54.4 billion while non-interest income rose by a similar margin to Sh42.78 billion.

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