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Equity half-year earnings increase to Sh26 billion

DNEquityBank1508

Equity Group Managing Director and CEO James Mwangi (center), Group Executive Director Mary Wamae (right) and Chief Operating Officer Samuel Kirubi during the release of 2023 half-year financial results at their headquarters in Nairobi on August 15, 2023. PHOTO | LUCY WANJIRU | NMG

By  Patrick Alushula

Business Reporter

Nation Media Group

Equity Group's net profit for the half year ended June grew 7.8 percent to Sh26.3 billion on increased interest and non-interest income.

Net interest income grew by 16.6 percent to Sh46.4 billion on increased lending while non-interest income rose by 42.9 percent to Sh36.5 billion.

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