Equity leaps ahead of KCB with Sh5.9bn quarter profit

An Equity Bank stand at an international trade fair in Rwanda. file photo | nmg

Equity Bank Group #ticker:EQTY has announced a 21.7 per cent rise in net profit to Sh5.9 billion for the three months ended March, surpassing the industry leader KCB #ticker:KCB.

The lender attributed its performance to lower provisions for bad debts, a drop in employees costs and increased earnings from loans.

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