Equity posts 3pc drop in net profit

Equity Bank chief executive James Mwangi. File photo | nmg

Equity Bank #ticker:EQTY is looking to transactions income and regional subsidiaries to grow its earnings as the cap on cost of loans and a charged political environment cut its interest income and shaved its profit for the nine months to September.

The largest bank by customer base Monday reported a three per cent drop to Sh14.6 billion in third quarter after tax profit as its interest income fell 11 per cent to Sh35.4 billion.

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