Equity Q1 profit jumps 64pc to Sh8.7bn on income growth

Equity Group chief executive officer James Mwangi. FILE PHOTO | NMG

Equity Group #ticker:EQTY net profit for the first three months to March rose 64 per cent to Sh8.7 billion driven by strong growth in both interest and non-interest income.

The bank’s earnings rose from Sh5.3 billion recorded in a similar quarter in 2020, placing it on a recovery path from last year’s fall in profits on the back of coronavirus-induced economic hardships.

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