Equity Group borrowings fell to Sh25.4 billion in three months to the end of March 2024 as the lender opted for the early repayment of part of its borrowed funds to manage interest costs.
New disclosures by the bank show that total borrowings in March were down to Sh125.1 billion from Sh150.5 billion in December. The bank’s short-term borrowings fell from Sh23.6 billion to Sh15.5 billion over the three months while long-term borrowings dropped to Sh109.6 billion from Sh126.9 billion previously.
