Equity staff training cost surges to Sh847m after fraud, ethics cases

Equity Group managing director and CEO James Mwangi.

Photo credit: File | Nation Media Group

Equity Group Holdings more than doubled its spending on staff training to Sh846.6 million last year in a bid to entrench regulatory compliance, fraud awareness, credit risk management and ethical conduct.

This represented a 167 percent increase from Sh317 million spent in 2023, according to the lender's latest sustainability report.

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