Equity recovers 90pc of Covid restructured loans

Equity-centre

Equity Centre in Upper Hill, Nairobi.

Photo credit: File | Nation Media Group

Equity Bank’s borrowers who were given loan repayment moratoriums worth Sh171 billion during the Covid-19 pandemic have fully repaid or resumed servicing 90 percent of the facilities, reflecting the continued return to health of the economy despite renewed shocks from high inflation.

The lender said last week that restructured loans worth Sh49.4 billion had been fully repaid by the end of September, while borrowers were servicing others worth Sh104.9 billion.

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