Equity eastern Africa investments pay off

Equity Bank stand during a trade fair in Kigali, Rwanda. file photo | nmg

Equity Bank Group #ticker:EQTY is benefiting from its expansion strategy in the eastern African region while its local affiliates are showing an upward growth trend, analysts say.

The banks’ subsidiaries have increased their profit before tax contribution to 19 per cent from 14 per cent even as other banks have kept off some of the markets.

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