Equity, Co-op CEOs earn millions from bank profits

EQUITY BANK CEO JAMES MWANGI. FILE PHOTO | DIANA NGILA | NMG

The chief executives of Equity Bank Group #ticker:EQTY and Cooperative Bank of Kenya #ticker:COOP (Co-op Bank) are set to earn tens of millions from dividend payouts in a year that saw lenders struggle to grow earnings due the capping of interest rate.

Equity Bank CEO James Mwangi is set to pocket at least Sh255.6 million while Gideon Muriuki of Cooperative Bank will take home Sh88.2 million.

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