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Equity Group Profit At Ksh 11.4Bn Surges 33.7% In March Quarter

Equity reported on Thursday a 33.7% growth in profit at Ksh.11.4 billion from Ksh.8.6 billion, driven by growth in core operating income.

Dr. James Mwangi Group Managing Director & CEO Equity Group Holdings Plc

Equity Group Holdings reported on Thursday a 33.7 per cent growth in profit at Ksh.11.4 billion from Ksh.8.6 billion, driven by strong growth in core operating income.

The lender’s net interest income grew by 31.1 per cent to Ksh.19.4 billion from Ksh.14.8 billion. Its non-interest funded income (NFI) grew by 9.2 per cent from Ksh.10.9 billion to Ksh.11.9 billion.

Equity Group Profit At Ksh 11.4Bn Surges 33.7% In March Quarter

“The uncertainty has now dialled down and we are nearing pre-pandemic levels of operations. The region now has a stable operating environment,” Equity Group Managing Director James Mwangi said Thursday.

“We are inspired by estimates and projections, especially for Kenya where we have not seen a 7.5 per cent GDP print in so long.”

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Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.

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