Share

COVID-19 weighs on Equity Group’s half-year performance

Equity Group half-year net profit has dropped by 24.3 per cent to $83 million after the lender increased provisioning for loan defaults by nearly nine times amid the shocks caused by the COVID-19 pandemic.

Tue, 18 Aug 2020 14:39:23 GMT
Sign Up for Our Newsletter Daily Update
Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.