Equity Bank Group Q3 profit up 5% despite slower growth in Kenya

Equity Bank Group has recorded a five per cent growth in net earnings for nine months of the year to Sh36.2 billion largely on stable earnings in subsidiaries outside Kenya. This is attributed to high non-performing loans that hit an industry average of 15 per cent, perhaps an indication of a struggling economy in Kenya. CNBC Africa spoke with Dr. James Mwangi, Group CEO, Equity Group Holdings for more.
Mon, 20 Nov 2023 22:11:10 GMT