Equity Bank pretax profit rises in 2015 to Sh24 billion

Equity Bank's 2015 pretax profit rose to Sh24 billion from Sh22.4 billion a year earlier, helped by higher interest income, the Kenyan bank said on Tuesday.

Chief Executive Officer James Mwangi said there were also challenges from depreciation in regional currencies against the dollar and a slow performance at the lender's business in South Sudan, a nation stricken by conflict.