Equity Bank downplays impact of law capping rates

Equity Bank has downplayed the impact of the law capping interest rates on its profitability, even as analysts see a notable slash on their interest income.

During the release of the bank’s results on Thursday, Equity Bank forecast that it would only lose 1.3 to 2 per cent of its net earnings from interests while Standard Investment Bank researchers see them shedding up to 2.9 per cent.