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Equity Investment bank goes back to drawing board

Equity Group Director of Strategy and Company Secretary Mary Wamae during Tuesday’s investor briefing in Nairobi. [Wilberforce Okwiri, Standard]

Equity Bank Group’s investment arm, Equity Investment Bank (EIB), is re-evaluating its business five years after re-opening.

The lender’s investment banking division, which had been closed in December 2009 barely two years after starting operations, is again struggling to break even and plans to re-organise the business.

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