Equity grows half-year profit to Sh24.4b on increased lending

Equity Group CEO James Mwangi (left) with directors Mary Wamae and Gerald Warui. [Wilberforce Okwiri, Standard]

Equity Bank recorded a net profit of Sh24.4 billion in the first half of this year on the back of increased income on lending as well as fees and commissions.

This was a growth of 36 per cent compared to a profit-after-tax of Sh17.9 billion that the lender recorded in the first six months of last year.