Equity Bank’s pretax profit for period ended June 30 at Sh13.29 billion

Equity Group CEO James Mwangi

NAIROBI, KENYA: Equity Group has reported Sh9.3billion after tax profit for the first-half 2017 down from Sh10.07billion recorded under the same period last year.

The Group’s profit before tax and exceptional items for period ended June 30 of Sh13.29 billion versus Sh14.23 billion.

Speaking during the Investor Briefing, Equity Bank CEO, Dr. James Mwangi said "The Group's business continues to demonstrate resilience. 2017 is proving to be an extension of the tough operating environment witnessed in 2016 but as a Group we have already developed and adopted a sustainable business model to cushion the business as well as boost value creation for shareholders. Innovation has proved to be a great enabler in driving growth. We are already registering efficiency gains from digitisation.”