Equity Group is banking on its Ugandan subsidiary to shore up its revenue

Equity Bank (Photo: Courtesy)

Equity Group is banking on its Ugandan subsidiary to shore up its revenue in the face of a shrinking loan book in its Kenyan business.

Of the six subsidiaries, Kenya and South Sudan were the only ones that recorded negative loan book growth, with Uganda registering the fastest growth even though its loan book is about 17 times smaller than that of Kenya.