Equity net profit up 9pc to Sh12b

Dr James Mwangi Group Managing Director and Chief Executive Officer Equity Group Holdings speaks during Annual General Meeting. The bank has reached preliminary agreement to exchange ordinary shares in the group for controlling equity stakes in four banks operating in Rwanda,Tanzania, Zambia and Mozambique. [Wilberforce Okwiri/Standard]

Equity Group has posted a nine per cent growth in profit after tax for the first six months of this year. The lender recorded Sh12 billion net profit up from Sh11 billion reported over a similar period last year.