Equity Group Holdings 9-month pre-tax profit up 11 per cent

Equity Group Holding Chief Executive Officer James Mwangi

Equity Group Holdings said on Tuesday its nine-month pretax profit rose 11 per cent to Sh24.78 billion, helped by a surge in lending, higher interest and non-funded income in its main market Kenya.

Net interest income in the nine months came in at Sh32.29 billion, compared with Sh29.5 billion a year ago, while non-funded income rose to Sh22.54 billion from Sh19.8 billion last year, Chief Executive James Mwangi said at an investor briefing.