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Equity Group Profit drops 14 per cent to Sh15 billion

Equity Group CEO James Mwangi (PHOTO: File)

NAIROBI, KENYA: Equity Group has recorded a 14 per cent decline in profit after tax in the third quarter of 2020 to Sh15 billion from Sh17.5 billion recorded the previous year same period.

The bank's net profit has been affected by the impact of the Corona Virus which is turning out to be a challenge in the banking industry.

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