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No dividend for Equity shareholders as profit drops to Sh20.1 billion

Equity Group Managing Director and CEO James Mwangi

NAIROBI, KENYA: Equity Group’s net profit for Financial Year ending December 2020 has dropped by 11 per cent to Sh20.1 billion from Sh22.6b in 2019.

The lender has not recommended dividend to shareholders opting to devote internally generated funds to the Group’s offensive and defensive strategy.

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