Equity’s profit grows 98 per cent to hit Sh18 billion in six months

 

Equity Group Holdings CEO James Mwangi (centre) with Group Director Strategy, Strategic Partnerships and Investor Relations Brent Malahay (left) and Equity Group Head of Financial and Regulatory Reporting Mary Nteere during an investor briefing and release of half year financial results for 2021 in Nairobi. [Wilberforce Okwiri, Standard]

Equity Group’s net profit in the first half of this year nearly doubled to Sh17.9 billion after the lender significantly cut its bad loans.