Equity Bank nine-month profits race past last year’s Sh20.1 billion

Equity Bank CEO James Mwangi [David Gichuru, Standard]

Equity Bank’s net profit in the third quarter of 2021 grew by 79 per cent to hit Sh26.9 billion as the lender substantially cut its stock of bad loans.

The nine-months profit has raced past the Sh20.1 billion profit that the lender posted in the full-year ended December 2020.