× Business BUSINESS MOTORING SHIPPING & LOGISTICS DR PESA FINANCIAL STANDARD Digital News Videos Health & Science Lifestyle Opinion Education Columnists Moi Cabinets Arts & Culture Fact Check Podcasts E-Paper Lifestyle & Entertainment Nairobian Entertainment Eve Woman Travelog TV Stations KTN Home KTN News BTV KTN Farmers TV Radio Stations Radio Maisha Spice FM Vybez Radio Enterprise VAS E-Learning Digger Classified Jobs Games Crosswords Sudoku The Standard Group Corporate Contact Us Rate Card Vacancies DCX O.M Portal Corporate Email RMS
×

Kenya's Equity Bank posts 18 per cent rises in 2014 pretax profit

BUSINESS
By Reuters | March 10th 2015

Kenya's Equity Bank Ltd reported on Tuesday an 18 percent rise in full-year pretax profit at 22.4 billion shillings ($245.1 million) due to a rise in net interest income and loan book.

The lender, the biggest in the east African country by the number of depositors, said net interest income rose 10 percent to 29.2 billion shillings in 2014, while the loan book grew 25 percent to 214.2 billion shillings.

Chief Executive James Mwangi said improving macro economic factors in Kenya, where the currency has been stable and inflation is falling, is likely to have a "very positive" impact on the company's performance in the coming weeks

Share this story
Insecurity hands a lifeline to bullet, bomb proof business
At a time when insecurity has Kenyans worried, two entrepreneurs have set up a company that aims to help people sleep a little bit easier.
Dog walking becomes the newest hustle in town
Dog walking is now a status symbol. Owning a pet is cool. I nowadays meet lots of Kenyans and foreigners walking their dogs and some running.
.
RECOMMENDED NEWS
Feedback