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On March 15, 2017, Equity Bank CEO James Mwangi spent close to an hour highlighting how the cap on interest rates had complicated the banking sector as he had known it for about 30 years.
When he was done, he announced a profit of Sh16.5 billion and hurriedly left without taking questions from the press. His communication team said he had a “busy schedule.” For the first time since going public in 10 years, profits had dropped.
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