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Equity Bank made a profit after tax of Sh34.4 billion in the first nine months of this year on the back of growth in non-funded income.
This was a growth of 28 per cent compared to the Sh26.9 billion that the lender made in the third quarter of 2021.
Non-funded income, which includes fees and commissions, grew faster than all other revenue streams, with Group Chief Executive James Mwangi attributing this to the impressive performance of trade finance.
Facts First
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