Kenya: Equity in 20 Percent Profit Rise to Sh3.8 Billion

Nairobi — Equity Bank has posted a 20 percent net profit increase to Sh3.8 billion from Sh3.2 billion earned in the same period last year.

Customer deposits grew by 18 percent from Sh175 billion recorded over the same period last year to Sh206 billion, while the net loan book grew by 28 percent to close at Sh179 billion as at the end of the first quarter.

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