Equity Group Holdings Plc has announced a 98% growth in half-year profits to Kshs 17.9 billion up from Kshs 9.1 billion the previous year. Equity Group managing director and CEO Dr James Mwangi said the defensive and offensive strategy adopted at the onset of the Covid-19 pandemic to create resilience, agility, and recovery, has been […]
The Covid-19 pandemic that crippled the markets and devastated economies for the better part of last year barely touched the perks of Kenya’s top executives. A compilation of data from the country’s 17 most valuable companies by Financial Standard shows that the CEOs collectively pocketed Sh1.84 billion in perks last year even as the pandemic […]
Equity Group Holdings will resume dividend payments to shareholders after a two-year freeze following a 98 percent growth in net profit during the first six months to June. The regional bank, which is bullish of a sustained profit trajectory, has also diversified into new lines of business including trade financing, insurance and derivatives with hopes […]
The uptake of digital banking services by customers has accelerated Equity’s move to a variable-cost third party based infrastructure business model. In the recently released 2021 half-year financial results, digital channels accounted for 97% of the group’s transactions. According to the bank, 606.9 million transactions were complete through the Eazzy banking suite, agency banking and […]
FILE | Equity Group CEO Dr. James Mwangi The Democratic Republic of Congo (DRC) now holds the most profitable regional business for the Equity Group. Data from the lender shows the Equity BCDC subsidiary in the DRC overtook Equity Bank Uganda Limited (EBUL) as the most profitable regional unit for the Group in six months […]
Equity Group chief executive officer James Mwangi. FILE PHOTO | NMG Equity Group net profit for the first six months to June grew 98.4 percent to Sh17.9 billion driven by growth in interest and non-interest income. The group’s earnings rose from Sh9.02 billion recorded in a similar period last year as revenues across the subsidiaries […]
Equity Group #ticker:EQTY is close to switching to pricing loans based on the risk profile of customers following discussions with the Central Bank of Kenya (CBK). The lender’s chief executive James Mwangi said Tuesday that the discussions with CBK are close to conclusion and the switch to risk-based lending will allow it to accommodate riskier […]
Equity Group is considering switching to pricing loans based on the risk profile of customers. The lender and Central Bank of Kenya (CBK) are currently holding talks which according to those privy with the matter are close to sealing the deal. James Mwangi the chief executive of Equity Group said Tuesday that the discussions with […]
The uptake of digital banking services by customers is moving Equity Grou away from the brick and mortar fixed-cost business model to a variable-cost third party based infrastructure business model. In the just-released 2021half-year results , digital channels accounted for 97% of the Group’s transactions. 606.9 million transactions were complete through the Eazzy banking suite, […]
Equity Group Holdings will resume dividend payments to shareholders after a two-year freeze following a 98 percent growth in net profit during the first six months to June. The regional bank, which is bullish of a sustained profit trajectory, has also diversified into new lines of business including trade financing, insurance and derivatives with hopes […]
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