Equity Group Managing Director and CEO Dr James Mwangi has announced positive results for Quarter 3. Nairobi, Kenya | THE INDEPENDENT | Equity Group has reported giving out 30% more loans than the previous year, as it supports companies seeking new opportunities as they recover from the COVID-19 lockdown. This has been possible as customer […]
Equity Bank Customers at the headquarters on October 5, 2020. / Dan Nsengiyumva Equity Group has reported a 30% growth in its loan book as at 30th September 2020. While releasing the results for Q3 2020, Dr. James Mwangi, Group Managing Director and CEO said, “We grew our loan book by 30% year on year […]
Nkosana Moyo independent non-executive director of Old Mutual plc, African media expert Biola Alabi, British journalist Adrian Finighan, Nigeria’s Finance Minister Ngozi Okonjo-Iweala and Bob Diamond, director and co-founder of Atlas Mara, participate in a plenary session of the World Economic Forum in Abuja May 8, 2014. REUTERS/Afolabi Sotunde According to a member of Atlas […]
Equity Group CEO James Mwangi (PHOTO: File) NAIROBI, KENYA : Equity Group has recorded a 14 per cent decline in profit after tax in the third quarter of 2020 to Sh15 billion from Sh17.5 billion recorded the previous year same period. The bank’s net profit has been affected by the impact of the Corona Virus […]
The Standard chartered bank on Kenyatta avenue. Photo/Monicah Mwangi Standard Chartered Bank Kenya’s loan loss provision more than tripled in nine months ended September 30 to cover for customers struggling to repay credit as coronavirus muzzle economy. According to the lender’s financial results issued Thursday, loan loss cover rose to Sh2.7 billion in the quarter […]
Kenya’s Co-operative Bank net profit for the nine months period to September 30 declined by 10 percent over reduced banking transactions and increased provisioning to cushion against the economic disruption occasioned by the Covid-19 pandemic. The lender, which is listed on the Nairobi Securities Exchange (NSE), recorded a profit after tax (PAT) of Ksh9.8 billion […]
The bank boasts a balance sheet worth Tshs 14.3 Trillion as of the end of 2019, and overall, Equity Group has an asset base of USD 9billion and with over 14.2 million customers. With a footprint of 300 branches, 51,560 Agents and 31,265 Merchants and 623 ATMs the Group is one of the biggest banks […]
Equity Group has reported a 30% growth in its loan book from Kshs 348.9 billion in September 2019 to Kshs 453.9 billion as at 30th September 2020. While releasing the results for Q3 2020, Dr. James Wangi, the Group Managing Director and CEO said the loan book grew by 30% year on year in order […]
Nkosana Moyo independent non-executive director of Old Mutual plc, African media expert Biola Alabi, British journalist Adrian Finighan, Nigeria’s Finance Minister Ngozi Okonjo-Iweala and Bob Diamond, director and co-founder of Atlas Mara, participate in a plenary session of the World Economic Forum in Abuja May 8, 2014. REUTERS/Afolabi Sotunde According to a member of Atlas […]
Equity Group #ticker:EQTY has booked a Sh906.57 million bargain purchase gain on completion of acquisition of a majority stake in the Congolese lender, Banque Commerciale Du Congo (BCDC) in August. The lender has disclosed the gain in its latest financial statements covering nine months to September, in which it posted a 14.5 percent fall in […]
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