Equity records Shs18.14 billion in pretax profit

11 views · Published 27 October 2015 · 2:23 · Indexed 21 October 2026

Channel: KBC Channel 1 · 2015 · News & Politics

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Equity Group made 18.14 billion shillings in pretax profit during the first nine months of this year. The profit that is up 14 percent on what the bank posted during a similar period last year was driven by interest income which rose 21 percent to 31.6 billion shillings. Equity group's ratio of bad debts to total loans rose to 4.5 percent from 4.3 percent in the first nine months of 2014.
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