Equity Bank’s net profit surged by 36 percent to Ksh.11.8 billion in the first quarter of 2022 from Ksh.8.7 billion in quarter one of 2021. This has been catapulted by growth in interest and non-interest income. Net interest income grew 31 percent to Ksh.26.67 billion in line
Equity Bank has secured a Ksh.19.1 billion (US$.165 million) funding kitty from International Finance Corporation (IFC) to support Micro, Small and Medium Enterprises (MSMEs) in Africa. This will see small businesses majorly involved in climate-smart businesses on the continent benefit from the multibillion financing programme. IFC, Vice
Twenty six (26) Kenyan companies have committed trade investments worth Ksh.115.4 billion (US$.1.6Billion) in the Democratic Republic of Congo. The 26 traders are part of the Kenya delegation that participated in last year’s Kenya-DRC Trade Mission organized by the Government of Kenya and the Government of
Banks’ net profit through the 12 months to December 31, 2021, rose to Ksh.141.5 billion from Ksh.80.29 billion in 2020. The profit record is for all lenders listed on the Nairobi Securities Exchange (NSE), as shown by Metropol Harvest. The rise in earnings is anchored on the
Secondary education is compulsory for every child in Kenya under the Basic Education Act even though many parents can barely afford to give their children this right. Every year, thousands of students with promising futures await to join their respective secondary schools, but there’s always the
Equity Bank nearly doubled its full-year profit for the year ended December 31, 2021 post to Ksh.39.1 billion. In a corresponding period for the year 2020, the Nairobi Security Exchange (NSE) listed institution posted a profit of Ksh.19.7 billion. According to the bank, it cut loan loss
Equity Group profit surged by 98 percent to Ksh.39.17 for the full year ended December 31, 2021 compared to a similar period the previous year when the group posted Ksh.19.78 billion. The strong performance was driven by an increase in the net interest income which gained
Over five million businesses are set to benefit from Equity Group Holdings' new plan dubbed Africa recovery and resilience plan for Micro, Small & Medium Enterprises (MSMEs) aimed at enabling and fast-tracking the recovery of the regional economy following the impact of the COVID-19 pandemic. Equity
Equity Bank has reduced the time its customers will take to transact with PayPal from three days to just a day. The move will allow businesses to effectively receive payments enabling them to manage their cash flows and accelerate their growth globally within the shortest time
The International Finance Corporation, a member of the World Bank has lent Ksh18.6 billion to the Kenyan banking subsidiary of Equity Group. The loan from IFC will support hundreds of Kenyan businesses in the manufacturing, health, trade, transport, and consumer goods sectors. Equity Group Managing Director and
