Equity Bank posts 25 pct jump in 9-month pretax profit
31 October 2014, 08:28
Nairobi - Equity Bank Group reported on Thursday a 25 percent jump in pretax profits for the first nine months of the year, citing growth in non-interest income and a drop in provisions for bad debts.
Equity, which focuses on the lower-income part of the market, and also operates in Uganda, South Sudan, Tanzania and Rwanda, said profit rose to 15.82 billion shillings ($177.16 million) as non-interest income rose 23 percent.
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