Subsidiaries help lift Equity Bank Q3 net profit to $242m

Equity Group CEO James Mwangi.

Equity Group CEO James Mwangi. PHOTO | FILE | NMG

Equity Group has recorded a 79 percent rise in net profit in the nine months to September this year, helped by growth in interest and non-interest income.

The regional lender’s profit after tax in the review period stood at Ksh26.87 billion ($242.07 million) compared to Ksh15.04 billion ($135.49 million) the year before.