Equity Group reports Kshs 15.4 billion profits after tax on prudent cost management and resumption of growth
From right to left: Equity Bank Tanzania Managing Director, Ms Isabela Maganga, Equity Group Holdings Plc Managing Director and CEO, Dr. James Mwangi and Equity Life Assurance (Kenya) Limited Managing Director, Ms Angela Okinda.
What you need to know:
Total assets increased by 4% year on year to Kshs 1.75 trillion from Kshs 1.69 trillion.
Customer deposits increased by 7% year on year to Kshs 1.32 trillion.
Net loans increased by 3% year on year to Kshs 804.7billion.
Regional operations contribute 47% of total assets and 45% of profit before tax.
