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Equity bank profits

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Equity group has registered 10 per cent growth in net profit to stand at 17.46 billion shillings up from 15.83 billion shillings in the third quarter of the year, supported by increased interest earnings from lending.
The group’s net interest income also grew by 10 per cent to stand at 32.29 billion shillings from 29.47 billion shillings in the three months to September.
Loans and advances to customers shot up by 60.5 billion shillings to 348.9 billion shillings up from 288.4 billion shillings reflecting a 21 per cent growth as Jimmy Mbogoh reports.

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