This archive report was first published on 1 August 2019.
On August 1, 2019, Equity Group reported a significant increase in its pretax profit, reaching Sh17 billion in the first half of the year.
The lender's interest income grew by 9% to Sh27.7 billion, while non-funded income was up 13% to Sh14.9 billion.
Equity Group operates in several countries, including Uganda, Tanzania, South Sudan, the Democratic Republic of Congo, and Rwanda.
As the CEO of Equity Group, James Mwangi attributed the growth to higher interest and non-funded income.
