Business Daily | by Otiato Guguyu
Equity Bank has extended repayment periods on a third of its loan book by three years to cushion customers hard hit by the coronavirus pandemic.
Equity Bank Group Holdings ceo James Mwangi said they offered the extended loan moratoriums to 35 per cent of their loan book beyond the one year allowed by the regulator to help customers recover.
As at September 2020 Equity’s loan book stood at Sh302.4 billion, which puts the loans given an extended repayment holiday at about Sh105.8 billion…
