Business Daily | by Victor Juma
Equity Group posted a 14.5 percent decline in net earnings in the nine months ended September on the back of increased provisions for coronavirus-related defaults.
The lender made a net profit of Sh14.8 billion in the review period, down from Sh17.3 billion a year earlier.
The performance saw the bank overtake KCB Group, the country’s largest lender by assets, which reported a larger 43.1 percent drop in net earnings to Sh10.8 billion in the same period…
