EQUITY BANK GROUP POSTS A PRETAX PROFITS OF SHS 24B IN 2015!

EQUITY BANK GROUP POSTS A PRETAX PROFITS OF SHS 24B IN 2015!

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Equity Bank group full year pretax profit rose to 24 billion shillings ($236.6 million)in 2015, from 22.4 billion shillings in year 2014.

Equity Bank which is the biggest lender in East African countries recorded a net interest of 34.1 billion shillings from 29.2 billion shillings in 2014.

The Sh24 billion profit for the year ended December 2015 was a 17 per cent higher than the Sh 22.4 billion the bank made in the year ending 2014. KCB nominal profits went up to Shs 26 billions pretax profits for the same period making a 19 per cent increase from 2014 results.

Read also; KCB Net worth Hits Kshs 558Billions

Both of the bank stated that this improved performance and increased profits was  as a result of mainstay lending business.

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