Equity Bank records 5% drop in profit to stand at Kes.43.7B

Equity Bank has posted a 5 percent drop in profits for the year ending December 2023 recording a net income of 43.7 billion shillings compared to 46.1 billion shillings profit posted in the year ending December 2022. The lender attributes the drop to its strategic move to maintain the loan interest charge at 13 percent during the year to December.