Equity Bank reports 1pc profit growth

Tuesday March 8 2016

Equity Bank Group CEO James Mwangi at a past conference. The Bank’s South Sudan employees have gone on a nationwide strike demanding better pay. FILE PHOTO | DIANA NGILA | NATION MEDIA GROUP

Equity Bank Group CEO James Mwangi at a past conference. FILE PHOTO | DIANA NGILA | NATION MEDIA GROUP 

Equity Bank's 2015 full-year net profit hardly changed rising 1 per cent to Sh17.3 billion compared to Sh17.2 the previous year on what the chief executive James Mwangi attributed to a turbulent market environment and high costs. The bank's loan loss provision jumped by almost 50 per cent.

The bank however said it will  issue a Sh2 dividend a share. More to follow