Equity Group managing director and CEO James Mwangi (left), executive director Mary Wamae and Equity Bank Kenya managing director Gerald Warui during a media briefing at the lender’s headquarters yesterday.
Equity Group will not pay shareholders an interim dividend for the six months ended June despite a 36 percent jump in profits, becoming the third top bank to do so amid caution to preserve capital buffers.
The Nairobi Securities Exchange (NSE) listed bank has posted an after-tax profit of a 35.4 percent rise in net profit through the opening half of the year to Sh23.7 billion from Sh17.5 billion last year.
