Equity Group’s 1H21 net earnings rose 97.7% y/y to KES 17.94B driven by sustained growth in operating income and a 63.7% y/y drop in loan loss provisions to KES 2.91B. This was above our expectations on the back of improving economic conditions.
Equity Group’s 1H21 net earnings rose 97.7% y/y to KES 17.94B driven by sustained growth in operating income and a 63.7% y/y drop in loan loss provisions to KES 2.91B. This was above our expectations on the back of improving economic conditions.