Equity Group’s FY20 PAT fell 11.6% y/y to KES 19.8B driven by a 402.2% y/y surge in loan loss provisions to KES 26.2B and a 18.1% y/y growth in operating expenses to KES 46.0B. For the second year in a row, in a bid to improve the group’s capital buffers, the board of directors do not recommend payment of a dividend.
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AIB-AXYS Africa Ltd is the fusion of two established companies; AIB Capital Limited and Apex Africa Capital Limited, both with over 25 years of experience in the Securities market. With the solid reputation and experience of the professional teams, we leverage talent and networks to better service businesses and investors looking to capitalize on the African growth story, and its vibrant financial sector.
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