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Equity Bank's Strategy Increases Profits by 36 Percent

The Group’s total assets posted a 24% growth during the year to close at Ksh 243 billion up from Ksh196 billion. Net customer loans reached Ksh 136 billion up by 19% from Ksh114 billion. Investment in Government Securities grew by 35% to Ksh 40.8 billion up from Ksh 30.2 billion while cash and bank placements grew by 28% to Ksh 45 billion up from Ksh 35.3 billion.

Read more: Equity Bank's Strategy Increases Profits by 36 Percent

Equity Bank’s Focus on Innovation Boosts First Half Year 2013 Profit

Regional banking group, Equity Bank's reduction of interest rates by 700 bps from 25% to 18% has paid off by growing its loan book by Kshs 11 billion to Kshs 150 billion from Kshs 139 billion in the first quarter 2013 resulting in a growth of 21% in Year on Year.

Read more: Equity Bank’s Focus on Innovation Boosts First Half Year 2013 Profit

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Equity Bank is Regulated by Bank of Tanzania (BOT)