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BUSINESS Equity Bank CEO James Mwangi in Nairobi on April 14, 2021. [David Gichuru,Standard] Kenyan banks may be swimming out of the Covid-19 storm with most of them now recording a rise in net profits in the first quarter of 2021. Equity Bank’s net profits rose by 64 per cent in the period between January and March at the back of increased income even as the listed lender controlled the growth of expenses. The bank made a profit after tax of Sh8.7 billion in the period under review compared to Sh5.5 billion that it posted in the first quarter of 2020. Equity outshone its closest rival KCB which made a profit after tax of Sh6.37, an increase of 1.7 per cent from Sh6.26 billion in the first quarter of 2020.

James mwangiJoshua oigaraJohn gachoraEquity groupEquity bankGroup chief executive officer james mwangiDemocratic republicExecutive joshua oigaraManaging director johnஜேம்ஸ் முவாங்கிபங்கு குழுபங்கு வங்கிகுழு தலைமை நிர்வாகி அதிகாரி ஜேம்ஸ் முவாங்கிஜனநாயக குடியரசுநிர்வகித்தல் இயக்குனர் ஜான்