Equity Bank group managing director & CEO Dr. James Mwangi. [Fila, Standard]Equity Group Chief Executive Officer James Mwangi pocketed Sh278.5 million in earnings for the year ended December 2020, emerging as the highest-paid top executive in the country’s financial services sector last year. Data from Equity Group’s latest annual report indicates that Mwangi’s earnings include a Sh194.5 million gratuity, Sh56.7 million in basic pay and Sh13.9 million in leave pay compared to the Sh65 million he took home in 2019. Equity Group reported Sh20.1 billion in profit after tax for the year ended December 2020, a 10 per cent drop compared to earnings made over a similar period in 2019. Deferred bonusesKCB Group Chief Executive Joshua Oigara earned Sh116 million in income for the year ended December 2020, representing a 61 per cent drop, from Sh299.1 million in income made in 2019.

Source: Standard Digital May 11, 2021 21:00 UTC