Equity Group Profit After Tax (PAT) for the quarter ended March grew by a notable 64 per cent to Sh8.7 billion from Sh5.3 billion same period last year. This saw us cut loss loan provision by a massive 64 per cent,'' Equity Group MD James Mwangi said. The firm's loan loss provision dropped from Sh3 billion to Sh1.1 billion. The firm's loan loss provision dropped from Sh3 billion to Sh1.1 billion. Of the 31 per cent of the loan book, or Sh171 billion Covid-19 accommodated or rescheduled loan book, Sh59 billion has resumed repayment with Sh5 billion fully repaid and Sh3 billion behind schedule in repayment.

Source: The Star May 26, 2021 07:01 UTC