wrongturn
Elder Lister
Equity doubles profit on loan repayments
Increased loan repayments helped propel Equity Bank Group to a Sh17.9 billion net profit for the first half of the year.
www.businessdailyafrica.com
17.9b net profit half year, nikama they'll hit 30b+ end year.
Now they want to embark on risk profile lending, they might be the first bank to actually use CRB for it's intended purpose. Currently the practice with most banks is that the moment you're listed and you have cash flows, they can't lend to you .
Equity Bank now inches closer to risk-based lending
Equity Group is close to switching to pricing loans based on the risk profile of customers following discussions with the Central Bank of Kenya (CBK).
www.businessdailyafrica.com