Equity Bank Reports 17% rise in H1 Profit

{{ Kenya’s Equity Bank posted a 17 percent rise in its pretax profit to 9 billion shillings ($103 million) for the first half of 2013, it said on Monday.}}

Chief Executive Officer James Mwangi told a briefing in Nairobi that the rise in profits was mainly due to a fall in costs. Total income grew 15 percent to 20.2 billion shillings, he said. ($1 = 87.4500 Kenyan shillings)

{wirestory}