Equity Bank has made history. The rags-to-riches-fairy-tale homegrown Kenyan bank has just announced its' results for 2014 where it made a colossal Kshs 17 billion profit. Not only did the bank pip arch rival and the largest bank in Kenya asset-wise KCB (which made Kshs 16.8 billion) but it also become the very first in the history of banking in Kenya to reach that astronomical figure.
The bank profits were buoyed by increased lending and more revenue from transactions.
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