Banks Want Government to Lift Moratorium on Loan Defaulters
The Central Bank of Kenya in June revealed that the ratio of non-performing loans stood at 13.1 percent, the highest since August 2007 when it stood at 14.41 percent.
Polycarp Igathe
Equity Group Net Earnings Up 14% to Kes 22.6 Billion, Dividend Increased 25pc
The Group continued to maintain an agile balance sheet with a liquidity of 52.1%, a loan deposit ratio of 75.9% and a core capital to risk weighted asset ratio of 19.8%. The balance sheet reflects solid diversified funding with customer deposits constituting 72% of the total funding, shareholders and long-term borrowing contributing 17% and 8% respectively. Net loans constituted 54% of the total assets while government securities and cash and cash equivalents contributed 26% and 13% of the total asset allocation respectively.
Polycarp Igathe Back to Equity Bank as Group Chief Commercial Officer
Equity Group Holdings Plc has announced that Polycarp Igathe has re-joined the Equity Executive team as the Group Chief Commercial Officer reporting to the Group CEO. Before returning to Vivo in 2019, Polycarp was the Managing Director of Equity Bank (Kenya)Limited and also doubled up as the Chief Commercial Officer. Polycarp resigned from Vivo last …
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