Nairobi, March 28 -- Equity Group's net profit for the year ended December 2022 has increased by 15 percent from Sh40.07 billion to Sh46.1 billion, deepening its position as the most profitable lender in the region.

The growth in profits came on the back of a rise in interest and non-interest income, coming in the period the lender's loan book expanded from Sh587.78 billion to Sh706.59 billion.

Kenyan unit contributed Sh33.4 billion or 73 percent of the group's net profits, even as its subsidiaries in markets such as DRC Congo continued to grow.

The earnings growth means Equity Group has for the third year running retained its spot as the most profitable lender in the market, with KCB Group's net profit in the same period being Sh40.8 ...