Equity Bank did not comment on the potential impact of the loan restructuring on its earnings this year. SH273 MILLIONIts net profit increased 13.8 per cent from Sh19.82 billion in December 2018 to Sh22.56 billion in the year ended 2019. The CBK says loans worth Sh273 billion had been restructured between mid-March and end of April. KCB said it has restructured loans worth Sh110 billion, Absa had done Sh8.3 billion by end of April while StanChart had by start of May reviewed credit worth Sh8 billion. NCBA Group said it has restructured loans worth Sh35 billion since the start of the coronavirus pandemic.

Source: Daily Nation May 22, 2020 04:30 UTC