Earnings Report /
Kenya

Equity Group: Strong H1 21 results but downgrade to Hold on share price rise

  • Strong non-interest revenue performance and lower cost of risk result in 95% yoy jump in EPS

  • Net interest margin outlook remains dim on lower asset yields while asset quality outlook turns positive

  • Fundamentals remain strong but downgrade to Hold on strong share price appreciation

Faith Mwangi
Faith Mwangi

Equity Research Analyst, Financials (East Africa)

Tellimer Research
20 August 2021
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