The lender posted an after-tax profit of Sh13.3 billion up from Sh12.1 billion in 2012.
Loans and advances were almost unchanged rising from Sh27.4 billion to Sh27.7 billion in the period under review attributed to high interest rates.
Equity's non-interest income --which includes fees and commissions, foreign exchange trading and other unspecified income-- grew by Sh2.5 billion to Sh15.4 billion.
Fees and commissions income from loan and advances grew to Sh4.5 billion from Sh3.6 billion, while foreign exchange trading earnings declined marginally from Sh1.9 billion to Sh1.86 billion.
The bank's gross non-performing loans rose sharply to Sh9.2 billion from Sh4.3 billion even as loan loss provision increased from Sh1.6 billion to Sh2.4 billion.
The NSE-listed lender said it will pay a dividend of Sh1.50 per share.
Most Popular Stories
- Obama Administration Releases Proposal to Regulate For-Profit Colleges
- Apple, HP, Intel May Take a Hit from Slowdown in Smartphone Sales Growth
- Elizabeth Vargas' Husband Marc Cohn Addresses Rumors
- FDIC Files Lawsuit on Behalf of Banks Allegedly Hurt by Libor Scandal
- Keurig Adds Peet's coffee, Alters Starbucks deal
- Motley Crue's Nikki Sixx Marries Model Courtney Bingham
- U.S. to Relinquish Gov't Control Over Internet
- Chinese e-Commerce Giant Alibaba Gears for IPO in U.S.
- Some California Cities Seeking Water Independence
- Will Missing Malaysian Jet Prompt Aviation System Change?