Kenya’s Largest Lender to Cut Treasuries Holdings to Boost Loans

Equity Group Holdings Plc, Kenya’s largest lender, plans to reduce its exposure to government securities to increase loans to customers as it expects to get better returns.

Loans to customers are projected to increase by as much as 10% by year-end after growing 4% to 825.1 billion shillings ($6.39 billion) in the first six months, Chief Executive Officer James Mwangi said during a briefing on Monday.