NAIROBI, 29th May 2025 — Equity Group has posted a robust performance for the first quarter of 2025, reporting a Profit After Tax (PAT) of Kshs 15.4 billion, marking a significant milestone in its growth journey. This solid result comes after a year of careful cost management and resumption of growth across its diversified business operations in the region.

The Group’s total assets grew by 4% year-on-year, rising to Kshs 1.75 trillion from Kshs 1.69 trillion, while customer deposits surged by 7% to Kshs 1.32 trillion. Net loans also saw a 3% growth, increasing to Kshs 804.7 billion.

Regional operations continue to be a key driver of the Group’s success, accounting for 47% of total assets and 45% of Profit Before Tax (PBT). The Group’s subsidiaries in key markets such as Kenya, Tanzania, DRC, and Rwanda have shown strong performance, with Tanzania seeing a remarkable 540% increase in profit before tax. Equity BCDC’s solid performance in the DRC has reinforced its role in supporting the Group’s Africa Recovery and Resilience Plan (ARRP), contributing significantly to the growth of key sectors including agriculture, manufacturing, and MSMEs.

Equity’s Kenya operations also registered impressive results, with a 7% growth in deposits to Kshs 792.7 billion and a 50% increase in profit before tax. The Kenyan subsidiary remains a major revenue contributor, accounting for 51% of total revenue.

Equity’s unique tri-engine approach, integrating commercial, social, and sustainability priorities, continues to drive long-term growth. The Group remains committed to creating a meaningful societal impact, with strategic investments in technology and infrastructure. Digital channels are now responsible for processing 87% of transactions, with mobile platforms like Equitel and the Equity Mobile App seeing significant growth in transaction volumes.

In addition to financial services, Equity’s non-banking subsidiaries, including fintech, investment banking, and insurance, have continued to show stellar performance. The Group’s insurance business reported a 27% increase in profit before tax, and with plans to acquire a health insurance subsidiary license, Equity is expanding its range of offerings to provide comprehensive solutions to its customers.

Beyond financial results, Equity continues to have a profound social impact across Africa. Through initiatives like the Equity Leaders Program (ELP), the Group has supported over 29,500 scholars, empowering the next generation of African leaders. Equity has also been at the forefront of sustainability efforts, planting over 35 million trees and facilitating the distribution of clean energy products to communities in need.

Dr. James Mwangi, CEO of Equity Group Holdings, emphasized the Group’s commitment to sustainable growth: “Our focus on financial inclusion, regional expansion, and long-term resilience will continue to be the foundation of our success. The recognition we’ve received from both local and global institutions affirms our commitment to quality, customer empowerment, and economic transformation across Africa.”

As the Group continues to drive growth through strategic partnerships and innovative solutions, it remains dedicated to creating value for its customers, communities, and shareholders, positioning itself as a leading force in Africa’s economic development.

For more updates and detailed information on Equity Group’s results, visit  www.equitygroup.com.