Equity Group has achieved strong results and growth of its business across the region, with the Kenyan subsidiary contributing the bulk of the earnings. The group had a 7% year-on-year surge in customer deposits to Ksh1.32 trillion from Ksh1.24 trillion, fuelling a strategic expansion of net loans by 3% to Ksh804.7 billion from Ksh 779.2 billion.

With assets growing by 4% to Ksh1.75 trillion, Equity Group reported a Profit After Tax (PAT) of Ksh15.4 billion. Excluding South Sudan non-operational inflation accounting, profit before tax reflected an 8% growth from Ksh17.3 billion to Ksh18.8 billion.

The Kenya subsidiary has shown recovery registering 7% growth in deposits to Ksh792.7 billion, total revenue up 19%, non-funded income increased by 23% to Ksh7.57 billion which resulted to a 50% increase in profit before tax.

The Kenyan banking subsidiary, while still a major contributor, accounted for 51% of total revenue. The Group’s regional subsidiaries continue to be strong contributors to its growth as well.

Equity Bank Tanzania recovery momentum continues to manifest itself with deposits increasing by 14% and loans by 9%. Profit before tax increased by 540%, positively impacting returns with return on assets and return on equity at 3.2% and 22.6% respectively.

EquityBCDC plays a pivotal role in anchoring the Group’s Africa Recovery and Resilience Plan (ARRP), with a strong performance in DRC that saw 9% YoY growth in customer loans to Kshs 252.1billion and 8% in deposits to Kshs. 468.4billion. The subsidiary is instrumental in financing priority sectors such as agriculture, manufacturing, and MSMEs.

Regional subsidiaries accounted for 47% of total assets, 48% of net loans, and 45% of profit before tax, with key markets including DRC Tanzania and Rwanda, showing growth in deposits and loans. This regional performance reinforces Equity’s strategic positioning as a cross-border financial powerhouse and underpins its growing footprint across East and Central Africa.

Dr James Mwangi, Equity Group Holdings Plc Managing Director and CEO said the group had maintained growth in a challenging global economic landscape.

The Group’s non-banking subsidiaries, including investment banking, fintech, and insurance, have continued with their stellar performance. These businesses are not only supporting revenue diversification but are also deepening the Group’s value proposition through integrated, customer-centric solutions that address diverse financial needs across the continent.

The insurance business continues to deliver good results, with Profit Before Tax rising 27% to Kshs 414 million from Kshs 321 million. Since its inception in March 2022, the Group has issued 15.3 million policies, with 80% distributed through digital channels, enhancing financial protection and deepening customer relationships.

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