Nairobi — Equity Group has reported a 17% growth in profit after tax to Kshs. 34.6 billion, up from Kshs. 29.6 billion in the same period last year, marking a strong start to the second half of its four-year transformation journey.
The Group recorded its highest-ever quarterly profit before tax at Kshs. 22.9 billion, surpassing the four-year quarterly average of Kshs. 14.8 billion. Regional subsidiaries also delivered strong recoveries: Kenya (+40%), Uganda (+40%), Tanzania (+75%), and DRC (+22%).
Strategic Transformation Driving Results
Four years ago, Equity began a complete organisational transformation — overhauling governance, leadership, systems, infrastructure, and culture. The shift moved its purpose from financial inclusion to championing private sector–led development financing, anchored in the Africa Recovery and Resilience Plan (ARRP).
“Our strategic execution is reshaping the balance sheet and income structure, driving resilience and performance,” said Dr. James Mwangi, Group MD and CEO. “We are seeing results across agriculture, mining, manufacturing, trade, and SME ecosystems that will significantly transform the Group.”
The transformation includes a 2030 plan to operate in 15 countries and serve 100 million customers, backed by next-generation technologies including AI, data analytics, and enhanced digital security.
Half-Year 2025 Performance Highlights
• Profit After Tax: +17% to Kshs. 34.6B (from Kshs. 29.6B)
• Net Interest Income: +9% after an 18% drop in interest expense
• Total Costs: –2%, driven by a 34% fall in loan loss provisions
• Loans: +4% to Kshs. 825.1B
• Deposits: +2% to Kshs. 1.32T
• Total Assets: +3% to Kshs. 1.8T
• Earnings Per Share: +16% to Kshs. 8.8
The loan-to-deposit ratio stands at 62.5%, supported by strong capital buffers (Core Capital/RWA 16.5%, Total Capital/RWA 18.1%) and a liquidity ratio of 58.6%.
Regional and Subsidiary Performance
In Kenya
Profit after tax increased by 40% from Kshs.13.9 billion to 19.5 billion, net interest income increased by 18% from Kshs. 27.7 billion to Kshs. 32.8 billion after 29% decline on interest expense to Kshs.18.3 billion down from Kshs. 25.6 billion. Total equity grew by 22% to Kshs.154.6 billion from Kshs. 127.2 billion.
In DRC
Profit after tax increased by 22% to Kshs. 9.1 billion from kshs.7.4 billion. Loans and advances grew by 13% to Kshs.275.4 billion from Kshs. 244.2 billion funded by a corresponding decline in cash from Kshs. 271.4 billion down to Kshs.236.5 billion. Total equity grew 28% to Kshs.82.6 billion up from Kshs.64.8 billion
In Uganda
Profit after tax increased by 40% to Kshs.1.9 billion from Kshs.1.4 billion. Deposits grew by 5% to Kshs.96.8 billion from Kshs. 91.9 billion fueling growth of cash and bank balances by 11% to Kshs.25.7 billion from Kshs.23.1 billion and growth of investment securities by 14% to Kshs.36.8 billion from Kshs. 32.3 billion. Capital grew by 9% to Kshs.16.8 billion up from Kshs. 15.4 billion.
In Rwanda
Total assets registered 21% growth to Kshs.130.1 billion up from Kshs.107.6 billion driven by 22% growth in deposits from Ksh.77.7 billion to Kshs.94.7 billion and 23% in loan book from Kshs. 45.5 billion to Kshs. 56.1 billion and 48% growth in cash and bank balances of Kshs. 42.1 billion up from Kshs. 28.5 billion. Capital grew by 26% to Kshs.19.9 billion up from Kshs.15.8 billion.
In Tanzania
Profit after tax grew by 75% to Kshs.1.1 billion up from Kshs.0.6 billion. Shareholders’ funds grew by 67% to Kshs.10.7 billion up from Kshs. 6.4 billion. Loans and advances grew by 19% to Kshs.31.3 billion from Kshs.26.2 billion.
Regional operations now contribute 49% of deposits, 50% of loans, and 50% of banking revenue.
Insurance Growth
Equity’s insurance arm (Life, General, Health) posted 40% balance sheet growth to Kshs. 31.48B, with PAT up 27% to Kshs. 660M. Life Insurance GWP rose 58% to Kshs. 3.8B, while General Insurance generated Kshs. 1.36B in premiums in its first six months.
Digital and Non-Banking Expansion
Over 98% of transactions now occur outside branches, with 87.4% on digital channels. Non-banking businesses (tech and insurance) increased their share of Group revenue to 4% and PBT to 3.8%, delivering ROE of 42.4%.
Social Impact and Sustainability
Through the Equity Group Foundation, USD 715M has been invested in education, enterprise, health, and environmental initiatives:
• Education: 29,515 university scholarships; 3,979 TVET scholars; 9,700 internships
• Environment: 36.4M trees planted; 520,549 clean energy products distributed; USD 200M+ in climate finance
• Enterprise: Kshs. 363.09B disbursed to 350,149 MSMEs; 2.49M women and youth trained
• Social Protection: Kshs. 169.8B disbursed to 5.9M individuals
• Health: 139 Equity Afia clinics; 3.98M patient visits
Equity Bank was named Best Regional Bank in East Africa at the African Banker Awards 2025 and retained its title as Kenya’s most valuable brand for the second consecutive year.
“These results affirm that our transformation strategy is working — building resilience, deepening regional integration, and positioning Equity as a catalyst for Africa’s socio-economic growth,” Dr. Mwangi concluded.
