Nairobi – Equity Group Holdings Plc has reported another quarter of strong growth and resilience, with Profit After Tax (PAT) rising by 32% to Kshs. 54.1 billion, up from Kshs. 40.9 billion in the same period last year.
The Group’s performance reflects the success of its ongoing strategic transformation, regional diversification, and strong recovery in its core banking operations.
“Our Q3 performance underscores the strength of our diversified tri-engine business model, operational efficiency, and continued commitment to transforming lives,” said Dr James Mwangi, Managing Director and CEO, Equity Group. “By empowering MSMEs, leveraging digital platforms, and aligning with Africa’s socio-economic and sustainability priorities, we continue to drive inclusive growth and create shared prosperity.”
Highlights of the Q3 2025 Performance
Profit After Tax: Up 32% to Kshs. 54.1 billion (from Kshs. 40.9 billion). Return on Average Equity (RoAE): 26.4%. Return on Average Assets (RoAA): 4.1%. Net Interest Income: Grew by 16%. Non-Funded Income: Increased by 3%. Cost-to-Income Ratio: Improved to 50.6%, from 55.1%. Non-Performing Loan (NPL) Coverage: Strengthened to 71.4%, with cost of risk contained at 1.9%.
Regional Subsidiaries Drive Growth
Equity Group’s regional subsidiaries remained key growth drivers, contributing 45% of Profit Before Tax, 50% of deposits, and 53% of total loans.
Equity Bank Uganda delivered a 61% growth in PAT to Kshs. 2.9 billion, up from Kshs. 1.8 billion. Investment securities rose by 23% to Kshs. 39.6 billion, while total equity grew to Kshs. 18.5 billion. NPL ratio improved sharply to 8.8%, down from 20.9%.
Equity BCDC (DRC) recorded a 21% growth in PAT to Kshs. 13.8 billion, supported by 19% growth in loans.
Equity Bank Rwanda posted 34% loan growth, while total assets expanded to Kshs. 122.9 billion.
Equity Bank Tanzania nearly doubled its PAT, rising by 88% to Kshs. 1.5 billion, supported by a 51% increase in loans.
Equity Bank Kenya reported PAT of KShs. 31.1 billion, a 51% increase from Kshs. 20.6 billion, maintaining its leadership in MSME banking with 45% of Kenya’s MSME loans disbursed between January and July 2025.
Insurance and Non-Banking Business
Equity Insurance Group continued its strong momentum, posting a 71% increase in gross written premiums and a 36% growth in profit before tax. The Group’s life, health, and general insurance subsidiaries are positioned to deepen insurance penetration across East Africa.
The Group’s technology and insurance businesses now account for 1.9% of total assets and 3% of total revenue, with returns outperforming the banking group.
“Our investments in technology, AI, and digital platforms have future-proofed our operations and enhanced service reliability,” added Dr Mwangi. “System stability has been fully restored, and our focus now is on expanding product offerings to unlock greater opportunities for customers.”
Sustainability and Social Impact
Through the Equity Group Foundation (EGF), the Group has invested approximately Kshs. 98 billion ($715 million USD) in social impact and sustainability initiatives.
Key milestones include: 145 scholars receiving fully funded global university scholarships worth KShs. 3.8 billion, 91,000 MSMEs accessing Kshs. 38 billion in credit, 80,000 farmers trained in climate-smart agriculture, 39.6 million trees planted under the Group’s climate resilience program and 535,000 clean energy solutions distributed, impacting over 2.1 million people.
Future Outlook
Equity Group’s Africa Recovery and Resilience Plan (ARRP) targets presence in 15 countries and 100 million customers by 2030, positioning the Group as an integrated Transformation Finance Institution that aligns private capital with national and regional development priorities.
“The strong growth in the region presents a long-term runway for sustained expansion,” Dr Mwangi concluded. “We remain committed to empowering individuals, businesses, and communities through innovative, sustainable financial solutions that drive Africa’s transformation.”