Equity Group has reported a Ksh. 15.4 Billion profit after tax for the period ended March 2025. This represents a 4% reduction in profitability from the Ksh. 16 Billion realized in a similar period last year.
The decline in profitability was due to a 3.7% decline in the Total operating income to Ksh. 48.1 Billion. The Total interest income declined by 2% to Ksh. 41.9 Billion while the Total non-interest income also declined by 11.8% to Ksh. 19.6 Billion.
On the other hand operating expenses declined slightly by 1% to Ksh. 29.4 billion. This was largely due to a reduction in the loan loss provision to Ksh. 3.3 Billion down from Ksh. 6 Billion in March 2024.
The Kenyan banking subsidiary accounted for 51% of total revenue. While the banks’s regional subsidiaries continue to be strong contributors to its growth trajectory.
Equity bank Tanzania recovery momentum continues to manifest itself with deposits increasing by 14% and loans by 9% year on year. 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 played 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 was 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, “We are proud of the resilience demonstrated by the Group amidst a challenging global economic landscape, where our financial strength provides the flexibility to seize opportunities as the regional economy presents diversified levers for growth. This, coupled with the strength of our regional and non-banking subsidiaries, positions us to continue delivering sustainable growth and creating long-term value for our customers, communities, and shareholders, supported by our strong liquidity and total capital positions of 58.5% and 18.3% respectively.”