Nairobi, Kenya — Equity Group has reported a 17% increase in profit after tax to KShs 34.6 billion, up from KShs 29.6 billion in H1 2024, marking a major milestone in its four-year transformation journey. The Group also registered its highest-ever quarterly profit before tax, hitting KShs 22.9 billion in Q2 2025, well above the four-year quarterly average of KShs 14.8 billion.
This growth, achieved in a challenging macroeconomic environment, reflects the success of Equity’s bold strategy to evolve from a traditional bank into a diversified, pan-African financial services group.
All regional subsidiaries recorded strong performance: Kenya’s profit after tax rose by 40% to KShs 19.5 billion; Uganda’s increased by 40% to KShs 1.9 billion; Tanzania’s surged 75% to KShs 1.1 billion; DRC’s grew 22% to KShs 9.1 billion; and Rwanda’s total assets expanded by 21%. Equity’s regional operations now contribute nearly half of the Group’s deposits, loans, and revenue, confirming the value of its pan-African diversification.
Key financial metrics for the period include 3% asset growth to KShs 1.8 trillion, 4% growth in net loans to KShs 825.1 billion, and 2% increase in deposits to KShs 1.32 trillion. Shareholders’ funds grew by 25%, and earnings per share rose 16% to KShs 8.8. Despite a volatile environment marked by inflation, high interest rates, and currency fluctuations, Equity maintained a strong liquidity ratio of 58.6% and robust capital adequacy ratios.
The Group’s investment in next-generation digital infrastructure continues to pay off, with over 98% of transactions occurring outside branches, and 87.4% through digital channels.
Equity’s insurance subsidiaries, life, general, and health, have gained momentum, with the insurance group’s balance sheet growing 40% to KShs 31.5 billion and profit after tax increasing by 27% to KShs 660 million. Gross written premiums jumped 115% to KShs 5.18 billion. Equity Life Assurance has become the second-largest group credit insurer in Kenya, serving 6.7 million customers and issuing 16.6 million policies in just three years.
Loan book quality remains solid, with the Group’s non-performing loan ratio at 13.7%, outperforming the industry average of 17.6%. Notably, Equity Tanzania and Uganda have reduced their NPLs significantly, contributing to a decline in the Group’s cost of risk from 2.6% to 1.7%.
Commenting on the results, Group CEO Dr. James Mwangi said:
“The execution of our transformation strategy is now reflected in the structure and resilience of our balance sheet and income. This evolution positions us to better support key sectors, agriculture, mining, manufacturing, trade, and SMEs, which drive regional economies.”
Equity’s 2030 vision, aligned with the Africa Recovery and Resilience Plan (ARRP), aims to operate in 15 countries and serve 100 million customers, with ongoing transformation across governance, systems, people, and product strategy.
Beyond financial performance, the Group continues to champion social impact through the Equity Group Foundation, investing $715 million in scholarships, health, climate action, and enterprise development.
The Equity Leaders Program has supported over 29,000 university scholars, while environmental efforts include planting 36.4 million trees and distributing more than 520,000 clean energy products. Equity has disbursed KShs 363 billion to over 350,000 MSMEs, advancing economic inclusion.
The Group was named “Best Regional Bank in East Africa” at the 2025 African Banker Awards and retained its title as Kenya’s most valuable brand for the second consecutive year, underscoring its leadership in the region.
Equity Group’s H1 2025 results confirm the success of its transformation journey and its growing role as a driver of financial and socio-economic progress across Africa.
