Equity Group's profit after tax rises by 32% to Ksh.54.1 billion

Equity Group Holdings has posted a strong performance for the third quarter of 2025, with profit after tax rising by 32 percent to Ksh.54.1 billion.

The growth was driven by strong regional contributions, improved efficiency, and a rebound in the Kenyan banking business.

Equity Group’s profit after tax rose to Ksh.54.1 billion in the nine months to September 2025, up from Ksh.40.9 billion a year earlier.

Dr. James Mwangi, Equity Group CEO, said: “That is because of many things, the insurance group has grown, but the biggest contributor is Kenya. Kenya has bounced back, it has recovered and we are now in a position to focus on supporting our people and specifically women, youth and entrepreneurs.”

In Kenya, Equity Bank posted a 51 percent rise in profit after tax to Ksh.31.1 billion, up from Ksh.20.6 billion in the previous period.

Net interest income grew by 27 percent to Ksh.53.6 billion, supported by a 34 percent reduction in interest expenses to Ksh.25.1 billion. Total equity expanded by 36 percent to Ksh.171.4 billion.

Regional subsidiaries continued to drive growth, with a 19 percent loan book expansion in the Democratic Republic of Congo and 34 percent in Rwanda. Collectively, the subsidiaries now contribute nearly half of the Group’s deposits, loans, and revenue.

“We have seen the momentum of our regional subsidiaries particularly DRC which is heavy. The small, light subsidiaries like Uganda and Tanzania and Rwanda are punching above their weight, so the future looks very bright,” said Dr. Mwangi.

At the same time, the bank maintained its lead in MSME financing, disbursing 45 percent of the Ksh.201 billion advanced to SMEs nationwide from January to July 2025.