Equity Group Holdings Reports 11pc Rise in Pretax Profit for First Nine Months of 2024

NAIROBI, Kenya – Kenya’s Equity Group Holdings (EQTY.NR), the country’s largest bank by customer base, posted a notable increase in its pretax profit, reaching Sh51 billion ($397 million) for the first nine months of 2024.

This marks an 11% jump from the Sh45.9 billion recorded in the same period in 2023, as the bank continued to solidify its standing in East and Central Africa.

The financial boost is largely credited to a rise in net interest income, which climbed to Sh80.59 billion, up from Sh72.6 billion during the comparable period last year.

This growth in net interest income highlights Equity’s effective strategy in leveraging lending opportunities and expanding its footprint across the region.

Equity’s operations now span seven African countries, including Uganda, Tanzania, Rwanda, Burundi, South Sudan, and the Democratic Republic of Congo.

The bank’s wide reach and strong customer relationships have been key contributors to its resilience and profitability amid a dynamic financial environment.