NAIROBI, Kenya- Equity Group has announced a profit after tax of Sh34.6 billion for the first half of 2025, up from Sh29.6 billion in the same period last year.
The lender says its bolstered performance reflects its ongoing transformation and strategic innovation.
“Sh22.9 billion is the highest quarterly profit we have ever made in the history of Equity. We have innovated a new Equity,”said its CEO James Mwangi.
“This achievement wasn’t about optimizing the business we had but about disrupting our existing business model and completely transforming it.”
The group’s balance sheet remained strong and agile, with over 80% of assets being interest-earning and a liquidity ratio of 58.5%.
The lender says it is keen on growing its balance sheet while also optimizing it by reallocating funds to the highest-earning asset classes.
According to the lender,the performance has been buoyed by growth in its subsidiaries,contributing 49% of deposits, 50% of the loan book, 48% of total assets, 50% of revenue, and 46% of profit before tax.
This shows Equity’s expanding footprint and increasing influence across the region.
Equity’s total assets grew by 3% to Sh1.8 trillion in H1 2025, compared to Sh1.75 trillion in the previous year.
Government securities increased by 18% to Sh541 billion, and net loans expanded by 4% to Sh825 billion.
On the flip side,cash and cash equivalents declined by 9% to Sh311 billion.
On the liabilities side, deposits grew 2% to Sh1.32 trillion, signaling strong customer confidence.
Borrowed funds decreased by 9% to Sh103 billion, indicating prudent debt management.
Shareholders’ funds also saw a 25% increase to Sh287.9 billion, highlighting solid capital growth.
With its continued innovation and regional expansion, Equity Group says it is well-positioned to sustain growth and create long-term value for its stakeholders.
