Equity Group Holdings has announced a half year 2025 net profit of Sh34.6 billion. This net profit represented a gain of 17 percent and was derived from a pre-tax profit of Sh41.5 billion.
During the period under review, net interest income increased by 9 percent to Sh59.3 billion. Non-funded income, though, decreased by 4 percent to Sh40.9 billion. The total income for the period came in at 100.2 billion which was a gain of 3 percent.
The bank’s assets increased by 3 percent to Sh1.8 trillion. In the same vein, deposits grew by 2 percent to Sh1.3 trillion.
The group further announced that during the period, loans had increased by 4 percent to Sh825.1 billion.
Non performing loans increased by 16.2 percent to Sh139.4 billion, with the Group’s provisions reducing 34 percent to Sh6.9 billion.
Equity Group Q1 2025 net profit drops 4 percent to Sh15.4 billion
The highest non performing loans segment was the Corporate segment with 24.5 percent. Out of the countries where the group has active operations, Kenya had the highest amount of non performing loans at 20 percent while Tanzania had the lowest at 2.9 percent.
“Our regional subsidiaries have contributed: 49 percent of deposits, 50 percent of the loan book, 48 percent of our assets, 50 percent of revenue and 46 percent of the profit before tax,” said Dr. James Mwangi, Equity Group Managing Director and chief executive officer.
“Our half year results demonstrate the power of combining a transformed organisation with an enabling environment. The capabilities we have built are already delivering strong outcomes, and if we remain persistent in executing our transformation agenda, the future holds even greater potential.”
Dr. Mwangi further announced that over the past three years, the Equity Insurance Group Assets have reached Sh31 billion. In the last six months alone, the Group’s first Insurance subsidiary Equity Life Assurance (ELAK) had a 20 percent increase in profit before tax to Sh890 million.
“We are no longer just a Kenyan banking group, but a financial group that brings banking and insurance together, recognizing that there has already been a convergence between banking, technology, and insurance,” said Dr. Mwangi.
