Equity Group has announced a Sh54.1 billion net profit for the first nine months of the year. The Equity Group Q3 2025 net profit was growth of 32.4 percent from the net profit of Sh40.9 billion that the banking group realized in the same period in 2024.
The net profit from banking alone came in at Sh53.3 billion. This represented a year on year growth of 37 percent. Among the banking group’s subsidiaries, Equity Bank Kenya led in profitability after contributing 58.3 percent of the total group’s profit.
The Kenyan unit returned a year on year growth of 51 percent and a net profit of Sh31.1 billion. In the same period the previous year, Equity Bank Kenya had returned a net profit of Sh20.6 billion. At the same time, Equity Bank Kenya’s cost-to-income ration decreased from 61 percent to 47 percent in the third quarter of 2025.
DR Congo came in second with a 21 percent year on year growth to Sh13.8 billion net profit. This unit contributed 25.9 percent of the total profit. Rwanda came in third with a year on year growth of 5 percent at Sh4 billion net profit which was equivalent to 7.5 percent of the total net profit for the group in the nine-month period.
Uganda and Tanzania returned Sh2.9 billion and Sh1.5 billion respectively in the period under review. The Ugandan unit had a 61 percent year on year growth while the Tanzanian unit had an 88 percent year on year growth.
According to Equity Group chief executive officer Dr James Mwangi, Rwanda was the most efficient subsidiary in the period despite coming third in profit contribution. At the same time, the subsidiaries in the region were larger than the Kenyan unit in deposits and loans.
Outside banking, Equity Group saw its health insurance arm Equity Health Insurance return a profit of Sh140 million.
Equity Group’s total assets in the period increased by 6.7 percent to Sh1.8 trillion while deposits grew by 2.2 percent to Sh1.3 trillion. Loans disbursed by the bank increased by 7.5 percent to Sh859 .8 billion.
Net interest income increased by 16.1 percent to Sh93.3 billion while non-funded income increased 2.5 percent to Sh62.7 billion. The total income went up 10 percent to Sh156 billion.
SEE MORE: How Equity Group half year 2025 net profit increased to Sh34.6 billion
