T
Originally published by The Standard BusinessOctober 31, 2025
9h ago
Regional units push Equity profit to Sh52.1b as Kenyan economy slows
Equity Group has reported a 32.66 per cent surge in its third-quarter net profit, which climbed from Sh39.2 billion in the previous year to Sh52.1 billion,...
✨ Key Highlights
Equity Group reported a significant surge in its third-quarter net profit, reaching Sh52.1 billion, a 32.66 percent increase, largely propelled by the strong performance of its regional subsidiaries. This growth comes despite an economic slowdown in Kenya, highlighting the success of the bank's strategy to expand beyond its domestic market.
- Equity Group's net profit rose to Sh52.1 billion from Sh39.2 billion in the previous year.
- CEO James Mwangi stated that 49 percent of the group's banking revenue originated from outside Kenya, with subsidiaries in DRC and Tanzania showing substantial profit growth.
- Despite challenging economic conditions in Kenya, Equity Bank Kenya posted a 51 percent growth in profit after tax to Sh31.1 billion, and the group holds an additional Sh600 billion in cash for future market recovery.
Continue Reading
Read the complete article from The Standard Business
