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Originally published by The Standard Business
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May 20, 2026
54m ago

Equity Q1 net profit up 24pc to Sh18.3b on regional units

Equity Q1 net profit up 24pc to Sh18.3b on regional units

Equity’s regional expansion paid off, becoming the primary engine of earnings...

✨ Key Highlights

Equity Group, Kenya's largest bank by customers, has reported a 23.8% increase in its first-quarter net profit, reaching Sh18.3 billion. This growth was largely propelled by strong performance from its regional subsidiaries.

  • The bank's net profit surged from Sh14.8 billion in the same period last year, with regional units contributing 50% of the overall profitability.
  • Equity Group saw its total income rise by 15% to Sh55.3 billion, with both interest and non-funded income showing significant growth.
  • Subsidiaries in Tanzania, Rwanda, and the Democratic Republic of Congo experienced substantial profit increases, underscoring the success of the Group's pan-African strategy.

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