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Originally published by Capital Business
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business
August 19, 2026
1mo ago

Equity Group H1 profit after tax rises 32pc to Sh45.5bn

Equity Group H1 profit after tax rises 32pc to Sh45.5bn

The lender attributed the growth to a 17 percent increase in net interest income to Sh69.3 billion from Sh59.3 billion, supported by growth in lending...

✨ Key Highlights

Equity Group announced a significant increase in its financial performance, with its profit after tax for the first half of 2026 soaring by 32 percent.

  • Profit after tax reached Sh45.5 billion, up from Sh34.6 billion in the same period last year.
  • The strong results were driven by a 17 percent rise in net interest income and a 36 percent increase in non-funded income, which now accounts for 44.5 percent of total income.
  • Dr. James Mwangi, Group Managing Director and CEO, attributed the performance to resilient economic growth across the regions where Equity Group operates, highlighting strong contributions from subsidiaries in Tanzania and the Democratic Republic of Congo.

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Equity Group H1 profit after tax rises 32pc to Sh45.5bn - August 2026

Equity Group announced a significant increase in its financial performance, with its profit after tax for the first half of 2026 soaring by 32 percent. This follows similar strong results from Sidian Bank, which reported a 28.9 percent rise in half-year net profit to Sh1.21 billion, driven by strong performance in its lending and investment portfolios. Meanwhile, private debt is emerging as a vital alternative financing source for Kenyan micro, small, and medium enterprises, offering flexible solutions amid challenges with traditional credit access.

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