Equity Q1 2025 Results: Ksh 15.4B Profit Fuels Digital Banking Growth

Equity Group has released its Equity Q1 2025 Results, showcasing steadfast financial performance amid a dynamic economic environment. The Group posted a Profit After Tax (PAT) of Kshs 15.4 billion, indicating careful cost management and strong growth of its regional businesses.

Total assets up by 4% on an annual basis to Kshs 1.75 trillion, while deposits by customers skyrocketed by 7% to Kshs 1.32 trillion. Net loans increased by 3% to Kshs 804.7 billion amid high demand in the East and Central Africa markets.

Regional subsidiaries, contributing 47% of total assets and 45% of profit before tax, attest to Equity’s strategic position as a cross-border financial services powerhouse. Key markets like Kenya, Tanzania, Rwanda, and the DRC witnessed strong loan growth coupled with deposit inflows.

The Equity Q1 2025 numbers show this Group’s diversified business model in commercial banking, fintech, insurance, and investment services. The Kenyan subsidiary grew deposits by 7% and revenues by 19%, while Equity Bank Tanzania soared with 540% growth in profit before tax.

Digital channels kept evolving the way customers interact, with 87% of transactions happening digitally. Platforms such as Equity Mobile and Equitel went record-breaking on their transaction volumes, bringing about 23% growth in non-funded income.

Strong asset quality was maintained, with the Non-Performing Loan ratio below the industry average of 14%, with coverage at 67%, further strengthening the Group’s discipline in credit management.

Shining through non-banking entities within the Group, including investment banking and insurance businesses, are strong profit contributors, with the insurance unit recording a 27% growth in profit before tax.

Equity’s Africa Recovery and Resilience Plan (ARRP) continues to promote key partnerships for financial inclusion, with particular emphasis on MSMEs led by women and youth, and these efforts are backed by guarantees worth over Kshs 27 billion.

Dr. James Mwangi, Equity Group Managing Director and CEO, stated, “Our Equity Q1 2025 Results demonstrate resilience and agility in a challenging market. The strength of our regional subsidiaries and digital platforms positions us to sustain growth and deepen financial empowerment across Africa.”

Having a Return on Equity of 23.9% and a Return on Assets of 3.5%, the Group sustains a strong financial health, aided by strong liquidity and capital buffers.

As Equity Group continues to strategically expand and diversify, the Equity Q1 2025 Results bear testament to its place as one of the leading regional banking groups committed to innovation, inclusion, and sustainable economic development.

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