Equity Group Holdings has reported a 32 percent rise in net earnings for the first six months of the year, lifted by growing contributions from its regional subsidiaries.
Net profit climbed to Ksh.45.5 billion in the period under review, up from Ksh.34.6 billion in the corresponding half last year.
Equity Group Managing Director James Mwangi said the results reflect a backdrop of resilient regional economic growth.
“Equity’s half-year 2026 performance is the outcome of a multi-year transformation agenda focused on resilience, diversification, and technology enablement,” Mwangi said.
He said the Group had repositioned its operating model, strengthened its regional presence, and invested heavily in digital and AI-enabled capabilities, moves he described as central to building an institution equipped to compete in the future.
Net interest income strengthened 17 percent to Ksh.69.3 billion from Ksh59.3 billion, reflecting the depth of the Group’s lending franchise and disciplined balance sheet management. Total income grew 25 percent to Ksh.124.9 billion from Ksh100.2 billion, driven by a sharp rise in non-funded income, which expanded 36 percent to Ksh55.6 billion from Ksh40.9 billion.
Non-funded income now accounts for 44.5 percent of the Group’s total income, up from 40.8 percent in the same period last year, underscoring the strength of Equity’s multiline business model, geographic diversification and revenue quality mix.
The balance sheet continued its upward trajectory, expanding 20 percent to Ksh.2.16 trillion. This growth was anchored by a 21 percent rise in customer deposits to Ksh.1.6 trillion and a 19 percent increase in net loans to Ksh.981 billion, pointing to sustained customer confidence and strong credit demand across the markets where Equity operates.
Shareholders’ funds grew 27 percent to Ksh.350 billion, reinforcing the Group’s capital strength. Equity now serves 23.3 million customers across its various digital platforms.
