Equity Group Holdings, one of Africa’s leading banking conglomerates, has recorded an impressive net profit of $405 million (Sh54.1 billion) for the three months ending September 2025.
This marks a 32% increase from the $307 million (Sh40.9 billion) reported in the previous quarter. The Group attributed the remarkable growth to strong regional performance, greater operational efficiency, and the easing of global economic pressures that have helped stabilize Africa’s financial landscape.
“Our Q3 performance reflects the strength of our diversified tri-engine business model, operational efficiency, and continued commitment to transforming lives,” said James Mwangi, Managing Director and CEO of Equity Group, during an investor briefing in Nairobi.
According to Business Insider Africa, Mwangi explained that the Group’s momentum is being driven by its focus on empowering small and medium-sized enterprises, the use of advanced digital platforms, and its alignment with Africa’s broader socio-economic and sustainability priorities.
The Group’s subsidiaries across the continent continued to deliver strong results, contributing 45% of total earnings and 42% of overall net profits. Nearly half of Equity’s deposits, loans, and total assets now come from outside Kenya, underscoring its evolution into a truly pan-African financial powerhouse.
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In the Democratic Republic of Congo, Equity BCDC achieved a 21% profit increase to $104 million (Sh13.8 billion), while Uganda saw profits surge 61% to $22 million (Sh2.9 billion). Rwanda expanded its total assets to $921 million (Sh122.9 billion), and Tanzania nearly doubled its after-tax profit to $11 million (Sh1.5 billion).
“We are particularly proud of our regional subsidiaries, which have demonstrated resilience and contributed significantly to our overall performance,” Mwangi noted.
Despite its growing regional footprint, Kenya remains Equity’s strongest market.
Equity Bank Kenya contributed $233 million (Sh31.1 billion) in profit, rising from $155 million (Sh20.6 billion) in the previous quarter. Net interest income climbed 27% to $402 million (Sh53.6 billion), supported by a 34% drop in interest expenses.
The bank also maintained solid asset quality, with its non-performing loan ratio improving to 12.1%, compared to Kenya’s industry average of 17.1%. The lender’s Return on Average Equity reached 26.4%, while Return on Assets stood at 4.1%, ranking among the highest on the continent.
Outside core banking, Equity’s insurance division recorded a 36% increase in gross profit to $11 million (Sh1.46 billion), propelled by a 71% rise in gross written premiums to $49 million (Sh6.55 billion). The Group’s non-banking ventures, including technology and insurance, now contribute 3% of total revenue, up from 2.8% a year earlier.
With global inflation easing and African economies showing resilience amid geopolitical uncertainty, Equity Group’s latest results highlight renewed investor confidence in the region’s financial future. “By aligning with Africa’s socio-economic priorities, we are not just building a bank, we are driving inclusive growth and creating shared prosperity,” Mwangi emphasized.
Now with half its profits generated from outside Kenya, Equity Group’s steady regional expansion continues to reshape it from a domestic lender into one of Africa’s most influential financial institutions.
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Image Credit: The Radical Leap Group
