Equity Group Reports KSh 15.4B Profit Amid Regional Growth in Q1 2025

Kenya's Equity Group reported a profit after tax of 15.4 billion Kenyan shillings (approximately $117.7 million) for the first quarter of 2025, marking a 4% year-on-year decline. Despite this, the group's net interest income increased by 3%, and loan loss provisions fell by 44%, reflecting prudent cost management and resumed growth across its regional operations. The Kenyan subsidiary showed strong performance with a 7% growth in deposits and a 50% rise in profit before tax, driven by increased revenue and non-funded income. Regional operations contributed significantly to the group's assets and profit, with notable growth in subsidiaries like Equity Bank Tanzania. However, the group's pretax profit declined by 8% to 18.7 billion shillings ($145 million), partly due to a 12% drop in net interest income. Overall, Equity Group's diversified business model and strategic focus on commercial, social, and sustainability priorities underpin its resilience amid challenging economic conditions.