Subsidiaries power Equity Group H1 net profit to Ksh 45B
Equity Group has posted a profit after tax of Ksh 45.5 billion in six months of the year to June on stong performance by its regional subsidiaries. The lender net profit rose by 32% from Ksh 34.6 billion recorded during the corresponding period last year backed by higher income which rose to Ksh 124.9 billion […] The post Subsidiaries power Equity Group H1 net profit to Ksh 45B appeared first on…
Equity Group reported a net profit after tax of Ksh 45.5 billion for the first half of 2026, marking a 32% increase from the Ksh 34.6 billion recorded in the same period last year. This growth can be attributed to higher income, which rose by 25% to Ksh 124.9 billion. Equity Tanzania led the charge with an 82% increase in net profit to Ksh 2 billion, while Equity Bank Kenya saw a 32% increase in Profit After Tax to Ksh 25.7 billion.
Dr James Mwangi, Equity Group's Chief Executive Officer, attributed the strong performance to the company's transformation agenda, which focuses on resilience, diversification, and technology enablement.
Brief written by urgent.news from KBC's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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- Equity Group H1 profit after tax rises 32pc to Sh45.5bn capitalfm.africa
