Kenya: Equity Group Net Profit Rises 32pc to Sh54.1bn in Q3

Nairobi — Equity Group has posted a 32 percent rise in net profit to Sh54.1 billion in the third quarter (Q3) of 2025, up from Sh40.9 billion recorded in the previous quarter, driven by strong performance across its regional subsidiaries.

The Group attributed the growth to increased profitability in Kenya, Rwanda, Tanzania, and Uganda.

Equity Bank Kenya's profit after tax grew from Sh20.6 billion to Sh31.1 billion, while Equity Insurance Group reported a 36 percent rise in net profit and a 71 percent increase in gross written premiums.

The Democratic Republic of Congo (DRC) unit recorded a 21 percent growth in net profit to Sh13.8 billion. Equity Bank Uganda's profit rose to Sh2.9 billion from Sh1.8 billion, while Tanzania's subsidiary nearly doubled its profit to Sh1.5 billion from Sh800 million.

"The execution of the strategic business plan has started to reflect on the balance sheet and performance of the Group in agriculture, mining, manufacturing, trade and investment, and small and medium enterprises (SMEs)," said Equity Group Managing Director and CEO, Dr. James Mwangi. "This is likely to significantly and increasingly transform the structure and performance of the Group."

The lender's asset quality improved, with the Group's non-performing loan (NPL) ratio dropping to 12.1 percent in Q3 2025, from 14 percent in Q1 and 13.4 percent in Q3 2024. The improvement was largely supported by Equity Bank Tanzania, whose NPL ratio fell to 2.7 percent from 11.1 percent, and Equity Bank Uganda, which saw its NPL ratio decline to 8.8 percent from 20.9 percent.

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