Equity Group holdings registers strong recovery.

From left to right: Equity Group Chief Finance Officer, Moses Nyabanda, Equity Group Managing Director and CEO, Dr. James Mwangi and Equity Group Chief Internal Auditor, Beth Kithinji, during the Q1 2024 Investor Briefing event

Equity Group Holdings has registered a strong recovery recording a 25% growth in profit after tax to Kshs.16 billion for the period ended 31st March 2024 compared to a similar period last year.

Deposits grew by 11% to Kshs. 1,236.4 billion up from Kshs. 1,111.2 billion. Subsidiaries (banking and non-banking) contributed 65% of the Group’s profit after tax, speaking to the successful transformation to a financially integrated services group.

The insurance subsidiary achieved 4th position in the market with 9% market share respectively in its second year of operations and recorded 106% growth in profits and 54% return on average equity.

The Brand ascended to become the world’s second-strongest financial brand and the region’s most valuable brand.  

From left to right: Equity Group Chief Operating Officer, Samuel Kirubi, Equity Group Managing Director and CEO, Dr. James Mwangi and Mr. Mwai Kihu, a shareholder, during the Q1 2024 Investor Briefing event.

From left to right: Equity Group Chief Operating Officer, Samuel Kirubi, Equity Group Managing Director and CEO, Dr. James Mwangi and Equity Group Chief Finance Officer, Moses Nyabanda, during the Q1 2024 Investor Briefing event.

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