Equity group posts KSh 34.6b half-year profit on higher interest income

Equity Group has posted a 17 percent rise in profit after tax to 34.6 billion shillings for the half year ending June 2025, up from 29.6 billion shillings a year earlier. The growth was driven by higher interest income, lower interest expenses, and reduced loan loss provisions. The lender reported a profit before tax of 22.9 billion shillings in the second quarter, well above its four-year average of 14.8 billion. Regional subsidiaries posted strong gains, with profits rising 40 percent in Kenya and Uganda, 75 percent in Tanzania, and 22 percent in the Democratic Republic of Congo. These operations now account for about half of the Group’s deposits, loans, and revenue.