By Mulengera Reporters
Equity Group Holdings has reported a 17% growth in profit after tax for the first half of 2025, rising to Kshs. 34.6 billion (about UGX 1.04 trillion) from Kshs. 29.6 billion (UGX 888 billion) last year.
The group achieved its highest-ever quarterly profit before tax of Kshs. 22.9 billion (UGX 687 billion) in the second quarter of 2025, despite a challenging business environment.
Regional subsidiaries continue to drive growth, contributing nearly half of total deposits, half of the loan book, and 46% of profit before tax.
Countries such as the DR Congo, Rwanda, Uganda, and Tanzania showed strong performance in loans, deposits, and profits, reflecting the bank’s successful expansion across East and Central Africa.
Equity Bank Uganda recorded impressive results, with profit after tax rising 40% to UGX 57 billion from UGX 42 billion. Return on assets increased to 3.4% from 2.2%, while return on equity grew to 25.1% from 17.1%. Deposits rose by 5% to UGX 2.9 trillion, cash and bank balances grew 11% to UGX 771 billion, and investment securities expanded 14% to UGX 1.1 trillion. Capital also increased by 9% to UGX 504 billion.
The group’s total assets grew to Kshs. 1.8 trillion (UGX 54 trillion), while net loans rose to Kshs. 825.1 billion (UGX 24.8 trillion), showing strong demand for credit across the region.
Equity Group’s growth reflects its transformation from a Kenyan bank into a regional financial powerhouse, strengthening services across Uganda and neighboring markets. (For comments on this story, get back to us on 0705579994 [WhatsApp line], 0779411734 & 041 4674611 or email us at mulengeranews@gmail.com).
