By Mulengera Reporters
Nairobi, 27th March- Equity Group Holdings, the umbrella to which Equity Bank Uganda belongs, has announced a record pre-tax profit of Kshs 60.7 billion (UGX 1.88 trillion), reflecting the success of its strategic diversification, innovation, and regional expansion.
Profit after tax rose 12% to Kshs 48.8 billion (UGX 1.51 trillion), while earnings per share grew 11% to Kshs 12.3 (UGX 380.6). Nearly 50% of total assets and 54% of pre-tax profits were generated from its subsidiaries outside Kenya, underlining the Group’s strong regional presence.
Equity Bank Uganda has played a key role in this growth, with its customer base expanding significantly and deposits surpassing UGX 3.5 trillion. The bank continues to drive financial inclusion through digital banking and SME financing, empowering thousands of Ugandan businesses.
Its digital banking penetration aligns with the Group’s broader strategy, with 86% of all transactions now conducted via digital platforms. Equity Mobile alone processed transactions worth Kshs 3.17 trillion (UGX 98.3 trillion), marking a 67% increase.
The Group has proposed a Kshs 4.25 (UGX 131) per share dividend, maintaining a 34.5% payout ratio to reward shareholders. Equity’s non-performing loan ratio improved to 12.2%, outperforming the industry average, while the liquidity ratio remained strong at 57%, ensuring resilience in supporting businesses and households across its markets.
Beyond banking, Equity continues to lead in sustainability and social impact, with over 35 million trees planted and USD 200 million in climate finance extended.
Through the Young Africa Works initiative, the Group has disbursed Kshs 340.8 billion (UGX 10.6 trillion) to MSMEs, benefiting entrepreneurs across the region. The Equity Leaders Program has also provided scholarships to over 29,500 scholars, with 113 earning places at top global universities.
Equity Bank was ranked the 2nd strongest banking brand globally and the most valuable financial brand in East and Central Africa. The bank also won multiple awards, including Best Digital Bank, Best SME Bank, and Best in Trade Financing.
As Equity Group strengthens its regional presence, advances digital transformation, and expands financial inclusion, it remains committed to creating long-term value for shareholders, customers, and communities across East and Central Africa. (For comments on this story, get back to us on 0705579994 [WhatsApp line], 0779411734 & 041 4674611 or email us at mulengeranews@gmail.com).
