Tuesday, August 19, 2025

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Tag: Equity Group

Group photo of ELP Scholars who will be flying to different global universities with Equity Bank's Executive Director Mr. Claver Serumaga and Equity Group Foundation Board Director, Mr. Sam Bwaya.

Events

128 Equity Leadership Scholars admitted to global universities

August 13, 2025

From Left to Right: Equity Life Assurance (Kenya) Limited Managing Director, Angela Okinda, Equity Group Managing Director and CEO, Dr. James Mwangi, Director Equity Group Foundation Operations, Dr. Joanne Korir and Equity Bank Kenya Managing Director, Moses Nyabanda, during the Half Year 2025 Investor Briefing event. Equity Group Holdings posted a 17% growth in Profit After Tax to Kshs. 34.6 billion up from Kshs. 29.6 billion for the period ended 30th June 2025, achieving its strongest quarterly performance in history with a Profit Before Tax of Kshs. 22.9 billion in Q2 2025. Total assets grew by 3% year on year to Kshs. 1.8 trillion, while customer deposits rose by 2% to Kshs. 1.32 trillion. Net loans increased by 4% year on year to Kshs. 825.1 billion. Regional subsidiaries contributed 49% of total deposits, 50% of the loan book, and 46% of profit before tax, with markets such as DRC, Rwanda, Uganda, and Tanzania recording strong growth in profitability, deposits, and loans. This performance underscores Equity’s successful transformation from a Kenyan bank into a regional financial powerhouse with an expanding footprint across East and Central Africa.

Business

Equity Group’s half-year net profit rises to Kshs 34.6 billion from Kshs 29.6 billion

August 12, 2025

Claver Serumaga.

Business

Who is Claver Serumaga, the new Equity Bank Uganda Executive Director?

Equity Group Managing Director and CEO, Dr. James Mwangi.

Business

Equity Group secures approval to open UAE office

Business

Equity Group shareholders endorse strategic growth at 21st AGM, approve Shs444.9 billion dividend and expansion into UAE

From L-R: Equity Bank Uganda Executive Director, Claver Serumaga, Equity Group Managing Director and CEO, Dr. James Mwangi and Equity Bank Uganda Managing Director, Gift Shoko, during the Quarter One 2025 Investor Briefing event.

Business

Equity Group posts UGX 423.5 billion profit amid strong regional growth

State Minister of Finance in charge of Investment and Privatization, Hon. Evelyn Anite, with Equity Bank officials during the Equity Trade Mission at Four Points by Sheraton, Kampala, Uganda.

Business

Equity Group rallies global investors in week-long trade mission to unlock opportunities in Tanzania and Uganda

Business

Equity Group recognized as a Superbrand in East Africa

From L-R: Sally Jepkorir, a Shareholder, Equity Group Chairman, Prof. Isaac Macharia, Equity Group Managing Director and CEO, Dr. James Mwangi and Daniel Kimotho, a Shareholder, during the Full Year 2024 Investor Briefing event. Equity Group Holdings has registered 12% growth in Profit After Tax to USh 1.39 trillion up from USh 1.24 trillion for the period ended 31st December 2024, reinforcing the continued success of the Group’s diversified business model and prudent financial management. The Group’s Profit Before Tax grew by 17% to USh 1.73 trillion, while Earnings Per Share (EPS) rose by 11% to USh 351. Regional operations contributed 49% of total assets and 54% of profit before tax. As a demonstration of commitment to its shareholders, the Group proposed a dividend of USh 121 per share, a payout ratio of 34.5%, reinforcing its track record of delivering value to its shareholders.

Business

Equity Group posts UGX 1.7 trillion pre-tax profit, fueled by strong growth strategy

Gift Shoko.

Business

Equity Bank Uganda appoints Gift Shoko as new Managing Director

January 14, 2025

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