Equity Bank Posts Over KSh 22 Billion in Profit for Half Year 2025: "Highest Ever Made"
- Equity Bank Group announced growth in profit after tax of KSh 22.9 billion in the Half Year 2025
- Equity Group managing director (MD) and CEO James Mwangi said the quarterly profit is the highest ever recorded
- Mwangi attributed the growth in profit to the disruption in the bank's business model and transformation
Wycliffe Musalia has over six years of experience in financial, business, technology, climate, and health reporting, providing deep insights into Kenyan and global economic trends. He currently works as a business editor at TUKO.co.ke.
Equity Bank Group has posted significant growth in net profit of over KSh 22 billion for the Half Year 2025.
Source: Twitter
The managing director (MD) and CEO, James Mwangi, said the KSh 22 billion profit is the highest quarterly profit ever to be reported by the bank.
What's Equity Bank's quarterly profit
The lender posted KSh 22.9 billion in profit for the period under review, up from KSh 18.6 billion reported in Q1 of 2025.
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Speaking during the release of the Half Year 2025 on Monday, August 11, Mwangi attributed the growth in profit to disruption in the bank's business model and transformation in regional business.
"KSh 22.9 billion is the highest quarterly profit we have ever made in the history of Equity. We have innovated a new Equity. This achievement wasn’t about optimising the business we had, but about disrupting our existing business model and completely transforming it.
"The biggest transformation we’ve seen has been in Tanzania, where the entire business has experienced remarkable growth, strengthening our presence and impact in the region. It has hit 4% on Return on Assets and 27% on Return on Equity.," said Mwangi.
The CEO noted that less than 2% of the bank's customers are using the traditional infrastructure of branches, with the rest utilising digital products and services.
Source: UGC
Equity Bank's quarterly profit performance
The last highest profit recorded above KSh 20 billion was KSh 20.4 billion posted in Q1 of the financial year 2024.
Equity Bank has been posting quarterly profits of below KSh 11 billion in the past years to Q1 of 2021, when it hit KSh 11.7 billion.
In Q4 of 2024, the lenders' profit fell below KSh 11 billion, standing at KSh 9.7 billion, down from KSh 13.9 billion in Q3.
Mwangi revealed that Equity Bank managed to maintain its non-performing loan (NPL) at 13.7%, below the industry rate of 17%.
Equity Bank full-year profit
In 2024, the lender posted KSh 48.8 billion in net profit for the 12 months ending December, representing a 12% increase from KSh 43.7 billion in the previous year.
CEO Mwangi attributed the growth in profit to the diversification of the business model and prudent financial management.
Equity Group successfully diversified into other businesses, including insurance.
The bank also lowered its base lending rate three times in six months during the same period under review.
Proofreading by Jackson Otukho, copy editor at TUKO.co.ke.
Source: TUKO.co.ke
