Equity Group has reported a 32% increase in Profit After Tax (PAT) to KSh45.5 billion for the first half of 2026 from the KSh34.6 billion reported in the same period last year.
The growth was driven by stronger income, improved balance sheet quality, growing contributions from regional subsidiaries and increased non-funded income.
Total income rose 25% to KSh124.9 billion, while net interest income increased 17% to KSh69.3 billion. Non-funded income grew 36% to KSh55.6 billion, now accounting for 44.5% of the Group’s total income.
Equity’s balance sheet expanded 20% to KSh2.16 trillion, supported by a 21% increase in customer deposits to KSh1.59 trillion and a 19% rise in net loans to KSh981 billion.
The Group also highlighted continued growth in digital banking, with 98.3% of transactions now taking place outside branches and 89.7% processed through digital platforms.
Technology and AI remain central to Equity’s transformation strategy. The Group said 82% of its staff have completed a business-focused generative AI course, while employees collectively completed nearly 120,000 hours of guided AI training. A further 406 staff have been admitted to Masters programmes in Financial Engineering and Applied AI through WorldQuant University.
“We are evolving beyond traditional banking into an integrated tech enabled financial institution that mobilizes capital, connects ecosystems, and accelerates inclusive, sustainable prosperity across Africa,” said Dr James Mwangi, Equity Group Managing Director and CEO.
Regional operations continued to strengthen, contributing 42% of Group banking profitability and 47% of banking revenue. Equity BCDC in the Democratic Republic of Congo recorded a 30% rise in PAT to KSh11.8 billion, while Equity Rwanda grew PAT by 12% to KSh2.9 billion. Equity Tanzania recorded an 82% increase to KSh2 billion.
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Also Read: Equity CEO James Mwangi Pushes ‘Tech + Money’ Model to Unlock Africa’s Digital Economy