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Equity Group Holdings Plc has announced its Q3 2025 results, showcasing a robust performance driven by strategic transformation and resilience. The Group’s Profit After Tax surged 32% to Kshs 54.1…
Against a backdrop of continued macroeconomic headwinds of high interest rates and volatile exchange rates across the markets that the Group operates in, Equity Group Holdings Plc (EGH) continues to demonstrate resilience, with regional businesses contributing 51% of profit before tax and 48% of total assets to reach Kshs.1.7 trillion as of 30th September 2024. The Group, which has been named the top financial brand in Africa and the 2nd strongest bank Brand in the world by Brand Finance and backed by its motto of ‘’Growing Together in Trust’’, has seen its deposit franchise grow 9% year-on-year to Kshs.1.3 trillion,…
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Equity Group Holdings has bounced back stronger, recording Kshs.16 billion (USD 122 million) in profit after tax in the first quarter after reporting a 5% decline in profits for the year ended 31st December 2023. The Kshs. 16 billion profit is a 25% jump compared to a similar period last year. Differentiated strong leadership decision making, and an agile balance sheet drove the swift recovery. Bold decisive actions saw growth in deposits placements to 11% compared to the deposits growth of 29% registered for the year ended 31st December 2023, as the Group skipped expensive deposits. Growth in long-term borrowed…
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This April, Rwandans in Rwanda and the world over commemorate 30 years (Kwibuka30) after the ghastly genocide in which more than 1,000,000 Tutsi, were killed. But like the Rwandan President Paul Kagame, remarked at the Kwibuka30, this year’s commemoration is a mix of both “grief and gratitude in equal measure”. “We remember our dead and are also grateful for what Rwanda has become,” Kagame told friends of Rwanda at the ceremony held at the Kigali Genocide Memorial, in Kigali, Rwanda, on Sunday, April 7, 2024. The genocide began on April 7th 1994. The East African nation, under the leadership…
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Samuel Kirubi, the outgoing Managing Director of Equity Bank Uganda, has been promoted to the position of Group Group Chief Operating Officer (GCOO). He has been replaced by Anthony Kituuka, previously the Executive Director at the bank. In a statement this morning, Equity Group said that, Samuel, had in his seven years of duty in Uganda, turned around the entity from No 16 to the 5th most profitable bank in Uganda and the 6th largest bank in deposits and assets. “Samuel will oversee the enhancement of the Group’s capacity to deliver on its strategy by aligning people, processes, systems, commercial…
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Equity Group has returned strong quarter one results in a challenging environment amidst the multi-faceted Covid-19 crisis of health, economic disruption, and humanitarian challenges, giving hope of resilience and recovery. “Our strategy; purpose-first, inclusivity, affordability, reach, agility and quality have proven resilient and sustainable” said Dr. James Mwangi, the Equity Group CEO while releasing the first quarter of 2021 financial results. “Purpose has proved profitable” he added. During the multi-crisis year, Equity focused on social impact investment in health investing Kshs.1.7 billion in social response to society, forgoing Kshs.1.5 billion in waived mobile transaction fees, waiving Kshs.1.2 billion in loan…
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Recently, Equity Group crossed the Ksh1 trillion (UGX33.3trillion) rubicon becoming the first bank in Eastern and Central Africa to cross this mark. The milestone, according to the bank, was achieved upon successful migration of BCDC to Equity’s Finacle core banking platform. The one trillion mark by Equity lifts the visibility of the financial sector in Eastern Africa significantly to compete favorably with financial institutions in South Africa, West Africa and North Africa for project and development finance. Speaking when announcing this milestone from Kinshasa Congo where he was witnessing the migration of BCDC to Equity’s core banking platform, Equity Group…
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Equity Group has reported a 30% growth in its loan book from Kshs 348.9 billion (UGX11.8 trillion) in September 2019 to Kshs 453.9 billion (UGX15.4 trillion) as at 30th September 2020. While releasing the results for Q3 2020, Dr. James Mwangi, Group Managing Director and CEO said, “We grew our loan book by 30% year on year in order to support our customers who saw opportunities of green shoots and diversification in the COVID-19 environment. Most of the new opportunities we funded were in manufacturing of PPE’s, logistics, online businesses, agro- processing, fast moving consumer goods and agriculture value chains.”…
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Clement Dodoo, Ecobank Uganda’s former Managing Director has joined regional banking giants, Equity Group as the Group Director, Integrations, effective August 2020. Mr. Dodoo was Ecobank Uganda’s Managing Director until July 31, 2020. He was replaced by Annette Kihuguru, the bank’s long-serving Executive Director, in the Acting Managing Director role. When contacted by CEO East Africa via WhatsApp, Dodooe, confirmed his appointment but declined to divulge the full extent of his new role. Equity Group in August 2020 concluded the acquisition of a 66.53% stake in Banque Commerciale Du Congo (BCDC) at a cost of USD 95 Million. In…
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Equity Group Holdings has launched a new brand identity. The Group has unveiled a new unified brand identity, signalling its next frontier in delivering a seamless customer experience across markets and across demographic segments. Speaking when unveiling the new identity in Nairobi, Equity Group Managing Director and CEO Dr James Mwangi said, “The new identity matches the new realities, business model, customer segments and preferences, and the evolving digital space. It has preserved the essence of the Group’s brand retaining the best heritage from the past, while introducing the best of the future”. Equity maintains that the fresh identity…
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