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TodayTuesday, April 28, 2026

Equity Group Holdings

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

Equity Group Posts Record 55% Surge in Profit to KSh75.5b: Uganda Bounces Back With 500% Growth in Net Profit – A Defining First Year for MD Gift Shoko

Equity Group Holdings has delivered one of the most remarkable financial performances in East Africa’s banking history, posting a 55% surge in profit after tax to KSh75.5 billion in FY2025, up from
March 18, 2026
From Left to Right: Equity Group Non-Executive Chairman, Prof. Isaac Macharia, Equity Group Managing Director and CEO, Dr. James Mwangi, and Equity Bank Tanzania Managing Director, Isabela Maganga, during the Q3 2025 Investor Briefing event. Equity Group Holdings Plc posted a 32% growth in Profit After Tax to Kshs. 54.1 billion, up from Kshs. 40.9 billion in the same period last year, marking another quarter of strong performance and resilience. The Group maintained solid profitability with Return on Average Equity of 26.4% and Return on Average Assets of 4.1%, supported by a 16% growth in net interest income and continued efficiency improvements that reduced the cost-to-income ratio to 50.6% up from 55.1%. Regional subsidiaries remained key growth drivers, contributing 45% of Profit Before Tax, 50% of deposits, and 53% of the loan book, with DRC, Rwanda, Uganda, and Tanzania recording robust gains in profitability, deposits, and loans. The results reflect Equity’s ongoing transformation into a diversified, technology-driven regional financial powerhouse with an expanding footprint across East and Central Africa.

Equity Group Announces Strong Q3 2025 Results, Recording A 32% Growth In Profit After Tax Reflecting Strategic Transformation

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 billion up
October 31, 2025
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L-R: Equity Bank Kenya Managing Director, Moses Nyabanda, Equity Group Managing Director and CEO, Dr. James Mwangi and Equity Group Chief Internal Auditor, Beth Kithinji, during the Q3 2024 Investor Briefing event.

Equity Group Holdings PLC Reports 3rd Quarter 2024 Profit After Tax of Kshs 40.9 Billion

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,
November 12, 2024
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Equity Group Chief Finance Officer, Moses Nyabanda, Equity Group Managing Director and CEO, Dr. James Mwangi and Equity Group Chief Internal Auditor, Beth Kithinji, during the Q1 2024 Investor Briefing event

Equity Group reports strong financial recovery with Kshs.16 billion profit in first quarter results

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
May 15, 2024
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Some of the Rwandan Chief Executives at the forefront of Rwanda's transformation. Top Row, Left-Right: Francis Gatare, CEO, Rwanda Development Board (RDB); Yvonne Manzi Makolo, CEO Rwandair, Louis-Antoine Muhire, Founder & CEO, Mergims; Hodari Jean Chrysostome, CEO, Sanlam Vie Plc; Dr. Diane Karusisi, CEO, Bank of Kigali and Rosine Uwamariya, Rwanda Country Director, TradeMark Africa. Middle Row, Left-Right: Nick Barigye, CEO, Kigali International Financial Centre (KIFC); Cleophas Barore, CEO, Rwanda Broadcasting Agency (RBA); Kampeta Pitchette Sayinzoga, CEO, Development Bank of Rwanda (BRD) Plc; Marc Rugenera, Managing Director, Radiant Insurance; Andrew Kulayigye, CEO, Britam Rwanda and Grace Nishimwe, Director General & Chief Registrar of Land Titles, National Land Authority. Bottom Row, Left-Right: Israël Bimpe, CEO Irembo (Rwanda Online); Lina Mukashyaka Higiro, CEO, NCBA Rwanda; Hannington Namara, Managing Director, Equity Bank Rwanda Plc; Jean Claude Gaga, Managing Director, Airtel Mobile Commerce Rwanda (Airtel Money); Regis Rugemanshuro, CEO, Rwanda Social Security Board (RSSB) and Patience Mutesi, CEO, BPR Bank Rwanda Plc.

RWANDAN CEOs FIXING RWANDA⎮The unstoppable rise of the homegrown Rwandan CEO 

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,
April 10, 2024
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Equity Group MD & CEO Dr. James Mwangi (centre), Equity Group Board Chair Prof. Isaac Macharia (left) & Equity Group Executive Director Mary Wamae (right) discuss the quarter one 2021 results during the investor briefing. Equity Group has registered 54% growth in total assets to Ksh 1.07 trillion, 58% growth in customer deposits to Ksh 790.6 billion, 29% growth in loans to Ksh 487.7 billion & 67% growth in profit before tax to Ksh 11.7 billion. Courtesy photo

Equity Group withstands Covid-19; records 64% growth in Q1 2021 net profit

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;
May 27, 2021
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Equity Uganda Board Chairman Apollo Makubuya (left) and Bank of Uganda Executive Director Bank Supervision Dr. Tumubweine Twinemanzi (2nd left) cut a cake to symbolise the start of a new journey for Equity. Looking on is Executive Director Uganda Bankers Association Wilbroad Humphreys Owor (2nd right) and Equity Uganda Managing Director Samuel Kirubi (right). Courtesy photo

What it means for Equity to Cross the Ksh1 Trillion Balance Sheet Mark

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
December 29, 2020
Dr. James Mwangi, Equity Group Managing Director and CEO says the group has strengthened its business model to achieve an embedded shared value concept in our twin engine of social and economic aspirations and deliverables

Equity Grows Loan Book By 30% to Support Customers and Keep Economy Lights on

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
November 18, 2020
With over two decades experience in banking, Clement Dodoo has a string of turnaround successes at three of Ecobank’s operations in Uganda, Rwanda and Sierra Leone.

Clement Dodoo, Ecobank Uganda’s former boss, joins Equity Group as Group Director, Integrations

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
October 19, 2020
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