Equity Group made Ksh 54.1 billion in profit after tax during the first nine months of this year, representing a 32pc growth when compared to the same period last year.
According to the giant lender, the net profit growth in nine months to September was driven by 10pc increase in total operating income to Ksh 156.3 billion.
The stock of loans and advances to customers rose to Ksh 859.8 billion as at end of September 2025, up from Ksh 800 billion during a similar period last year.
From this, the lender booked Ksh 129.5 billion in total interest income, which is a 2.9pc increase on what Equity Group made during a similar period in last year.
This was mainly dragged by lower interest income on loans and advances that reduced to Ksh 77.8 billion, down from Ksh 79.4 billion in 2024.
Lower total interest expense helped push up the net interest income by 16.1pc to Ksh 93.6 billion.
In addition, total non-interest income marginally rose from Ksh 61.2 billion to Ksh 62.7 billion, mainly powered by higher fees and commissions.
On the expenses side, staff costs increased from Ksh 23.95 billion to Ksh 28.57 billion. The increase was however offset by other costs which resulted in total operating expenses marginally reducing to Ksh 90.68 billion.
Equity Group projects that its DRC subsidiary could out-perform the Kenyan subsidiary by 2027, mainly due to business opportunities in logistics and agriculture.
Non-performing loans increased 3.1pc to Ksh 129.2 billion shillings while total assets hit Ksh 1.82 trillion.
