Wednesday, July 9, 2025
UG Standard - Latest News
  • Home
  • News
    • DIPLOMACY
    • COURT
    • AFRICA
    • BOOK REVIEW
    • INTERVIEW:
    • National
    • Parliament
    • World
    • Regional
  • Business
    • AGRIBUSINESS
    • OIL & GAS
    • REAL ESTATE
    • TECH
    • INNOVATIONS
    • TELCOM
  • OpED
  • EDUCATION
  • INVESTIGATION
    • NATIONAL ARCHIVE
    • SPECIAL REPORT
    • ANALYSIS
  • FEATURES
    • SOCIETY
    • Community
    • Pictorial
    • PROFILES
    • Lifestyle
    • Health
    • ENVIRONMENT
  • Tours & Travel
    • Hotel & Hospitality
  • Sports
  • About Us
  • Login
UG Standard - Latest News
ADVERTISEMENT

Equity Group’s Total Assets Reach Kshs 1.7 Trillion, Driven by Regional Expansion

by JOSEPH NSIMBI | UG STANDARD REPORTER
27/03/2025
in Business, News, Regional
Reading Time: 2 mins read
A A
0
Share on FacebookShare on Twitter
The Group's insurance arm reported a profit before tax growth of 58% to Kshs 1.5 billion. The Group's digital channels now process 86% of all transactions, enabling customers to access a seamless, digital-first experience.
The Group’s insurance arm reported a profit before tax growth of 58% to Kshs 1.5 billion. The Group’s digital channels now process 86% of all transactions, enabling customers to access a seamless, digital-first experience.

NAIROBI, Kenya — Equity Group Holdings Plc has reported a profit before tax of Kshs 60.7 billion for the full year 2024, driven by strategic diversified growth.

The Group’s profit after tax grew by 12% to Kshs 48.8 billion, while earnings per share increased by 11% to Kshs 12.3. The total assets grew to Kshs 1.7 trillion, with the Group’s regional subsidiaries contributing 49% of total assets and 54% of profit before tax.

Related posts

Museveni kicks off PDM tour in Wakiso, vows support

09/07/2025
154
KCB Bank Uganda launches "Kyaddala ne KCB" campaign to reward savers with school fees, shopping vouchers, land, and more, fostering financial wellness nationwide.

KCB Bank to give out school fees, shopping vouchers to savers in new campaign

05/07/2025
164
George William Kiyingi, PostBank's Head of Agent Banking and Fintech Distribution, highlights how the Wendi digital wallet has surpassed UGX 1 trillion in PDM disbursements

Wendi Digital Wallet surpasses UGX 1 Trillion in PDM disbursements

03/07/2025
165
Rotary District 9213 Gov. Geoffrey Kitakule speaks at a press conference Tuesday at Protea Hotel Kampala.

New Rotary Governor Kitakule calls for collaboration as new year begins

01/07/2025
229

“We are proud of the resilience demonstrated by the Group amidst a challenging global economic landscape,” said Dr. James Mwangi, Equity Group Holdings Plc Managing Director and CEO. “Our financial strength gives us the flexibility to seize opportunities as the regional economy presents diversified levers for growth.”

The Group’s total deposits grew to Kshs 1.4 trillion, with the customer base growing to 21.6 million. The Group’s liquidity position remains strong, with cash and cash equivalents rising by 19% to Kshs 345 billion.

The Group’s insurance arm reported a profit before tax growth of 58% to Kshs 1.5 billion. The Group’s digital channels now process 86% of all transactions, enabling customers to access a seamless, digital-first experience.

Equity Group has also continued to invest in technology, infrastructure, and diversification. The Group has modernized its digital channels and has launched ONE Equity, an integrated digital platform that allows customers to access a wide range of products and services under a single umbrella.

The Group’s commitment to sustainability is further highlighted by its focus on nature restoration and its adoption of the Taskforce for Nature Finance Disclosure (TNFD) and African Natural Capital Alliance (ANCA) frameworks.

Equity Group has also been recognized for its excellence in various categories, including being ranked as the 2nd strongest banking brand in the world by Brand Finance. The Group’s insurance arm was also recognized as the Best Insurance Provider.

The Equity Leaders Program (ELP) continues to make a significant impact, with 113 scholars having received full scholarships to pursue university education in top global universities. The program has already produced over 970 global scholars on full scholarship.

In promoting economic empowerment, 2,477,358 women and youth received training in financial education, with 634,059 MSMEs receiving capacity building in entrepreneurship. Under the Young Africa Works Program, Kshs 340.8 billion has been disbursed to 323,303 MSMEs.

The Group’s social protection programs have reached 5.79 million individuals, with Kshs 164.2 billion disbursed via cash transfers. In health, the Equity Afya Clinics have cumulatively recorded 3,343,889 patient visits across 132 outpatient medical centers.

Dr. Mwangi concluded, “Equity Group remains committed to driving positive change. Our focus on financial inclusion, regional expansion, and sustainable growth will enable us to continue being a catalyst for economic empowerment and resilience across Africa.”

Share this:

  • Share
  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on X (Opens in new window) X
  • Click to share on LinkedIn (Opens in new window) LinkedIn
  • Click to share on X (Opens in new window) X
  • Click to share on Pinterest (Opens in new window) Pinterest
  • Click to share on Telegram (Opens in new window) Telegram
  • Click to share on WhatsApp (Opens in new window) WhatsApp

Like this:

Like Loading...

Related

Tags: bankingdigital channelsEquity GroupFinanceFinancial ResultsInsuranceonline transactionsProfittop

Related Posts

 Abbas urges U.S. to compel Israel to stop violations against Palestinians
News

 Abbas urges U.S. to compel Israel to stop violations against Palestinians

05/11/2022
0
306

Abbas urges U.S. to compel Israel to stop violations against Palestinians RAMALLAH, Nov. 4 (Xinhua) -- Palestinian President Mahmoud Abbas...

Read moreDetails
Equity ranked 4th strongest banking brand globally on brand strength, scoring 92.4 points out of 100

 Equity Bank Under Scrutiny for Alleged Role in UGX.3bn Fake Gold Scam

09/07/2024
618
Minister of Health Dr. Ruth Aceng and Permanent Secretary Dr. Diana Atwiine pay their respects at the burial of Dr. Joshua Musinguzi, a champion in the fight against HIV/AIDS in Uganda. Their presence honors his legacy and dedication to improving healthcare in Uganda.

 FULL LIST: Health Service Commission Shortlists Applicants for Key Roles

18/06/2025
1.2k
Kabuleta and other opposition politicians have teamed up to put an end to Museveni's leadership

 Kabuleta, other opposition politicians team up to put an end to Museveni’s leadership

27/02/2024
498
Load More

Popular Articles

  • Check out the top schools with pupils who scored 6 in 4 aggregates in the 2024 PLE results, as released by UNEB

    PLE 2024 Results: Top Schools with 6 in 4 Aggregates

    4370 shares
    Share 1748 Tweet 1093
  • How to Renew Your National ID Online: NIRA Pre-Registration Portal 2025 Guide

    3999 shares
    Share 1600 Tweet 1000
  • NIRA unveils high-tech National ID, mass enrollment set to begin

    2665 shares
    Share 1066 Tweet 666
  • FULL LIST: Ministry of Education, NCDC publish self-study workbooks amid COVID-19 lockdown

    3323 shares
    Share 1348 Tweet 823
  • How to Check PLE Results 2024 on Phone, Online

    1784 shares
    Share 714 Tweet 446
  • PLE 2024 Results: UNEB Clarifies on Release Date

    1650 shares
    Share 660 Tweet 413
  • MPs clear govt to cancel 2020 academic year

    2796 shares
    Share 1150 Tweet 686

Recent Articles

PostBank Uganda highlights its commitment to agricultural development through innovative financial solutions at the National Agricultural Show.

PostBank Showcases Innovative Financial Solutions for Farmers at National Agricultural Show

09/07/2025
Wakiso District gets new road project as President Museveni breaks ground for Shs 56bn Bukasa-Ssentema-Kakiri Road, set to enhance connectivity and economic development

Museveni flags-off construction of Bukasa- Ssentema- Kakiri Road 

09/07/2025
The Stanbic team together with Busitema University staff led by the Vice Chancellor Prof. Paul Waako(in suit), posing for a photo with some of the graduates.

Stanbic Bank funded Youth-skilling programme graduates 100 at Busitema University

09/07/2025
Some of the participants engaging in a cleaning exercise in Busabala, in preparation of the football tournament

Kampala Youth to showcase talent through Football tourney

09/07/2025

Museveni kicks off PDM tour in Wakiso, vows support

09/07/2025

Outrage in Rushenyi: Health Centres Caught in Storm Over Allegedly Stolen Campaign Donations

08/07/2025

Court convicts four Lira District officials for fraudulently procuring a land title on a Forest Reserve

08/07/2025

Recent CommentsRecent Comments

  • The Journey of Ibrahim Traoré on How President Ibrahim Traoré’s ambitious vision is driving Burkina Faso’s economic growth push
  • Ugandan Scientists Finalists For European Inventors Prize — Press Uganda on Ugandan scientists finalists for European inventors prize
  • Government Pumps UGX1 Trillion Into UDB To Drive Industrialization, SME Growth — Press Uganda on Government pumps UGX1 Trillion into UDB to drive Industrialization, SME growth
  • PS Ggoobi Tips On Building USD 500b Economy — Press Uganda on PS Ggoobi tips on building USD 500b economy
  • Museveni Meets German Envoy Matthias Schauer After Subversion Claims — Press Uganda on Museveni meets German envoy Matthias Schauer after subversion claims

UG Standard - Latest News

UG Standard, published via www.ugstandard.com isa publication of Sahel Media Solutions Ltd, a professional Digital/New Media company in Uganda info@ugstandard.com

Follow us on social media:

Latest News

  • PostBank Showcases Innovative Financial Solutions for Farmers at National Agricultural Show
  • Museveni flags-off construction of Bukasa- Ssentema- Kakiri Road 
  • Stanbic Bank funded Youth-skilling programme graduates 100 at Busitema University
  • Kampala Youth to showcase talent through Football tourney
  • Museveni kicks off PDM tour in Wakiso, vows support
  • Outrage in Rushenyi: Health Centres Caught in Storm Over Allegedly Stolen Campaign Donations

OpED

HELLEN MASIKA: From Darkness to Solar Light in Kijumba 

Why de-register a Motor Vehicle in Uganda: and Consequences of Non-Compliance

Challenges of taxing law firms in Uganda

SHEILA ABOTH: Maternal healthcare must be everyone’s business because it takes a village

DARIUS NIWAHA KISHAHO: Securing Health After Retirement: Why a Post-Retirement Medical Cover is a Necessity, Not a Luxury

© 2024 Ugstandard - Latest News by Digital/New Media company.

Welcome Back!

Sign In with Facebook
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • DIPLOMACY
    • COURT
    • AFRICA
    • BOOK REVIEW
    • INTERVIEW:
    • National
    • Parliament
    • World
    • Regional
  • Business
    • AGRIBUSINESS
    • OIL & GAS
    • REAL ESTATE
    • TECH
    • INNOVATIONS
    • TELCOM
  • OpED
  • EDUCATION
  • INVESTIGATION
    • NATIONAL ARCHIVE
    • SPECIAL REPORT
    • ANALYSIS
  • FEATURES
    • SOCIETY
    • Community
    • Pictorial
    • PROFILES
    • Lifestyle
    • Health
    • ENVIRONMENT
  • Tours & Travel
    • Hotel & Hospitality
  • Sports
  • About Us

© 2024 Ugstandard - Latest News by Digital/New Media company.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d