Equity Group Holdings Plc has announced record financial results for the first quarter of 2026, reflecting strong growth driven by its technology-led transformation strategy and continued expansion of inclusive financial services across Africa.
The Group reported a 24% year-on-year increase in Profit After Tax (PAT), reaching Ksh 19.1 billion in Q1 2026 compared to Ksh 15.4 billion recorded during the same period in 2025. The strong performance underscores the continued success of the Group’s strategy to position itself as a resilient Pan-African financial services institution anchored on innovation, digital transformation, and customer-centric banking solutions.
Equity Group’s balance sheet expanded by 16% to Ksh 2.04 trillion, supported by sustained customer confidence and growing economic activity across its regional markets. Customer deposits increased by 13%, while net loans registered a 9% growth, further reinforcing the Group’s strong market position and expanding financial intermediation role across Africa.
The Group also achieved a major milestone in its regional expansion strategy, with regional subsidiaries now contributing 50% of Group banking profitability and accounting for 52% of total banking assets. The achievement highlights Equity’s continued evolution into a strong continental financial services champion with diversified growth across multiple African markets.
Strong growth was recorded across regional subsidiaries, led by Equity Bank Tanzania, which posted an outstanding 150% increase in Profit After Tax during the quarter. Equity Bank Rwanda followed with a 36% increase, while Equity Bank DRC recorded a 32% growth in profitability, reflecting the strength of the Group’s regional operations and expanding market footprint.
Under the leadership of Managing Director, Isabela Maganga, Equity Bank Tanzania emerged as the best-performing subsidiary in terms of profit growth. The remarkable performance reflects the bank’s continued focus on expanding access to financial services, accelerating digital banking adoption, and promoting financial inclusion across Tanzania.
The bank has continued to strengthen its footprint through customer-focused solutions, digital innovation, and strategic investments aimed at supporting individuals, SMEs, and businesses across key sectors of the economy.
Beyond banking operations, Equity Insurance Group also maintained strong growth momentum during the quarter. Gross written premiums increased by 30% to Ksh 4.5 billion, while Profit Before Tax rose by 53% to Ksh 0.64 billion, underscoring the Group’s successful diversification strategy across financial services segments.
Commenting on the results, Equity Group Chief Executive Officer, James Mwangi said the Group’s performance demonstrates the success of its long-term strategy of building a resilient and innovative institution capable of navigating evolving economic conditions.
He noted that the Group will continue leveraging technology, digital innovation, and Artificial Intelligence (AI)-driven solutions to improve customer experience, enhance operational efficiency, and deepen financial inclusion across the African continent.
The Q1 2026 results further reinforce Equity Group’s position as one of Africa’s leading financial institutions, with a continued commitment to sustainable growth, innovation, and inclusive banking that empowers communities and businesses across the region.
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