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| Equity Group Managing Director and Chief Executive Officer, Dr. James Mwangi. |
August 20, 2026 — Equity Group Holdings Plc has reported a 32 percent year-on-year increase in Profit After Tax (PAT) to TZS 841 billion for the first half of 2026, up from TZS 640 billion recorded during the corresponding period last year.
In Tanzania, Equity Bank Tanzania also delivered a strong performance, recording Profit Before Tax of TZS 55.5 billion, while Profit After Tax grew by 82 percent, reflecting strong business momentum, disciplined execution and growing customer confidence in the market.
The results demonstrate Equity’s continued resilience, regional strength and ability to deliver sustainable growth in a dynamic operating environment. The performance was supported by stronger revenue generation, improved efficiency, disciplined risk management and continued investment in technology-enabled financial services.
TECHNOLOGY CONTINUES TO DRIVE GROWTH
At Group level, Equity’s performance reflects the success of its transformation into a diversified, technology-enabled financial services institution. The Group continues to deepen customer relationships, strengthen its operating model and expand access to financial services through digital platforms, branches, agents and merchant channels.
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Technology remained a major driver of the Group’s performance. During the first half of 2026, 98.3 percent of all transactions were conducted outside branches, while 89.7 percent were processed through digital platforms.
The shift highlights growing customer preference for convenient, secure and accessible financial services, while reinforcing the critical role of technology in improving service delivery, operational efficiency and customer experience.
While releasing the results, Equity Group Managing Director and Chief Executive Officer, Dr. James Mwangi, said the performance reflects the success of the Group’s long-term transformation into a diversified, regional and technology-enabled financial services institution.
“Our H1 2026 performance reflects the success of our deliberate transformation into a diversified, regional, technology enabled financial services Group. We are building a future ready institution; scalable, secure, and impact led, anchored in digital capabilities, staff upskilling, and a culture of disciplined execution,” he said.
Dr. Mwangi added that Equity continues to evolve beyond traditional banking into an integrated, technology-enabled financial institution that mobilises capital, connects ecosystems and accelerates inclusive and sustainable prosperity across Africa.
EQUITY BANK TANZANIA STRENGTHENS MARKET POSITION
For Equity Bank Tanzania, the strong first-half performance reinforces the Bank’s growing role in supporting individuals, entrepreneurs, small and medium-sized enterprises (SMEs), corporates and public sector customers.
The performance points to increasing customer confidence in the Bank’s ability to provide practical financial solutions that support business growth, payments, savings, lending and day-to-day money management.