EQUITY GROUP RECORDS 32 PERCENT PROFIT AFTER TAX GROWTH IN H1 2026

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.

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.

Looking ahead to the second half of 2026, Equity Bank Tanzania plans to build on the momentum by deepening customer value, with a particular focus on merchant payment solutions that enable businesses to collect money faster, operate more efficiently and reduce dependence on cash.

EQUITY LIPA NAMBA TO SUPPORT MERCHANTS

A key priority will be Equity Lipa Namba, a solution designed to enable merchants to receive payments instantly, without deductions, from any bank or mobile network and access their money at any time.

For traders, SMEs and corporates, the solution is expected to support faster collections, improved cash flow, reduced cash-handling risks and a better payment experience for customers.

Through Equity Lipa Namba, the Bank is advancing its digital transformation agenda by providing businesses with a practical payment solution that supports daily sales, merchant collections and account activity.

The solution is also expected to contribute to deposit mobilisation, business growth and wider adoption of digital payments across Tanzania.

EXPANDING DIGITAL AND PROTECTIVE FINANCIAL SERVICES

Equity Bank Tanzania will also continue driving digitisation through Equity Mobile, enabling customers to conveniently manage their money, conduct transactions, make bill payments and access banking services wherever they are.

The Bank will further continue investing in protection through insurance solutions, helping individuals, merchants and businesses safeguard their assets, manage risks and grow with greater confidence.

The strong first-half results provide Equity Bank Tanzania with a firm foundation for the remainder of 2026 as it continues to expand access to practical, digital and protective financial solutions.

Looking ahead, the Bank remains focused on serving customers with excellence, supporting business growth and contributing to Tanzania’s economic development.

The performance reinforces Equity Bank Tanzania’s commitment to creating value for customers, businesses, communities, shareholders and the nation while advancing financial inclusion and digital transformation.

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