Equity Group Holdings Plc reports 3rd quarter 2024 profit after tax of Kshs 40.9bn

Equity Group Managing Director and CEO, Dr. James Mwangi (right), and Equity Bank Kenya Managing Director, Moses Nyabanda (left), at the Q3 2024 Investor Briefing event. Equity Group Holdings reported a 13% increase in profit after tax, reaching Kshs. 40.9 billion, up from Kshs. 36.2 billion for the period ending 30th September 2024, compared to the same period last year. Regional businesses contributed 51% of profit before tax and 48% of total assets, with assets totaling Kshs. 1.7 trillion. Deposits grew by 9% to Kshs. 1.3 trillion, up from Kshs. 1.2 trillion, while earnings per share rose by 13%, reaching Kshs. 10.40, up from Kshs. 9.20. Additionally, the Group was recently granted a general insurance license, complementing its existing life assurance license.
Equity Group Managing Director and CEO, Dr. James Mwangi (right), and Equity Bank Kenya Managing Director, Moses Nyabanda (left), at the Q3 2024 Investor Briefing event. Equity Group Holdings reported a 13% increase in profit after tax, reaching Kshs. 40.9 billion, up from Kshs. 36.2 billion for the period ending 30th September 2024, compared to the same period last year. Regional businesses contributed 51% of profit before tax and 48% of total assets, with assets totaling Kshs. 1.7 trillion. Deposits grew by 9% to Kshs. 1.3 trillion, up from Kshs. 1.2 trillion, while earnings per share rose by 13%, reaching Kshs. 10.40, up from Kshs. 9.20. Additionally, the Group was recently granted a general insurance license, complementing its existing life assurance license.
The New Times