Equity Group posted strong financial results across Africa during the first quarter of 2025. Customer deposits jumped 7 percent to reach 1.32 trillion shillings from last year's figures. The bank expanded loans by 3 percent to 804.7 billion shillings as more people borrowed money. Total company assets grew 4 percent to hit 1.75 trillion shillings across all markets. Equity earned 15.4 billion shillings in profit after paying taxes and expenses.
Kenya operations recovered well with deposits rising 7 percent to 792.7 billion shillings during the period. Revenue increased 19 percent as the local banking unit attracted more customers. Tanzania subsidiary continued its comeback with deposits growing 14 percent and loans expanding 9 percent. Democratic Republic of Congo operations saw customer loans rise 9 percent to 252.1 billion shillings. Regional branches outside Kenya contributed 47 percent of total company assets.
Digital banking channels handled 87 percent of all customer transactions during the quarter. Mobile app users completed 39.5 million transactions worth 942.7 billion shillings this year. The company planted over 35 million trees and supported education programs for thousands of students. Equity won recognition as a top brand across East Africa for the fourth consecutive year. Management expects continued growth as African economies recover from recent challenges.
Kenya operations recovered well with deposits rising 7 percent to 792.7 billion shillings during the period. Revenue increased 19 percent as the local banking unit attracted more customers. Tanzania subsidiary continued its comeback with deposits growing 14 percent and loans expanding 9 percent. Democratic Republic of Congo operations saw customer loans rise 9 percent to 252.1 billion shillings. Regional branches outside Kenya contributed 47 percent of total company assets.
Digital banking channels handled 87 percent of all customer transactions during the quarter. Mobile app users completed 39.5 million transactions worth 942.7 billion shillings this year. The company planted over 35 million trees and supported education programs for thousands of students. Equity won recognition as a top brand across East Africa for the fourth consecutive year. Management expects continued growth as African economies recover from recent challenges.
