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Equity Group withstands Covid-19; records 64% growth in Q1 2021 net profit

by CEO Reporter
Equity Group MD & CEO Dr. James Mwangi (centre), Equity Group Board Chair Prof. Isaac Macharia (left) & Equity Group Executive Director Mary Wamae (right) discuss the quarter one 2021 results during the investor briefing. Equity Group has registered 54% growth in total assets to Ksh 1.07 trillion, 58% growth in customer deposits to Ksh 790.6 billion, 29% growth in loans to Ksh 487.7 billion & 67% growth in profit before tax to Ksh 11.7 billion. Courtesy photo
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Equity Group has returned strong quarter one results in a challenging environment amidst the multi-faceted Covid-19 crisis of health, economic disruption, and humanitarian challenges, giving hope of resilience and recovery. “Our strategy; purpose-first, inclusivity, affordability, reach, agility and quality have proven resilient and sustainable” said Dr. James Mwangi, the Equity Group CEO w

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