Equity Group Delivers Strong Growth, Announces Record Dividend


Equity Group’s outstanding financial results in FY 2023 further established its position as a top regional financial services provider. 

Demonstrating robust growth across key financial indicators, Equity Group unveiled a record dividend proposal that highlights its dedication to providing value to shareholders.

For the second year in a row, Equity Group has declared dividends of Kshs 4.00 per share from their earnings of Kshs 11.10 per share, showing a payout ratio of 36%. 

This choice was influenced by the company’s robust financial performance and aims to thank shareholders for their ongoing dedication and investment in Equity Group. 

By providing this generous dividend, Equity Group is showcasing its dedication to enhancing shareholder value and upholding a reliable dividend strategy. 

Shareholders can anticipate receiving their dividends as proof of the company’s prosperity and profitability.

In FY 2023, the group’s profit was Kshs 43.7 billion, driven by a 21% rise in net interest income to Kshs 104.2 billion and a 30% increase in non-funded income to Kshs 75.9 billion.

This robust financial result was further aided by lower operating expenses and reduced credit impairment charges.

Trade finance revenue experienced a significant rise, increasing by 90% to Kshs 11 billion from Kshs 5.8 billion. 

This growth was driven by a 106% increase in trade finance lending and a 26% growth in guarantees and off-balance sheet items. 

The bank’s emphasis on expanding its trade finance activities and assisting businesses involved in global trade played a key role in this revenue increase.


The rise in trade finance lending indicates a growing demand for financial aid in international transactions, while the boost in guarantees highlights the bank’s commitment to minimizing risks for clients.

The increase in trade finance revenue showcases the bank’s success in capitalizing on international market opportunities, solidifying its position as a key player in trade finance services.

Equity Group has strengthened its position in the financial services sector as a leader in the region thanks to its regional banking subsidiaries.

Its regional banking subsidiaries account for 50% of assets, 51% of revenue, and 56% of profit before tax. 

The company’s success can be credited to its emphasis on customer service, the development of creative products, and the formation of strategic collaborations.

The success of Equity Group can be attributed to its dedication to reaching a wider audience and offering inclusive financial services. 


Kenyan Women Choose Equity Bank as Their Preferred Banking Partner: Survey Reveals

With its ongoing growth and development in the region, the company is on track to establish itself as a prominent leader in the financial services sector.

Equity Group’s strong performance suggests growth and stability for Kenya’s economy and the region, particularly in the financial sector.

A flourishing financial sector can draw in foreign investments, generate employment opportunities, and enhance access to financing for both businesses and individuals. 

This has the potential to stimulate economic growth, boost investment levels, and ultimately contribute to the overall prosperity of the area. 

By demonstrating a strong model of achievement, Equity Group is playing a role in paving the path toward a brighter future for Kenya and its neighboring nations.

To send money from M-Pesa to Equity, go to the M-Pesa menu on your phone, select Lipa na M-Pesa, then Paybill, and enter the Equity paybill number 247247.

Enter your Equity account number as the account number, then enter the amount you wish to transfer. Confirm the transaction and enter your M-Pesa PIN to complete the transfer.

If you encounter any issues during the process, you can reach out to Equity customer care through their official contact center number, 0763 000 000, for assistance.

Additionally, if you are interested in pursuing a career with Equity Bank, you can explore available opportunities on their website, https://equitygroupholdings.com/ke.

By staying informed on Equity Group’s financial developments, investors can make informed decisions about potential investment opportunities.

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