Lubao FM News 
Equity Group Holdings has proposed a record dividend payout of Kshs 15.1 billion after making a profit of Kshs 43.7 billion. The company is a top financial services provider in the region, with its banking subsidiaries playing a significant role. The insurance business and technology platform have also shown growth.
Equity Group Foundation supports MSME entrepreneurs and job creation. The company has kept interest rates low to help civil servants and other workers. Despite facing challenges, Equity Group has continued to expand its customer base and financial performance.
The strategic acquisition in Rwanda has boosted Equity Group’s presence in the region. With a focus on social impact and innovation, the company is well-positioned for growth in East Africa.
The financial results reflect strong performance, with an increase in net interest income and non-funded income. The company’s return on equity remains solid, despite rising costs. The balance sheet and customer deposits have also seen significant growth.
Equity Group has navigated through challenges and maintained a strong focus on risk management. The company’s value-based organizational culture has contributed to its success. The acquisition in Rwanda further solidifies its position as a regional leader in financial services.
Equity Group’s commitment to social impact and innovation enhances its competitive advantage. With a diversified business model and a strong presence in East Africa, the company is poised for continued growth and positive outcomes for its stakeholders.
