Browsing: Equity Group performance

Equity Group Dr James Mwangi

Equity Group to pay record $114 million in dividend despite 5 per cent profit dip

Banking
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  • Equity Bank dividend payout of $0.03 (KES4) per share will amount to a 36 per cent payout of the regional lender’s $331.6 million net profit.
  • Customer numbers grew to 19.6 million, translating to an increase in deposits, which hit $10.6 billion in 2023.
  • Loan books also increased to $6.7 billion (KES887.4 billion) from KES706.6 billion in 2022.

Equity Group’s profits saw a five per cent decline to $331.6 million (KES43.7 billion) for the financial year ending in December 2023, down from $349 million (KES46 billion) the previous year. However, despite the drop, Equity Group’s dividend payout has hit record …