Despite facing a five percent decline in profit after tax, Equity Group has upheld its track record of dividend payout for the year ending December 2023. The bank’s board has recommended a dividend payout of Sh15.1 billion, marking an increase in dividend yield to 11.9 percent from 8.8 percent in the previous year. James Mwangi,…
Equity Insurance, a subsidiary of Equity Bank, achieved remarkable success by selling 7.2 million policies, contributing to an 8% growth in profits for the Equity Group, as revealed in its recently announced half-year results. The impressive performance of Equity Insurance has ignited optimism that it could potentially outshine its banking counterpart by 2030, as stated…
In the face of a challenging global macroeconomic landscape characterized by persistent high inflation, elevated interest rates, volatile exchange rates, and the devaluation of emerging economies’ currencies, Equity Group has unveiled its 2023 half-year results, showcasing remarkable resilience. Despite these adversities, the Group has shown a funding growth of 23%, primarily driven by a 21%…
