Equity Group Holdings demonstrated robust financial performance with net earnings climbing 13.1% y/y to KES 40.94Bn.
Net interest margins held steady at 7.5% as growth in reinvestment yields matched the increase in cost of funds.
Recommendation - We maintain our BUY recommendation on Equity Group Holdings, supported by strong operational performance throughout its subsidiaries.
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AIB-AXYS Africa Ltd is the fusion of two established companies; AIB Capital Limited and Apex Africa Capital Limited, both with over 25 years of experience in the Securities market. With the solid reputation and experience of the professional teams, we leverage talent and networks to better service businesses and investors looking to capitalize on the African growth story, and its vibrant financial sector.
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