EQTY | Equity Group HY'24 Earnings Note

    Equity Group Holdings demonstrated robust financial performance in the first half of 2024, with net earnings climbing 12.5% y/y to KES 29.62Bn.

    Net interest margins widened marginally to 7.5% attributable to higher reinvestment yields which outpaced the rising cost of funds in the current economic landscape.

    Recommendation - We maintain our BUY recommendation on Equity Group Holdings underpinned by robust operational performance across its subsidiaries.

     

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    AIB-AXYS Africa
    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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