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.
