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EQUITY PRESS RELEASE RESILIENT , VERSATILE BUSINESS MODEL , LEADERSHIP AGILITY , INNOVATION , DIVERSIFICATION , EFFICIENCY AND STRATEGY DRIVES EQUITY GROUP HOLDINGS PIC TO RECORD : • 85 % growth in Profit Before Tax • 79 % growth in Profit After Tax • 27 % growth in Total Assets • 25 % growth in Total Income as it launches a Half Trillion Kenya Shillings drive to support post COVID- 19 business recovery Nairobi 8th November 2021 ...... Against a background of COVID - 19 pandemic and its consequent disruption of global economic activities with the resultant social disruptions , Equity Group Holdings has demonstrated a resilient , versatile business model , leadership agility , innovation and diversification capability and strength of strategy to report an 85 % growth in profit before tax , a 27 % growth in total assets and a 25 % growth in total income . Resilience in execution of an offensive and defensive strategy saw regional subsidiaries grow their Group contribution to deposits to 42 % up from 40 % , revenue to 37 % up from 30 % and profit before tax and provisions to 26 % up from 21 % . Agility saw the 27 % growth in total funding deployed into public and private sectors resulting in 36 % growth in lending . Diversification driven by a regional approach with operations in 6 countries helped in diversifying sovereign risks and a currency mix risk of 56.6 % local currency and 43.4 % foreign currency risk mitigating exchange and translation risks . An inclusive business model for all market segments and sectors of the economy and segments and class of the population demography helped to mitigate loan book quality and performance leading to an NPL of 8.9 % compared to Kenya industry performance of 13.9 % NPLs . The offensive growth strategy has seen a 23 % growth in net loans and advances and a 62 % growth in investment in Government securities resulting into a 29 % growth in interest income . The growth in earning assets have been funded by a 48 % growth in long - term funds of Kshs.104.8 billion up from Kshs . 70.7 billion and a 27 % growth in customer deposits of Kshs.875.7 billion up from Kshs.691 billion driving total assets growth of 27 % to Kshs.1.184 trillion up from Kshs.933.9 billion . Higher quality non funded income grew faster at 29 % to Kshs.31.4 billon up from Kshs.24.3 billion than net interest income which recorded a 23 % growth to Kshs.48.5 billion up from Kshs.39.3 billion . FX - trading income grew by 40 % to Kshs.5.6 billion up from Kshs.4 billion . E - commerce revenue grew to Kshs.953.5 million up from zero . Bond trading income increased to Kshs.2.6 billion up from Kshs.2.2 billion . The Group is increasingly shifting from its legacy brick and mortar model of fixed cost structure of branches and ATMs to variable cost , self - service model of client's own electronic devices or third - party infrastructure . Out of the 975.1 million transactions processed for the 9 months of the year , only 30.1 million transactions or 3 % of all transactions were handled at the legacy bank by branches and ATMs with the digital bank handling and processing 945 million transactions or 97 % of all the transactions with the self - service customers ' own device mobile channel handling and processing 90 % of digital transactions . " Increasingly mobile internet and e - commerce are becoming the preferred channels of