<p>Nairobi, Kenya &#124; THE INDEPENDENT &#124;  Equity Group Holdings has proposed a record dividend of Kshs.15.1 billion for a second year running. While releasing the 2023 full year financial results Dr. James Mwangi, Group Managing Director and CEO said. “The Kshs. 4 per share dividend amounts to a 36% payout of the Kshs.43.7 billion ($330 Million) &#8230;</p>
<p>The post <a href="https://www.independent.co.ug/equity-group-hits-kshs-43-7-billion-profit-after-tax-proposes-another-record-dividend-payout/" rel="nofollow">Equity Group hits Kshs 43.7 billion profit after tax, proposes another record dividend payout</a> appeared first on <a href="https://www.independent.co.ug" rel="nofollow">The Independent Uganda:</a>.</p>

Equity Group hits Kshs 43.7 billion profit after tax, proposes another record dividend payout

Nairobi, Kenya | THE INDEPENDENT | Equity Group Holdings has proposed a record dividend of Kshs.15.1 billion for a second year running.
Financial services diversification has seen Equity Group Insurance business being in operation for 21 months.
The Equity Group Insurance business will venture into Health and General Insurance in the course of this year.
As a result, interest expense for deposits grew by 53% from Kshs 33.6 billion to Kshs 51.4 billion while interest income on loans grew only by 30%.
The Group continues to promote social transformation through its social impact investments championed by Equity Group Foundation, changing lives, giving dignity and expanding opportunities for wealth creation.