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Staff Writer

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Equity Group posted Sh14.8 billion net profit for the first quarter ended March 2025, marking a 3.86 percent decline on the back of falling non-interest income. The net earnings retreated from Sh15.39 billion posted in the preceding similar quarter and came in the period net profit from subsidiaries in Rwanda, Uganda, South Sudan and Democratic Republic of Congo posted reduced earnings. The group’s non-interest income fell by 11.8 percent to Sh19.61 billion even as net interest income rose by 2.6 percent to Sh28.57 billion.
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UBA Kenya has appointed George O. Otieno as the new Chairman of the Board. The announcement follows regulatory approval and comes as the bank marks 15 years of operations in the country. The bank said Mr. Otieno’s appointment is a key step in strengthening its strategic growth in Kenya and the region. “His appointment marks a significant milestone in the bank’s journey,” the bank said in a statement. Mr. Otieno takes the helm at a time when UBA Kenya is pushing to expand its footprint and enhance its presence as a bank of choice for SMEs, corporates, government infrastructure development, and individuals. The bank said Mr. Otieno brings valuable experience in shaping policies and building local and regional partnerships.
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George Otieno appointed chairman of UBA Kenya Board

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