Absa Bank Kenya PLC has reported a 9 per cent growth in profit after tax to Kshs 11.7 billion for the half-year ended June 30, 2025. The bank delivered a strong return on equity of 26.5 per cent, supported by disciplined execution and prudent risk management.
Revenue performance
Absa Bank Kenya PLC has reported a 9 per cent growth in profit after tax to Kshs 11.7 billion for the half-year ended June 30, 2025. The bank delivered a strong return on equity of 26.5%, supported by disciplined execution and prudent risk management.
Revenue performance
Total revenue stood at Kshs 31.5 billion, a 1.2 per cent drop from last year.
Net interest income fell by 2.9 per cent to Kshs 22.3 billion.
Non-interest income grew by 3.3 per cent to Kshs 9.1 billion, boosted by fees and commissions.
Balance sheet growth
Customer deposits rose 2.3 per cent to Kshs 361 billion.
Loans and advances fell 3.6 per cent to Kshs 305 billion.
Total assets expanded by 10.4 per cent to Kshs 532 billion.
Business highlights
Absa grew its asset management business to over Kshs 30 billion, ranking third in the market.
Its remittance market share increased through personalised forex solutions.
The bank launched the Absa Business Credit Card and expanded its Shariah-compliant La Riba offering.
Corporate and investment banking
Absa was the lead advisor in a Kshs 2.5 billion rights issue. However, also supported the dual listing of the Satrix MSCI World ETF.
The new Absa Custody Business deepened its capital markets infrastructure.
Sustainability and Skills Development
The bank advanced about Kshs 20 billion in sustainable finance.
It was named a Top Employer for the fourth consecutive year.
Future-skills training and investments in sports development were expanded.
Operational efficiency
Digitisation now covers 71 per cent of customer processes.
Alternative channels handle 94 per cent of customer transactions.
Costs were contained at Kshs 11.4 billion, up just 1 per cent.
The cost-to-income ratio improved to 36 per cent.
Risk management
Loan impairment charges dropped 38% to Kshs 3.2 billion.
The bank maintained a strong coverage ratio to manage credit risks.
Capital strength
Capital adequacy stood at 20.5% against a 14.5 per cent regulatory minimum.
Liquidity reserves closed at 45.5 per cent against a 20 per cent requirement.
Shareholder payout
The board declared an interim dividend of Kshs 0.20 per share.
The payout will be made on or about October 15, 2025, to shareholders on record as of September 19, 2025.
Total revenue stood at Kshs 31.5 billion, a 1.2 per cent drop from last year.
Net interest income fell by 2.9 per cent to Kshs 22.3 billion.
Non-interest income grew by 3.3 per cent to Kshs 9.1 billion, boosted by fees and commissions.
Balance sheet growth
Customer deposits rose 2.3 per cent to Kshs 361 billion.
Loans and advances fell 3.6 per cent to Kshs 305 billion.
Total assets expanded by 10.4 per cent to Kshs 532 billion.
Business highlights
Absa grew its asset management business to over Kshs 30 billion, ranking third in the market.
Its remittance market share increased through personalised forex solutions.
The bank launched the Absa Business Credit Card and expanded its Shariah-compliant La Riba offering.
Corporate and investment banking
Absa was the lead advisor in a Kshs 2.5 billion rights issue.
It also supported the dual listing of the Satrix MSCI World ETF.
The new Absa Custody Business deepened its capital markets infrastructure.
Sustainability and skills development
The bank advanced about Kshs 20 billion in sustainable finance.
It was named a Top Employer for the fourth consecutive year.
Future-skills training and investments in sports development were expanded.
Operational efficiency
Digitisation now covers 71 per cent of customer processes.
Alternative channels handle 94 per cent of customer transactions.
Costs were contained at Kshs 11.4 billion, up just 1 per cent.
The cost-to-income ratio improved to 36 per cent.
Risk management
Loan impairment charges dropped 38 per cent to Kshs 3.2 billion.
The bank maintained a strong coverage ratio to manage credit risks.
Capital strength
Capital adequacy stood at 20.5 per cent against a 14.5 per cent regulatory minimum.
Liquidity reserves closed at 45.5 per cent against a 20 per cent requirement.
Shareholder payout
The board declared an interim dividend of Kshs 0.20 per share.
The payout will be made on or about October 15, 2025, to shareholders on record as of September 19, 2025.