Absa Bank Kenya PLC has posted a 9% growth in profit after tax to Kshs.11.7 billion for the half-year ended June 30, 2025.
Return on equity stood at 26.5%, with the performance reflecting in what the Managing Director and the CEO, Abdi Mohamed termed as disciplined execution, prudent risk management, and agility in navigating a challenging economic climate.
This, according to Mohamed, was also through a commitment to sustainable shareholder value.
“Our results highlight the resilience of our operations and the relevance of our growth strategy, centred on being the primary partner for our customers,” said Abdi Mohamed, Managing Director and CEO.
“We are unlocking value across both traditional and emerging revenue streams while positioning the business for long-term growth.”
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Its revenue took a nosedive by 1.2% to Ksh.31.5 billion— compared same period, last year. Net interest income declined by 2.9% to Ksh.22.3 billion, while non-interest income grew by 3.3% to Ksh.9.1 billion, supported by diversified streams from fees and commissions.
Customer deposits rose 2.3% to Ksh.361 billion, while customer assets dropped 3.6% to Ksh.305 billion, reflecting prevailing macroeconomic headwinds. Total assets, however, grew by 10.4% to Ksh.532 billion, underscoring balance sheet strength.
Strategic Business Growth
During the review period, Absa saw its asset management portfolio hit a record Ksh.30 billion, making it the third largest in the market.
The Bank also grew its remittance market share through personalised forex solutions and upgraded digital channels, branch services, ATMs, and agency networks to improve service delivery.
Support for businesses and entrepreneurs was strengthened through global trade missions to Estonia and the USA, the launch of the Absa Business Credit Card, and an expanded Shariah-compliant La Riba offering.
