Absa Bank Kenya posted a 22 percent jump in its 2022 quarter one net profit to Ksh.3 billion from Ksh.2.4 billion posted same period last year.
Absa Bank Kenya Managing Director, Jeremy Awori attributed this to the bank’s strong performance reflecting customers' resilience amidst global uncertainties.
Absa Bank Kenya's after-tax profit surged by 161 percent to Ksh.10.9 billion in its 2021 full-year results.
The strong performance is attributable to growth in interest income when it stepped up efforts to support businesses recover from the COVID-19 shocks.
Absa Kenya Managing Director, Jeremy Awori, said
Barclays Bank of Kenya has reported a profit after tax of
Sh3.9 billion for the period ended 30th June 2019, a 2.6 per cent growth
compared to a similar period last year.
The narrow growth in net profit from Ksh.3.8 billion in 2018
is attributable to additional investments under