Absa Bank Kenya has reported Sh11.7 billion profit after tax for the half-year ended June 30, 2025, a 9 percent increase from Sh10.7 billion in the same period last year.
The growth was supported by a 26.5 percent return on equity and diversified fees and commission streams, which pushed non-interest income to Sh9.1 billion.
“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,” he added.
During the period, customer deposits increased by 2.3 percent to Sh361 billion, while customer assets declined by 3.6 percent to Sh305 billion, reflecting the prevailing macroeconomic headwinds.
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Total assets grew by 10.4 percent to Sh532 billion, underscoring the strength of the balance sheet.
Despite a prevailing complex operating landscape, revenue remained resilient at Sh31.5 billion, a marginal 1.2 percent decline from last year due to lower interest rates, partly offset by improved cost of funds management.
Net interest income fell by 2.9 percent to Sh22.3 billion, while non-interest income grew by 3.3 percent to Sh9.1 billion.
The board has approved an interim dividend of Sh0.20 per ordinary share for 2025, payable on or about October 15 to shareholders on record by September 19.
