Absa Bank Kenya Plc has reported a profit after tax of Sh10.5 billion for the six months ended June 30, 2026, as the lender continued to grow its customer assets and deposits despite a challenging operating environment.
Customer assets increased by eight per cent to Sh329.9 billion, while customer deposits rose five per cent to Sh380.7 billion during the period. The growth contributed to an increase in total assets, which reached Sh558.1 billion.
The bank posted a return on equity of 21.7 per cent, while its capital adequacy ratio stood at 19.4 per cent. Liquidity reserves remained strong at 42.7 per cent.
Total revenue hit Sh29.3 billion, comprising Sh21.1 billion in net interest income and Sh8.2 billion in non-interest income.
Income from the bank’s subsidiaries, including asset management, custody services and bancassurance, increased by 20 per cent year-on-year, providing an additional boost to overall performance.
Following the performance, the board of directors approved an interim dividend of Sh0.5 per share.
Interim Managing Director and Chief Executive Officer Yusuf Omari attributed the results to disciplined execution and continued investment in the bank’s long-term growth despite pressures in the operating environment.
“While the dynamic operating environment exerted pressure on performance, the Bank recorded strong momentum in the second quarter,” Omari said.
He said the performance reflected the bank’s continued support for customers through financial and non-financial solutions, as well as investments aimed at strengthening the resilience and sustainability of the business.
During the period, Absa also expanded its financial inclusion initiatives, with a focus on helping customers access financing for homeownership, vehicle and business asset purchases, as well as entrepreneurship.
“Our strategy remains anchored on delivering sustainable, long-term growth while enhancing customer experience across all touchpoints,” Omari said.
The lender said it would continue to focus on sustainable growth while strengthening customer experience and expanding access to financial solutions.
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