Absa Bank Kenya CEO Abdi Mohamed, Marketing and Corporate Affairs Director Mwihaki Wachira and Chief Finance Officer Yusuf Omari during the release of the bank’s H1’ 2025 financial results where the bank announced a 9% growth in profit after tax to KShs 11.7 billion, supporting a strong return on equity of 26.5%.
By Editorial Team.
Nairobi, August 12, 2025 — Absa Bank Kenya PLC has reported a 9% rise in profit after tax to KSh 11.7 billion for the half-year ended June 30, 2025, delivering a solid return on equity of 26.5%. The performance reflects disciplined execution, prudent risk management, and agility in navigating a challenging economic environment, while reinforcing the bank’s commitment to sustainable shareholder value.
Despite a complex operating landscape, revenue remained resilient at KSh 31.5 billion, a marginal 1.2% drop from last year. This was attributed to lower interest rates, partly offset by improved cost of funds management. Net interest income fell by 2.9% to KSh 22.3 billion, while non-interest income rose by 3.3% to KSh 9.1 billion, driven by growth in fees and commissions.
Customer deposits grew by 2.3% to KSh 361 billion, while customer assets dipped by 3.6% to KSh 305 billion, reflecting ongoing macroeconomic headwinds. Total assets, however, increased by 10.4% to KSh 532 billion, underscoring the strength of the balance sheet.
“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.”
In the review period, the bank enhanced its customer value propositions, maintaining leadership in bancassurance and growing its asset management portfolio to over KSh 30 billion, the third-largest in the market. Its remittance market share rose through personalised forex solutions, while upgrades to digital channels, branches, ATMs, and agency networks reinforced service excellence.
Absa also strengthened support for entrepreneurs through global trade missions to Estonia and the USA, launched the Absa Business Credit Card, and expanded its Shariah-compliant La Riba offering.
In Corporate and Investment Banking, the bank led several landmark transactions, including a KSh 2.5 billion rights issue advisory and the dual listing of the Satrix MSCI World ETF. The launch of its Custody Business further boosted its capital markets presence.
Sustainability remained central to operations, with KSh 20 billion channelled into sustainable finance. The bank was recognised as a Top Employer for the fourth consecutive year and invested in future-skills training for employees. It also continued supporting sports development in golf and athletics, while championing growth in Kenya’s creative economy.
“Our strategy remains resilient and adaptable, enabling us to deliver strong results while investing in capabilities, partnerships, and innovations that will define our future,” Mr. Mohamed added.
