Absa Bank Kenya PLC has announced a 9% year-on-year growth in profit after tax to KShs 11.7 billion for the half-year ended June 30, 2025.
This performance supports a robust return on equity of 26.5%, reflecting disciplined execution, prudent risk management, and strategic agility in a complex economic environment.
“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.
Financial Highlights
| Metric | H1 2024 | H1 2025 | YoY Change |
|---|---|---|---|
| Profit After Tax | KShs 10.7B | KShs 11.7B | +9% |
| Revenue | KShs 31.8B | KShs 31.5B | -1% |
| Net Interest Income | KShs 23.0B | KShs 22.3B | -2.9% |
| Non-Funded Income | KShs 8.8B | KShs 9.1B | +3.3% |
| Operating Costs | KShs 11.4B | KShs 11.4B | +1% |
| Impairment | KShs 5.2B | KShs 3.2B | -38% |
| Total Assets | KShs 481B | KShs 532B | +10.4% |
| Customer Deposits | KShs 353B | KShs 361B | +2.3% |
| Customer Assets | KShs 316B | KShs 305B | -3.6% |
Strategic Execution & Market Leadership
- The asset management business doubled to over KShs 30B in AUM, ranking third in the market.
- Bancassurance maintained market leadership, contributing to diversified revenue.
- Diaspora remittances grew to 6% market share, supported by personalised forex solutions.
- Expanded the Shariah-compliant La Riba offering and launched the Absa Business Credit Card.
- Led landmark transactions, including a KShs 2.5B rights issue and dual listing of the Satrix MSCI World ETF.
- Launched Absa Custody Business, adding depth to capital markets infrastructure.
Sustainability & Community Impact
- KShs 28.3B advanced in sustainable finance, including KShs 4B in climate finance.
- Over 300,000 youth were reached through financial literacy and skills programs.
- 1.75 million trees planted and 1,800+ households supported through environmental initiatives.
- Recognised as a Top Employer for the fourth consecutive year.
“We are unlocking value across both traditional and emerging revenue streams while positioning the business for long-term growth,” added Mr. Mohamed.
Efficiency & Innovation
- 71% of customer processes digitised; 94% of transactions now via alternative channels.
- The cost-to-income ratio improved to 36.4%.
- Technology investments rose to KShs 4B, driving digital transformation.
Risk & Capital Strength
- Impairment reduced by 38% to KShs 3.2B, reflecting strong portfolio quality.
- The capital adequacy ratio is at 20.5%, and the liquidity reserve is at 45.5%, well above regulatory thresholds.
Shareholder Returns
The Board has approved an interim dividend of KShs 0.20 per ordinary share for 2025, payable on or about October 15, 2025, to shareholders registered by September 19, 2025.
