NAIROBI, Kenya, Nov 18 — Absa Bank Kenya has reported a 15 percent rise in profit after tax (PAT) to Sh16.9 billion for the period ended September 30, 2025.
The lender, in its unaudited group results for the nine months to September, said the performance was driven by strong cost control and growth in non-interest income.
“We remained focused on executing our strategy, making strong progress across our priority areas and delivering shared value to our stakeholders,” the board said in a statement.
“Despite operating in an increasingly complex environment during the period under review, we navigated the challenges effectively, resulting in a resilient financial performance.”
Revenue for the period stood at Sh46.6 billion, slightly lower than a year earlier as margins were squeezed by declining interest rates. However, the bank said it was able to offset this through prudent management of its cost of funds.
Non-interest income rose by 11 percent to Sh13.6 billion, reflecting the continued expansion of its payments business.
On the balance sheet, customer deposits increased by 9 percent to Sh384 billion, while loans and advances to customers eased slightly to Sh309 billion. Total assets grew by 14 percent to Sh554 billion, underscoring the bank’s strengthening financial position.
Absa also highlighted progress in product innovation, including the launch of Eco Home Loans to support green, energy-efficient housing, and an expansion of its agency banking network to more than 8,000 outlets.
To deepen financial inclusion, the lender rolled out Sultana, a Shariah-compliant banking solution tailored for women.
Operating expenses rose modestly to Sh17.5 billion, while impairment charges fell by 40 percent to Sh4.8 billion, signalling stronger credit quality and disciplined risk management.
