NAIROBI, Kenya — Absa Bank Kenya has posted a 4% rise in net earnings to Sh6.2 billion for the first quarter ending March 31, 2025.
The lender says the growth comes amidst a challenging macroeconomic environment in which it says underscores its operational resilience and continued customer trust.
Total revenues for the period stood at Sh15.8 billion, a 4% year-on-year decline attributed to a slight dip in funded income to Sh11.3 billion and an 11% drop in non-funded income to Sh4.5 billion.
During the quarter, the lender advanced Sh308 billion in loans and advances across key sectors, while customer deposits grew by 5% to Sh371 billion.
The Bank’s total assets also rose by 5%, closing at Kshs. 520 billion.
Commenting on the performance, Absa Bank CEO, Abdi Mohamed, said the results reflect the strength of the Bank’s strategic direction and commitment to supporting customers’ evolving needs.
“While the operating environment remained complex, we continued to implement our forward-looking five-year strategic plan, guided by our purpose: Empowering Africa’s tomorrow, together, one story at a time,” said Mohamed.
Similarly, the bank reduced total costs by 1% to Sh5.5 billion, which helped improve the cost-to-income ratio to 35%.
Impairment charges dropped by 39% to Sh1.5 billion, reflecting improved credit performance and strengthened risk controls.
Return on equity rose to 27%, underlining strong profitability and capital efficiency.
The Bank also maintained a robust capital and liquidity position, with a capital adequacy ratio of 20.4% and a liquidity reserve ratio of 46.9%, both well above regulatory requirements.
