The Lower Eastern Times Opening The Third Eye
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Absa Bank Kenya has posted a net profit of Sh11.7 billion for the first half of the year, marking a 9 percent rise from Sh10.7 billion recorded in the same period in 2024.
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The bank credited the growth to a 26.5 percent return on equity and stronger performance from non-interest income sources.
“These results demonstrate the strength of our operations and the effectiveness of our growth strategy, which focuses on being our customers’ primary financial partner,” said Managing Director and CEO Abdi Mohamed.
Customer deposits grew by 2.3 percent to Sh361 billion, while customer assets fell by 3.6 percent to Sh305 billion. Total assets increased by 10.4 percent to Sh532 billion.
The board has declared an interim dividend of Sh0.20 per share for 2025, to be paid on or around October 15 to shareholders registered by September 19.
