Absa Bank Kenya Posts 15% Growth In Net Profit To Kshs.16.9 Billion In Q3

Absa Bank Kenya PLC has reported a 15% increase in net earnings, reaching Ksh 16.9 billion for the nine months ending September 30, 2025. This growth was supported by an expanded revenue stream, which drove an 11% growth in non-interest income to Ksh 13.6 billion, underpinned by strategic diversification into new business lines.

Total revenues for the third quarter period closed at Ksh 46.6 billion, the same level as last year, reflecting an operating context that was largely characterised by a compressed rates environment. Net interest income dropped by 5% to Ksh 33.0 billion as a result.

Absa Bank Kenya PLC Managing Director & CEO, Abdi Mohamed, said the performance demonstrates the progress the Bank is making in executing its strategic aspirations, while carefully navigating the dynamics in the operating landscape. The improved results further demonstrate the role Absa plays in empowering the growth stories of individuals, businesses, and communities through relevant financial and non-financial interventions.

“In the period under review, we continued to demonstrate our purpose in action: Empowering Africa’s tomorrow together, one story at a time. This has been achieved through the provision of financial and non-financial resources to our customers, availing the requisite support to attain their ambitions,” said Mr. Mohamed.

He added, “We see our customers’ determination to achieve their dreams, grow their businesses, and write impactful stories, and these results reaffirm our commitment to continue supporting them. We remain confident in our ability to support our clients effectively and to unlock significant growth opportunities across all our businesses in Consumer, Business and Corporate, and Investment Banking.”

The Bank’s balance sheet also showed notable strength. Customer deposits rose by 9% to Ksh 384 billion, while customer assets closed at Ksh 310 billion. Total assets grew by 14% to Ksh 554 billion, reflecting Absa’s solid financial foundation.

“Our strategy remains relevant and resilient to serve our customers in line with our purpose. In addition, we are accelerating the progressive transformation of our organisation to continue positioning ourselves for sustained outperformance,” added Mr. Mohamed.

Impairment improved by 40% to Ksh 4.8 billion compared to the same period last year, reflecting the Bank’s commitment to prudent risk management principles amidst a strong balance sheet and a challenging operating environment. The Bank continues to maintain a healthy portfolio quality and has established a sufficient coverage ratio to effectively minimize and manage potential future credit losses.

The Bank’s capital and liquidity ratios remain strong with sufficient headroom above the regulatory requirement. The Bank’s total capital adequacy ratio closed at 20.9% and liquidity reserve position at 49.8% against the regulatory limits of 14.5% and 20%, respectively. The strong position of capital will support the Bank’s growth and investment agenda.

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