Absa Bank Kenya Plc net earnings increased 4% to KES 6.2 billion for the quarter ended March 31, 2025. Despite a 4% decline in total revenues, the bank demonstrated strong operational resilience and customer confidence in a challenging macroeconomic environment.
Total revenues closed at KES 15.8 billion, impacted by a marginal decline in funded income to KES 11.3 billion and an 11% drop in non-funded income to KES 4.5 billion. The bank continued to support key economic sectors and individuals, advancing KES 308 billion in loans and advances.
Customer deposits rose by 5% to KES 371 billion, while total assets grew by 5% to KES 520 billion. This reflects continued market confidence and the bank’s ability to maintain a strong balance sheet.
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Absa Bank Kenya Managing Director & CEO, Abdi Mohamed, emphasized the bank’s commitment to delivering relevant financial solutions while navigating a complex operating environment.
“While the operating environment remained complex, we continued to implement our forward-looking five-year strategic plan, which is guided by our core purpose: ‘Empowering Africa’s tomorrow, together…one story at a time.’ We are satisfied by the progress attained in the review period, even as we implement prudent measures to strengthen and sustain our balance sheet momentum in the near term,” said Abdi Mohamed.
The bank maintained cost discipline, leading to a 1% reduction in total costs to KES 5.5 billion. Improved credit performance and effective risk controls resulted in a 39% decline in impairment charges, which stood at KES 1.5 billion.
During the quarter, Absa Bank Kenya deepened its role as a business enabler, facilitating technology-focused business club members with international exposure to best practices in Estonia, Finland, and the United States. The bank also enhanced its wealth management proposition and accelerated its thought leadership series for corporate clients.
Additionally, Absa sustained its commitment to people and culture, earning recognition as a Top Employer in Kenya and Africa for the fourth consecutive year.
