Absa Bank Kenya has reported a 15% jump in profit after tax to Sh16.9 billion for the nine months ending September 30, despite a marginal dip in total revenue. This growth was driven by stringent cost controls and a significant reduction in money set aside for bad loans.

• Absa Bank Kenya's profit after tax rose to Sh16.9 billion from Sh14.7 billion a year earlier.
• The Managing Director, Abdi Mohamed, highlighted efficient navigation of a complex operating environment.
• A 40% improvement in impairment charges, falling to Sh4.8 billion, significantly boosted earnings.
• Total revenue marginally declined by 0.43% to Sh46.6 billion, influenced by pressure on net interest margins.
• The bank's customer deposits increased by 9% to Sh384 billion, while its loan book slightly dipped to Sh309 billion.