Absa Kenya’s Posts Sh5.3 billion in Profit After Tax in Q1 on Customer Deposits
NAIROBI, Kenya, May 29 – Absa Bank Kenya has posted a profit after tax of Sh5.3 billion for the three months ending March 2026, driven by growth in Kenya breaking news | Kenya news today |..
✨ Key Highlights
Absa Bank Kenya has reported a Sh5.3 billion profit after tax for the first quarter ending March 2026, driven by growth in customer deposits and balance sheet expansion despite economic challenges.
- Absa Bank Kenya posted a profit after tax of Sh5.3 billion.
- The bank's total assets grew 10 percent to Sh571.3 billion, with customer deposits up 8 percent to Sh399.1 billion.
- Chief Executive Officer Abdi Mohamed highlighted the bank's focus on supporting customers through economic pressures, while diversifying revenue streams and investing in digital platforms and sustainability initiatives.
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Absa Kenya Posts Sh5.3 Billion Profit After Tax in Q1 - May 2026
Absa Bank Kenya has reported a Sh5.3 billion profit after tax for the first quarter ending March 2026, driven by growth in customer deposits and balance sheet expansion despite economic challenges. The Court of Appeal has separately cleared SBM Bank Kenya to auction the high-end Alma residential development in Ruaka, allowing the bank to recover approximately Sh779 million owed on defaulted construction loans. Meanwhile, Enwealth Trustees Services Limited has been granted approval by the Capital Markets Authority to operate as a licensed corporate trustee in Kenya, expanding the range of financial services available in the market.
