Absa Bank Kenya PLC has reported a 4 percent growth in net earnings to Sh6.2 billion for the period ended 31st March 2025, an indication of strong operational resilience and customer confidence amid a challenging macroeconomic landscape.
As a result of prevailing market conditions, total revenues closed at Sh15.8 billion, reflecting a 4 percent year-on-year decline, impacted by a marginal decline in funded income to Sh11.3 billion and an 11 percent drop in non-funded income to Sh4.5 billion.
In the review period, the bank continued to empower its customers' growth stories through the provision of essential financial support, advancing Sh308 billion in loans and advances to key economic sectors and individuals.
Additionally, customer deposits rose by 5 percent to Sh371 billion, with total assets growing by 5 percent to Sh520 billion as return on equity rose to 27 percent for the period reflecting the strength of the bank's performance and capital efficiency during the quarter.
