Absa Bank Kenya’s H1 2025 profit rose 9% to KSh 11.7B, driven by strong lending, deposit growth, and digital banking expansion.
Absa Bank Kenya has recorded a 9% growth in net profit, reaching KSh 11.7 billion (USD 90.4 million) for the first half of 2025.
The strong performance was powered by higher interest income, cost control, and rapid uptake of digital banking.
Lending and Deposits on the Rise
- Customer deposits grew by double digits, reflecting confidence in the bank’s stability.
- SME and retail lending expanded, particularly in manufacturing, agribusiness, and trade.
- Total assets increased 10.4% year-on-year, underlining the bank’s strong balance sheet.
Digital Banking Boost
Kenya’s banking customers are increasingly going mobile, with Absa reporting:
- A sharp rise in mobile app transactions
- Reduced reliance on physical branches
- Faster processing through automation and AI-powered systems
These trends are cutting operational costs and enhancing customer experience.
Role in Regional Finance
As part of Absa Group Limited, the Kenyan unit continues to channel funds into:
- Infrastructure development
- Regional trade facilitation
- Sustainable and green projects
Outlook for 2025
Absa expects momentum to continue into the second half of the year, with a focus on:
- Expanding retail lending and SME financing
- Driving digital adoption
- Managing macroeconomic risks such as inflation and exchange rate volatility
“Our strategy blends innovation with financial discipline. We remain committed to powering Kenya’s economic growth,” said Absa Kenya CEO, Abdi Mohamed.