Absa Bank Kenya PLC has reported a profit after tax of Kshs. 10.5 billion for the period ended June 30, 2026, achieving a market-leading return on equity of 21.7%.
During the period, customer assets increased by 8% to Kshs. 329.9 billion and customer deposits rose to Kshs. 380.7 billion, reflecting growing customer confidence, expanded financial access, and the provision of tailored banking solutions. Total assets grew to Kshs. 558.1 billion, highlighting the Bank’s robust balance sheet and sustained financial strength.
Speaking about the financial results, Absa Bank Kenya PLC Interim Managing Director and CEO, Yusuf Omari, said: “While the dynamic operating environment exerted pressure on performance, the Bank recorded strong momentum in the second quarter. This reflects our disciplined execution, continued support for customers through relevant financial and non-financial solutions, and ongoing investment in the long-term resilience and sustainability of the business.”
During the period under review, the Bank recorded total revenue of Kshs. 29.3 billion, supported by a growing balance sheet and disciplined management of cost of funds amid a lower interest rate environment. The bank’s net interest income stood at Kshs. 21.1 billion, while non-interest income totalled Kshs. 8.2 billion for the period. The Bank’s income from subsidiaries increasing by 20% year-on-year.
“Our strategy remains anchored on delivering sustainable, long-term growth while enhancing customer experience across all touchpoints. In line with our purpose of Empowering Africa’s tomorrow, together… one story at a time, we have strengthened our commitment to financial inclusion in the period, providing tailored solutions that support Kenyans in realising their homeownership, vehicle and business asset financing needs, and entrepreneurial aspirations,” said Mr. Omari.
Notably, the Bank launched a developer-led home financing solution featuring a market-leading interest rate of 8.9% per annum and financing of up to 105% for qualifying homebuyers. The Bank also introduced the KES 1 billion Zinduka Graduate Enterprise Programme to support youth entrepreneurship and expand access to affordable, sustainable finance for this important client segment.
In addition, the Bank enhanced its asset financing proposition, committing Kshs. 100 billion over the next three years to support businesses and individuals across key sectors of the economy, including manufacturing, healthcare, education, infrastructure, trade, and logistics. The proposition provides up to 100% financing for targeted assets, enabling customers to accelerate investment, growth, and productivity.
The Board of Directors has approved an interim dividend of Kshs 0.5 per ordinary share.
