Absa Bank Kenya PLC posted a profit after tax of Kshs. 5.3 billion for the quarter ended March 31, 2026, as total assets rose 10% to Kshs. 571.3 billion, supported by steady balance sheet growth and diversified revenue streams.
Profit before tax stood at Kshs. 7.5 billion, with total revenue of Kshs. 14.7 billion. Net interest income came in at Kshs. 10.4 billion, while non-interest income contributed Kshs. 4.3 billion, reflecting continued expansion beyond traditional lending income.
Customer deposits rose 8% to Kshs. 399.1 billion, while loans and advances closed at Kshs. 303.8 billion. Return on equity was 20.3%, with capital adequacy and liquidity ratios remaining strong at 21% and 53.2% respectively.
The bank said subsidiary income increased 25% year-on-year, reinforcing its diversification strategy amid a lower interest rate environment.
Chief executive Abdi Mohamed said the lender remained focused on supporting customers through a challenging macroeconomic backdrop while strengthening long-term resilience.
Retail banking growth was driven by wealth and premium banking offerings, while business banking expanded MSME financing through the WEZESHA value-chain programme and digital payment solutions. Corporate banking maintained a leading regional position in M&A advisory by deal value, alongside continued growth in global markets income.
The lender also leaned on brand partnerships such as the Magical Kenya Open, Absa Sirikwa Classic, and Absa Kip Keino Classic, while scaling impact initiatives under the Absa Kenya Foundation targeting women- and youth-led enterprises in the circular economy.