Absa Bank Kenya PLC has reported a 15 per cent increase in net earnings, reaching Ksh16.9 billion for the nine-month period ending September 30, 2025.

This growth was supported by an expanded revenue stream, which drove an 11 per cent growth in non-interest income to Ksh13.6 billion, underpinned by strategic diversification into new business lines.

Further, total revenues for the third quarter period closed at Ksh46.6 billion, same level as last year, reflecting an operating context that was largely characterised by a compressed rates environment and as a result, net interest income dropped by 5 per cent to Ksh33.0 billion.

Absa Bank Kenya PLC Managing Director and CEO, Abdi Mohamed, stated that performance demonstrates the progress the bank is making in executing its strategic aspirations, while carefully navigating the dynamics in the operating landscape.

He noted that the improved results further demonstrate the role Absa plays in empowering the growth stories of individuals, businesses and communities through relevant financial and non-financial interventions.

The CEO highlighted that the period under review, the bank has continued to demonstrate its purpose in action: empowering Africa’s tomorrow together, one story at a time which has been achieved through the provision of financial and non-financial resources to the customers, availing the requisite support to attain their ambitions.

“We see our customers’ determination to achieve their dreams, grow their businesses and write impactful stories and these results reaffirm our commitment to continue supporting them. We remain confident in our ability to support our clients effectively and to unlock significant growth opportunities across all our businesses in Consumer, Business and Corporate and Investment Banking,” said Mohamed.

According to the managing director, the bank’s balance sheet also showed notable strength as customer deposits rose by 9 per cent to Ksh384 billion, while customer assets closed at Ksh310 billion. Equally, total assets grew by 14 per cent to Ksh554 billion, reflecting Absa’s solid financial foundation.

“Our strategy remains relevant and resilient to serve our customers in line with our purpose. In addition, we are accelerating the progressive transformation of our organisation to continue positioning ourselves for sustained outperformance,” Mohamed said.

• A Tell Media / KNA report / By Michael Omondi