Absa Bank Kenya Posts First Profit Decline Since 2017 as Rates Fall and Costs Rise

Absa Bank Kenya Posts First Profit Decline Since 2017 as Rates Fall and Costs Rise

Absa Bank Kenya recorded its first decline in quarterly profit after tax since 2017, as falling interest rates squeezed revenue across both funded and non-funded income lines and a sharp, unexplained surge in staff costs added pressure to an already compressed margin environment. The bank posted a profit after tax of KSh 5.31 billion for [...] The post Absa Bank Kenya Posts First Profit Decline Since 2017 as Rates Fall and Costs Rise appeared fi…

Absa Bank Kenya Q1 Net Profit Drops 13% to Ksh5.3B

Absa Bank Kenya PLC has posted a profit after tax of KSh5.3 billion and achieved a Return on Equity of 20.3% for the quarter ended March 31, 2026, reflecting its continued commitment to supporting customers while strengthening long-term resilience amid a challenging operating environment. With sustained investment in customer-focused innovation, sound risk management, and disciplined … The post Absa Bank Kenya Q1 Net Profit Drops 13% to Ksh5.3B …