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Absa Bank Kenya reports Q1 2025 profit up 4% to Sh6.2 billion, despite revenue drop.
Absa Bank Kenya reported a 4% rise in net profit to Sh6.2 billion for Q1 2025, despite a 4% drop in total revenue to Sh15.8 billion.
The bank cut costs by 1% and reduced impairment charges by 39%, attributing its success to operational resilience and customer confidence.
CEO Abdi Mohamed highlighted strategic investments in customer-focused initiatives and plans for continued growth across consumer, SME, and corporate segments.
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Absa Bank Kenya informa que las ganancias del primer trimestre de 2025 aumentaron un 4% a Sh6.2 mil millones, a pesar de la caída de los ingresos.