The value of assets under Absa Bank Kenya’s custodial business has hit Sh40 billion five months after the lender returned to the niche segment, marking a payoff from its revenue diversification move.
Absa Kenya re-entered custodial service in February 2025, more than a decade after it sold a subsidiary that was engaged in similar operations to rival Standard Chartered Bank Kenya in 2010 for Sh3.5 billion.
