Absa Kenya profit up by a third in Q1 to Sh5.9bn

Absa Bank Kenya managing director Abdi Mohamed speaks during a past breakfast roundtable event. 

Photo credit: File | Nation Media Group

Absa Bank Kenya has posted a 33.5 percent growth in profits in the first quarter to Sh5.9 billion from Sh4.4 billion, largely on account of higher lending income in the first three months of the year.

The lender has realised an 18.8 percent growth in total operating income to Sh16.4 billion from Sh13.8 billion previously, with net interest income growing the fastest at 21.5 percent to reach Sh11.3 billion.

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