Absa Q1 profit rises 3.6pc to Sh6bn on lower costs

Absa Bank Kenya CEO and managing director Abdi Mohamed.

Photo credit: File | Nation Media Group

Absa Bank Kenya has reported a 3.6 percent growth in profit after tax for the three-month period ended March riding on cost cutting.

The subsidiary of South Africa-based Absa Group reported a net profit of Sh6.1 billion for the first quarter, up from Sh5.9 billion in a similar period a year earlier.

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Note: The results are not exact but very close to the actual.