Absa Kenya boosts gov't securities holdings as loans grow slowly

Absa Kenya increased its government securities investments by 19% in 2025, reaching KES 115.1 billion ($890 million), while customer loans grew only 1% to KES 312.2 billion ($2.41 billion). Profit after tax rose 10% to KES 22.9 billion ($177 million) despite subdued lending. Net interest income fell 6% to KES 43.3 billion ($335 million) as non-interest income grew 12% to KES 18.1 billion ($140 million) through digital services. About 94% of transactions now occur via mobile/online platforms, with digital lending and merchant payments driving growth. Non-funded income accounted for 29% of total revenue, up from 26% previously. Lower credit losses (32% reduction) supported profitability amid soft private sector credit demand.

SOURCE: https://techcabal.com/2026/03/04/absa-kenya-raises-government-securities-holdings/