ABSA Kenya

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ABSA Kenya has released its 9M 21 results, which see EPS jumping to KES1.52 from KES0.35 in 9M 20. ABSA Kenya has a strong retail network that it can leverage to increase fee and commission income from digital channels. ABSA's higher-than-industry ne...

Kenya banks' sector-wide profit before tax (PBT) grew 68% yoy in Q3 21, according to the latest data from Central Bank of Kenya. Q4 21 expectations: Despite the positive private sector credit growth momentum witnessed in Q2 21 and Q3 21, we do not ex...

The Central Bank of Kenya (CBK) has released a new study on small and medium-sized enterprises (SMEs), already an important sector for Kenyan banks but one with a great deal of growth potential. The banking sector is currently dealing with a decade-h...

Absa Kenya released H1 21 earnings where EPS more than tripled to KES1.03 from KES0.11 in H1 20. In addition, loan impairment charges declined by 64% yoy. Absa was overtaken by local banks in the market due to the latter's ability to quickly integrat...

According to the latest data from Central Bank of Kenya, the country's banks recorded a 97% yoy increase in profit before tax (PBT) for the first two months of Q2 21 (April and May). Lower provision charges given that Q2 20 saw banks accelerate their...

According to new Central Bank of Kenya (CBK) data, total agency banking transaction value in H1 21 grew by 52% yoy to KES3.3bn. The growth in overall transaction values tallies with the continued shift to digital transactions that the pandemic has ac...