The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
Jeremy Awori, Absa Chief Executive Officer (PHOTO: FILE)
Absa Bank Kenya has reported a 23 per cent decline in earnings mainly attributed to Covid-19 related provisions.
The lender posted a profit after tax of Sh6.5 billion. The normalised performance excludes an exceptional cost of Sh3.2 billion which went towards the brand transition to Absa and restructuring programmes.
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