×
App Icon
The Standard e-Paper
Fearless, Trusted News
★★★★ - on Play Store
Download App

Absa profit drops 23 per cent to Sh6.5b

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.

Premium Article

Get Full Access for Ksh299/Week.

Fact-first reporting that puts you at the heart of the newsroom. Subscribe for full access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902