ABSA Bank and Prime Bank have reported strong financial performance for the first nine months of 2025, posting substantial profits.
According to their respective financial statements released on November 18, ABSA Bank reported a profit after tax of KSh 16.9 billion, while Prime Bank reported a profit after tax of KSh 3.0 billion.
“The directors confirmed that these results are extracts from the bank’s books. The full financial statements are available on Prime Bank’s website,” read part of the Prime Bank’s statement.
ABSA Bank Posts KSh 16.9 Billion Profit in Q3 2025, Up 14.7% YoY
ABSA Bank has reported strong financial performance for the third quarter of 2025, with a profit after tax (PAT) of KSh 16.9 billion, marking a 14.7% increase compared to the same period last year.
“The results reflect the Group’s focus on expanding its presence in Kenya, together with a story of timely execution focused on delivering sustainable growth. Profit after tax grew by 20% year-on-year to KES 30 billion, supported by strong underlying revenue growth of 18% year-on-year,” read part of the directors’ statement.
Total assets grew 14.4% to KSh 554.3 billion, reflecting expansion in the bank’s balance sheet. Meanwhile, loans and advances declined slightly by 0.6%, totaling KSh 309.7 billion.
Additionally, customer deposits increased by 9.2% to KSh 384.3 billion, indicating stable growth in funding.
However, net interest income fell 4.6% to KSh 33 billion, reflecting pressure on interest margins.
Also Read: Absa Bank Kenya Revenue Drops in First Half of 2025
On the other hand, non-interest income increased by 11.2% to KSh 13.6 billion, driven by fees and commissions.
Furthermore, loan loss provisions declined sharply by 39.6% to KSh 4.8 billion, signalling improved asset quality.
Prime Bank Posts KSh 4.4 Billion Profit in Q3 2025
Prime Bank reported a profit after tax of KSh 4.4 billion for the nine-month period ended September 2025, reflecting a 29.5 percent increase compared to the same period in 2024.
Net interest income rose by 52 percent to KSh 6.97 billion, driven by stronger yields and increased lending activity.
The loan book recorded a marginal expansion of 0.15 percent to KSh 56.2 billion. Customer deposits increased by 15.6 percent to KSh 156.7 billion, supporting the bank’s liquidity position and funding structure.
Gross non-performing loans declined by 18.3 percent to KSh 5.3 billion, indicating improved credit risk management and successful recovery efforts.
The reduction in NPLs contributed to lower impairment charges and supported overall profitability.
Prime Bank’s performance over the nine-month period demonstrates sustained growth across key revenue lines, a stable loan portfolio, and an improving risk profile.
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The bank incurred total expenses of KSh 7.0 billion, including staff costs of KSh 2.8 billion, other operating expenses of KSh 3.2 billion, and loan loss provisions of KSh 1.0 billion.
Prime Bank’s total assets stood at KSh 312.5 billion, supported by cash and cash equivalents of KSh 18.4 billion, government securities of KSh 42.6 billion, and net loans and advances of KSh 73.7 billion. Deposits and balances due from local banks accounted for KSh 138.5 billion.
On the liabilities side, customer deposits totaled KSh 235.9 billion, while borrowings amounted to KSh 15.5 billion, resulting in total liabilities of KSh 251.4 billion.
Shareholders’ equity was reported at KSh 52.7 billion, maintaining a capital adequacy ratio of 22.5%.
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