Absa’s total assets surpassed the half-trillion mark, reaching Sh515 billion. ADVERTISEMENTPulse Live KenyaThis represents a 17% increase, indicating the bank's strong financial position and growth trajectory. The bank's loans and advances also witnessed substantial growth, reaching Sh310 billion, reflecting a 28% increase. The bank's net interest income also experienced a notable growth of 36%, reaching Sh9.4 billion. Notably, new businesses within the bank, such as Absa Asset Management, stock brokerage, and bancassurance, contributed significantly to revenue growth.

Source: Daily Nation May 31, 2023 12:52 UTC