Absa Bank Kenya Plc
NNSEKE:ABSA31.95
KES
-0.55
(-1.69%)
ISIN
KE0000000067
Return %
Stock
S&P 500
1Y
42.63
14.20
3Y
167.36
81.12
5Y
219.50
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Yusuf Kungu Omari
- Sector
- Finance
- Industry
- Regional banks
- Address
- Nairobi Kenya
- IPO Date
- Apr 24, 1995
- Website
- absabank.co.ke
- Similar Companies
- Business
- Absa Bank Kenya Plc is a Kenya-based financial services provider that operates as a full-service commercial bank offering retail banking, business banking, corporate and investment banking, asset management, and bancassurance solutions to individuals, micro-, small-, and medium-sized enterprises (MSMEs), large corporations, and institutional clients. Founded in 1916 and headquartered in Nairobi, Kenya, the institution operates as a subsidiary of South Africa-based Absa Group Limited and is publicly listed on the Nairobi Securities Exchange. The company structures its activities across three core segments: Retail and Business Banking, Corporate and Investment Banking, and Wealth and Investment Management. Its comprehensive product and service portfolio includes consumer banking accounts such as transactional current accounts, high-yield savings accounts, fixed deposit accounts, and multi-currency accounts; consumer credit facilities comprising unsecured personal loans, residential mortgages, vehicle and asset financing, and education loans; payment and card solutions including Visa and Mastercard credit cards, debit cards, prepaid travel cards, and merchant point-of-sale acquisition systems; digital financial services accessible via the Timiza mobile lending and digital wallet platform, the Absa Kenya mobile banking application, internet banking portals, and an extensive nationwide agency banking network; enterprise solutions consisting of working capital facilities, trade financing, letters of credit, customs and bid bonds, invoice discounting, and specialized credit programs for women- and youth-owned businesses; corporate and institutional services covering structured corporate lending, syndicated debt facilities, project finance, cash management, liquidity optimization, treasury and foreign exchange hedging instruments, custodial services, and capital markets advisory; asset management solutions managed via Absa Asset Management Limited, spanning unit trusts, money market funds, balanced funds, equity funds, and offshore investment portfolios; and insurance products distributed through Absa Bancassurance Intermediary Limited, including life assurance, health cover, credit life protection, and general commercial and property insurance. Geographically, the bank maintains an expansive physical and digital presence throughout Kenya, supported by branches, automated teller machines, cash deposit machines, and agent locations, while facilitating regional corporate and trade flows across East Africa. In recent strategic developments, Absa Bank Kenya Plc has accelerated its multi-year digital transformation and sustainable finance agenda, entering strategic credit guarantee partnerships with development finance institutions, including the African Guarantee Fund, to de-risk and scale lending to MSMEs; upgrading and expanding its Timiza digital ecosystem to offer enhanced micro-lending, payments, and financial inclusion tools; deploying open application programming interface (API) architecture to streamline corporate banking integrations and merchant settlement solutions; rolling out dedicated green and climate-smart financing facilities focused on renewable energy, sustainable agriculture, and eco-efficiency projects; and expanding digital wealth management channels to broaden retail investor participation in collective investment schemes.