Absa Kenya, linked to Kenyan tycoon Baloobhai Patel, posts $229.3 million profit in 2024
The leading lender’s earnings soared past $220 million, fueled by strong growth in both net interest and non-interest income.
Absa Kenya
Kenyan tycoon Baloobhai Patel acquires 2.5 million shares in Absa Kenya
At the current market price, Patel’s stake in Absa Kenya is estimated to be worth $4.31 million.
Absa Kenya linked to Kenyan tycoon Baloobhai Patel secures $50-million loan from parent firm
Patel, who is known for his investments in various sectors, holds a significant stake in Absa Bank Kenya.
Kenyan tycoon Baloobhai Patel boosts bank holdings with 5 million shares in Absa Kenya
Patel’s stake in Absa Bank Kenya has risen from 42.5 million shares to 47.5 million shares.
Jeremy Awori-led Absa Kenya sees earning quadruple as profits surge above $73 million
Absa Bank Kenya, formerly Barclays Bank Kenya Limited, is a leading financial services provider in Kenya.