ABSA Bank Kenya (NAI:ABSA) Tax Rate % : 30.42% (As of Dec. 2023)

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What is ABSA Bank Kenya Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. ABSA Bank Kenya's Tax Expense for the three months ended in Dec. 2023 was KES1,776 Mil. ABSA Bank Kenya's Pre-Tax Income for the three months ended in Dec. 2023 was KES5,837 Mil. Therefore, ABSA Bank Kenya's Tax Rate % for the quarter that ended in Dec. 2023 was 30.42%.

ABSA Bank Kenya Tax Rate % Historical Data

The historical data trend for ABSA Bank Kenya's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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ABSA Bank Kenya Tax Rate % Chart

ABSA Bank Kenya Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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30.65

26.28

30.09

30.04

30.88

ABSA Bank Kenya Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Tax Rate %	Get a 7-Day Free Trial															32.14	30.67	31.80	-	30.42

ABSA Bank Kenya Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

ABSA Bank Kenya's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	7311	/	23678
	=	30.88 %

ABSA Bank Kenya's Tax Rate % for the quarter that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2023 )	/	Pre-Tax Income (Q: Dec. 2023 )
	=	1775.828	/	5837.443
	=	30.42 %

ABSA Bank Kenya Tax Rate % Related Terms

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ABSA Bank Kenya (NAI:ABSA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » ABSA Bank Kenya PLC (NAI:ABSA) » Definitions » Tax Rate %

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Address

Waiyaki Way, P.O. Box 30120, Nairobi, KEN, 00100

Website

https://www.absabank.co.ke

ABSA Bank Kenya PLC is a diversified financial services company offering clients a range of retail, business, corporate and investment, and wealth management solutions. The company's operating segment includes Consumer banking and Corporate banking. It generates maximum revenue from the Consumer Banking segment. The Consumer Banking segment incorporates private customer current accounts, savings, deposits, credit and debit cards, consumer loans, and mortgages. Its Corporate Banking segment includes the business model that centers on delivering specialist investment banking, financing, risk management, and advisory solutions across asset classes to corporates, financial institutions, and government clients.

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