Absa profit jumps 30% as lending growth gains momentum.
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Absa reported its "strongest half yet" in the six months to June 2022. The bank, which has been trying to claw back market share it lost under Barclays' rule, posted a 30% growth in its headline earnings.
Its half-year dividend has more than doubled to 650c a share.
Absa's biggest business unit, the retail and business banking division (RBB), grew its headline earnings by 34% to R5.6 billion, contributing 57% of the group's earnings during this half. Absa's Corporate and Investment Bank grew its headline earnings by 5% to R4.28 billion.
Its half-year dividend has more than doubled to 650c a share.
Absa's biggest business unit, the retail and business banking division (RBB), grew its headline earnings by 34% to R5.6 billion, contributing 57% of the group's earnings during this half. Absa's Corporate and Investment Bank grew its headline earnings by 5% to R4.28 billion.
