Absa profit jumps 30% as lending growth gains momentum.

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. <a href="https://kaya959.co.za">Kaya 959</a>