Absa lifts dividend 17pc on net profit growth to Sh22.9bn

Absa Bank Kenya CEO and managing director Abdi Mohamed.

Photo credit: File | Nation Media Group

Absa Bank Kenya has increased its dividend payout by 17.1 percent to Sh2.05 per share amounting to Sh11.1 billion on the back of a 10 percent rise in net profit for the full year to December to Sh22.9 billion.

The lender announced that its board had recommended a final dividend of Sh1.85 per share bringing the total payout to Sh2.05 when added to the interim payout of Sh0.20.

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