Absa retains dividend payout as half-year profit surges 29pc

Absa Bank Kenya has posted a 28.9 percent growth in half-year net profit to Sh10.7 billion, up from Sh8.3 billion last year on higher income from lending.

The lender’s total operating income improved by 16.4 percent in the period to Sh31.8 billion, up from Sh27.3 billion supported largely by a 19.7 percent jump in net interest income.