Absa and NCBA buck the trend with interim dividends pay-out

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NCBA branch in Nairobi. FILE PHOTO | NMG

NCBA Group and Absa Bank Kenya have bucked the trend among tier one lenders in the first half of the year by paying interim dividends to their shareholders, indicating optimism of continued income growth in a challenging economic environment due to the high cost of living.

NCBA on Thursday said it is paying an interim dividend of Sh2 per share, translating to a total payout of Sh3.29 billion.

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