Absa makes R4,6 billion in just six months

The group has declared an interim dividend of 292 cents. The 75% increase in Retail Banking's headline earnings was the principal reason for the group's growth.

Times Live quotes Absa as saying that despite indications that the South African economy is improving, the operating environment [for banks] was expected to remain challenging and that sector revenue growth was likely to be subdued.

Read more:

• Business Live: Absa reports increase in earnings

• Absa Annual & Interim Results