Absa Bank Kenya after-tax profit has risen 34% to Sh14.6 billion for the year ended 31 December 2022.
As a result, the lender declared a final dividend of Sh1.15 per share to be distributed on May 25 to shareholders on record as of April 28. This is in addition to an interim payout of Sh0.2 which was disbursed last year.
The total dividend for the review period has been raised 22.7 percent from Sh1.1 per share in the year before.
“The bank’s Return on Equity grew to 23 percent in the period under review, having improved from 19.3 percent the same period last year,” the bank said in a statement.
“The improvement in returns and profitability supported a total dividend per share of Sh1.35, an increase of 23 percent over the previous year.”
Absa joins other Nairobi Securities Exchange-listed lenders like Standard Chartered Bank Kenya and Stanbic Holdings in raising shareholder payouts to record levels in the review period.
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