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Johannesburg - Absa Group expects loan income to remain under pressure as demand for credit in South Africa stays weak, chief executive Maria Ramos said on Tuesday.
Ramos made the comment on a conference call with reporters following the release of Absa's first-half earnings.
Absa posted an 8% increase in headline earnings to R4 663m from R4 313m and improved its return on average equity (RoE) to 14,0% from 13,7%.
The financial services group declared a special ordinary dividend of 708 cents per share and increased its interim ordinary dividend by 11% to 350 cents per share.
Ramos made the comment on a conference call with reporters following the release of Absa's first-half earnings.
Absa posted an 8% increase in headline earnings to R4 663m from R4 313m and improved its return on average equity (RoE) to 14,0% from 13,7%.
The financial services group declared a special ordinary dividend of 708 cents per share and increased its interim ordinary dividend by 11% to 350 cents per share.
