South African lender Absa posts 17% rise in half-year profit

JOHANNESBURG (Reuters) -South African lender Absa Group on Monday posted a 17% rise in half-year headline earnings as credit impairments declined and pre-provision profit grew.

The lender posted headline earnings of 11.9 billion rand ($677 million) in the six months ended on June 30.

The group declared an interim dividend of 785 cents per share.

($1 = 17.5654 rand)

(Reporting by Nqobile Dludla; Editing by Tom Hogue)

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