Absa customer loans grow despite higher interest rates

More people are taking out more loans from Absa with gross customer loans growing in the high single digits, despite the SA Reserve Bank hiking interest rates to battle high inflation.

The bank sees headline earnings per share increasing more than 20% compared to the 986.2c at end-June 2021...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Source: Loan Digest (loandigest.net)

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