Absa Group Ltd.’s profit rose to a record as business outside the lender’s home market of South Africa surged.
Headline earnings climbed 12% to 24.8 billion rand ($1.5 billion), the Johannesburg-based lender said in a filing on Tuesday. It declared a final dividend of 8.50 rand per share, bringing the total payout for the year to 16.35 rand, the highest on record.
