Interest rates have risen some 200 basis points in past year Impairment charges jump 57% in tough macroeconomic backdrop
Investec Plc will pay its highest interim dividend yet after booking double-digit growth in income from lending during the first six months.
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The specialist lender with operations in the UK and South Africa announced a 15.5 pence per share payout after posting a 15% jump in headline earnings in the six months to September, at the top end of its guidance. Net interest income rose 12% from a year ago, while the bank’s return on equity climbed to 14.6% in the period.
Source:
Bloomberg
