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May 27, 2008

Abil earnings rise 11% on strong growth

African Bank Investments Limited (Abil) posted an 11 percent rise in headline earnings a share to R1.25 for the six months to March as price reductions "facilitated" strong growth momentum, the listed microlender said yesterday.


Leon Kirkinis, the chief executive of Abil, said gross advances increased to R18.6 billion from R9 billion while headline earnings rose from R567 million to R805 million.

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Posted by StaffWriter at May 27, 2008 8:48 AM