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United Kingdom

Absa Group Ltd (ABGJ.J)

ABGJ.J on Johannesburg Stock Exchange

15,500.00ZAc
14 Nov 2018
Change (% chg)

-200.00 (-1.27%)
Prev Close
15,700.00
Open
15,900.00
Day's High
15,900.00
Day's Low
15,350.00
Volume
1,869,900
Avg. Vol
2,966,461
52-wk High
21,000.00
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13,628.00

Latest Key Developments (Source: Significant Developments)

Absa Banks Says New Structure Will Consist Of 4 Businesses
Monday, 9 Apr 2018 

April 9 (Reuters) - Absa Bank Ltd ::CHANGES TO GROUP STRUCTURE AND MANAGEMENT.SOUTH AFRICA BANKING WILL CEASE TO BE A MANAGEMENT OR REPORTING SEGMENT.DAVID HODNETT, CURRENTLY DEPUTY CHIEF EXECUTIVE, WILL TAKE A TWO-MONTH SABBATICAL..NEW STRUCTURE WILL CONSIST OF 4 BUSINESSES, INCLUDING RETAIL AND BUSINESS BANKING SOUTH AFRICA; CORPORATE AND INVESTMENT BANKING.ARRIE RAUTENBACH BECOMES CHIEF EXECUTIVE OFFICER OF RBB SOUTH AFRICA.NEW STRUCTURE WILL CONSIST OF 4 BUSINESSES, INCLUDING REST OF AFRICA BANKING; AND WEALTH, INVESTMENT MANAGEMENT AND INSURANCE (WIMI).PETER MATLARE, CURRENTLY DEPUTY CHIEF EXECUTIVE, REMAINS RESPONSIBLE FOR REST OF AFRICA BANKING.NOMKHITA NQWENI CONTINUES AS CHIEF EXECUTIVE OFFICER, WIMI..CIB REMAINS UNDER JOINT LEADERSHIP OF TEMI OFONG AND MIKE HARVEY.  Full Article

Absa Bank Says Barclays Separation ‍Process Will Have Impact On Financial Results For Next Few Years​
Thursday, 1 Mar 2018 

March 1 (Reuters) - Absa Bank Ltd ::‍PROCESS OF BARCLAYS PLC SEPARATION OF WILL HAVE AN IMPACT ON ABSA'S FINANCIAL RESULTS FOR NEXT FEW YEARS​.  Full Article

Barclays Africa Says FY ‍Normalised Diluted HEPS Grew 4 Pct
Thursday, 1 Mar 2018 

March 1 (Reuters) - Barclays Africa Group Ltd ::FY ‍NORMALISED DILUTED HEADLINE EARNINGS PER SHARE (HEPS) GREW 4% TO 1,837.7 CENTS​.‍DECLARED A 4% HIGHER FULL YEAR DIVIDEND PER SHARE (DPS) OF 1070 CENTS​.FY ‍NORMALISED RETURN ON EQUITY (ROE) DECLINED SLIGHTLY TO 16,4% AND RETURN ON ASSETS (ROA) IMPROVED TO 1,38%​.FY ‍NORMALISED REVENUE GREW 1% TO R72,9BN AND OPERATING EXPENSES ROSE 4% TO R41,4BN​.FY ‍CREDIT IMPAIRMENTS FELL 20% TO R7,0BN, RESULTING IN A 0,87% CREDIT LOSS RATIO FROM 1,08​.‍EXPECT LOAN AND DEPOSIT GROWTH TO IMPROVE IN 2018​.‍FY NORMALISED COMMON EQUITY TIER 1 (CET1) RATIO OF 12,1% REMAINS ABOVE REGULATORY REQUIREMENTS AND ITS BOARD TARGET RANGE​.‍NET INTEREST MARGIN IS LIKELY TO DECLINE SLIGHTLY THIS YEAR​.‍EXPECT A STABLE CREDIT LOSS RATIO IN 2018​.FY ‍NAV PER SHARE INCREASED 5% TO 11 550 CENTS ON A NORMALISED BASIS​.‍2018 CET1 RATIO IS LIKELY TO REMAIN ABOVE BOARD TARGETS​.‍EXPECTS TO MAINTAIN CURRENT DIVIDEND COVER​.‍NORMALISED ROE SHOULD IMPROVE SLIGHTLY IN 2018​.FY ‍RATIO OF NON-PERFORMING LOANS (NPLS) TO GROSS LOANS AND ADVANCES IMPROVED TO 3,7% FROM 3,9%​.‍FY NET INTEREST INCOME INCREASED 1% TO R42 319M FROM R42 003M​.FY ‍NET INTEREST MARGIN (ON AVERAGE INTEREST-BEARING ASSETS) WAS FLAT AT 4,95%​.‍FY NON-INTEREST INCOME GREW 1% TO R30 581M​.  Full Article

Barclays To Cut Stake In Barclays Africa To 14.9 Pct
Friday, 1 Dec 2017 

Dec 1 (Reuters) - Barclays Plc ::‍REDUCTION OF BARCLAYS' SHAREHOLDING IN BARCLAYS AFRICA GROUP LIMITED​.‍TOTAL SHAREHOLDING IN BAGL FOR REGULATORY REPORTING PURPOSES WILL REDUCE FROM 21.9% TO 14.9%​.‍SETTLEMENT OF TRANSFER IS EXPECTED TO OCCUR ON 5 DECEMBER 2017​.  Full Article

Barclays Africa says Barclays Plc reduces total interest to 14.9 pct​
Friday, 1 Dec 2017 

Dec 1 (Reuters) - BARCLAYS AFRICA GROUP LTD ::‍FOLLOWING CONTRIBUTION TO INTERIM B-BBEE STRUCTURE, TRANSFER TO FINANCIAL INSTITUTIONS, BARCLAYS' TOTAL INTEREST IN BARCLAYS AFRICA IS AT 14.9%​.  Full Article

Absa Bank concludes $100 mln agreement with China Development Bank
Friday, 18 Aug 2017 

Aug 18 (Reuters) - ‍ABSA BANK LTD::CO, A SUBSIDIARY OF BARCLAYS AFRICA GROUP, AND CHINA DEVELOPMENT BANK CONCLUDE A $100 MILLION AGREEMENT​.‍INITIAL DRAWDOWN BASED ON CO'S CURRENT FUNDING NEEDS AND MAY BE INCREASED IN FUTURE TO ASSIST WITH NEW FUNDING OPPORTUNITIES WITHIN BAGL'S OPERATIONS​.  Full Article

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South Africa land prices stable despite uncertainty on land issue - banking group

JOHANNESBURG Land prices are "broadly stable" despite uncertainty as the ruling ANC moves to change the constitution to expropriate land without compensation, the Banking Association of South Africa said on Thursday.