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Absa Group Ltd (ABGJ.J)

ABGJ.J on Johannesburg Stock Exchange

16,761.00ZAc
17 May 2019
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Thu, Apr 18 2019

South Africa's PIC denies considering ex-Absa executive as next CEO

JOHANNESBURG, April 18 South Africa's state pension fund denied considering a former banking executive as its next chief executive as it seeks to fill a position which has become increasingly sensitive given the successive departures of its CEO and temporary replacement.

Absa sees Nigeria expansion plan ready for second half

JOHANNESBURG, April 10 South African lender Absa is aiming to make a start on its investment bank-focused expansion into Nigeria in the second half of this year, chief executive of the division, Charles Russon, told Reuters.

UPDATE 2-South African bank Absa considers Ethiopian entry over time

JOHANNESBURG, March 11 South Africa's Absa is considering entering Ethiopia, where lenders are hoping reformist Prime Minister Abiy Ahmed will liberalise an antiquated and state-dominated banking sector.

South African bank Absa could cut hundreds of jobs, union says

JOHANNESBURG, March 7 South African bank Absa could cut hundreds of jobs at its retail and business banking unit as part of a planned restructuring, a union representing workers in the financial sector said on Thursday.

UPDATE 2-S.Africa's Absa seeks new blood after decade under Ramos

* Chairwoman says external candidate to be in place in one year

S.Africa's Absa seeking external replacement for retiring CEO

JOHANNESBURG, Jan 29 South African lender Absa will be seeking an external candidate to replace its CEO Maria Ramos, who is retiring at the end of February after ten years at the helm, Chairwoman Wendy Lucas-Bull said on Tuesday.

South Africa's Absa CEO to retire at end of February

JOHANNESBURG Jan 29 South African lender Absa said on Tuesday its chief executive Maria Ramos, who has been at the helm for ten years, will retire at the end of February, after the firm completed its separation from Barclays PLC and relaunched its brand.

UPDATE 1-SocGen and Absa join forces on wholesale banking in Africa

* Shares in both banks flat, investors sceptical (Recasts, adds Absa interview, context, shares, investor comment)

SocGen sells South African custody, trustee, clearing Unit to ABSA

PARIS, Jan 18 French bank Societe Generale said on Friday it agreed to sell its South African unit offering custody, trustee and clearing services to South Africa-listed bank ABSA as part of a strategy to review its scope of businesses.

Absa planting seeds in London

LONDON, Nov 22 (IFR) - Absa is looking to expand its capital markets operations in London. The South African bank wants to appoint origination and syndication bankers to cover the debt capital markets from the UK.

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