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Absa Group Ltd

ABGJ.J

Latest Trade

16,649.00ZAc

Change

-83.00(-0.50%)

Volume

965,089

Today's Range

16,335.00

 - 

16,851.00

52 Week Range

13,628.00

 - 

18,822.00

As of on the Johannesburg Stock Exchange ∙ Minimum 15 minute delay

Pricing

Previous Close
16,732.00
Open
16,851.00
Volume
965,089
3M AVG Volume
48.12
Today's High
16,851.00
Today's Low
16,335.00
52 Week High
18,822.00
52 Week Low
13,628.00
Shares Out (MIL)
831.25
Market Cap (MIL)
141,828.70
Forward P/E
8.35
Dividend (Yield %)
6.72

Next Event

Absa Group Ltd Corporate Investor Day

Latest Developments

More

Absa Group Reports HY IFRS Headline Earnings Per Ordinary Share 920 Cents

Absa Group And Absa Bank Have Completed Their Processes To Appoint Group CEO

Absa Group FY Diluted Normalised HEPS Grew 4 Pct To 1 910 Cents

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About Absa Group Ltd

Absa Group Limited, formerly Barclays Africa Group Limited, is a diversified financial services provider offering an integrated set of products and services across personal and business banking, credit cards, corporate and investment banking, wealth and investment management and insurance. The Company's segments include Retail and Business Banking (RBB), which includes Retail Banking South Africa, Business Banking South Africa and RBB Rest of Africa; Corporate and Investment Bank (CIB), which includes CIB South Africa and CIB Rest of Africa, and Wealth, Investment Management and Insurance (WIMI).The Retail Banking South Africa offers a suite of retail banking products and services to individuals and provides asset finance to commercial customers. The Business Banking South Africa operates a coverage model based on specific customer value propositions aligned to customer and client needs and range from direct interactions via multi-channel interfaces, such as electronic banking.

Industry

Regional Banks

Contact Info

7th Floor

Absa Towers, West 15 Troye Street

+27.11.3504000

https://www.absa.africa/absaafrica/

Executive Leadership

Wendy Elizabeth Lucas-Bull

Non-Executive Independent Chairman of the Board

Rene van Wyk

Group Chief Executive Officer, Executive Director

Peter Bambatha Matlare

Deputy Chief Executive Officer and Chief Executive: Absa Regional Operations and Executive Director

Bongiwe Gangeni

Deputy Chief Executive: Retail and Business Banking South Africa

Jason Quinn

Finance Director, Executive Director

Key Stats

2.33 mean rating - 12 analysts
Sell
Hold
Buy
Revenue (MM, ZAR)

2016

72.4K

2017

73.3K

2018

76.5K

2019(E)

80.3K
EPS (ZAR)

2016

17.690

2017

18.380

2018

19.120

2019(E)

20.026
Price To Earnings (TTM)
9.72
Price To Sales (TTM)
1.64
Price To Book (MRQ)
1.19
Price To Cash Flow (TTM)
7.15
Total Debt To Equity (MRQ)
159.31
LT Debt To Equity (MRQ)
159.31
Return on Investment (TTM)
--
Return on Equity (TTM)
1.21

Latest News

UPDATE 2-Absa's profit rise clouded by mixed results underneath

* H1 headline earnings per share 918.4 cents vs 877.8 last year

South Africa's Absa PMI expands for first time in 7 months

South Africa's seasonally adjusted Absa Purchasing Managers' Index (PMI) moved into expansion for the first time in seven months in July, as improved demand saw sales and business activity improve, the survey showed on Thursday.

South Africa's Absa PMI drops in May

South Africa's seasonally adjusted Absa Purchasing Managers' Index (PMI) for May fell as business activity and new sales orders declined, the survey showed on Monday.

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

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

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

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

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

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

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

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

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.

South Africa's Absa PMI remains in contraction in September

South Africa's seasonally adjusted Absa Purchasing Managers' Index (PMI) fell slightly in September, weighed down by a fall in new sales orders and employment, a survey showed on Monday.

UPDATE 1-South Africa's Absa PMI falls to 13-month low in August

South Africa's seasonally adjusted Absa Purchasing Managers' Index (PMI) fell to 13-month low in August driven by large declines in new sales, business activity and also possibly by talk over land reforms, a survey showed on Monday.

UPDATE 1-South Africa's Absa H1 profit down 4 percent

South African lender Absa Group reported a 4 percent fall in half-year profit on Monday, weighed down by costs related to its separation from former parent Barclays.

South Africa's Absa H1 profit down 4 percent

South African lender Absa Group reported a 4 percent fall in half-year profit on Monday, weighed down by costs related to its separation from former parent Barclays .

Bank while you chat on WhatsApp with South Africa's Absa

South Africa's Absa Group on Wednesday officially launched Whatsapp banking, in its latest push to become a digitally-led African bank, with more than 10,000 customers already registered to date since early July.

SocGen prepares to exit South Africa, in talks with Absa - sources

Societe Generale <SOGN.PA> is in talks with South African lender Absa <ABGJ.J> about selling its local unit as the French bank prepares to pull out of Africa's most industrialised economy, two sources familiar with matter said.

South Africa's Absa PMI up in July as new sales orders rise

South Africa's seasonally adjusted Absa Purchasing Managers' Index (PMI) rose in July supported by an uptick in new sales orders and business activity, a survey showed on Wednesday.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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