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Absa Group Ltd

ABGJ.J

Latest Trade

16,410.00ZAc

Change

371.00(+2.31%)

Volume

2,185,268

Today's Range

15,915.00

 - 

16,539.00

52 Week Range

13,628.00

 - 

18,822.00

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

Latest Developments

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

Aug 13 (Reuters) - Absa Group Ltd <ABGJ.J>::ABSA GROUP LTD HY IFRS HEADLINE EARNINGS PER ORDINARY SHARE 920.0 CENTS.ABSA GROUP LTD HY IFRS BASIC EARNINGS PER SHARE 918.9 CENTS.ABSA GROUP LTD - HY NORMALISED HEPS 977.5 CENTS.ABSA GROUP LTD HY IFRS RETURN ON EQUITY 14.0% VERSUS 14.1%.ABSA GROUP LTD - HY NORMALISED ROE 16.4%.ABSA GROUP LTD HY IFRS DIVIDEND PER ORDINARY SHARE 505 CENTS.ABSA GROUP LTD HY LOANS AND ADVANCES TO CUSTOMERS R882BN (30 JUNE 2018: R781BN).ABSA GROUP LTD - HY-END COMMON EQUITY TIER 1 RATIO 12.5% (30 JUNE 2018: 13.3%).ABSA GROUP LTD HY IFRS NET INTEREST MARGIN 4.52% VS 4.69%.

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

Aug 12 (Reuters) - Absa Group Ltd <ABGJ.J>::ABSA GROUP LTD - BOARDS OF ABSA GROUP AND ABSA BANK HAVE COMPLETED THEIR PROCESSES TO APPOINT A GROUP CHIEF EXECUTIVE OFFICER.ABSA GROUP LTD - INDIVIDUAL TO TAKE ON AS CEO WILL BE ANNOUNCED IN DUE COURSE AND WILL TAKE UP OFFICE IN JANUARY 2020.

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

March 11 (Reuters) - Absa Group Ltd <ABGJ.J>::FY DILUTED NORMALISED HEPS GREW 4% TO 1 910.0 CENTS FROM 1 845.4 CENTS.FY GROUP DECLARED A 4% HIGHER FULL YEAR DIVIDEND PER SHARE (DPS) OF 1 110 CENTS.FY REVENUE GREW 4% TO R75.7BN ON NORMALISED BASIS.FY RETURN ON EQUITY (ROE) DECLINED TO 13.4% FROM 14.2%.FY NET ASSET VALUE (NAV) PER SHARE INCREASED 1% TO 13 233 CENTS.FY HEPS, WHICH INCLUDED R3.2BN OF SEPARATION COSTS, RECOGNISED AS OPERATING EXPENSES, DECREASED 1% TO 1 703.7 CENTS.FY REVENUE INCREASED 4% TO R76.5BN ON IFRS BASIS.NORMALISED CET1 AND TOTAL CAPITAL ADEQUACY RATIOS WERE 12.0% AND 15.4% AT FY END (FROM 12.1% AND 14.9%), RESPECTIVELY.OUR NET INTEREST MARGIN IS LIKELY TO DECLINE SLIGHTLY FOR 2019.GROUP CET1 RATIO SHOULD REMAIN ABOVE BOARD TARGETS AND CO IS COMFORTABLE WITH DIVIDEND COVER AT CURRENT LEVELS FOR 2019.ROE SHOULD INCREASE SLIGHTLY IN 2019, ON PATH TO ACHIEVING OUR TARGET OF 18% TO 20% BY 2020.

Absa Group Says Reiterates Guidance For 2018

Dec 7 (Reuters) - Absa Group Ltd <ABGJ.J>::ABSA GROUP - REITERATE GUIDANCE FOR 2018, INCLUDING THAT NORMALISED RETURN ON EQUITY IS EXPECTED TO INCREASE SLIGHTLY FROM 16.5% IN 2017.ABSA GROUP LTD - AIM TO ACHIEVE A NORMALISED GROUP RETURN ON EQUITY OF 18% TO 20% BY 2021, WHILE MAINTAINING AN UNCHANGED DIVIDEND POLICY.ABSA GROUP - AIM TO CONSISTENTLY REDUCE NORMALISED COST-TO-INCOME RATIO TO REACH LOW 50S BY 2021.ABSA GROUP - AIM TO GROW REVENUE FASTER, ON AVERAGE, THAN SA BANK SECTOR FROM 2019 TO 2021.

ABSA Says Charles Russon Appointed CEO, Corporate And Investment Bank

Nov 5 (Reuters) - Absa Bank Ltd <ABSPp.J>::ABSA BANK LTD - ABG - ABSP - EXECUTIVE APPOINTMENTS AND CHANGE TO ABSA GROUP AND ABSA BANK BOARDS.ABSA BANK - CHARLES RUSSON APPOINTED CHIEF EXECUTIVE: CORPORATE AND INVESTMENT BANK, IN RESPECT OF ABSA GROUP AND ABSA BANK, WITH IMMEDIATE EFFECT.ABSA BANK LTD - PAUL O'FLAHERTY BECOMES CHIEF EXECUTIVE: ENGINEERING SERVICE.

Absa Group Says HY Diluted IFRS HEPS Decreased 4 Pct To 877.8 Cents

Aug 6 (Reuters) - Absa Group Ltd <ABGJ.J>::HY DILUTED IFRS HEADLINE EARNINGS PER SHARE (HEPS), WHICH INCLUDES R1.4BN OF SEPARATION COSTS DECREASED 4% TO 877.8 CENTS.AN INTERIM DIVIDEND OF 490 CENTS WAS DECLARED REPRESENTING A 3% YEAR-ON-YEAR INCREASE.HY ABSA GROUP LTD'S IFRS COMMON EQUITY TIER 1 (CET 1) RATIO OF 13.3% REMAINS ABOVE REGULATORY REQUIREMENTS AND OUR BOARD TARGET RANGE.HY NORMALISED DILUTED HEPS GREW 3% (5% ON A CONSTANT CURRENCY BASIS) TO 949.5 CENTS.HY IFRS REVENUE GREW 3% TO R37.6BN.HY IFRS NET ASSET VALUE (NAV) PER SHARE ROSE 1% TO 12 829 CENTS.HY IFRS NON-INTEREST INCOME GREW 5% TO R16,267M FROM R15,532M.HY NET INTEREST INCOME INCREASED 3% TO R21,363 MILLION FROM R20,837 MILLION (NORMALISED: INCREASE OF 2% TO R21,188 MILLION FROM R20,791 MILLION).IN SOUTH AFRICA GROWTH PROSPECTS REMAIN CHALLENGING GIVEN SUBDUED BUSINESS CONFIDENCE AND HEADWINDS TO HOUSEHOLD SPENDING."EXPECT RESERVE BANK TO LEAVE INTEREST RATES UNCHANGED FOR SOME TIME".EXPECT LOAN AND DEPOSIT GROWTH TO IMPROVE IN 2018.OUTLOOK ON EMERGING MARKET GROWTH REMAINS SOLID ON THE BACK OF BETTER GROWTH IN DEVELOPED ECONOMIES AND RISING COMMODITY PRICES.NET INTEREST MARGIN IS LIKELY TO DECLINE SLIGHTLY THIS YEAR.EXPECT CREDIT LOSS RATIO TO IMPROVE IN 2018.CET1 RATIO IS EXPECTED TO REMAIN ABOVE BOARD TARGETS FOR 2018, WHICH WILL ALLOW TO MAINTAIN CURRENT DIVIDEND COVER.COSTS WILL REMAIN WELL CONTROLLED AND CO'S OPERATING JAWS SHOULD IMPROVE FROM LAST YEAR'S BUT IS UNLIKELY TO BE POSITIVE IN FY.

KPMG South Africa Says "Disappointed By, But Fully Accept" Barclays Africa Decision To Withdrew AGM Recommendation To Reappoint Firm As Auditors

May 3 (Reuters) - KPMG South Africa::STATEMENT IN RESPONSE TO BARCLAYS AFRICA GROUP DECISION.NOTES ANNOUNCEMENT TODAY FROM BARCLAYS AFRICA THAT THEY WITHDREW RECOMMENDATION TO REAPPOINT FIRM AS AUDITORS AT AGM."DISAPPOINTED BY, BUT FULLY ACCEPT, THE DECISION" BY BARCLAYS AFRICA.

Absa says Barclays Africa has withdrawn Ordinary Resolution dealing with re-appointment of KPMG from consideration at AGM

May 3 (Reuters) - Absa Bank Ltd <ABSPp.J>::BARCLAYS AFRICA WITHDRAWN RESOLUTION DEALING WITH RE-APPOINTMENT OF KPMG FROM CONSIDERATION AT AGM TO BE HELD ON TUESDAY, 15 MAY.APPOINTMENT OF KPMG AS EXTERNAL AUDITOR WILL CEASE ON COMPLETION OF AUDIT AND REPORTING MATTERS RELATING TO 2017 FINANCIAL YEAR.CURRENT REQUIREMENT OF SARB THAT CO REQUIRE TWO EXTERNAL AUDITORS ACTING JOINTLY.TO START A FORMAL PROCESS TO APPOINT A SECOND FIRM OF AUDITORS.

Absa Banks Says New Structure Will Consist Of 4 Businesses

April 9 (Reuters) - Absa Bank Ltd <ABSPp.J>::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.

Barclays Africa Says Plans To Change Name To 'Absa Group Ltd'

March 1 (Reuters) - Barclays Africa Group Ltd <BGAJ.J>::TO CHANGE GROUP'S NAME FROM "BARCLAYS AFRICA GROUP LTD" TO "ABSA GROUP LTD", SUBJECT TO REGULATORY AND SHAREHOLDERS' APPROVAL​.

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

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