Edition:
India

Absa Group Ltd (ABGJ.J)

ABGJ.J on Johannesburg Stock Exchange

16,814.00ZAc
6:40pm IST
Change (% chg)

-392.00 (-2.28%)
Prev Close
17,206.00
Open
16,956.00
Day's High
16,995.00
Day's Low
16,568.00
Volume
1,608,448
Avg. Vol
2,417,822
52-wk High
18,822.00
52-wk Low
13,628.00

Latest Key Developments (Source: Significant Developments)

Absa Group Reports HY IFRS Headline Earnings Per Ordinary Share 920 Cents
Tuesday, 13 Aug 2019 

Aug 13 (Reuters) - Absa Group Ltd ::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%.  Full Article

Absa Group Says Reiterates Guidance For 2018
Friday, 7 Dec 2018 

Dec 7 (Reuters) - Absa Group Ltd ::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.  Full Article

ABSA Says Charles Russon Appointed CEO, Corporate And Investment Bank
Monday, 5 Nov 2018 

Nov 5 (Reuters) - Absa Bank Ltd ::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.  Full Article

Absa Group Says HY Diluted IFRS HEPS Decreased 4 Pct To 877.8 Cents
Monday, 6 Aug 2018 

Aug 6 (Reuters) - Absa Group Ltd ::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.  Full Article

Barclays Africa Says Plans To Change Name To 'Absa Group Ltd'
Thursday, 1 Mar 2018 

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