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Barclays Africa Group Ltd (BGAJ.J)

BGAJ.J on Johannesburg Stock Exchange

16,450.00ZAc
18 May 2018
Change (% chg)

-511.00 (-3.01%)
Prev Close
16,961.00
Open
17,063.00
Day's High
17,172.00
Day's Low
16,450.00
Volume
3,060,196
Avg. Vol
3,378,153
52-wk High
21,000.00
52-wk Low
13,493.00

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

Absa Bank says Jason Quinn appointed Barclays Africa financial director
Monday, 15 Aug 2016 

Absa Bank Ltd : Appointment of group financial director . Jason Quinn has been appointed Barclays Africa Group financial director and financial director of Absa Bank with effect from Sept.1, 2016 . Quinn becomes an executive director of Barclays Africa and Absa Bank Limited .David Hodnett, current deputy chief executive officer and financial director, remains deputy chief executive officer.  Full Article

Barclays Africa six-month diluted HEPS rises
Friday, 29 Jul 2016 

Barclays Africa Group Ltd : Unaudited condensed consolidated interim financial results for the reporting period ended 30 June 2016 . Diluted headline earnings per share (HEPS) increased 7% to 856,7 cents for the period ended june 30 . Declared a 2% higher interim dividend per share (DPS) of 460 cents . Credit impairments increased 46% to R5,2bn resulting in a 1,29% credit loss ratio from 0,97% for the reporting period ended 30 June 2016 . Headline earnings in South Africa grew 3% to R5,9bn and rest of Africa rose 33% to R1,3bn for the reporting period ended 30 June 2016 . Revenue grew 13% to R36,5bn, as net interest income increased 14% and non-interest income rose 10% for the reporting period ended 30 June 2016 . Return on equity (roe) declined to 16,1% for reporting period ended 30 June 2016 from 16,4% . Core equity tier 1 (cet1) ratio of 12,1% remains above regulatory requirements and our board target range .Net interest margin (on average interest-bearing assets) improved to 4,97% for reporting period ended 30 june 2016 from 4,70%.  Full Article

Barclays Africa Group names Peter Matlare as deputy CEO
Friday, 1 Jul 2016 

Barclays Africa Group Ltd : Peter Matlare, an independent non-executive director of Barclays Africa Group since December 2011, has been appointed deputy chief executive officer . David Hodnett continues in his role as deputy CEO, focusing on our South African banking operations, and financial director .Matlare has responsibility for our rest of Africa banking operations, and becomes an executive director of group with effect from 1 August 2016.  Full Article

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Barclays Africa dumps KPMG in latest blow to auditor in South Africa

JOHANNESBURG KPMG's scandal-hit South African arm lost another major client on Thursday when Barclays Africa Group dropped it as joint auditor, raising questions about the firm's future.