Absa Group reports resilient earnings in tough environment
Absa Group reported a resilient set of results for 2023, delivered in an operating environment that was weaker than expected, particularly in South Africa.
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Absa Group reported a resilient set of results for 2023, delivered in an operating environment that was weaker than expected, particularly in South Africa.
Absa Group Reports Resilient Earnings In Tough Environment; Underlying Business Strong And Growing
JOHANNESBURG -South African lender Absa Group posted a marginal rise in annual profit on Monday, as a boost from pre-provision growth was offset by higher credit impairments....
Absa declared a dividend of R13.70 per share, up 5%.
Credit impairments increased 13% to R15.5 billion, with the bank reporting higher impairments in its SA business.