Frankfurt - Delayed Quote EUR

Absa Group Limited (AU61.F)

7.65

-0.10

(-1.29%)

At close: April 23 at 8:00:50 AM GMT+2

South African lender Absa forecasts mid-single digit revenue growth

South African lender Absa forecast mid-single digit revenue growth for 2025 and fewer bad loans following a 10% jump in its annual profit, driven by improved performance in the second half. Some of Absa's most sensitive retail and small business customers found relief as inflationary pressures eased, interest rates fell and power blackouts became less frequent. In addition, the lender said improving weather conditions that will limit insurance claims and strong infrastructure investment should improve the regional outlook this year.

Reuters last month

ABG.JO
Absa Bank selects LTIMindtree for transformation journey

The extended partnership reaffirms a successful 17-year collaboration where LTIMindtree has driven Absa Bank's digital transformation journey

Retail Banker International 8 months ago

ABG.JO
Absa aims to use new Beijing office to strengthen China-Africa business ties

Absa Group, one of Africa's largest diversified financial services companies, aims to build stronger ties with Chinese firms as part of its global expansion strategy, amid growing investment and trade between China and Africa. The Johannesburg, South Africa-based bank will focus on strengthening relations with state-owned entities, private companies, banks and development finance organisations via its subsidiary, which officially launched in Beijing in early May, according to Klaus-Dieter Kaempf

South China Morning Post 10 months ago

AGRPY

Performance Overview

Return	AU61.F	All Share Index (^J203.JO)
YTD	--	+7.03%
1-Year	--	+22.16%
3-Year	--	+24.33%

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Absa Group Limited (AU61.F)

South African lender Absa forecasts mid-single digit revenue growth

Absa Bank selects LTIMindtree for transformation journey

Absa aims to use new Beijing office to strengthen China-Africa business ties

Performance Overview