|
|
|
Wed 1 Jul 2026
Close: 21800c 
Day's move: -992c (-4.35%)
Volume: 7 321 146
Trades: 24 002
|
|
|
|
Absa - trading update
Absa Group will host a pre-close call today, 30 June 2026, during which management will update the market on Absa's expected financial performance for the six months ending 30 June 2026 (1H26).
Revenue is expected to grow by low to mid-single digits, with non-interest income growing faster than net interest income.
Net interest income growth remains modest, growing by low single digits, reflecting margin compression largely due to lower policy rates in Africa regions. Net customer loans and customer deposits are expected to grow by mid-single digits. Personal and Private Banking (PPB) net customer loans are expected to grow by mid-single digits. In PPB South Africa, solid Vehicle and Asset Finance growth should offset modest growth in Home Loans and unsecured lending. Corporate and Investment Banking (CIB) net customer loans excluding reverse repurchase agreements and Business Banking (BB) net customer loans are expected to grow by high single digits.
Management will host a pre-close call at 10am (SA time) today. For details thereof, please see the investor relations website.
Absa will release its 1H26 results on 18 August 2026.
|
|
Click here for original article
|
| |
Absa - board committee
•Paul Smith will become the chairman of the Group Risk and Capital Management Committee (GRCMC) on 1 July 2026.
•Brian Kennedy will become the chairman of the Group Credit Risk Committee (GCRC) on 1 July 2026.
•Fulvio Tonelli, who was interim chairman of GRCMC and GCRC, and remains a member of those committees will become the chairman of the Group Audit and Compliance Committee (GACC) on 1 August 2026, succeeding Tasneem Abdool-Samad. She will retire from the Group Board at the end of January 2027 (having served nine years by then) but remains a member of the GACC until then.
|
|
Click here for original article
|
| |
Absa - shareholder engagement update
Shareholders were referred to the Company's engagement with shareholders on the remuneration implementation report resolution, following the Annual General Meeting held on 2 June 2026, and were advised that shareholders representing approximately 12% of Absa Group ordinary shares in issue attended a virtual call with the Group Chairman, René van Wyk, and the Chairman of the Group Remuneration Committee, Rose Keanly, on 22 June 2026.
|
|
Click here for original article
|
| |
| |
| Click here for full news archive for this company |
|
| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
| |
|
|
