JOHANNESBURG (Reuters) -South African lender Absa Group reported a 10% jump in its annual profit on Tuesday, with a ...
Salient points Revenue increased 5% to R109.9 billion Operating costs rose 5% to R58.5 billion Cost-to-income ratio unchanged ...
Absa Group reported profit that exceeded analysts’ forecasts as South Africa, the lender’s home market, recovers from years ...
Absa has seen its credit impairments improve, with further relief for the credit credit loss ratio expected in 2025.
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