Absa confident strong balance sheet will offset impairments jump
Bank balances stress and growth, with shareholders getting a R9.3bn payout
13 March 2023 - 08:59
UPDATED 13 March 2023 - 23:10
Absa says its balance sheet is robust enough to handle rising impairment charges and support its growth ambitions in Africa even as accelerating inflation and higher interest rates weigh on the disposable income of its customers.
SA’s fourth-biggest lender by market value opted to distribute almost 44% of its retained earnings in its 2022 financial results released on Monday...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.