Absa declares R11,10 dividend
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Lender, Absa released its annual results on Monday reporting a 1% dip in headline earnings due to separation costs from Barclays.
Since the Barclays, Absa divorce the group has managed to regain some retail banking market share. Their revenue is up 4%, and the company has declared a final dividend of R11.10, reflecting an increase of 4%.
Absa's interim CEO Rene van Wyk says that now that those major challenges have been bedded down - the framework for the business has been reset and the company can now deepen efforts to deliver on its strategy.
Jason Quinn, Financial Director of Absa joins us for greater perspective on the numbers and what it means for the direction of their new growth strategy.
Since the Barclays, Absa divorce the group has managed to regain some retail banking market share. Their revenue is up 4%, and the company has declared a final dividend of R11.10, reflecting an increase of 4%.
Absa's interim CEO Rene van Wyk says that now that those major challenges have been bedded down - the framework for the business has been reset and the company can now deepen efforts to deliver on its strategy.
Jason Quinn, Financial Director of Absa joins us for greater perspective on the numbers and what it means for the direction of their new growth strategy.