Tag Archives: financials

Growth Driven by Lower Impairments and Pre-Provision Profit Growth Johannesburg, South Africa | THE INDEPENDENT | Absa Group delivered strong earnings growth for the first half of 2025, reflecting the successful execution of its strategic priorities. Headline earnings increased 17% as credit impairments declined and pre-provision profit grew. Revenue increased, …

  ✳ Loans and advances grew by 27% from Sh2.8 trillion (2019) to Sh3.6 trillion (2020) ✳ Customer deposits increased by 16% from Sh4.7 trillion (2019) to Sh5.4 trillion (2020) ✳ Profit After Tax was Sh242 Billion (2020) down from Sh259 Billion (2019) largely due to the impact of Covid-19 Pandemic on client …