{"id":28223,"date":"2026-03-10T09:54:04","date_gmt":"2026-03-10T07:54:04","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&p=28223"},"modified":"2026-03-10T09:54:04","modified_gmt":"2026-03-10T07:54:04","slug":"sas-absa-posts-12-rise-in-annual-earnings","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/sas-absa-posts-12-rise-in-annual-earnings\/","title":{"rendered":"SA\u2019s\u00a0Absa posts 12% rise in annual earnings"},"content":{"rendered":"
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South African (SA) lender Absa Group posted a 12.25% rise in \u200bfull-year headline earnings on Tuesday, as credit \u200cimpairments declined and the Corporate and Investment Banking (CIB) and Africa regions units reported growth.<\/span><\/p>\n<\/div>\n

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The country’s third-biggest lender by \u200bassets posted headline earnings of $1.51 billion in the year ended on \u2060December 31.<\/span><\/p>\n<\/div>\n

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Revenue grew by 5% to $7 094 billion, supported by strong non-interest income growth and a moderate net interest income performance, despite modest retail loan growth \u200band margin compression, Absa said.<\/span><\/p>\n<\/div>\n

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From a geographic perspective, \u200bits 11 rest of Africa businesses delivered noticeably stronger earnings growth than SA, \u2060driven by solid pre-provision profit growth and continued customer expansion, the firm said.<\/span><\/p>\n<\/div>\n

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“SA benefited from a meaningful improvement in credit impairments across several \u200bportfolios,” the \u200blender said.<\/span><\/p>\n<\/div>\n

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Overall\u00a0\u2060impairments decreased 6% to $1 3400 million, with the group’s credit loss ratio, a measure of bad loans against\u00a0\u200btotal\u00a0\u2060loans, improving to 88 basis points, the mid-point of Absa’s target range when compared to 103 basis\u00a0\u2060points\u00a0\u200bin 2024.<\/p>\n<\/div>\n

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The group declared a \u200bfinal dividend of 850 cents per share.<\/span><\/p>\n<\/div>\n

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–Reuters–<\/span><\/p>\n<\/div>\n","protected":false},"featured_media":28228,"template":"","meta":{"_acf_changed":false,"_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-28223","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":"","news_description":"Absa Group posted a 12.25% rise in \u200bfull-year headline earnings on Tuesday","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/28223","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/28223\/revisions"}],"predecessor-version":[{"id":28229,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/28223\/revisions\/28229"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/28228"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=28223"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=28223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}