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ABSA

Absa’s first-half profit up 19%

Absa Group reported a better-than-expected 19% rise in first-half profit helped by a decline in bad loan charges and rising income from transactions.

  • Staff Reporter
1 min read
BANK PROFITS

Nedbank’s first-half profit jumps on higher fees

Nedbank Group has reported a 26% rise in first-half profit, which was helped by a drop in bad debts and its push to boost revenue from fees.

  • Helen Nyambura-Mwaura
2 min read
ABSA

SA banks to post little real first-half growth

Big South African banks are expected to show scant underlying growth when they report first-half earnings in coming weeks.

  • Helen Nyambura-Mwaura
3 min read
ABSA

Absa profit before tax down 19% in Q1

Absa’s profit before tax decreased by 19% to R1,481-billion in the first quarter of 2011 from R1,832-billion in the first quarter of last year.

  • Staff Reporter
1 min read